socalTECH

MARCH 29, 2021

San Diego-based Fortis Therapeutics, a biotechnology startup developing treatments for late-stage prostate cancer and multiple myeloma, has raised $40M in a Series A financing, the company said on Monday.

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socalTECH

NOVEMBER 22, 2013

San Diego-based Avalon Ventures announced this morning that it has launched a new company, Sitari Pharmaceuticals , with $10M in a Series A financing. READ MORE>>. disease celiac lifescience biotech capital venture glaxosmithkline pharmaceuticals sitary ventures avalong'

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socalTECH

AUGUST 19, 2019

San Diego-based ScoreStream , which provides crowdsourced, local sports scores, photos, videos, and more for high school football and other teams, is connecting with Amazon Alexa, the company said on Friday. ScoreStream is led by CEO and co-founder Derrick Oien, and previously has raised venture funding from Intel Capital and Avalon Ventures.

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socalTECH

JULY 17, 2014

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. Nationally, there was $13.0

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Xconomy

SEPTEMBER 11, 2019

GlaxoSmithKline is acquiring a startup it helped launch in 2013 as part of an alliance with life sciences venture capital firm Avalon Ventures. Avalon said Tuesday that GSK (NYSE: GSK ) has agreed to buy the company, Sitari Pharmaceuticals, which has been developing a treatment for celiac disease.

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socalTECH

SEPTEMBER 27, 2016

San 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. The funding was led by Avalon Ventures and also included Bregua Corporation, Lilly Asia Ventures, Osage University Partners, and Vivo Capital.

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socalTECH

SEPTEMBER 11, 2012

MOGL offers up cash back payments for users who register their credit cards and visit participating restaurants. The startup, headed by Jon Carder, provides a 10% cash back to members who register their credit or debit cards with the company, and visit participating restaurants. READ MORE>>.

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socalTECH

MAY 9, 2014

The startup--which is backed by Avalon Ventures--operates a financial service which lets consumers in the U.S. The company says it has raised over $3M in venture funding in total so far. San Diego-based Quippi said this week that it has expanded its list of partners in Mexico. READ MORE>>.

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socalTECH

JANUARY 30, 2014

La Jolla-based Quippi , which sells a gift card aimed at international money transfers, has raised $2M in a funding, the company disclosed today. The funding came from Avalon Ventures. Quippi''s business looks similar to remittance and gift card startup Ayannah, which offers similar gift card purchases in the Phillipines.

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socalTECH

JUNE 23, 2015

La Jolla-based Ankasa Regenerative Therapeutics , a company developing stem-cell based products aimed at organ and tissue regrowth, repair, and healing, has raised $8.5M in a Series A funding, the company said this morning. The funding was led by Avalon Ventures, and also included Hereaus Medical and Correlation Ventures.

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socalTECH

DECEMBER 4, 2015

The funding was led by Avalon Ventures and TPG Biotech, and also included Correlation Ventures and Osage University Partners. The startup said it is developing novel drugs based on the anti-cancer activity of metformin and designed to reduce cancer energy production to treat a range of cancer types.

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socalTECH

JULY 16, 2013

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. The fund has not yet announced local investments, but has been actively talking to companies fitting its investment profile. READ MORE>>.

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Xconomy

AUGUST 17, 2016

and San Diego’s Avalon Ventures. Inbio Ventures, a venture capital management company, represented Pharmstandard in the deal. Avelas plans to use the new funding to advance development of AVB-620, the company’s lead diagnostic agent, for use in breast cancer surgeries, CEO Carmine Stengone told me yesterday.

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socalTECH

APRIL 24, 2015

We caught up with serial entrepreneur Derrick Oien , who is CEO of the company, to learn more. Tell us a little bit about this new startup? Derrick Oien: We started ScoreStream three years ago. It's actually nice that there is a shortage of capital for sports startups. I was at MP3.com, com, and then Intercasting.

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Media Startup Avalon Social Media 100

socalTECH

APRIL 24, 2015

We caught up with serial entrepreneur Derrick Oien , who is CEO of the company, to learn more. Tell us a little bit about this new startup? Derrick Oien: We started Sportstream three years ago. It's actually nice that there is a shortage of capital for sports startups. I was at MP3.com, com, and then Intercasting.

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Media Startup Avalon Social Media 100

socalTECH

MAY 27, 2014

Southern California in recent years has become a hotbed of financial startups, and for years has been a destination for companies looking also to address companies across the border in Mexico and Latin America. One of the startups here at the intersection of both, is San Diego''s Quippi (www.quippi.com). partner.

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Xconomy

JULY 10, 2016

Larry’s diagnosis was cancer with a big C: “I have stage 4 pancreatic cancer and have been on chemo since June with some ups and downs,” he wrote in mid-March. He found he didn’t enjoy being a traditional VC gatekeeper who said “yes” or “no” to startup pitches, according to his wife, Diane. “He He had great fun doing his companies.

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Xconomy

JULY 20, 2016

First came Inception Sciences , a holding company for spinning out biotech startups established by Versant Ventures and Peppi Prasit, the veteran San Diego drug developer. It’s a little like what Avalon is doing. But so far, the company has actually drawn only $3 million last year and $4 million earlier this year.

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socalTECH

JANUARY 19, 2012

The amount is up from $528.0M raised in Q4 of 2010, and up from the $652M invested in the region last quarter. Orange County--boosted in a large part by a funding for Fisker Automotive--racked up $242.45M in funding. Los Angeles had $226.75M invested in companies. in venture funding.

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Xconomy

SEPTEMBER 30, 2016

Who will break free of the pack of companies developing drugs meant to prevent migraines? —Shares of New York-based Intra-Cellular Therapies (NASDAQ: ITCI ) plummeted almost 70 percent after its experimental schizophrenia drug came up short in the second of two Phase 3 trials. Phase 3 trials should start next year.

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Xconomy

OCTOBER 30, 2016

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.”.

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Xconomy

FEBRUARY 26, 2020

About three years ago fledgling San Diego-based startup PvP Biologics announced a $35 million deal with Takeda Pharmaceutical that gave the Japan pharma giant rights to acquire the company down the line. That day is here.

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Xconomy

JULY 19, 2016

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. Existing investors Avalon Ventures and Correlation Ventures joined in the round.

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Xconomy

JUNE 6, 2018

Awarepoint, the San Diego healthtech startup that specialized in real-time location systems for tracking medical equipment and people in hospitals and clinics, has gone 404. That’s the error code message that comes up for a website that no longer exists. CEO Tim Roche did.

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Tech Zulu Event

DECEMBER 6, 2013

It’s something of a sci-fi fantasy scenario: Driverless cars that show up at the touch of a button. Auto-interfaces are clunky, and when a lot of these big tech companies IPO’d, a lot of them developed products that were endemic to the car industry – navigation, social graphs, etc.

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Xconomy

NOVEMBER 14, 2018

Synthetic biology company Synthorx is laying plans for an initial public offering to raise money to advance its suite of enhanced cytokine drugs. The company has applied for a listing on the Nasdaq exchange under the stock. It has now set a preliminary $100 million IPO target in documents filed with securities regulators Tuesday.

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socalTECH

SEPTEMBER 19, 2008

We seem to receive lots of pitches from companies looking to attack the mobile market with their mobile software applications, but few who have deployed on-deck with carriers. in funding from Venrock, Avalon, and Masthead. So do these show up as your brand or as an OEM deal with the carriers? Intercasting is backed by $17.5M

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Xconomy

APRIL 30, 2018

Synthorx said its improved version of interleukin-2, known as Synthorin IL-2, is at the vanguard in a portfolio of enhanced cytokines the company plans to advance with $63 million in a Series C financing round disclosed today.

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socalTECH

JULY 15, 2010

Investments by venture capitalists in Southern California were up, both in terms of deals and dollars in Q2, according to the latest numbers from PricewaterhouseCoopers and the National Venture Capital Association (NVCA). in 91 investments, up significantly from the $451.8M Both LA and OC were both up in terms of deals and dollars.

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