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Monrovia, California-based prepaid card provider Green Dot has acquired the reloadable prepaid card business of GE Capital , which are marketed under the Walmart brand, the firm said today. The companies said they expect the deal to close in the second half of the year. Financial terms of the acquisition were not announced.
Monrovia, California-based Prolacta Bioscience , the venture backed firm developing human milk fortifiers for premature infants, announced this morning that it will be donating funds to the Susan G. Komen for the Cure as part of its milk donation program.
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
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 ). READ MORE>>.
Monrovia, California-based AeroVironment said on Wednesday that it is in a joint venture to develop a solar powered, high-altitude, long-endurance unmanned aircraft system, potentially worth up to $65,011,081. The joint venture is with HAPSMobile , which is 95 percent owned by Japanese technology giant SoftBank Corp. READ MORE>>.
Monrovia-based Soliant Energy , a developer of solar concentrators, is opening up its new pilot production plant in Monrovia today, saying that the plant will produce up to 1 megawatt of solar panels annually. The firm is having a ribbon cutting on the plant this morning with Congressman David Dreier. 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. Green Dot is venture backed by Sequoia Capital, TTP Fund, as well as a significant number of Tech Coast Angels.
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 Prolacta Bioscience , the venture-backed provider of human milk-based fortifiers for premature infants, said today that it has inked a deal with the National Milk Bank , where the firm will process all of the milk through the bank for conversion into human milk formulations. READ MORE>>.
in a funding round from Sequoia Capital, the company said Thursday. The Bay Area startup said the funding was led by Sequoia Capital, and also included Harrison Metal, Baseline Ventures, Collaborative Fund, Kapor Capital, along with angels. good eggs venture capital grocery local delivery sustainable farmer' READ MORE>>.
Monrovia, California-based Prolacta Bioscience , the venture-backed company which is turning donated breast milk into human milk fortifier for premature babies, reported this week that it has donated more than $1M to various charitable organizations over the past five years. READ MORE>>.
Forbes Magazine has just published its annual Midas List , its annual ranking of the top 100 venture capitalists, and -- despite a record number of IPOs and exits last year from southern California technology companies -- Southern California's venture capital community was shut out of the list entirely.
Monrovia-based Soliant Energy , a developer of concentrated solar energy systems, announced this morning that it has added Ben Jamison as the firm's new Vice President of Marketing. Soliant is venture backed by Convexa Capital, GE Energy, Nth Power, Rincon Venture Partners, Rockport Capital Partners, and Trinity Ventures.
Monrovia-based Ondax , a manufacturer of volume holographic grating filters and lasers, said Tuesday that it has officially closed its $2.2M, Series E funding round. The round was led by Prospector Equity Capital and Arcturus Capital, and also included the Pasadena Angels and Tech Coast Angels.
Monrovia-based Soliant Energy , which develops concentrating photovoltaic solar energy systems, said today that the firm's flagship product, the SE-500X, has received UL listing from Underwriters Laboratories. READ MORE>>.
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.
Monrovia-based Soliant Energy , a developer of solar concentrators targeted at the commercial market, announced today that it has named a new CEO and Chairman, Dr. Terry Bailey. Soliant is venture backed by GE, Nth Power, Convexa, Rockport Capital, Trinity Ventures, and Rincon Venture Partners. Bailey replaces Marco DeMiroz.
Monrovia-based Soliant , the developer of concentrating photovoltaic solar panels, reported an install in Chatsworth today, saying it has installed its systems on the roof of MBK Tape Solutions, a firm which fabricates adhesive tape and flexible materials. Soliant said the system generates 10kW of grid-connected electricity. READ MORE>>.
Steve Streit , the founder of Monrovia, California-based Green Dot , which provides prepaid debit cards and other products, has been tapped for a national award recognizing entrepreneurs. Green Dot was backed by Sequoia Capital and the Tech Coast Angels, and has been the best return, ever, for the Tech Coast Angels. READ MORE>>.
Monrovia-based AeroVironment released a response Wednesday to activist investor Engaged Capital , which has taken a 5 percent stake in the maker of unmanned aerial vehicles and electric charging stations. Engaged Capital is an investor based in Newport Beach. READ MORE>>.
Monrovia-based Soliant Energy , a developer of concentrating photovoltaic solar energy systems, announced today that it has completed its first installation in Portugal. Soliant is venture backed by Convexa Capital, GE Energy, Nth Power, Rincon Venture Partners, Rockport Capital Partners, and Trinity Ventures. READ MORE>>.
Monrovia-based Green Dot , the provider of prepaid debit cards, priced its IPO at $36.00 The firm is backed by Sequoia Capital, the Tech Coast Angels, TTP Fund, and the Tech Coast Angels. per share Wednesday evening, above its initial expected IPO range of $32.00 The IPO is being underwritten by J.P. and UBS Securities.
Wave Crest looks to be in the same, prepaid payment card sector as Monrovia-based Green Dot, which is expected to hit the public markets very soon in its IPO. Tags: wave credit finance venture capital prepaid debit card.
Monrovia-based Ondax , a manufacturer of holographic filters and semiconductor lasers for the industrial, defense, scientific and medical markets, announced this week that it has named Randy Heyler as its President and CEO. ONDAX is backed by Arcturus Capital, Prospector Equity Capital, and others.
Monrovia-based Green Dot , the provider of prepaid credit cards which hit the markets this morning in its IPO, is up in early trading this morning on the NYSE. The firm is backed by Sequoia Capital, the Tech Coast Angels, TTP Fund, and the Tech Coast Angels. The firm, which debuted at GDOT this morning, was up as high as $44.83
Monrovia, California-based Green Dot , the provider of prepaid debit cards run by Steve Streit, reported in an updated S-1 filing with the SEC this week that it has issued 2,208,552 shares of its Class A stock to Walmart, as part of a renewed distribution deal with the retail giant signed in May. on operating revenues of $92.8M READ MORE>>.
In what seems like almost weekly news now about a Southern California firm gearing up for the public markets, Monrovia-based Green Dot is expected to hit the markets sometime this week. Green Dot is backed by Sequoia Capital, TTP Fund, and the Tech Coast Angels. and $35.00 per share, and will list on the NYSE at GDOT. and $35.00
The firm--which invests in seed and early stage venture capital--said that it has promoted Russ Lebovitz, Ph.D., DFJ Mercury , one of the affiliate venture firms of Draper Fisher Jurvetson, said Tuesday that it has promoted a venture partner who will be splitting his time between La Jolla and Houston, its headquarters. READ MORE>>.
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-based Covisus, a developer of supply chain tracking products, said this week that it has raised a Series A funding. The funding came from Hale Capital Partners. Size of the funding was not announced.
Monrovia-based prepaid card provider Green Dot was being battered in the markets this morning, after Walmart and American Express announced a deal to create a new, prepaid card called Bluebird. Walmart and Amex said the new, reloadable prepaid card will have no monthly, annual, or overdraft fees and be distributed via Walmart's stores.
According to the Tech Coast Angels, the Angel Capital Enterpreneurial Fund (ACE) 1 will give private and institutional investors access to investments that would otherwise only be available to experienced angel investor. Tags: tech coast angels fund angel venture capital investment.
Monrovia, California-based SiLC Technologies, a developer of machine vision tools, says it has raised $17M in a Series A funding round. The funding was led by Alter Venture Partners and Dell Technologies Capital and also included Fluxunit -- OSRAM Ventures, Sony Innovation Fund by IGV, Epson, UMC Capital, Yamato Holdings and Global Brain.
Monrovia, California-based Prolatca Bioscience , which supplies human milk-based fortifiers for premature infants, said today that it has closed a Series D funding round. The round came from Health Evolution Partners.
Monrovia, California-based Soliant Energy has scored $21M in a venture capital round, including a $2.5M According to GE, it is investing as part of a round which also includes Convexa Capital and earlier investors RockPort Capital Partners, Nth Power, Trinity Ventures and Rincon Venture Partners.
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, 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. The company's investors include Breyer Capital, Union Square Ventures, Coatue Management, Entree, Goodwater and Valar Venture Partners. READ MORE>>.
The first human powered aircraft , the Gossamer Albatross, designed by Paul MacCready (founder of Monrovia-based Aerovironment). million in venture capital into one of the biggest semiconductor companies in the world. The Mars Rovers were designed and are controlled from the Jet Propulsion Laboratory in La Canada Flintridge.
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.
Monrovia, California-based VivoAquatics , a provider of water management services for hotels, resorts, and waterparks, has raised $8M in a funding round, according to a regulatory filing by the company this week. Details of the funding had not yet been announced by the company.
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