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Santa Monica-based venturecapital firm ClearstoneVentures 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 Shaw Group, Tenaya Capital, and CID Group.
Santa Monica-based venturecapital investor ClearstoneVentures 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 ClearstoneVenture Partners has upped its investment in Mumbai, India-based Games2Win , an online developer of casual and other games. According to Games2Win, it has raised $6M in a Series B financing roudn, which also included SVB India Capital Partners. READ MORE>>.
Santa Monica-based venturecapital firm ClearstoneVentures 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.
Santa Monica-based ClearstoneVentures has had another exit in its portfolio, this time with the acquisition of Cetas , a developer of cloud data analytics software, by VMware. Cetas was incubated in Clearstone's Palo Alto offices by Sudhakar Muddu, a Ph.D. Financial terms of the acquisition were not disclosed.
-Money to be used for hiring and additional product development. Current round: $20.0mm Series-B led by Andreesen Horowitz, with USV and O’Reilly AlphaTech Ventures. A social analytics platform for Facebook app developers and publishers that provides detailed demographic and engagement data. Competitors: Gowalla. Kontagent. -A
Santa Monica-based Playsino , the developer of social casino games, said Friday that it has released the first two games under its Publishing Network effort. The new games are Five-O Poker, developed by Israel-based Chiki Gaming, and Yalla Tarneed, a Middle Eastern card game developed by Yallah Games. READ MORE>>.
Over the last few months, Santa Monica-based ClearstoneVentures (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. Sumant Mandal: First of all, you know our heritage is as an incubator. READ MORE>>.
Playsino develops social, casino games which run on Facebook, and is venture backed by IDM VentureCapital, Eric Schmidt (Google), Michael Robertson (MP3.com), com), Carlos Bhola (Vonage), Kamran Pouzanjani (PriceGrabber), and William Quigley and Jim Armstrong (ClearstoneVenture Partners).
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. READ MORE>>.
Santa Monica-based venturecapital investor March Capital Partners --the new investment firm led by longtime Southern California venturecapital veterans Jim Armstrong, Sumant Mandal, Gregory Milken, and Jamie Montgomery--has made an investment in cloud application infrastructure developer Appcito.
A quick analysis by socalTECH of our tracking of venturecapital deals in Southern California finds that there was around $879M in venture funding activity here in Q3. The biggest are for venture activity in the quarter was Biopharmaceuticals, which was $299.13M of the quarterly total.
Irvine-based Integrien , a developer of enterprise, IT monitoring software, has raised $6.5M The firm, which has previously raised funding from ClearstoneVentures and the Acartha Group, continues to have Clearstone's Jim Armstrong and Acartha's Ameet Patel listed as board members.
Irvine-based Integrien , a developer of performance analytics software, said today that it has raised another $8.0M According to the firm, the round was led by ClearstoneVenture Partners, and also included Acartha Group and Mariner CapitalVentures. in a new funding round. READ MORE>>.
Marina Del Rey-based Six Degree Games , the developer of online virtual worlds, recently raised $4.0M Six Degree Games is the developer of the virtual world Action AllStars. The firm's prior backers were Time Warner, ClearstoneVenture Partners, and Prism VentureWorks; it's unclear who backed the firm in the latest funding.
Santa Monica-based Sixgill , a developer of Internet-of-Things, sensor software, has raised $27.9M The funding was led by DRW VentureCapital, and also included Mobile Financial Partners. in a Series B funding round, the company said last week. Sixgill was formerly known as Zos Communications.
Marina Del Rey-based Six Degree Games , the developer of online virtual worlds for children, has raised another $4.0M The firm has previously raised funding from ClearstoneVenture Partners, Prism VentureWorks, and Time Warner. in funding, according to a regulatory filing from the firm late Friday.
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 ClearstoneVentures. Rahul Sonnad: Geodelic develops a system that lets you publish location-based information.
venture funding and business deals, technology develops, and more from Santa Barbara. It's the source for keeping a pulse on the dynamic world of technology, reaching venture capitalists, angel investors, entrepreneurs, CEOs, social media. experts, developers, and many, many others. Venturecapital for innovators.
The firm said the round was led by Intel Capital, and also included Tomorrow Ventures, William Quigley and Jim Armstrong of ClearstoneVentures, Kamran Pourzanjani of PriceGrabber, and MP3.com com founder Michael Robertson.
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 ClearstoneVentures--who is now CEO of BigStage.
Silicon Valley-based entrepreneur and VC, Karl Mehta has launched Code For India (CFI) to empower the country’s citizens to actively participate in improving their communities. The transformative power of technology will aid India — and other developing countries facing similar problems,” Mehta added. Student performance.
A few months ago, Peter Lee --a venture local capitalist who has served at firms such as Prism Ventures and ClearstoneVentures Partners--joined a relatively unknown venture firm here in Southern California, Baroda Ventures (www.barodaventures.com). where do you see the VC industry here now?
What's your thoughts on the local venture market? We have a regional focus here, and the market is underserved in venturecapital, yet it's the second largest metropolis and DMA in the country. My competition is not Rustic Canyon, it's not Clearstone, or the other venture firms in town. Why do I say that?
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. There simply are NOT enough venturecapital firms in the Southern California. Opportunity #3 – There is Plenty of Capital for Great Team/Products.
The "best of show" prize went to Magnify360, which develops software for optimizing content and web sites for specific users. Magnify360 was voted the best investment opportunity by both venture capitalist audience members and panelists. READ MORE>>
Speakers listed: Brock Pierce – Digital currency pioneer investing in Bitcoin, games, and online gambling businesses; Clearstone Global Gaming Fund. Peter Csathy – CEO Manatt Digital Media Ventures, accomplished media and digital media entrepreneur. Summary of Topics. Peter Csathy jumps in to answer questions about content.
We saw that the company was starting to have some potential to take venturecapital, and got a little more involved, recognizing the need to step up management. The board asked me to jump in, and I did, working with Ted Alexander and Jim Armstrong, of Mission Ventures and ClearstoneVentures, respectively.
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.
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.
Three full time developers and no marketing spend. One of the founders wrote a Python script that sent out custom emails to a list they had developed. ProNoise (People’s Republic of Noise) built their indie music site (launching soon) with 3 developers, and will launch a less than two months after joining StartEngine.
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