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Santa Monica-based venture capital firm Clearstone Ventures was among the big winners Wednesday in the IPO debut of Sunnyvale-based Meru Networks , a developer of virtual wireless LAN products. Clearstone was the biggest shareholder in Meru before the IPO, with 20.9 to $15.00, and closing at $19.17 for the day--up 27.8%.
Santa Monica-based Clearstone Venture Partners has upped its investment in Mumbai, India-based Games2Win , an online developer of casual and other games. Rajan Mehra of Clearstone Ventures joins the board of directors of Games2Win along with the funding. Games2Win raised $5M in its Series A back in March of 2007.
Santa Monica-based venture capital investor Clearstone Ventures has re-upped in a developer of biometric identity verification technology. The firm said the funding will go towards product development, sales and marketing. READ MORE>>.
Santa Monica-based venture capital firm Clearstone Ventures has backed a developer of an online social dating and games firm, CupidsPlay. CupidsPlay said it received seed funding from Clearstone. Financial details of the investment were not disclosed. CupidsPlay is based in Bellevue, Washington. READ MORE>>.
Santa Monica-based Clearstone Venture Partners is the lead investor in a Northern California firm focused on the blogging and publishing industry, Apture. David Stern and Sumant Mandal of Clearstone have joined Apture's board along with the funding.
Over the last few months, Santa Monica-based Clearstone Ventures (www.clearstone.com) has had a number of high profile exits in its portfolio. Clearstone itself was an incubated entity, out of Idealab, it was Idealab Capital. So it sounds like you're much more likely to incubate a firm that fund someone coming in off the street?
Los Angeles-based Titan Gaming is announcing this morning that it has scored $1M in an angel funding round, from notable local angel investors. According to Titan, it is focused on developing a "complete" gaming platform for skill-based matchmaking, tournaments and points or cash competitions.
Rubicon develops a cloud-based platform which enables real-time buying and selling of advertising for web publishers; the firm''s automated systems help optimize the amount of revenue earned by advertisers, by soliciting up real-time-bids for which advertisements which are presented on a web page. The company was founded in 2007. READ MORE>>.
The firm develops its report from tracking a group of twenty premium websites it manages through its REVV Marketplace. Rubicon is venture backed by Clearstone Venture Partners, Mayfield Fund, IDG Ventures and GE/NBC Universal's Peacock Equity Fund. READ MORE>>.
Santa Monica-based Geodelic , the location-based mobile application development firm run by Rahul Sonnad, confirmed its relationship with Verizon last week. Verizon has been an investor in the firm since June, and Geodelic has been developing applications with Verizon over the last year.
Marina Del Rey-based Six Degree Games , the developer of online virtual worlds, recently raised $4.0M in new funding, according to regulatory and other sources. Six Degree Games is the developer of the virtual world Action AllStars. Details on the fundraising round--which closed in Q2--have not been announced. READ MORE>>.
Irvine-based Integrien , a developer of enterprise, IT monitoring software, has raised $6.5M in a funding round, part of an ongoing $7.475M fundraising effort, according to a recent regulatory filing by the company. Details on the funding have not been announced by the company.
Christensen to lead business development, and named Michael Steuer as Vice President of product Development. Titan is backed by $1M in funding from William Quigley and Jim Armstrong of Clearstone Ventures; Brock Pierce; MP3.com's Christensen was most recently at Sony Entertainment Online, and has served at Affinity Media.
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>>.
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>>.
Irvine-based Integrien , a developer of performance analytics software, said today that it has raised another $8.0M in a new funding round. According to the firm, the round was led by Clearstone Venture Partners, and also included Acartha Group and Mariner Capital Ventures.
Los Angeles-based Rubicon Project , the online advertising optimization firm backed by Clearstone, Mayfield, IDG, and Peacock Equity Fund, announced this morning that it has acquired SiteScout , a Seattle-based firm providing malware security technology. Financial terms of the buy were not announced. READ MORE>>.
Los Angeles-based Rubicon Project , the developer of online advertising optimization tools funded by Clearstone Venture Partners, Mayfield Fund, IDG Ventures and Peacock Equity Fund, said today that it has rolled out a new product called REVV for demand.
Los Angeles-based the Rubicon Project , the online ad optimization service for online publishers, said today that it has named Jay Sears as SVP Marketplace Development, and Jeremy Fain as Vice President Client Services. Sears was most recently at PulsePoint, and Fain was at CBS Interactive. READ MORE>>.
Rubicon develops online advertising optimization software and related services, and is backed by Clearstone Venture Partners, Mayfield Fund, IDG Ventures and the Peacock Equity Fund. Matza was most recently VP of Product Management at Experian, and also has served at Yahoo, Q Interactive/CoolSavings, and AdForce.
Geodelic is developing location-aware applications for providing information on smart phones, and is venture backed by Clearstone Venture Partners and Shasta Ventures. Geodelic quietly raised a Series A funding for the firm earlier this year. Financial details on the deal were not disclosed. READ MORE>>.
Los Angeles-based Xfire , the online community and chat service for gamers, announced Thursday that it has raised $4M in a new funding round. The firm said the round was led by Intel Capital, and also included Tomorrow Ventures, William Quigley and Jim Armstrong of Clearstone Ventures, Kamran Pourzanjani of PriceGrabber, and MP3.com
Rubicon--which appointed a International VP just last month and said it would be setting up shop in London--said that it has recruited Justin Thomas as Director of UK Publisher Development for the new office. Thomas was most recenlty at Xelector, and has also served at AOL Europe, and has a degree from UCSB.
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>>.
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. Sixgill was formerly known as Zos Communications.
We caught Rahul in a more serious conversation, and spoke to him about his venture funded, location-based information startup and what it's up to, as well as got the story behind the firm's incubation at Clearstone Ventures. Rahul Sonnad: Geodelic develops a system that lets you publish location-based information.
A quick analysis by socalTECH of our tracking of venture capital deals in Southern California finds that there was around $879M in venture funding activity here in Q3. Numbers from those firms will differ--sometimes drastically--due to sources of information, timing of funding events, and classification of data.
venture funding and business deals, technology develops, and more from Santa Barbara. experts, developers, and many, many others. Thanks this week to our sponsors and advertisers, which include Clearstone. Clearstone Ventures (www.clearstone.com). Funding great entrepreneurs. to San Diego. learn more.
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>>.
The investment included $5M in equity funding from Clearstone Venture Partners, Mayfield Fund, and IDG Ventures Asia, and also included $8M in debt from Silicon Valley Bank. According to Rubicon, the follow on funding round brings its total raised to $33M.
But more importantly we talked in the video about fund raising and how Scott has become so efficient at it. Money to be used for hiring and additional product development. A social analytics platform for Facebook app developers and publishers that provides detailed demographic and engagement data. Competitors: Gowalla.
Los Angeles-based Rubicon Project, which develops online advertising optimization software, announced this morning that it has hired on two executives to the firm. Rubicon Project develops technology used to optimize advertising revenues for web publishers. READ MORE>>
Los Angeles-based Rubicon Project , the venture funded online advertising effort run by Frank Addante, is reporting this morning that advertising CPMs were flat in Q4, even as the firm said it had an 30 percent growth in revenue across its publishers. READ MORE>>.
Themed “Think Local, Hack Global”, Code For India is based in Mountain View, CA and Bangalore, India and expects to inspire millions of techies to volunteer their time and talent to give back to their communities and to the developing world. Student performance. CFI is off the ground and into action already. Over 20 years of experience.
Pasadena-based BigStage (www.bigstage.com) is one of those rare companies that has taken technology developed from university research, and is now bringing that technology to the commercial market. We spoke with Phil Ressler--a former venture capitalist from Clearstone Ventures--who is now CEO of BigStage.
Santa Monica-based venture investor March Capital Partners has re-upped on one of its portfolio companies, Redwood City-based E8 Security , which develops software used to analyze cybersecurity threats. in funding. E8 Security has now raised $21.8M March Capital Partners made its first investment in E8 back in March of 2015.
GRP has just recently closed on a new $200M fund, and Mark has been one of the more active venture capitalists in the Los Angeles area in recent months. In 2000, we set up our second fund--worth almost $400M--and for that vintage year, that fund is one of the top tier performing funds in the entire country.
He is currently a Managing Director of the Clearstone Global Gaming Fund and sits on the boards of IMI Exchange, Xfire, Playsino, ExpressCoin, GoCoin, FGL, Spicy Horse Games, KnCMiner.cn, Robocoin China and the Mastercoin Foundation. Brock Pierce is a 10x entrepreneur best known for pioneering the market for digital currency.
funding round for the firm's travel booking service. We caught up with Eric Hovanec, the firm's CEO, and Steve Reich, the firm's SVP of Sales, to hear more about the funding. What will the funding be used for? Eric Hovanec: Web developers, operations folks, and we have openings in sales and account management.
A few months ago, Peter Lee --a venture local capitalist who has served at firms such as Prism Ventures and Clearstone Ventures Partners--joined a relatively unknown venture firm here in Southern California, Baroda Ventures (www.barodaventures.com). He made a lot of money from those deals, so in 1999 he set up Baroda Ventures.
Speakers listed: Brock Pierce – Digital currency pioneer investing in Bitcoin, games, and online gambling businesses; Clearstone Global Gaming Fund. Before we continue any further, we’d like to formally thank our amazing speakers for taking the time to share their thoughts.
In the bay area it’s quite common for the entrepreneurs starting a company to be developers or technologists who can build the first versions of their products. If you’re complaining that its too hard to raise money as the founder of an LA tech company, stop bitching about a lack of funds and focus on being a bigger badass.
Rubicon also said it has promoted founder Craig Roah to President, Josh Wexler to Senior Vice President Market Development, and Seizo Welch as SVP Finance. Rubicon Project is headed by Frank Addante, and develops ad optimization technology for web publishers, helping them to pick the best ad networks to optimize revenue on their web site.
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