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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. Avalon's Rich Levandov was involved in the investment. LoopIt is based in Cambridge, Mass.,

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Avalon Ventures Backs TwinStrata

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La Jolla-based venture capital investor Avalon Ventures is the lead in a round for cloud data storage firm TwinStrata , TwinStrata said today. TwinStrata, which is based in Masachusetts, said that Avalon lead its Series B funding round, which was worth $8M. Avalon's investment in TwinStrata was headed by Rich Levandov.

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Core Innovation Capital Sets Up Shop In LA

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According to Core Innovation Capital , it has moved its offices to Los Angeles from New York City, to be closer to potential investments in its focus area of funding companies serving underbanked consumers in America. core innovation capital venture investment fund' The firm''s efforts here are headed by Arjun Schutte.

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Awarepoint Raises $14M More

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The firm said the round was led by Heritage Healthcare Innovation Fund (HHIF),a limited partnership operated by Heritage Group, a Nashville, Tenn.-based of the new investment round, which the company said will go to expand its services, client management, and manufacturing capabilities. HHIF contributed $7.5M READ MORE>>.

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SoCal Venture Deals Up In Q2

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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 in 91 investments, up significantly from the $451.8M

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Interview with Michael Aleles, Quippi

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We sell those gift cards in the United States, providing consumer immigrants with an alternative to the traditional, money transfer services. Can you talk more about the money transfer service problem and why people would want to buy gift cards for Mexican brands here? Our approach, was to build services which didn''t charge any fee.

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Southern California Venture Totals Drop in Q4

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billion was invested in 3,808 deals in the fourth quarter of 2008. The report, based on data from Thomson Reuters, found that 2008 investments declined by 8 percent in terms of dollars, and 4 percent in terms of deal volume, with fourth quarter results seeing a 26 percent drop to $5.4 billion in 818 deals, down from $7.3 in 10 deals.