Rubicon Project's Big Winners: Clearstone, News Corp., Mayfield

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Who were the biggest winners in the successful IPO of Santa Monica-based Rubicon Project ? per share in trading Monday), the biggest winner from the IPO last week was venture capital fund Clearstone Venture Partners , whose stake in Rubicon Project was worth around $121M today; other winners were News Corporation ($91.5M); Mayfield Fund ($79.29M); as well as Rubicon Project CEO and Founder Frank Addante, whose stake in Rubicon Project is now worth a healthy, $58.98M.

Clearstone Backs CupidsPlay.com

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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. cupidsplay clearstone venture capital funding online gaming content videogame social gamesFinancial details of the investment were not disclosed. CupidsPlay is based in Bellevue, Washington. READ MORE>>.

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Clearstone Portfolio Firm Cetas Acquired By VMware

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Santa Monica-based Clearstone Ventures 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.

Clearstone Gets Exit At Apture

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Santa Monica-based venture capital firm Clearstone Ventures has scored an acquisition in its portfolio today, with the acquisition of Apture by Google. Apture had been backed by Clearstone Venture Partners, Beau Vrolyk, Paul Maritz, and Steve Taylor. Clearstone was involved in Apture's Series A in March of 2009. apture google merger acquisition software browsing clearstone venture capital exit

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. The round was led by Yahoo co-founder Jerry Yang , and also included Terry Semel , Greycroft Partners , BV Capital, Morado Ventures, Novel TMT Ventures, Inspiration Ventures , CrunchFund, SV Angel and TiE Angels, along with the involvement of Clearstone Ventures.

Tech Investor Pierce Makes Offer For Mt. Gox

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BitAngels angel investment group focused on Bitcoin; is a backer of Santa Monica-based GoCoin; and has investments in such companies as Playsino and Xfire, in addition to being involved with the Clearstone Global Gaming Fund. 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.

Clearstone Ventures Into Apture

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Santa Monica-based Clearstone Venture Partners is the lead investor in a Northern California firm focused on the blogging and publishing industry, Apture. Apture said this morning that Clearstone was the lead investor in a $4.1M, Series A investment in the firm, which develops tools which allows publishers to add multimedia to their articles and web pages. David Stern and Sumant Mandal of Clearstone have joined Apture's board along with the funding.

Clearstone Gets Another Win With Ankeena

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Santa Monica-based Clearstone Ventures appears to be on an exit roll this month, with the acquisition Thursday of Ankeena Networks , a supplier of software for content delivery networks. Juniper Networks said Thursday that it would pay something less than $100M for Ankeena, which was incubated by Clearstone Ventures, and also had gained funding from Trinity Ventures and the Mayfield Fund. Clearstone's Sumant Mandal sits on Ankeena's board of directors.

Clearstone I Tops CalPERS Fund Performance

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Santa Monica-based venture capital firm Clearstone Venture Partners currently tops the list for the best performing fund within CalPERS private equity funds, according to recently released figures from CalPERS. According to the numbers, Clearstone Venture Partners 1-B, which was raised in 1999, has returned CalPERS so far 154.7 It's unclear how a number of successful exits in Clearstone's portfolio since March 31st have impacted its fund I and II results.

Clearstone Gets Big Win With Meru

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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 Clearstone's Bill Quigley represents the venture capital firm on Meru's board of directors. Tags: clearstone venture capital ventures william quigley bill meru networks

Playsino Releases First Two Network Titles

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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.

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. Clearstone itself was an incubated entity, out of Idealab, it was Idealab Capital.

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. owned by Clearstone Ventures, said it would look to raise up to $86.25M in an IPO underwritten by BofA Merrill Lynch, Baird, Cowen and Company, JMP Securities LLC, and ThinkEquity LLC. Clearstone's William Quigley sits on Meru's board of directors.

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. Ressler was previously a venture investor at Clearstone Venture Partners.

Rubicon Project Surges In IPO

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Santa Monica-based The Rubicon Project , the online advertising technology and exchange operator founded by Frank Addante, surged in its IPO on Wednesday morning, trading up roughly 34% in morning trading. The IPO is a huge win for backers Clearstone Ventures, News Corp., It''s been a long road for Rubicon''s backers, who first invested in the company back in 2007, when Clearstone Ventures invested in Rubicon''s Series A funding. Clearstone owned about 24.0%

Los Angeles Startup Community

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Networking Events in Los Angeles and Southern California More Web Events in Los Angeles Technology Networking in the Greater Los Angeles area Technical Networking Groups and Meetups in Los Angeles SoCal Networking Event Organizations Los Angeles Tech 101 - Conferences and if you want to find informal networking, you might head over to CoLoft , in Santa Monica. I was just talking with someone who's new to Los Angeles and wanting to connect into the Los Angeles Startup Community.

BetterWorks Taps Nicole Jordan For Communications Head

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Santa Monica-based BetterWorks , the employee fringe benefits services provider headed by Paige Craig, has tapped LA technology advocate Nicole Jordan as its head of Communications. Jordan is well known for her work promoting the Los Angeles technology industry, and has previously served at such firms as Clearstone Venture Partners, Rubicon Project, ThisNext.com, and others.

Los Angeles Startup Community

SoCal CTO

Networking Events in Los Angeles and Southern California More Web Events in Los Angeles Technology Networking in the Greater Los Angeles area Technical Networking Groups and Meetups in Los Angeles SoCal Networking Event Organizations Los Angeles Tech 101 - Conferences and if you want to find informal networking, you might head over to CoLoft , in Santa Monica. I was just talking with someone who's new to Los Angeles and wanting to connect into the Los Angeles Startup Community.

March Capital Re-Ups On E8 Security

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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. security e8security venture capital cybersecurity sumant mandal clearstone marchcp march partners

Playsino Hits 1M Installs

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Santa Monica-based Playsino , which publishes social, free-to-play, casino games, has just passed the one million install mark, the firm announced today.

March Capital Partners Backs E8 Security

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Santa Monica-based March Capital Partners , the venture capital investment firm led by Jim Armstrong, Sumant Mandal, Gregory Milkin, and Jamie Montgomery, is the lead investor in a new cyber security startup, E8 Security. security march capital partners venture clearstone mandal cybersecurity cyberattack software

March Capital Partners Backs Appcito

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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. appcito venture capital cloud application infrastructure software saas subscription sumant mandal clearstone marchcapital march partners investment

Los Angeles Venture Investors Get Their Mojo Back

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For several years, the phrase "Los Angeles Venture Capitalist" had almost become an oxymoron. Local investments funds have had issues raising their new funds, and venture investors had started to hunker down with their portfolios, waiting for some sign of a thaw in the exit environment.

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. in funding from Clearstone Venture Partners and Shasta Ventures. Tags: clearstone capital venture tmobile application mobile geodelic

TechZulu Presents: The Annual Startup Forecast

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28 from 7pm-10pm in Santa Monica. 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.

Sixgill Snag $27.9M

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Santa Monica-based Sixgill , a developer of Internet-of-Things, sensor software, has raised $27.9M 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. 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.

The Challenges (& Opportunities) of Starting a Tech Company in LA

Jason Nazar

There’s Santa Monica, Westside, Hollywood, Downtown LA, the Valley, and Pasadena. I may be biased, but it really feels like downtown Santa Monica is becoming the tech hub of LA. I recently hosted a panel at the Twiistup Conference about LA tech companies.

TONIGHT: Brock Pierce & GoCoin Host Oakland Mayoral Candidate, Bryan Parker

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Tonight bitcoin evangelist Brock Pierce is introducing Oakland mayoral candidate Bryan Parker to the Los Angeles tech community during a fundraiser at the prestigious 41 Ocean Club in Santa Monica.

Crowdfunder Gets Broker-Dealer License

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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. Crowdfunder said the move will help create a "more seamless solution" for its customers. The company says it had over 500 companies on its platform in 2016 receive approximately $173M in total reservations for funding.

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.

Mobile Wallet Solution Kuapay Unveils New Interface & Features For User Security

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Also proud of the move, Bill Elkus, Founder and Managing Director of Clearstone Venture Partners said Kuapay’s patent-pending distributed encryption keys are a game changer in security.

ThisNext Gets $1.2M More

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Santa Monica-based ThisNext , which operates an online social shopping site and community, has raised another $1.2M No details on the funding have been announced by the firm, however, the filing indicates that Clearstone Ventures Suman Mandal and Anthem Ventures' Bill Woodward remain on the company's board. in venture funding, according to a regulatory filing from the firm Thursday.

Rubicon Project Up 33.60 Percent In IPO

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Santa Monica-based The Rubicon Project , which develops ad optimization technology and operates a related online advertising exchange, closed up 33.60% at $20.04 Rubicon was venture backed by Clearstone Ventures, News Corp., in its first day on the markets, after its debut as RUBI on the New York Stock Exchange. and Mayfield.