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Clearstone's Sumant Mandal On Exits, Opportunities

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Over the last few months, Santa Monica-based Clearstone Ventures (www.clearstone.com) has had a number of high profile exits in its portfolio. Markets are getting better, these companies are going to be worth more twelve months from now, and let's try to take these out now. You should build your company.

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Hopscotch Raises $5M In Series B

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Los Angeles-based Hopscotch , the developer of a mobile app platform used heavily by colleges, sports teams, live events, and venues, has raised $5M in a Series B funding, the company announced on Wednesday. The funding also included Mosaik Partners and Albrecka LLC. READ MORE>>.

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Sixgill Snag $27.9M

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Santa Monica-based Sixgill , a developer of Internet-of-Things, sensor software, has raised $27.9M in a Series B funding round, the company said last week. The funding was led by DRW Venture Capital, and also included Mobile Financial Partners. The company has now raised a total of $33.90M.

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March Capital Partners Backs Appcito

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Santa Monica-based venture capital investor March Capital Partners --the new investment firm led by longtime Southern California venture capital veterans Jim Armstrong, Sumant Mandal, Gregory Milken, and Jamie Montgomery--has made an investment in cloud application infrastructure developer Appcito. READ MORE>>.

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Sixgill Raises $6M For Proximity Sensing

socalTECH

Santa Monica-based Sixgill , a developer of location awareness software aimed at the enterprise market, has raised $6M in a funding round, the company said this morning. The funding was led by an affiliate of DRW Ventures, and also included Mobile Financial Partners. Sixgill is led by CEO Phil Ressler. READ MORE>>.

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Rubicon Project Hails Growth, New Customers

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Los Angeles-based Rubicon Project says today that it is one of the "fastest growing ad technology companies in history". Rubicon is venture backed by Clearstone Venture Partners, IDG Ventures, Mayfield, News Corp., Peacock Equity Fund, Stanford University, and the University of California Berkeley. READ MORE>>.

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Six Degree Games Raises $4.0M

socalTECH

Marina Del Rey-based Six Degree Games , the developer of online virtual worlds for children, has raised another $4.0M in funding, according to a regulatory filing from the firm late Friday. No details on the funding have yet been announced by the company, which is run by Minard Hamilton. READ MORE>>.