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Clearstone Backs Openbucks

socalTECH

Santa Monica-based venture capital firm Clearstone Ventures is backing a Bay Area gift card-based, payment network, Openbucks , as part of a Series A funding for Openbucks. in a Series A for the company, which allows users to trade in gift cards from a number of retailers to pay for merchandise and services online.

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Clearstone Portfolio Firm Meru Networks Files for IPO

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A portfolio firm of Santa Monica-based Clearstone Ventures , Meru Networks , filed for an IPO late Friday night, saying it is looking to go public on the NYSE. Clearstone's William Quigley sits on Meru's board of directors. Meru develops enterprise wireless LAN networking products. The Silicon Valley firm, which is 21.0%

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Sixgill Snag $27.9M

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in a Series B funding round, the company said last week. Sensor is led by longtime tech veteran Phil Ressler, who previously has served at Bottlenose, Lumenz Networks, MyGreenlight, Big Stage Entertainment, Clearstone Venture Partners, and many other companies. The company has now raised a total of $33.90M.

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LeisureLink Acquired By VacationRoost

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LeisureLink was venture backed by Clearstone Venture Partners and Mission Ventures, and also had received a strategic investment from Wyndham Worldwide. The company was led by Tom Lamb. Clearstone''s Jim Armstrong joins VacationRoost''s Board of Directors as part of the deal.

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Viewing Technology Companies Through a New Lens

SoCal Tech Calendar

Tuesday, January 17, 2012 -- Viewing Technology Companies Through a New Lens: The 2012 Outlook. This forum provides a great opportunity to network and share ideas with other industry leaders. Please join J.H. Wharton is a Partner at Stubbs, Alderton and Markiles; Steven J.

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March Capital Partners Launches $240M Venture Fund

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Armstrong and Mandal previously led Clearstone Venture Partners and idealab Capital Partners, Montgomery was the founder and CEO of Montgomery & Co., March Capital Partners' founders have previously invested in such companies as PayPal, The Rubicon Project, Internet Brands and CrowdStrike.

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LA's Blockchain Moguls Flock To Puerto Rico

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There are enough companies in the Blockchain space in Los Angeles that some have mulled giving the area a new moniker, "Blockchain Beach. Another local, early LA Bitcoin proponent, BitAngels' Michael Terpin also has a residence in Puerto Rico.