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Avalon Ventures Backs LoopIt

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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.

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Nerio Therapeutics Finds $3.0M

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

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ScoreStream Nabs $2M For Local Sports Crowdsourcing

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The startup--led by technology startup vet Derrick Oien--said the funding was led by Sinclair Digital Ventures, a division of Sinclair Broadcast Group. Also participating in the funding was Avalon Ventures, New Enterprise Associates, and angels, including Kevin Plank (Under Armour) and Paul Palmieri (Millennial Media).

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