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Former Oversee Founder Lawrence Ng Links Up With Metamorphic Ventures

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Lawrence Ng , the former founder of Oversee.net--who is now running an asset management company called LNG Management--has linked up with New York City-based venture capital firm Metamorphic Ventures. According to LNG Management, Ng has become an advisory board member for Metamorphic Ventures.

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17 Media Raises $10M For Photo, Video Streaming App For Celebs

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Los Angeles- and Taipei, Taiwan-based 17 Media announced Thursday that it has raised $10M in a Series A funding, for the company's video and photo streaming app specifically aimed at entertainers, celebrities, and influencers.

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Flowspace Finds $12M For On Demand Warehousing

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Culver City-based Flowspace , a provider of "on-demand" warehousing and fulfillment services to businesses, has raised $12M in a Series A funding round, the company announced this morning. According to Flowspace, the round was led by Canvas Ventures, and also included Moment Ventures, 1984 Ventures and Y Combinator.

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SocialAnnex Backed By Who's Who Of SoCal Angels

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Los Angeles-based SocialAnnex , a startup helping online retailers to use social media to spur sales, has scored a round of funding from a who's who of Southern California technology angels, the firm said Tuesday. Lee of Legalzoom.com and ShoeDazzle, Jody Mulkey of Shopzilla, and Lawrence Ng of Oversee.net have all invested in the site.