article thumbnail

Avalon Ventures Closes $200M Fund

socalTECH

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 140
article thumbnail

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

socalTECH

The biggest deal for the quarter was for Venice-based photo messaging app developer Snapchat , which raised a huge, $60M funding round in the quarter. That was a slight overlap to the most investments in Southern California, which were made by Siemer Ventures (9 deals), Tech Coast Angels (6 deals), and Greycroft Partners (4 deals).