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Avalon Ventures Gets Commitments Of $103M In New, $300M Fund

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La Jolla-based venture capital investor Avalon Ventures has just received a $103M commitment to a new, $300M fund, according to a regulatory filing by the firm. The filing indicates that, so far, the fund has 26 investors in the first sale.

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StackIQ Raises $6M

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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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Selectable Media Expands To LA

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Selectable Media said it hired a Western Sales Director, Pete Riherd, based here in LA; Riherd was previously at Entertainment Weekly. 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. READ MORE>>.

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Interview with Derrick Oien, Intercasting

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in funding from Venrock, Avalon, and Masthead. It's along sales cycle, but the beauty is that when you're done, you've got client software which a consumer can use, specialized for their device, and able to do cools things, things that you couldn't do if you didn't work directly with the carrier. So we sell into the carriers.