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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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Theta Lake Takes $12.7M For Security, Compliance Software

socalTECH

Santa Barbara-based Theta Lake , a developer of security and compliance software which connects with Cisco Webex, Microsoft Teams, RingCentral, Zoom and other collaboration platforms, has raised $12.7M in a Series A funding. The company's seed funding was in January of 2019. READ MORE>>.

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TrackStreet Takes $2M For E-Commerce Monitoring

socalTECH

Santa Barbara-based TrackStreet , a developer of software to help manufacturers monitor their channel and e-commerce sites--and in particular, minimum-advertising-price (MAP) policies--has raised $2M in seed funding, the company said Wednesday.

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Draftpedia Aims At NFL, NBA Fans

socalTECH

The app--which is free--is the brainchild of David Rabie and Joe Sarafian, two Santa Monica entrepreneurs who were born and raised in Los Angeles. The two were roommates at UC Santa Barbara and hatched the idea because they are diehard sports fans.

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Local Market Launch Scores $1.5M

socalTECH

Santa Barbara-based Local Market Launch , a new startup founded by former ValueClick founder Brian Coryat, said Tuesday that it has raised $1.5M in a Series A funding round. in funding, including an earlier seed funding. Coryat has also been an angel investor in recent years in local startups.

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TCA Stresses Mixers, New Website

socalTECH

The Tech Coast Angels is stressing its mixer program, seed investment efforts, and a new website, as it kicks off a 2010 program, according to the angel investing group. The group also said it is focusing on its SeedTrack program, which is specifically focused on seed stage funding and extensive mentoring.

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The Changing Venture Landscape

Both Sides of the Table

And as a result of this there are now very robust secondary markets where founders and seed-funds alike are selling down their ownership long before an ultimate exit. At Upfront we have always done 40% of our investing in Greater Los Angeles and it’s precisely for this reason. We aren’t going to win every great deal in LA?—?there