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Pasadena Angels Back Scientific Equipment Startup

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The Pasadena Angels have backed developer of protein analysis equipment for the drug discovery and research market, investing $475,000 in a Series B for Wasatch Microfluidics , the group said this week. The investment by the Pasadena Angels was led by Dr.

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Making The Pasadena Angels Relevant To Today's Startups, With Terry Kay

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In a world with a rash of startup incubators and accelerators, super angels, crowdfunding sites, and more, what''s the relevance of organized angel investments groups? First off, for those not familiar with the Pasadena Angels, talk about the group? How about for angel investors, advice for them?

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Parchment Acquired By Brentwood Associates

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Parchment , a company which provided records management, transcripts, grades, and other information for the K-12 and other markets--and which has its roots in the LA area--has been acquired by Brentwood Associates. Financial terms of the acquisition were not announced.

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Ranker Takes $2M For Expansion Efforts

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Los Angeles-based Ranker , the online site which lets users rank, view, vote, and share their opinions on a wide range of topics, announced today that it has raised $2M in a follow on investment round. The company said the proceeds will go towards hiring, platform expansion, and marketing. READ MORE>>.

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MindBody Raises $50M

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In one of the largest rounds for a Central Coast company in recent years--and the largest venture investment in San Luis Obispo ever--cloud software maker MindBody has raised $50M in a funding round. Mindbody first raised funding back in 2009, when it gained backing from the Tech Coast Angels, Pasadena Angels, and other local angels.

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Ondax Raises $2M More

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Monrovia-based Ondax , a developer of optical filters and laser sources based on research out of the California Institute of Technology, has raised $2M in a Series E investment. According to the Pasadena Angels, one of the investors in the firm, the round also included the Tech Coast Angels and un-named venture capital firms.

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Mindbody Files For IPO

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San Luis Obispo-based Mindbody has filed for an IPO, saying in an SEC filing that it is looking to raise up to $100M on the public markets. The company's IPO is being underwritten by Morgan Stanley, Credit Suisse, UBS Investment Bank, Pacific Crest Securities, and JMP Securities. READ MORE>>.