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Venture Capital Totals $603.2M In Southern California In Q3

socalTECH

Venture capital investments in Southern California for Q3 of 2011 are up from last year, but down from last quarter, according to the latest numbers from PricewaterhouseCoopers and the National Venture Capital Association based on data provided by Thomson Reuters. The latest MoneyTree report from the three find that $603.2M

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Spotlight Sees Growth At New HQ

socalTECH

Spotlight , the venture backed provider of software-as-a-service for managing sports and entertainment tickets, said this week that it has moved from Woodland Hills to Calabasas, in expectation of growth in its staffing. from Point Judith Capital--said its new space is more than 60 percent larger than its previous headquarters.

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Music Mastermind Gains $10.8M

socalTECH

Calabasas-based Music Mastermind , which is developing a music creation platform, said Monday that it has raised $10.8M The round came from Intel Capital and Liberty Global, along with angel investors. in a Series B funding round. Intel and Liberty contributed $6.8M to the Series B, with the remainder coming from the angels.

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Music Mastermind Nabs $11.3M As It Launches Music Creation App

socalTECH

Calabasas-based Music Mastermind , the interactive entertainment firm headed by Matt Serletic, has raised $11.3M, as it has inked a deal with mobile games publisher Chillingo to publish a new music creation game called Zya. Music Mastermind said the funding came from Intel Capital and Liberty Global. READ MORE>>.

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The State of the Capital Markets

SoCal Tech Calendar

Wednesday, January 4, 2012 -- The State of the Capital Markets. What does all this mean mean for the state of the capital markets? The economy remains weak, the national debt is growing rapidly, corporate profits are at all-time highs, and private equity firms have nearly $1 trillion in purchasing power. See [link] (more)

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Malauzai Software Gets $6.5M More For Banking Apps

socalTECH

The funding came from Wellington Capital Management. Malauzai is based in Austin, Texas, but has links to Los Angeles via its executive team, many of whom had worked at Calabasas-based Digital Insight before it was acquired by Intuit. in a Series C funding ronud. READ MORE>>.

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National Technical Systems Acquired By Private Equity Firm

socalTECH

Calabasas-based National Technical Systems , a provider of testing laboratories, certification services, and related services, is now officially a private company, after the acquisition of the company by Los Angeles private equity company Aurora Capital Group. per share in cash, taking the Calabasas firm off the Nasdaq on Friday.

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