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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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Sixgill Snag $27.9M

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

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Geodelic Updates Mobile App

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Santa Monica-based Geodelic , a developer of location-based mobile networking software, told its users Wednesday that it has released version 2.0 of its Sherpa mobile software. Tags: geodelic location mobile networking software. READ MORE>>.

Mobile 133
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Geodelic Ships Application With T-Mobile

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Santa Monica-based Geodelic announced today that the firm is shipping a new application for local discovery, along with T-Mobile USA. According to the venture backed firm, the new software for T-Mobile's myTouch 3G, learns a user's favorite locations and helps them find local retailers, restaurants, and attractions.

Mobile 100
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March Capital Partners Launches $240M Venture Fund

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Santa Monica-based March Capital Partners , the venture capital investment firm founded by venture investment veterans Jim Armstrong, Sumant Mandal, Gregory Milken and Jamie Montgomery, said this morning that it has had a final close on its first fund, at $240M.

Capital 172
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Sixgill Raises $6M For Proximity Sensing

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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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Geodelic Raises $7M

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Santa Monica-based Geodelic , the location-based mobile phone applications firm headed by ukelele-strumming Rahul Sonnad, has raised $7M, the firm said today. The funding came from MK Capital, Clearstone Ventures, and Shasta Ventures. Tags: geodelic venture capital mobile phone. READ MORE>>.