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San Diego-based venture investor Avalon Ventures has backed a developer of video advertising products, Selectable Media , to the tune of $2M. Selectable Media, which is based in New York, lets users opt into branded video advertising in exchange for free access to content on web and mobile apps. READ MORE>>.
San Diego-based Avalon Ventures , a venture capital firm focused on early stage high tech, digital media, and life sciences firms, said today that it has closed on $200M in capital commitments for its latest fund. Avalon said that the fund, Avalon Ventures IX, LP, is the ninth and largest fund for the company.
Selectable Media , a digital advertising firm which lets users unlock digital content in exchange for interacting with brand advertising, said today that it has expanded to Los Angeles, as part of a growth in its footprint. The expansion came alongside the opening of a new office in Chicago. READ MORE>>.
According to QNX, which supplies its operating systems, middleware, development tools, and more to firms such as Cisco, Daimler, General Electric, Lockheed Martin, and Siemens, QNX's automotive platform--the QNX CAR Application Platform--now supports Chumby's rich media Internet content.
According to ScoreStream, the round also included Avalon Ventures, Sinclair Broadcasting, R/GA and Verizon Ventures. ScoreStream said the funds go towards new product enhancement and extension of its platform. Oien is a serial entrepreneur and previously headed up Chumby. READ MORE>>.
The category of perennial interest in Southern California, Media and Entertainment, only saw $55.3M In terms of industries, Biotechnology led the investments with $207M invested in the category, followed by Industrial/Energy, with $155.27M, then Medical Devices, with $133.59M in funding. Of those, only Versant is based here in the area.
The most active Southern California-based venture capital investors for Q1 were Correlation Ventures (10 investments); Upfront Ventures (9 deals); and Avalon Ventures (5 deals); Frost Data Capital invested in 4 companies during the quarter. in investments in companies considered Media and Entertainment compnaies.
In the world of sports, getting high school sports scores have always been an issue for local media, such as newspapers and television stations. After Chumby, I was EIR for Avalon Ventures, and was looking at a couple of different opportunities, ranging from 3D printing, to Machine-to-Machine communications, medical IT, and sports there.
In the world of sports, getting high school sports scores have always been an issue for local media, such as newspapers and television stations. After Chumby, I was EIR for Avalon Ventures, and was looking at a couple of different opportunities, ranging from 3D printing, to Machine-to-Machine communications, medical IT, and sports there.
According to Chumby, its players can now tune into personalized radio stations from Pandora, including use for its alarm clock function, and will also provide updates on bands from Rollingstone.com, content from UsMagazine.com, and music videos from Avot Media. Business details behind the additional functionality were not disclosed.
Also participating in the funding was Avalon Ventures, New Enterprise Associates, and angels, including Kevin Plank (Under Armour) and Paul Palmieri (Millennial Media). The startup--led by technology startup vet Derrick Oien--said the funding was led by Sinclair Digital Ventures, a division of Sinclair Broadcast Group.
Chip maker Broadcom said that it is integrating Chumby's rich media Internet platform into a system-on-a-chip for digital television and set-top boxes. Chumby is venture backed by Avalon Ventures, JK&B Capital, Masthead Venture Partners, and O'Reilly AlphaTech Ventures.
ScoreStream, a five-year-old startup that created a social media platform for crowd-sourcing local sports scores, has raised $3.7 CEO Derrick Oien said Friday that ScoreStream recently completed a Verizon R/GA digital “Media Tech. million in a Series A round that includes Intel Capital as an investor.
Most sectors saw drops in investment during the year, with the exception of few--including a couple of sectors where Southern California has a significant presence, in Clean Technology and Media & Entertainment. Media & Entertainment also saw an increase, up 3 percent to $2.0 billion in 277 deals. billion and 407 deals in 2008.
2) “The second piece is the transformation of marketing thanks to the digital media companies. At the time, the Camry was a staple car, so he worked to create the Sienna mini-van and Avalon luxury sedan off the Camry platform. It’s about meeting your friends, connecting to each other, interacting.”
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