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Avalon Ventures Backs Averon

socalTECH

La Jolla-based Avalon Ventures is the lead investor in the Series A round for Averon , a developer of mobile identity verification software this week. Avalon's Rich Levandov and Brady Borhmann both join Averon's board with the funding round. Averon, which is based in San Francisco, said it has raised $8.3M in a Series A funding.

Avalon 100
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Chumby Targets Digital Photo Frames

socalTECH

San Diego-based Chumby, which makes Internet-connected devices, has rolled out a new reference design that incorporates the firm's software to create Internet-connected digital photo frames. Chumby is venture backed by Avalon Ventures, JK&B Capital, Masthead Venture Partners, and O'Reilly AlphaTech Ventures.

Avalon 100
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Broadcom, Chumby Link On Set Top Box Effort

socalTECH

Chumby develops a Linux-based software set and hardware which allows users to pull Internet content--including news, weather, social networking pages, videos, and more--onto a alarm-clock like, Wi-Fi connected device. Financial terms of the deal between the two companies were not announced.

Avalon 100
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Plug and Play San Diego Finds Home in New Downtown Works Space

Xconomy

With over 15,000 square-feet of space, the facility has room for dozens of startup teams, and already houses Industry, a Web-based professional networking and job market for the hospitality industry, and the San Diego office of OurCrowd, the Israeli crowdfunding platform. The other partners are Edward Adato and Daniel Schwarzblat.). “I