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Clearstone Backs Openbucks

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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. According to Openbucks, it has raised $4.8M

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This Week in VC with Jim Armstrong of Clearstone

Both Sides of the Table

Had a great chat with Jim Armstrong who is a General Partner at Clearstone Venture Partners today on TWiVC. Clearstone currently invests out of a $200 million fund based in LA with offices in Menlo Park and in India. Segment One: Jim’s background and Clearstone’s investment strategy. AppDynamics.

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Rexter Finds Funding To Help Professionals Manage Relationships

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A new, Altadena-based startup, Rexter , has scored some funding to help it build its software algorithms and tools to help manage a user's professional relationships. The company--co-founded by Andy Wilson (Momentum Venture Partners, Yahoo) and John Slade (Yahoo)--apparently recently raised a round which included Siemer Ventures.

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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. So we helped create them, with the founders. Clearstone itself was an incubated entity, out of Idealab, it was Idealab Capital. We were part of those companies before they were companies.

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Tech Investor Pierce Makes Offer For Mt. Gox

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According to a report , Brock--and his investment group, Sunlot--apparently are hoping to help stabilize the Bitcoin economy through its move. Brock Pierce , the Southern California technology investor and Bitcoin mogul, is leading a group of investors looking to take over failed Bitcoin exchange Mt. Gox -- in exchange for a single Bitcoin.

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Crowdfunder Gets Broker-Dealer License

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Crowdfunder said the move will help create a "more seamless solution" for its customers. Santa Monica-based equity crowdfunding site Crowdfunder is making it easier for it to work with investors, saying on Monday that it has just received its broker-dealer license to sell securities directly to accredited investors.

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March Capital Partners Backs Appcito

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Appcito is working on cloud-native, subscription software to help developers deliver cloud applications, improving performance, security, and end-user experience in those cloud applications. appcito venture capital cloud application infrastructure software saas subscription sumant mandal clearstone marchcapital march partners investment'

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