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The acquisition looks to be a great one for EcoATM''s investors, which also included Claremont Creek Ventures, Tao VentureCapital Partners, and Jens Molbak. Tao VentureCapital Partners is the investment firm led by Tom Clancy, who had formerly been at Enterprise Venture Partners.
The firm was part of the EvoNexus incubator, and is venture backed by Claremont Creek Ventures, Coinstar, and Tao VentureCapital Partners. EcoATM develops self serve kiosks which pay users cash when they trade in their electronic devices. READ MORE>>. ecoatm recycle electronics buyback kiosk phone recycling'
in funding in a combination of its Series A funding and venture debt. The funding came from Coinstar and Claremont Creek, along with venture debt from Silicon Valley Bank.
The new funding came from Crosslink Capital and Redpoint Ventures, and also included angels Gil Penchina, Auren Hoffman (LiveRamp) and Justin Moore (Axcient). The company was founded by UCLA Andreson and USC Film School grads who had met as undergrads at Claremont McKenna. The company is now in San Francisco. READ MORE>>.
in venturecapital from Draper Fisher Jurvetson and Trinity Ventures; TargetCast is venture backed by Claremont Creek Ventures. Ripple Tv's former CEO, John McMenamin, has become Chief Revenue Officer at TargetCast network. Ripple had taken around $19.0M Ripple was formerly known as ActiveMaps. READ MORE>>.
The round came from Coinstar, PI Holdings, Moore Venture Partners, AKS Capital, Koh Boon Hwee, along with Claremont Creek Ventures and TAO Ventures. The new round brings the company's total raised to $31.40M. READ MORE>>.
Casting some additional light on the acquisition of El Segundo-based Ripple last week, acquiring firm TargetCast Networks revealed today that it has received a new round of venturecapital worth $6.5M from DFJ and its existing backer Claremont Creek Ventures, which the firm said would go towards expansion of its network.
EcoATM provide any details on the terms of the debt financing, but said it plans to use the new capital to roll out its kiosks nationwide. EcoATM's equity investors include Claremont Creek Ventures and Coinstar; the firm last announced funding back in May of last year, when it pulled in $17M in an equity funding.
Despite a growing technology industry here in Southern California, local investors and entrepreneurs tell us there''s still a shortage of local, venturecapital. Healthcare is a really obvious vertical, where there is data inefficiency and a tremendous amount of opportunity, but there''s also education, human capital and talent.
According to Wheelz, it has added the Claremont Colleges, Loyola marymount, Caltech, and Occidental to its list of local schools, which already includes USC and UCLA. Wheelz lets people offer up their cars for rent, via a special in-car box and integrated smartphone apps.
Claremont-based Synedgen , a biotechnology company developing wound care technology, said this morning that it has raised $2.6M in funding. Source of the funding was not announced. According to the company, the funding will go towards commercialization of two, U. Food and Drug Administration (FDA) 510(k)-cleared products for wound care.
Claremont-based Prisyna , a unit of Synedgen, said this morning that it has raised $6M in a growth equity investment, to help it advance its products. The funding came from Andrew Miller.
in venturecapital and publicly launched in May 2011. in Management from Claremont Graduate University (CGU). Currently an active angel investor (venturecapital) with over 20 investments in startup companies, Mr. Sudek sits on the Tech Coast Angels board of governors (the largest angel investment organization in the US).
The conference is run by Jamie Montgomery , one of the local industry's pioneers in venturecapital and investment. Jamie is currently also co-founder of March Capital Partners, in addition to running the summit. Some people don't sit and think about what they are trying to accomplish when they are raising capital.
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