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Ondax Raises $2M More

socalTECH

Monrovia-based Ondax , a developer of optical filters and laser sources based on research out of the California Institute of Technology, has raised $2M in a Series E investment. According to the Pasadena Angels, one of the investors in the firm, the round also included the Tech Coast Angels and un-named venture capital firms.

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Ondax Names Belz To Board

socalTECH

Monrovia-based Ondax , which develops laser products and holographic gratings used in defense, industrial, medical diagnostics, analytical instrumentation, and consumer electronics markets, has added Andrea Belz to its board, the firm said Monday. Belz was the lead investor on the funding round. READ MORE>>.

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GRP Backs Payment Card Provider Wave Crest

socalTECH

Los Angeles-based venture firm GRP Partners is backing a prepaid card firm, Wave Crest Holdings Limited , based in Gibraltar. in a Series B funding round led by GRP Partners, which also included Park Ventures. The firm develops prepaid cards and electronic wallet products as well as other related payment products.

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Architects Envision LA's CleanTech Corridor

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Even though the plan by Los Angeles to create a Clean Technology Corridor on the banks of the LA river has yet to advance much beyond the planning stage, a competition pitting architects to create their vision for the clean technology zone has just named winners who have expressed their futuristic visions for what the area might look like.

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Eleven of Southern California's Firms In The Alternative Vehicle Market

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Boone Pickens; Aptera Motors , in Carlsbad, which has funding from Google and Idealab; and Phoenix MC , based in Ontario. On the automobile side, there are at least six Southern California companies also working on their own, electric or other alternative vehicles, competing against Tesla and the traditional carmakers.

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Interview with Jonathan Cooper, ATMCASH

socalTECH

Ever since the huge success of Monrovia-based Green Dot in its IPO last year, netting a huge return for local angels, investors here have taken a second look at financial startups. Jonathan Cooper: One, is we've developed a proprietary, anti-fraud payment system. It took us four years to develop our anti-fraud payment system.

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