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However, two, Southern California firms drove the inclusion of two other, venture capital investors on the list--Miachel Moritz of Sequoia Capital (for his investment in Monrovia-based Green Dot ), and Byron Deeter of Bessemer Venture Partners (for his investment in Los Angeles-based Cornerstone OnDemand ).
Monrovia-based Green Dot , the provider of prepaid debit cards, has set pricing on its IPO, saying in a filing Friday that it estimates and initial public offering price of between $32.00 Green Dot filed for an IPO in February, and is backed by Sequoia Capital, TTP Fund, and the Tech Coast Angeles. and $35.00 READ MORE>>.
Monrovia-based Green Dot , a provider of pre-paid VISA and Mastercard cards, has filed for an IPO, saying this morning that it is looking to raise up to $150M in an IPO on the NYSE. Morgan, Morgan Stanley, Piper Jaffray, and UBS Investment Bank. The firm's IPO is being undewritten by J.P.
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.
Monrovia-based Green Dot , the provider of prepaid credit cards which hit the market today, closed up 22.2 The reception for Green Dot means that Steven Streit, Green Dot's CEO and founder, now owns a stake worth roughly $218M; Sequoia Capital, the firm's biggest investor, now has shares worth around $532M on the market.
The firm--which invests in seed and early stage venture capital--said that it has promoted Russ Lebovitz, Ph.D., The firm said Lebovitz will focus on investments in developing and originating science-based investment themes and startup opportunities.
Angel investing group the Tech Coast Angels has officially announced its new investment fund, the ACE Fund , as the group has begun to broaden out its investments strategy. The TCA said it will invest in a minimum of ten entrepreneurial enterprises.
It's unclear if or how any of Southern California's crop of alternative vehicle firms will be able to capitalize on the interest in electric vehicles, however, it's clear that Silicon Valley does not have a monopoly on firms looking to address the emerging electric and alternative car market.
Monrovia, California-based Green Dot , the prepaid card and mobile banking giant, is powering the new banking offerings for mobile investing and financial app startup Stash. Stash offers up a mobile app which lets users buy stocks starting as little as $5, with an aim of helping users become more familiar with investing.
Monrovia, California-based Soliant Energy has scored $21M in a venture capital round, including a $2.5M investment from GE Energy Financial Services, GE said Tuesday.
Monrovia-based biotechnology developer Xencor has launched a public offering of its common stock, with the aim of raising approximately $110M in funding, the company said on Wednesday. The company said the new funding will go towards working capital and general corporate purposes, including investing in its pipeline and lead compoound.
Monrovia-based biopharmaceuticals technology developer Xencor has received $120M in an upfront payment from Genentech this morning--and up to another $180M in development milestones--as part of a new deal to commercialize an immune activating cytokine based on Xencor's technology.
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