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Sidecar Finds $15M More To Expand Ridesharing Fight

socalTECH

It looks like the peer-to-peer marketplace for rides in Los Angeles is about to get a lot hotter, as one of the companies competing in the market-- Sidecar said this morning that it has raised $15M more in funding. Avalon Ventures is also based in San Diego. Avalon Ventures is also based in San Diego.

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StackIQ Raises $6M

socalTECH

San Diego-based StackIQ , which develops IT automation tools for the enterprise, has raised $6M in a Series B funding round, according to the company. The new funding came from Grayhawk Capital, Keshif Ventures, DLA Piper, and OurCrowd, as well as Anthem Venture Partners and Avalon Ventures.

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Core Innovation Capital Sets Up Shop In LA

socalTECH

In the latest positive move for the Los Angeles venture capital market, a new investor has moved into town, to take advantage of the area''s growing startup market. The fund has not yet announced local investments, but has been actively talking to companies fitting its investment profile. READ MORE>>.

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AnaptysBio Gets $17M in Licensing Deal

socalTECH

According to AnaptysBio, it will receive an upfront license fee of $17M from TESARO, plus receive funding of costs incurred in related development programs, as part of an antibody program. AnapytsBio is venture backed by Alloy Ventures, Avalon Ventures, Frazier Healthcare Ventures and Novo A/S. READ MORE>>.

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Selectable Media Expands To LA

socalTECH

The company also said it has added Dan Feldstein as its Director of Marketing. 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. The company did not say how many people it plans to hire in LA.

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Southern California Venture Investments See Big Drop In Q1

socalTECH

Venture capital investments saw a sharp drop in Q1 in Southern California, according to the latest venture numbers from the MoneyTree report. The report, released by PricewaterhouseCoopers and the National Venture Capital Association over the weekend, tallied up $534.3M billion in 863 deals. San Diego had $178.3M

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An Homage to Larry Bock, Who Had God’s Hand on His Shoulder

Xconomy

Bock, who died last Wednesday at 56, was a life sciences entrepreneur and investor who helped start or finance dozens of companies that have a combined market value estimated today at roughly $70 billion. After completing his MBA in 1985, Bock joined a now-defunct venture firm in Costa Mesa, CA. They had a lot of fun.”.