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Avalon Ventures Backs LoopIt

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San Diego-based venture investment fund Avalon Ventures has made a seed investment in a developer of a social shopping service, LoopIt , according to the companies. Avalon's Rich Levandov was involved in the investment. Size of the funding was not announced. LoopIt is based in Cambridge, Mass.,

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Avalon Ventures Backs TwinStrata

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La Jolla-based venture capital investor Avalon Ventures is the lead in a round for cloud data storage firm TwinStrata , TwinStrata said today. TwinStrata, which is based in Masachusetts, said that Avalon lead its Series B funding round, which was worth $8M. Avalon's investment in TwinStrata was headed by Rich Levandov.

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Quippi Expands Partner List In Mexico

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The startup--which is backed by Avalon Ventures--operates a financial service which lets consumers in the U.S. Quippi said its use of gift cards to offer fee-free alternatives to those money transfer services. San Diego-based Quippi said this week that it has expanded its list of partners in Mexico. READ MORE>>.

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Quippi Raises $2M For International Money Transfers

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The funding came from Avalon Ventures. Quippi operates a service--aimed at the Mexican market--which allows people in the U.S. La Jolla-based Quippi , which sells a gift card aimed at international money transfers, has raised $2M in a funding, the company disclosed today.

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Report: Chumby Has Shut Down

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Chumby--which had been backed by JK&B Capital, Avalon Ventures, Masthead Venture Partners, and O'Reilly AlphaTech Venture--was known for its Linux-based, open platform which let users access Internet content and other services. The firm had raised on the order of $25M in funding for its efforts.

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Core Innovation Capital Sets Up Shop In LA

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The firm recently made an investment in TIO Networks, a bill payment company based in Vancouver, BC, as part of an acquisition of bill payment services provider Globex Financial Services. The fund has not yet announced local investments, but has been actively talking to companies fitting its investment profile.

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Awarepoint Raises $14M More

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-based private healthcare investment firm, and also included Kleiner Perkins Caufield & Byers, Cardinal Partners , Venrock, Jafco Ventures, Avalon Ventures , New Leaf Venture Partners and Top Tier Capital Partners. HHIF contributed $7.5M HHIF will add a representative to Awarepoint's board with the funding.

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