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Avalon Leads $18M in Early Funding for Cancer Immunotherapy Startup

Xconomy

San Diego’s Avalon Ventures led the Series A round, and has established Fortis at COI Pharma, the firm’s biotech incubator (which now houses 16 life sciences startups). Lilly Asia Ventures, Osage University Partners, and Vivo Capital joined in the deal, according to a statement from Avalon.

Avalon Ventures Raises $201.6M As Part Of $250M Venture Fund

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In what is a rarity nowadays for a Southern California venture capital fund, San Diego- and Cambridge-based venture capital firm Avalon Ventures has just closed on $201.6M in commitments for a $250M fund, Avalon Ventures X. Avalon has backed such companies as Zynga, Ambit Biosciences, AnayptsBio, Awarepoint, Cheezburger, Inogen, MOGL, Ortiva Wireless, and others. avalon ventures venture capital fundraising finance startup

Avalon Ventures Backs Pingup

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Avalon Ventures , the La Jolla- and Cambridge-based venture capital firm, has backed a new startup, Pingup , which lets consumers text nightclubs for reservations and information. According to Pingup Tuesday, it raised $1M in a seed funding round from Avalon Ventures, led by Brady Bohrmann. nightlife restaurant mobile nightclub message text capital venture ventures avalon pingup

Avalon Ventures Leads Round In AeroFS

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San Diego-based venture investor Avalon Ventures is the lead investor in a new, $10M funding round for AeroFS , a developer of private cloud collaboration software. Avalon's Rich Levandov represents Avalon Ventures on the AeroFS board. aerofs venture capital private cloud collaboration software saas avalon ventures rich levandov

Avalon Ventures Backs Selectable Media

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San Diego-based venture investor Avalon Ventures has backed a developer of video advertising products, Selectable Media , to the tune of $2M. selectable media venture capital video advertising avalon

Avelas Bio Raises $20M to Push Cancer-Illuminating Biologic Agent

Xconomy

and San Diego’s Avalon Ventures. Inbio Ventures, a venture capital management company, represented Pharmstandard in the deal. Avalon Ventures founded Avelas, and has housed the startup with other Avalon biotech startups at its COI Pharmaceuticals R&D facility in San Diego.

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An Homage to Larry Bock, Who Had God’s Hand on His Shoulder

Xconomy

It was during this time, she recalled, when Bock met Kevin Kinsella of San Diego’s Avalon Ventures.

AnaptysBio Adds More Shares, Raises $75M in Stock Market Debut

Xconomy

AnaptysBio is the first U.S. biotech company to go public this year, raising $75 million in an IPO intended to finance development of antibody-based drugs for inflammatory disorders.

Avalon Ventures Backs TwinStrata

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La Jolla-based venture capital investor Avalon Ventures is the lead in a round for cloud data storage firm TwinStrata , TwinStrata said today. TwinStrata, which is based in Masachusetts, said that Avalon lead its Series B funding round, which was worth $8M.

Core Innovation Capital Sets Up Shop In LA

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In the latest positive move for the Los Angeles venture capital market, a new investor has moved into town, to take advantage of the area''s growing startup market. According to Core Innovation Capital , it has moved its offices to Los Angeles from New York City, to be closer to potential investments in its focus area of funding companies serving underbanked consumers in America. core innovation capital venture investment fund

Avalon Ventures Backs Teambox

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San Diego-based venture investor Avalon Ventures is the lead investor in a round for a developer of cloud-based, business collaboration software today. According to Teambox , which was founded in Barcelona, Spain, and which is setting up headquarters in Redwood City, it raised $5M in a Series A led by Avalon Ventures, and which also included the Data Collective Fund. Avalon''s Rich Levandov was involved in the funding effort.

Avalon Ventures Backs LoopIt

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San Diego-based venture investment fund Avalon Ventures has made a seed investment in a developer of a social shopping service, LoopIt , according to the companies. Avalon's Rich Levandov was involved in the investment. loopit social shopping venture capital redstar

Avalon Ventures Spins Out New Company, Iron Horse Therapeutics

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San Diego-based venture investor Avalon Ventures , along with biopharmaceuticals firm GSK said this morning that the two companies are spinning out a new company, Iron Horse Therapeutics , backed by $10M in funding. The companies said that Iron Horse will also receive R&D support from Avalon and GSK (GlaxoSmithKline), as well as R&D and mentoring support from COI Pharmaceuticals.

Avalon Ventures Gets Commitments Of $103M In New, $300M Fund

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La Jolla-based venture capital investor Avalon Ventures has just received a $103M commitment to a new, $300M fund, according to a regulatory filing by the firm. Avalon invests in both life sciences and technology companies, and invests in seed an dearly stage companies. diego lifescience technology funding fund investment capital venture ventures avalon

Avalon Ventures Backs Indix For E-Commerce Product Data

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San Diego-based venture investor Avalon Ventures has re-upped its investment in product database provider Indix , as part of a $15M Series B funding. The funding round came from Nokia Growth Partners, Nexus Venture Partners and Avalon Ventures. Avalon was one of the lead investors in the last funding round for Indix, which is based Seattle and San Francisco. indix product information database venture capital ecommerce catalog avalon ventures

Avalon Ventures: Startups Get Milestone Payments, New Company Launched With GSK

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San Diego-based Avalon Ventures , and COI Pharmaceuticals , the company established by Avalon to help form new biotech companies, said today that the first two companies that it has formed with GlaxoSmithKline have met their first milestones, and that it has spun up a new company with GSK as part of their collaboration. That company is apparently the eigth company formed by Avalon and GSK.

Southern California Firms Get $587.0M In Venture Capital In Q2

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in venture capital investments in Q2 2013 across Southern California, spread across 80 deals. The report comes every quarter from PricewaterhouseCoopers LLP (PwC) and the National Venture Capital Association (NVCA), based on data provided by Thomson Reuters.

Avalon Ventures Closes $200M Fund

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San Diego-based Avalon Ventures , a venture capital firm focused on early stage high tech, digital media, and life sciences firms, said today that it has closed on $200M in capital commitments for its latest fund. Avalon said that the fund, Avalon Ventures IX, LP, is the ninth and largest fund for the company. Avalon is headed by Kevin Kinsella, Stephen Tomlin, Jay Lichter, Doug Down, Rich Levandov and Brady Borhmann.

Avalon Ventures, GlaxoSmithKline Team On Two New Startups

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San Diego-based venture capital investor Avalon Ventures and biopharmaceuticals firm GlaxoSmithKline said Monday that the two have teamed up to fund and launch up to 10, early stage life science companies. Both of those new drug discovery startups will be located in San Diego, at COI Pharmaceuticals, the biotech research facility recently established by Avalon Ventures. According to Avalon Ventures and GSK, they will provide up to $495M to fund those ten new companies.

Avalon Ventures Gets Exit At Cloudant

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San Diego-based venture investor Avalon Ventures has scored an exit this morning, after IBM said it has acquired Boston-based Cloudant , a developer of a NoSQL-based, cloud-based database. Cloudant had been backed by Avalon Ventures, Devonshire Investors, In-Q-Tel, Rackspace, Samsung, and Toba Capital, and had only raised around $14.0M cloudant venture capital merger acquisition exit cloud software nosql database

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Avalon Leads Investment In Standing Cloud

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San Diego-based venture capital firm Avalon Ventures has led an investment in a cloud computing company, Standing Cloud , based in Boulder, Colorado. According to Standing Cloud, it received a $3M, Series B financing from Avalon, which also included the firm's prior investor, The Foundry Group. Avalon's Rich Levandov joins Standing Cloud's board as part of the funding. application computing standingcloud cloud standing ventures avalon

Avalon Funds Internet Comedy Site Cheezburger

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San Diego-based venture capital firm Avalon Ventures has boosted an Internet web site publisher known for its humorous, captioned pictures of cats and use of Internet memes, Cheezburger. According to Cheezburger, Avalon was one of a number of venture firms investing in the company's $30M funding today, and has added Avalon partner Rich Levandov to its board of directors. Other investors in the company include Foundry Group, Madrona Ventures, and SoftBank Capital.

Clearstone Tops CalPERS IRR List

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CalPERS (the California Public Employees' Retirement System), one of the biggest limited partners in venture capital funds, has released its best and worst performing venture capital and private equity funds as of December 31st, showing that two Southern California venture funds were tops in terms of internal rates of return (IRR). Second on the returns list was Avalon Ventures VIII, L.P. investment calpers ventures capital venture avalon clearstone

StackIQ Raises $6M

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The new funding came from Grayhawk Capital, Keshif Ventures, DLA Piper, and OurCrowd, as well as Anthem Venture Partners and Avalon Ventures. stackiq venture capital automatoin software enterprise hadoop San Diego-based StackIQ , which develops IT automation tools for the enterprise, has raised $6M in a Series B funding round, according to the company.

Sidecar Finds $15M More To Expand Ridesharing Fight

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The company--which competes against such companies as Uber, Lyft, Flywheel, Taxi Magic, and others in region--said the funding came from Avalon Ventures, Union Square VEnturs, and new investor Sir Richard Branzon. Avalon Ventures is also based in San Diego. sidecar venture capital ridesharing uber lyft expansion mobile smarpthone

Southern California Startups Raise $761.12M in Q2 2014

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The latest venture capital totals from the PricewaterhouseCoopers/National Venture Capital Association''s MoneyTree Report was released this evening, tallying up $761.12M in investments in Q2 of 2014 in Southern California, up from Q2 of 2013, when $616.83M was invested in the region. finance investor 2014 tally investment survey nvca moneytree capital venture california southern

Dauntless Takes Flight with New Business Model for Starting Biotechs

Xconomy

Then came COI Pharmaceuticals , the shared “community of innovation” for startup biotechs established by San Diego’s Avalon Ventures as part of its partnership with GlaxoSmithKline. It’s a little like what Avalon is doing. We are taking capital as needed, not sooner.”.

Southern California Firms Raise $762.88M in Q1

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The latest numbers are out on venture capital investments in Southern California from PricewaterhouseCoopers and the National Venture Capital Association, finding that the region had nearly $762.88M invested in companies in the region during Q1 of 2014.

Fortis Therapeutics Raises $18M

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The funding was led by Avalon Ventures and also included Bregua Corporation, Lilly Asia Ventures, Osage University Partners, and Vivo Capital. avalon metastatic cancer drug oncology lifescience biotech capital venture therapeutics fortisSan Diego-based Fortis Therapeutics , a new biotech company in the immuno-oncology area, announced this morning that it has raised $18M in a Series A funding.

Report: Chumby Has Shut Down

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Chumby--which had been backed by JK&B Capital, Avalon Ventures, Masthead Venture Partners, and O'Reilly AlphaTech Venture--was known for its Linux-based, open platform which let users access Internet content and other services. San Diego-based Chumby , which had developed Internet-connected, alarm-clock like devices and similar technology, has shut down, according to a report Friday.

Cheezburger Deal Spawned Out Of LA's TwiistUp

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Along with Foundry, both Madrona Ventures and San Diego's Avalon Ventures were investors in the round. cheezburger venture capital twiistup lolcats investment conference

Venture Capitalists Invest $493.2M In Southern California In Q1

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The latest venture capital numbers from PricewaterhouseCoopers LLP (PwC) and the National Venture Capital Association (NVCA), based on data provided by Thomson Reuters, was released tonight, showing that Southern California had $493.2M Nationally, venture capital investment up slightly, at $5.9 venture capital southern california moneytree thomson angeles diego orange

Otonomy Ups Funding By $14.2M

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in a round led by Novo Ventures and RiverVest Venture Partners, and which also included Domain Associates, TPG Biotech, and Avalon Ventures. otonomy venture capital biotech lifescience medicalSan Diego-based Otonomy , a firm developing products to treat disorders of the inner and middle ear, looks to have pulled in $14.2M more in a tranched financing which was originally announced last August, according to a regulatory filing by the firm this week.

Amira Pharmaceuticals Acquired By Bristol-Myers Squibb

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Amira Pharmaceuticals was venture backed by Avalon Ventures, Novo A/S,Prospect Venture Partners, and Versant Ventures. The firm had raised somewhere around $40M in venture capital funding. San Diego-based Amira Pharmaceuticals , a developer of small molecule pharmaceuticals for treating inflammatory and fibrotic diseases, has agreed to be acquired by Bristol-Myers Squibb , the firms said late Thursday.

aFraxis Gets $750K

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Details on the funding have not been announced, however, the company is venture backed by Avalon Ventures. Avalon's Jay Lichter is listed as the firm's CEO. Tags: afraxis venture capital biotech lifescience autism avalon ventures San Diego-based aFraxis , a stealth-mode firm developing treatments for Fragile X Syndome and autism, has raised $750,000 in a funding round, according to a regulatory filing by the firm Tuesday.

Southern California Venture Investments See Big Drop In Q1

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Venture capital investments saw a sharp drop in Q1 in Southern California, according to the latest venture numbers from the MoneyTree report. The report, released by PricewaterhouseCoopers and the National Venture Capital Association over the weekend, tallied up $534.3M

Plug and Play San Diego Finds Home in New Downtown Works Space

Xconomy

I have a vast network of friends in San Diego and Mexico City who are serial investors,” said Cohen, who is a principal at Walket Capital and affiliated with LM Advisors, a San Diego investment firm with over $1.3

Southern California Bucks VC Trend, As Firms Raise $924.13M In Q1

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The latest numbers from the MoneyTree Report from PricewaterhouseCoopers, The National Venture Capital Association, and Thomson Reuters have tallied up just under a billion dollars in venture capital investments in the Southern California region in Q1 of this year, a very significant uptick from Q2 of 2011. Southern California's investment totals bucked a downward national trend in venture capital investing.

Synthorx Raises $10M to Expand Use of Synthetic DNA in Biologics

Xconomy

Synthorx, the San Diego synthetic biology startup that expanded the number of DNA base pairs with two synthetic nucleotides, said today it has raised $10 million in a Series B financing round led by RA Capital Management, the Boston life sciences hedge fund.

Awarepoint Raises $14M More

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based private healthcare investment firm, and also included Kleiner Perkins Caufield & Byers, Cardinal Partners , Venrock, Jafco Ventures, Avalon Ventures , New Leaf Venture Partners and Top Tier Capital Partners. systems rfid tracking rtls lifescience healthcare capital venture awarepoint