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EcoATM Nabs $40M In Funding, Plans Major Expansion

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EcoATM , the developer of those automated machines which lets you cash in your used phones, has some big plans--and some big money--as it plans to expand out its network of machines nationwide. EcoATM announced late Wednesday afternoon that it has raised $40M in a mezzanine debt funding round, from Falcon Investment Advisors.

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Ripple Acquirer Raises Funds

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Casting some additional light on the acquisition of El Segundo-based Ripple last week, acquiring firm TargetCast Networks revealed today that it has received a new round of venture capital worth $6.5M from DFJ and its existing backer Claremont Creek Ventures, which the firm said would go towards expansion of its network.

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How TenOneTen Ventures Is Investing In LA's Technology Future

socalTECH

In particular, funding for companies developing deep technology--software and cloud, as opposed to content and media--seems to be lacking. How did the new fund come about? There''s Caltech, the Claremont Colleges, Harvey Mudd, UCLA. Do you have institutional LPs in your fund, or is this your personal capital? READ MORE>>.

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