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Surf Air Raises $73M, Orders 15 New Planes

socalTECH

Santa Monica-based Surf Air , the membership-based airline which has been serving Silicon Beach, is in a major expansion, saying that it has ordered 15 new planes--with an option on another 50--and raised $73M in debt and equity. The company said it now has over 900 members. READ MORE>>.

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VideoAmp Raises $2.2M For Video Advertising Platform

socalTECH

in a funding round, from Anthem Venture Partners, Simon Equity Partners, Third Wave Capital, Wavemaker Partners and ZenShin Capital. The company says it already has more than 20 engineers in its Los Angeles offices. READ MORE>>. videoamp video advertising venture capital ross mccray'

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TrueCar Prices IPO

socalTECH

The pricing was below the company''s earlier, estimated IPO range of $12.00 The company raised around $71.1M 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.

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VideoAmp Opens Offices In New York, Chicago, and Detroit

socalTECH

VideoAmp said the New York office will be led by Amy McGovern, who has been appointed VP of Strategic Sales, to head up the company's eastern region; McGovern was most recently Vice President of Digital Video Ad Sales at Fox Networks Group, and also had served at GroupM. VideoAmp also said it and expanding its current office in San Francisco.

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Zag Raises $11.1M More

socalTECH

in a new equity funding round, according to a regulatory filing by the firm Tuesday afternoon. Source and details on the funding have not yet been announced by the company. The firm has previously raised funding from USAA, Capricorn Investment Group, LLC, GRP Partners and Anthem Venture Partners. READ MORE>>.

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MySpace Startups: Startups From MySpace Vets

socalTECH

socalTECH has mined our proprietary database of startups and other tech companies to find some of the firms spawned by former MySpace executives. Venture backers : Oak Investment Partners, Spectrum Equity, W Capital Partners, Goldman Sachs & Co., Venture backers : Anthem Ventures, the Mailroom Fund, Rincon Venture Partners.

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Last Exit Wall Street: 7 Considerations When Raising Venture Capital

From the Venture Trenches

Yet despite his ability to raise over $1 billion of private equity and to build an organization that is worth $5 billion as of this writing, Mason was shown the door. What is the company’s use of proceeds? Are you passionate about running the day to day operations of your company and the challenge of growing your business?