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in a seed funding, which included Navitas Capital, a venture firm with offices in Los Angeles. The funding came from Claremont Creek Ventures, Google Ventures, Formation 8, Navitas Capital, Red Swan Ventures, and other angels.
Irvine-based Bikestation , a developer of facilities for bicycle commuting, has scored an investment from the Tech Coast Angelsangel investment group, the TCA said this morning. According to the Orange County arm of the Tech Coast Angels, the investment was led by Raulee Marcus.
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In particular, funding for companies developing deep technology--software and cloud, as opposed to content and media--seems to be lacking. How did the new fund come about? We saw an extraordinary opportunity, in general, and in LA in particular, to really focus in on technology in Los Angeles. David Waxman.:
We're always interested in how technology is influencing the business of Hollywood, and recently ran across Los Angeles-based Scripped. We're in talks with a couple of agencies where we will provide an independent rating system, where they will go through the content, and we'll pay them to do that as part of our funding, and rate each script.
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