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Santa Barbara Investors Back Solvvy

socalTECH

The Investment Group of Santa Barbara (IGSB) is one of the backers this week in machine learning and artificial intelligence software developer Solvvy. Solvvy says it has raised $4.5M Solvvy says it has raised $4.5M Solvvy is based in Palo Alto. READ MORE>>.

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Santa Barbara, San Diego Tops On Per-Capita Venture Capital

socalTECH

A new study released earlier this month has ranked the Santa Barbara-Santa Maria-Goleta metropolitan area, as well as the San Diego-Carlsbad-San Marcos metropolitan area among the top ten markets for venture capital activity. Los Angeles-Long Beach-Santa Ana ranked further down on the list, at number 16, at $13.1M

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Success, Santa Barbara Style: Patagonian Sexwax With A Side Order of UGGS

InfoChachkie

Six outstanding entrepreneurs have created this sweet flavor of success in one of the most beautiful places on earth – Santa Barbara, California. Santa Barbara has become a high-tech startup mecca, rivaling cities many times its size. From Lynda.com ’s recent $1.5 Share and Enjoy.

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SoCal Angel Investors See IPO Pop At CytomX

socalTECH

A number of Southern California angel investors are undoubtedly breaking out the champagne this morning, after the successful IPO of CytomX Therapeutics , a developer of cancer therapeutics which was spun out of UC Santa Barbara. CytomX was founded by UC Santa Barbara professor Patrick Daugherty.

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NGEN Partners Gets Exit At Choose Energy

socalTECH

Santa Barbara- and New York-based clean technology investor NGEN Partners has scored an exit at Choose Energy , a startup which lets consumers comparison shop for and select electric energy providers, according to a report. The report, from Fortune, said the deal was worth less than $100M. Grubstein was on the board of Choose Energy.

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Report: Venture Capital Dollars In 2017 On Way To Record

socalTECH

Total venture capital investment dollars in 2017 are on their way to a decade high, according to a new report issued today, with $21.5 billion invested in the third quarter in more than 1,699 companies. The 3Q 2017 PitchBook-NVCA Venture Monitor report said the latest quarter worths of investment brings 2017's total to $61.4

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Maverick Angels Expands Network

socalTECH

Maverick Angels , one of the angel investment groups in the Los Angeles area, said this afternoon that the group is launching two new chapters, expanding into the Santa Barbara and South Bay area. Tags: venture capital investment angel angels maverick. READ MORE>>.

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