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Steamboat Ventures Backs Elemental Technologies

socalTECH

Los Angeles-based Steamboat Ventures , the venture capital arm of the Walt Disney Company, has backed a firm developing massively parallel video processing technology, Elemental Technologies. According to Elemental, which is based in Portland, Steamboat was a new investor in its $7.5M, Series B funding round.

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Passenger Self-Service Community Software

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Los Angeles-based Passenger , a developer of software used by brands to run online communities for their customers, announced today that it has released a new version of its platform. According to the company, it has expanded its product to allow agencies to build and manage their own communities using its software. READ MORE>>.

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Steamboat Supports Baynote In Latest Round

socalTECH

Burbank-based Steamboat Ventures , the venture capital arm of the Walt Disney Company, has re-upped its investment in San Jose-based Baynote , a developer of personalization and marketing software for the enterprise market. Steamboat's Dan Beldy sites on the board of directors of Baynote.

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GameSalad Improves Support Tools

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Los Angeles-based and Austin-based GameSalad , which develops software to easily create iPhone and other iOS platform games, announced earlier this week that it has improved its overall communications and support tools for its users. GameSalad also has improved its contact forms and customer support and bug handling. READ MORE>>.

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This Week in Venture Capital – Episode 4

Both Sides of the Table

Blippy (and their competitor Swipely – which was founded by Angus Davis , who has a great track record from both Netscape and TellMe, both aim to capitalize on the era of consumers living more openly ala Twitter, Foursquare and Gowalla. Investors: August Capital (David Hornik) (lead) with existing investors Charles River Ventures.

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Gendai Games Raises Funding

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Los Angeles- and Austin-based Gendai Games , a publisher of iPhone game development software, has raised a round of funding, according to the firm. The round was led by DFJ Mercury, and also included investments from Steamboat Ventures, DFJ Frontier, and ff Asset Management. READ MORE>>.

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Passenger Wins Microsoft

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Los Angeles-based Passenger , which develops private, online communities for brands to help them gain insight into their customers, said today that Microsoft Corp. The firm is venture backed by Shelter Capital Partners, StarVest Partners, and Steamboat Ventures. READ MORE>>.