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Wavemaker Portfolio Firm, Phunware, Goes Public Via Reverse Merger

socalTECH

Los Angeles-based venture investor Wavemaker Partners has seen one of its portfolio companies hit the public markets, albeit via an unusual, reverse merger arrangement. Stellar is a so-called "blank check acquisition company" specifically designed to for reverse mergers. READ MORE>>.

Draper 153
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WaveMaker Partners Closing New $50M Fund, With Southeast Asia Focus

socalTECH

Los Angeles- and Singapore-based WaveMaker Partners , the venture capital firm managed here in LA by Eric Manlunas and David Siemer, with Paul Santos in Sinagpore, said over the weekend that it is finalizing its new, $50M fund. The new fund is tied to Tim Draper's Draper Venture Network (DVN). READ MORE>>.

Draper 100
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Anybeat Rolls Out Chat Roulette Feature

socalTECH

Taking a chapter out of the popularity of sites like Chatroulette in connecting up strangers with one another, Los Angeles-based Anybeat , the alternative social networking site run by Dmitri Shapiro, said Friday that it has rolled out a new feature called "Interest Roulette".

Veoh 209
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The Bouqs Company Finds $12M For Flower Delivery

socalTECH

The Bouqs said the funding came from Quest Venture Partners, Azure Capital Partners and KEC Ventures, along with Enspire Capital and Draper Associates. The new funding will go towards its supply chain, expanding its farm and florist networks, to grow its team, and to launch a new, native app. according to CEO Tabis. READ MORE>>.

Company 100
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CapLinked Raises $1 Million Growth Round From FF Angel, 500 Startups, and Subtraction Capital

Tech Zulu Event

Cloud-based secure deal platform CapLinked , has received a $1 million expansion round from Subtraction Capital, FF Angel, 500 Startups , and other investors. The firm says it will use the funding to grow rapidly and close more partnerships like the previous Kayne Anderson Capital Advisors and last week’s Sunbelt Network partnership.

Capital 69
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Siemer Ventures Backs Ribbon

socalTECH

Los Angeles-based Siemer Ventures , the venture capital arm of investment bank Siemer & Associates, has been one of the most active local investors lately--and is continuing that trend, with the investment in Ribbon. in a seed funding round. in a seed funding round.

Draper 164
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Venture Totals Drop In Southern California For Quarter

socalTECH

The numbers were driven by large dollar fundings in the clean technology sector, including large rounds to PowerGenix, Aptera Motors, and Pentadyne.