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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. in a Series A for the company, which allows users to trade in gift cards from a number of retailers to pay for merchandise and services online.

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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. LivingSocial.

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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. BetterWorks develops software and services focused on delivering fringe benefits to employees.

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LeisureLink Raises $3.5M

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Pasadena-based LeisureLink , which operates an online marketplace and service for vacation rental booking, has raised $3.5M LeisureLink has previously raised funding from Clearstone Venture Partners, Group RCI, Kodiak Ventures LP, Mission Ventures, Pasadena Angels and the Tech Coast Angels. in a funding round.

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At The Pool Sets Launch

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At The Pool , the startup headed by Alex Capecelatro, is getting set for a big launch event Tuesday evening, as the firm launches its service to connect like-minded people in real life. At The Pool said it now has members in every major U.S. city, and in more than 50 countries outside the US.

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Rubicon Project: 270 Percent Year over Year Growth

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Los Angeles-based Rubicon Project , the online advertising optimization service firm headed by Frank Addante, is claiming this morning that the firm saw 270%, year over year growth in 2009. Rubicon Project's online advertising service helps publishers pick the best yielding ads from online ad networks. READ MORE>>.

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LeisureLink Gets $9M In Series C

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Pasadena-based LeisureLink , a provider of distribution services for specialty lodging and vacation rentals, announced today that it has raised $9M in a Series C funding round. The round came from current investors, including Clearstone Venture Partners, Mission Ventures, and Wyndham Exchange & Rentals.