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Selectable Media Expands To LA

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Selectable Media said it hired a Western Sales Director, Pete Riherd, based here in LA; Riherd was previously at Entertainment Weekly. Selectable Media is venture backed by Microsoft's Bing Fund, and also scored a round last October from Avalon Ventures, the San Diego venture capital firm.

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Southern California Firms Raise $762.88M in Q1

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The most active Southern California-based venture capital investors for Q1 were Correlation Ventures (10 investments); Upfront Ventures (9 deals); and Avalon Ventures (5 deals); Frost Data Capital invested in 4 companies during the quarter. Despite its reputation as an entertainment center, Southern California actually only saw around $57.4M

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Southern California Firms Raise $738M In Q4 2011

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The category of perennial interest in Southern California, Media and Entertainment, only saw $55.3M In terms of industries, Biotechnology led the investments with $207M invested in the category, followed by Industrial/Energy, with $155.27M, then Medical Devices, with $133.59M in funding. Of those, only Versant is based here in the area.

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Southern California Venture Totals Drop in Q4

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Most sectors saw drops in investment during the year, with the exception of few--including a couple of sectors where Southern California has a significant presence, in Clean Technology and Media & Entertainment. Media & Entertainment also saw an increase, up 3 percent to $2.0 billion in 277 deals. billion and 407 deals in 2008.