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Avalon Ventures Backs Selectable Media

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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>>.

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Avalon Ventures Closes $200M Fund

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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.

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Selectable Media Expands To LA

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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>>.

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Chumby Deploys With Automotive Electronics Firm QNX

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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.

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ScoreStream Adds New Funding From Intel Capital

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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>>.

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Southern California Firms Raise $738M In Q4 2011

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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.

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Southern California Firms Raise $762.88M in Q1

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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.