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Angel investing group the Tech Coast Angels has officially announced its new investment fund, the ACE Fund , as the group has begun to broaden out its investments strategy. Tags: tech coast angels fund angel venture capital investment.
Monrovia-based Green Dot , the provider of prepaid debit cards, has set pricing on its IPO, saying in a filing Friday that it estimates and initial public offering price of between $32.00 Green Dot filed for an IPO in February, and is backed by Sequoia Capital, TTP Fund, and the Tech Coast Angeles. and $35.00
which has substantial operations in Westlake Village, Beverly Hills-based RealD , Monrovia-based Green Dot , and Woodland Hills-based ReachLocal. In fact, a recent study released by Ernst & Young found that there were eight companies in Southern California, out of 22 total in California, who were lined up for an IPO in Q4.
Monrovia-based Green Dot , a provider of pre-paid VISA and Mastercard cards, has filed for an IPO, saying this morning that it is looking to raise up to $150M in an IPO on the NYSE. Green Dot is venture backed by Sequoia Capital, TTP Fund, as well as a significant number of Tech Coast Angels. The firm's IPO is being undewritten by J.P.
However, two, Southern California firms drove the inclusion of two other, venture capital investors on the list--Miachel Moritz of Sequoia Capital (for his investment in Monrovia-based Green Dot ), and Byron Deeter of Bessemer Venture Partners (for his investment in Los Angeles-based Cornerstone OnDemand ).
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.
Monrovia-based Aerovironment has scored another electric vehicle charging win, saying today that it has been selected by the BMW Group to provide electric vehicle charging equipment and installation for the new BMW ActiveE as a preferred provider. Financial impact of the win was not disclosed. READ MORE>>.
Monrovia-based Green Dot , the provider of prepaid credit cards which hit the market today, closed up 22.2 In what might also result in a mini boom in angel investing in Southern California, a significant number of Tech Coast Angels have benefited significantly from their seed investments in Green Dot. READ MORE>>.
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. Belz is President of Belz Consulting Group.
Monrovia, California-based Green Dot --which created the entire category of prepaid credit cards when it was just a small, angel funded startup in Southern California--is now looking to turn another industry on its head--banking. READ MORE>>.
However, a quick look at the recent Southern California IPOs shows that Monrovia-based Green Dot still rules, at least in terms of current market cap. In intraday trading Thursday, Green Dot (GDOT) had a market cap of approximately $2.68 billion, compared to Demand Media's (DMD) $1.4
Monrovia-based Ondax , a manufacturer of volume holographic grating filters and lasers, said Tuesday that it has officially closed its $2.2M, Series E funding round. The round was led by Prospector Equity Capital and Arcturus Capital, and also included the Pasadena Angels and Tech Coast Angels. READ MORE>>.
Good Eggs , an online, local grocery delivery service which has been piloting its services in Los Angeles, has raised $8.5M The Bay Area startup said the funding was led by Sequoia Capital, and also included Harrison Metal, Baseline Ventures, Collaborative Fund, Kapor Capital, along with angels. READ MORE>>.
Steve Streit , the founder of Monrovia, California-based Green Dot , which provides prepaid debit cards and other products, has been tapped for a national award recognizing entrepreneurs. Green Dot was backed by Sequoia Capital and the Tech Coast Angels, and has been the best return, ever, for the Tech Coast Angels.
Los Angeles-based Internet Brands , which operates a suite of online, advertising driven websites across a wide range of verticals, said Monday that it would go private in a $640M, private equity deal, bucking the trend of Southern California companies filing to get to the public markets. Internet Brands had gone public just three years ago.
Monrovia-based Green Dot , the provider of prepaid debit cards, priced its IPO at $36.00 The firm is backed by Sequoia Capital, the Tech Coast Angels, TTP Fund, and the Tech Coast Angels. The IPO also represents the most successful exit to date for the Tech Coast Angels, which seeded Green Dot.
Monrovia-based Soliant Energy , which develops concentrating photovoltaic solar energy systems, said today that the firm's flagship product, the SE-500X, has received UL listing from Underwriters Laboratories. READ MORE>>.
Monrovia-based Green Dot , the provider of prepaid credit cards which hit the markets this morning in its IPO, is up in early trading this morning on the NYSE. The firm is backed by Sequoia Capital, the Tech Coast Angels, TTP Fund, and the Tech Coast Angels. The firm, which debuted at GDOT this morning, was up as high as $44.83
Los Angeles-based CODA Holdings , the developer of electric vehicles, announced this morning that it has acquired Monrovia-based EnergyCS , a developer of battery management systems. Financial terms of the acquisition were not announced.
Monrovia, California-based Green Dot , the provider of prepaid debit cards run by Steve Streit, reported in an updated S-1 filing with the SEC this week that it has issued 2,208,552 shares of its Class A stock to Walmart, as part of a renewed distribution deal with the retail giant signed in May. Green Dot filed for an IPO in February.
Monrovia-based prepaid card provider Green Dot was being battered in the markets this morning, after Walmart and American Express announced a deal to create a new, prepaid card called Bluebird. Walmart and Amex said the new, reloadable prepaid card will have no monthly, annual, or overdraft fees and be distributed via Walmart's stores.
Monrovia-based Green Dot , the provider of prepaid credit cards headed by Steve Streit, is looking to expand its market, with a partnership with the AARP. According to Green Dot Thursday, it will launch an "AARP Foundation" prepaid Mastercard, which will be tailored to older Americans.
Los Angeles-based venture firm GRP Partners is backing a prepaid card firm, Wave Crest Holdings Limited , based in Gibraltar. Wave Crest looks to be in the same, prepaid payment card sector as Monrovia-based Green Dot, which is expected to hit the public markets very soon in its IPO. According to Wave Crest today, it raised $8.5M
In what seems like almost weekly news now about a Southern California firm gearing up for the public markets, Monrovia-based Green Dot is expected to hit the markets sometime this week. Green Dot is backed by Sequoia Capital, TTP Fund, and the Tech Coast Angels. and $35.00 per share, and will list on the NYSE at GDOT. and $35.00
Southern California appears to be on a IPO roll this month, with the pricing of Monrovia-based Green Dot 's IPO last night and expected trading today, following the successful IPO of Beverly Hills-based RealD last Friday.
Monrovia-based Green Dot , the provider of prepaid credit cards, which allows people who are unlikely to qualify for a credit card or bank accounts to load up their credit cards with money, might be seeing more regulation soon, according to reports Wednesday. READ MORE>>.
The California Life Sciences Association (CLSA), a group which focuses on public policy and business leadership in the life sciences area, said today that it has launched what it calls a new "Life Sciences Innovation Hub" in Los Angeles. The company said the new office is a partnership with LA BioMed and Lab Launch.
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.
Monrovia-based unmanned aerial vehicle maker Aerovironment has been accused of covering up an incident where its employees transported a drone, rigged with explosives, on a commercial flight, according to a report from Bloomberg. was filed in the California Superior Court in Los Angeles. government. government. AeroVironment, Inc.
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.
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