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Avalon Ventures Backs LoopIt

socalTECH

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. Size of the funding was not announced. and is a spinout of Redstar Ventures, a venture incubator firm in Cambridge. LoopIt is based in Cambridge, Mass.,

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Nerio Therapeutics Finds $3.0M

socalTECH

La Jolla-based Nerio Therapeutics , a new, stealth-mode company in the life sciences sector, has raised $3.0M in funding--in what looks to be an ongoing $5.7M funding raising effort. The funding was disclosed in a regulatory filing. READ MORE>>.

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

Xconomy

[ Note: The headline has been corrected to better describe the company’s type of funding. Fortis Therapeutics, a new San Diego biotech, has raised $18 million in initial funding to develop drugs for hard-to-treat prostate and bone marrow cancers. 9/27/16, 2:09 p.m. Bregua Corp.,

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

Xconomy

Plug and Play San Diego, established in 2013 as a satellite of the Sunnyvale, CA-based incubator, has funneled 15 local startups through the Silicon Valley program after providing some coaching and other services in San Diego. We would like to launch an accelerator based here, and bring in additional resources from the Bay Area.”.