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Avalon Funds Internet Comedy Site Cheezburger

socalTECH

San Diego-based venture capital firm Avalon Ventures has boosted an Internet web site publisher known for its humorous, captioned pictures of cats and use of Internet memes, Cheezburger. Avalon's Levandov is also on the board and led the venture firm's investment in hot Internet social gaming firm Zynga.

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Intel Deepens Move into Sports Tech with SportStream Investment

Xconomy

According to a recent ScoreStream statement , San Diego’s Avalon Ventures, a longtime ScoreStream investor, led the round, and was joined by Sinclair Broadcasting, Verizon Ventures, and R/GA Ventures, the investment arm of the advertising agency R/GA. million in a Series A round that includes Intel Capital as an investor.

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Cheezburger Deal Spawned Out Of LA's TwiistUp

socalTECH

The $30M funding deal for Seattle's Cheezburger , the web publisher best known for its LOLcats-themed I Can Has Cheezburger? and FAIL Blog web sites, apparently was spawned out of an introduction at last year's Twiistup technology conference, according to investor the Foundry Group. READ MORE>>.

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Plug and Play San Diego Finds Home in New Downtown Works Space

Xconomy

Alex Roudi, the San Diego investor backing the Plug and Play program here, has described the local effort as a bridge to Silicon Valley, by enabling the San Diego companies to make connections and raise funding in the Bay Area. billion under management. Cohen described Downtown Works as a “hyper-connector.”. Downtown Works Interior.