Anthem, DFJ Frontier Back Janrain

socalTECH

Two Los Angeles area venture capital firms have re-upped their investments in a provider of identity management software. Anthem Ventures , represented by Samit Varma , and DFJ Frontier, represented by David Cremin , are two of the investors in Portland-based JanRain , whose software is used to allow websites to use existing online accounts such as Facebook, Google, Twitter, and Yahoo to sign up for other web services or even corporate applications.

Last Exit Wall Street: 7 Considerations When Raising Venture Capital

From the Venture Trenches

The recent firing of Groupon’s CEO Andrew Mason is a cautionary tale of the increased scrutiny and heightened expectations that come from accessing increasingly larger amounts of investment capital. Is outside capital really required?

Trending Sources

3 Things You (Probably) Don’t Know about Indiana Innovation

Xconomy

Indiana is home to the global headquarters for Anthem, Cook Medical, Dow AgroSciences, and Eli Lilly and Company, as well as the North American headquarters for Roche Diagnostics. Warsaw, IN, is the “Orthopedic Capital of the World.”. In fact, Indiana University’s Bicentennial Strategic Plan calls for a $300 million investment program called Grand Challenges that focuses on large-scale problems facing humanity.

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Anthem Ventures Gets Exit At Siperian

socalTECH

Santa Monica-based Anthem Ventures , the venture capital firm run by Bill Woodward, has scored an exit with portfolio firm Siperian , as Informatica said last week that it would buy the maker of data integration software for $130M in cash. Anthem Ventures was the original investor in Siperian, which was also one of Anthem's first investments, out of its Anthem Venture Partners I fund.

TrueCar Files For IPO

socalTECH

TrueCar--which is led by Scott Painter--is backed by USAA, Capricorn Investment Group, Upfront Ventures, Anthem Ventures, Vulcan Capital Growth Equity, and Peppy Capital Partners. Santa Monica-based TrueCar has filed for an IPO, saying Friday that it is looking to raise up to $125M on the NASDAQ Global Select Market as TRUE. The IPO is being underwritten by Goldman, Sachs & Co. and J.P. Morgan.

Email Copilot Acquired By Return Path

socalTECH

Email Copilot was formerly known as Embarke, and had been venture backed by Anthem Ventures, La Costa Investment Group, Promus Ventures, Right Side Capital Group, Social Leverage, along with angels Howard Lindzon, Eric Otterson, and Steve Macbeth. San Diego-based Email Copilot , which develops visualization, monitoring, reporting, and analysis of email deliverability data, has been acquired by Return Path , a New York-based developer of email data software.

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Los Angeles Venture Investors Get Their Mojo Back

socalTECH

Local investments funds have had issues raising their new funds, and venture investors had started to hunker down with their portfolios, waiting for some sign of a thaw in the exit environment. investment investor capital venture angeles

SolarFlare Raises $5.0M

socalTECH

The firm has previously raised funding from Oak Investment Partners, Anthem Venture Partners, Acacia Capital Partners, Intel Capital, and Miramar Venture Partners. solarflare venture capital funding gigabit ethernet 10gbe debtIrvine-based SolarFlare , the developer of 10 Gigabit Ethernet (10GbE) semiconductors and adapters, has raised $5.0M in a combination of debt and warrants, according to a regulatory filing by the firm Wednesday.

Solarflare In Talks With Marvell, Say Sources

socalTECH

Solarflare, which is headed by Russell Stern, is venture backed by Acacia Venture Partners, Accel Partners, Amadeus Capital Partners, Anthem Ventures, Foundation Capital, IDG Ventures, Intel Capital, Miramar Venture Partners, Oak Investment Partners, Sequoia Capital and Windward Ventures.

AdventureLink Buys Competitor, Get Investment

socalTECH

According to AdventureLink, the all-stock deal also included a new investment from Allegis Capital. AdventureLink is also venture backed by Anthem Venture Partners and The Mail Room Fund. Tags: travel merger adventurelink acquisition venture capital allegis adventure

This Week in Venture Capital – Episode 2

Both Sides of the Table

I was on This Week in Venture Capital (TWiVC) again this week with Jason Calacanis. I won’t belabor this – I have an investment in this space ( ad.ly ) so I’m biased. 2.6mm in Series A : Canaan , Anthem. In my mind, not a typical VC investment.

Solarflare Raises $22.2M More

socalTECH

Details on that funding have not been announced by the company, whose investors include Oak Investment Partners, Anthem Venture Partners, Acacia Capital Partners, and Miramar Venture Partners. solarflare venture capital high speed gigabit ethernet semiconductorIrvine-based Gigabit Ethernet semiconductor developer Solarflare Communications has raised $22.2M more in a funding round, according to a regulatory filing by the firm on Tuesday.

Venture Firms Invest Around $1.6 Billion In Q2 2010 In SoCal

socalTECH

An analysis of Q2's venture capital deals and investment activity in Southern California find that venture capitalists invested around $1.6 billion invested in Q1, and up from $1.0 The analysis was based on tracking of venture capital, angel, and private equity deals by socalTECH.com, which maintains its own proprietary database of local and national venture capital deals and dealmakers. in investment), Energy ($190.2M in investments in Q2).

Why Technology is Driving More Urban Renewal

Both Sides of the Table

I’ve been meeting with LPs (those who invest in VC funds) over the past year and discussing trends I see in the market and where I think we need to be as a firm to be near to and meet the needs of our customers. Spark Capital, Flybridge, Founder Collective, NextView Ventures … all in Boston or Cambridge not west of the city. In San Fran you find more recently established VCs like True Ventures, First Round Capital, Freestyle, Kii Capital and others.

The Challenges (& Opportunities) of Starting a Tech Company in LA

Jason Nazar

of a product up and running in a few months weeks getting thousands of users for next to no capital, in Los Angeles many folks will take over a year and spend a million dollars just to get a beta product ready. Challenge #3 – There Needs to Be More Institutional Capital in Los Angeles.

Wavestream Raises $7M

socalTECH

Names of new investors in the firm were not disclosed, however, the firm has previously raised funding from companies such as Anthem Ventures, Digital Power Capital, Oak Investment Partners, Titan Corp., The filing listed Anthem Ventures' William Woodward as a current member of the firm's board. Tags: filing capital venture wavestream San Dimas-based Wavestream , a developer of solid state, RF (radio frequency) amplifiers, has raised $7.0M of an $8.0M

Viewdle Gets $10M

socalTECH

Viewdle , the developer of cross platform, facial recognition technology backed by Santa Monica-based Anthem Ventures, has scored another round of funding, worth $10M, according to Viewdle. The new round comes from Best Buy, BlackBerry Partners Fund, and Qualcomm, in addition to Anthem Ventures, which was the original investor in the company. As part of the investment, Best Buy's Kuk Yi and Blackberry Partners Funds' John Albright have joined the company's board.

Q1 Southern California Venture Deals Rise To Around $1.4B

socalTECH

A quick analysis of venture capital deals in Q1, tracked by socalTECH, finds that there was around $1.4 The information--gleaned from funding announcements, regulatory filings, and other sources--are also up significantly from Q1 of last year, when only $729.89M was invested in the region. Biopharmaceuticals continues to drive the investment totals in Southern California, with $222M in investments; followed by Medical Devices, with $120M in investments, and Software, with $119M.

Solarflare Raises $5.0M In Debt

socalTECH

Solarflare is venture backed by Oak Investment Partners, Anthem Venture Partners, Acacia Capital Partners, Intel Capital, and Miramar Venture Partners. solarflare venture capital debt semiconductor gigabit ethernetIrvine-based Solarflare Communications , a developer of 10 Gigabit Ethernet adapters and silicon, has raised $5.0M in a debt funding round, according to a regulatory filing by the firm. No details on the source of the debt funding were disclosed.

SolarFlare Raises $22M More

socalTECH

SolarFlare's current investors include Oak Investment Partners, Anthem Venture Partners, Acacia Capital Partners, and Miramar Venture Partners. solarflare venture capital high speed networking interface device 10gbe latency hardware equipmentSolarFlare , the developer of high speed networking devices, has raised a new, big $22.0M funding round, according to a regulatory filing from the firm. According to the filing, the firm has raised $22.0M out of an ongoing $23.8M

Calacanis: First Angels In New Angel Group

socalTECH

Coffin is the founder of LowerMyBills, Dayton is the founder of Earthlink, and Woodward is a venture capitalist at Anthem Venture Partners. Tags: jason calacanis mahalo angel investment venture capital keiretsu forum openangel executive Jason Calacanis , CEO of Santa Monica-based Internet search site Mahalo , has signed on several angels for his new angel group, the Open Angel Forum - Los Angeles.

Zag Round Totals $37.4M

socalTECH

Santa Monica-based Zag has finally revealed the total invested in its latest, strategic round of funding, saying Thursday that it raised $37.4M. The round came from USAA, and included Capricorn Investment Group, LLC, GRP Partners and Anthem Venture Partners.

Interview with Todd Jerry, Marmol Radziner

socalTECH

Many local entrepreneurs might know Todd Jerry , formerly a venture capitalist at Anthem Venture Partners. Todd has a unique view, having worked both on the venture and high technology investing side at Anthem, as well as the architecture and construction industry now.

Southern California Venture Totals Drop in Q4

socalTECH

PricewaterhouseCoopers and the National Venture Capital Association (NVCA) released their 2008 Q4 MoneyTree Report this evening, reporting that $28.3 billion was invested in 3,808 deals in the fourth quarter of 2008.

TrueCar Prices IPO

socalTECH

TrueCar is venture backed by backed by USAA, Capricorn Investment Group, Upfront Ventures, Anthem Ventures, Vulcan Capital Growth Equity, Peppy Capital Partners, Arcturus Venture Capital, along with others. Santa Monica-based TrueCar has priced its IPO, saying last night that it will sell 7.8 million shares of its stock at $9 per share. The pricing was below the company''s earlier, estimated IPO range of $12.00 to $14.00 per share.

Zag Raises $11.1M More

socalTECH

The firm has previously raised funding from USAA, Capricorn Investment Group, LLC, GRP Partners and Anthem Venture Partners. Tags: automotive venture capital auto Santa Monica-based Zag , the online auto buying software firm headed by Scott Painter, has raised $11.1M

Solarflare Pulls In $44M More

socalTECH

The equity came from Oak Investment Partners, Acacia Capital, and Anthem Venture Partners; source of the debt financing was not disclosed. Tags: venture debt capital ethernet semiconductor gigabit solarflare Irvine-based Solarflare Communications, a manufacturer of 10 Gigabit Ethernet semiconductors, announced today that it has raised $44M in a combination of debt and equity funding.

AdventureLink Gains Funding

socalTECH

The funding came from Anthem Venture Partners and The Mail Room Fund. Amount of the investment was not disclosed. Tags: travel adventurelink mailroom venture capital adventure fund

ThisNext Gets $1.2M In Funding Round

socalTECH

According to the filing, the first investment in the round was August 4th, and included equity, options, and warrants. It's unclear if the funding in this regulatory filing is the same funding as the firm announced on July 21st, from Gary Winnick (Pacific Capital), Bob Pittman (Pilot Group/AOL), Stan Shuman (Allen & Co.), Clearstone Venture Partners and Anthem Venture Partners. Tags: ecommerce shopping social capital venture thisnext

Solarflare In Distribution Deal

socalTECH

The company is venture backed by Accel Partners, Amadeus Capital Partners, Anthem Ventures, Foundation Capital, IDG Ventures, Intel Capital, Miramar Venture Partners, Oak Investment Partners, Sequoia Capital, and Windward Ventures. Irvine-based Solarflare, a developer of 10 Gigabit Ethernet semiconductors, said this morning that the firm has signed a distribution deal with an Israeli firm, El-Gev Electronics.

Solarflare Promotes Engineering VP

socalTECH

The firm has received funding from Oak Investment Partners, Anthem Venture Partners, Acacia Capital, Intel Capital, and Miramar Venture Partners. Irvine-based Solarflare said late Friday that it has named a new, Senior Vice President of Engineering, Danny Shamlou. According to the firm, Shamlou will be responsible for all of the firm's engineering functions.

Zag Spins Out TrueCar

socalTECH

The firm said it has scored Series A funding from Zag, Anthem Venture Partners, Global Retail Partners, Capricorn, Capital One Auto Finance, ARcturus Capital, Scott Painter, and co-founder Tom Taira. All of the venture funders in TrueCar are investors in Zag, and amount of the investment was not disclosed.

Solarflare Communications Hires VP

socalTECH

Solarflare is venture backed by Oak Investment Partners, Acacia Capital, Anthem Venture Partners, and others. Irvine-based Solarflare Communications , which develops 10 Gigabit Ethernet silicon, said today that it has hired on Mike Smith as the firm's Vice President of Product Marketing. Smith joins the firm from Emulex, where he was the company's Executive Vice President of Worldwide Marketing. Smith has also served at Adaptec and Western Digital.