Trending Sources

The Bouqs Company Finds $12M For Flower Delivery

socalTECH

Venice, California-based The Bouqs Company , the direct, cut-to-order flower delivery provider led by John Tabis, is announcing today that it has raised $12M in a Series B funding. The funding brings the company's total raised to $20M. The Bouqs said the funding came from Quest Venture Partners, Azure Capital Partners and KEC Ventures, along with Enspire Capital and Draper Associates.

Behind the Scenes: Troy Carter’s SMASHD LABS with Suzy Ryoo

LATechDigest

Up to seven companies will be selected for this year’s program, which launches right after Labor Day, and wraps in the middle of November. Each mentor spoke for nearly an hour to the entire group, answered questions, and sat with each company for one-on-one mentoring.

500 Startups Presents Bitcoinference

Tech Zulu Event

The transaction is considered the largest public acquisition in Bitcoin history with both companies exhibiting impressive growth numbers since their respective beginnings. What is it Like to Raise Money for Bitcoin Companies? Adam Draper – Of Boost VC, an SF Incubator/Accelerator.

Siemer Summit 2015 Announced, Tim Draper To Keynote

socalTECH

According to Siemer & Associates, this year's conference, the Siemer Summit 2015, will be held from October 13th to 14th, and will feature Tim Draper as the keynote speaker.

Invested.in Turns Attention Towards Funding Companies

socalTECH

Los Angeles-based Invested.in , the online crowdfunding service headed by Alon Goren, is shifting its focus towards helping companies raise money from accredited investors. The firm is launching BoostFunder , an online startup marketplace, with Adam Draper, which will allow startups to raise up to a million dollars from accredited investors. Adam Draper is the founder of Xpert Financial.

Ranker Hits 11.5M Uniques In December

socalTECH

Los Angeles-based ranking and polling website Ranker , the startup led by Clark Benson and backed by Draper Associates, Rincon Venture Partners, Siemer Ventures, Lowercase Capital, BullPen Capital, Data Collective, TenOneTen Ventures, Tech Coast Angels, and Pasadena Angels, said today that it hit 11.5 The company says it now has 22 employees and is now profitable, although it did not disclose any financials.

Chippmunk Raises $750,000 For Coupon Search Engine

socalTECH

Los Angeles-based Chippmunk said this morning that it has raised $750,000, for the company''s shopping search engine--which helps users with comparison shopping, finding coupons, and with expert shopping recommendations. The startup--led by Brian Nickerson--said the funding came from both Los Angeles and Silicon Valley angels, including Richard Chino (GoTo.com, Smart.com); Dan Murray (Machinima), Derek Draper (Wildfire), Nikhil Srivastava (KKR), Andrew Schwartz, and others.

Favor Plans Expansion Into San Diego, Gets $13M

socalTECH

Favor--which is based in Austin, Texas--said it raised $13M in a Series A funding, from S3 Ventures, Silverton Partners, Tim Draper, and other angels, specifically for the expansion move. The company currently operates in Austin, Boston, Houston and Dallas. San Diego will be the company''s first foray into California.

Crowdfunder Raises $3.5M

socalTECH

in a Series A funding, the company said late Tuesday evening. The funding came from Tim Draper (DFJ), Bill Quigley (Clearstone, Crypto Currency Partners), Bridge 37 Ventures, Ideas & Capital Venture Capital, Maura O''Neill, Capital Nuts, Marcus Segal (Zynga), Mark Rampolla (ZICO Coconut Water), David Wilner (Windriver Systems), and others. Los Angeles-based crowdfunding site Crowdfunder.com , the equity crowdfunding site led by Chance Barnett, has raised $3.5M

TicketSauce Takes $2.5M For Live Event Management Software

socalTECH

in a Series A funding, the company announced this morning. The funding was led by Draper Frontier Opp & Tech Fund. The company said the funding goes towards sales and marketing. TicketSace is led by Travis Fisher, who serves as President and CEO of the company. ticketsauce live event management software private label venture capital draper frontierSan Diego-based TicketSauce , a developer of private label event management software, has raised $2.5M

Forbes Midas List Gives Cold Shoulder To SoCal VCs

socalTECH

The list has been short on local investors for the last few years , even as many Southern California companies have helped place other, Silicon Valley venture capitalists high up on the investor ranking.

SoCal 92

Mogreet Gets $4.1M More

socalTECH

The round was led by Black Diamond Ventures, and also included DFJ Frontier, Ascend Ventures, Bryant Park Ventures and Draper Associates. The company said the new round brings its total raised to $14.1M. Los Angeles-based Mogreet , the provider of mobile video marketing services which is run by James Citron, said this morning that it has raised $4.1M in a strategic investment round.

Prolacta Links With National Milk Bank

socalTECH

The company's products are particularly well suited for critically ill, premature babies in neonatal intensive care units (NICUs), and specifically to avoid issues with necrotizing enterocolitis, a potentially fatal complication occurring in premature infants.

SpaceX Sets Satellite Launches

socalTECH

Hawthorne-based Space Exploration Technologies , the commercial rocket firm of Elon Musk, has set the schedule for two upcoming satellite launches, the company announced this morning. SpaceX is backed by venture firms the Founders Fund, Draper Fisher Jurvetson, and Valor Equity Partners.

Mogreet Opens Midwest Sales Office

socalTECH

Los Angeles-based Mogreet , coming off a new round of venture funding, is in expansion mode, saying that it has opened up a new Midwest sales office for the company. in a new round, from Black Diamond Ventures, DFJ Frontier, Ascend Ventures, Bryant Park Ventures and Draper Associates. Mogreet said it has opened up a new office headed by Joshua Pyne, who the firm snagged from ChaCha, the mobile questions and answers service. Mogreet recently raised $4.1M

CapLinked Adds $1M, New Investors In Funding Round

socalTECH

Los Angeles-based CapLinked , the developer of business transaction and deal management software-as-a-service, said today that it has raised $1M in an expansion round for the company. The company is targeting the software for companies working on asset sales, financing, and mergers. The new funding came from Subtraction Capital, FF Angel, 500 Startups, and other investors. The startup--which is led by PayPal veteran Erik M.

Facebook Competitor Altly Becomes Anybeat

socalTECH

The new name was not a surprise, as Shapiro had said the company would be renaming itself before launch. AnyBeat is backed by Freestyle Capital, Social Leverage, Arthur Bilger, Draper Fisher Jurvetson, Howard Lindzon, Tom Anderson, Alex Bard, Alex Karelin, Kenny Van Zant, and Francis Costello. Altly , the startup headed by Dmitry Shapiro which is developing an alternative to Facebook, said Monday that it has renamed the firm to AnyBeat.com.

Veoh 35

Qualcomm Backs Video Chat Service Tango

socalTECH

San Diego-based Qualcomm is backing a developer of mobile video chat services, Tango , via its Qualcomm Ventures arm, the two companies announced today. According to Tango, it has raised $40M in a Series C funding round, led by Qualcomm Incorporate, and also including Access Industries, Draper Fisher Jurvetson, Michael Birch, Andy Bechtolsheim, Bill Hambrecht, and others.

Sensay Snags $4.5M For Chatbot Technology

socalTECH

in a seed funding round, according to the company. The funding was led by Norwest Venture Partners, and also included Greycroft Partners, Sweet Capital, NHN, Draper Associates and other. Los Angeles-based Sensay , a developer of chatbot technology, has raised $4.5M The startup says it has created a "peer-to-peer chat bot" which helps connect people across SMS, Slack, Kik, Telegram and Facebook Messenger. Ariel Jalali is the Co-Founder and CEO of Sensay. READ MORE>>.

Altra Biofuels Spinout Gets $30M More

socalTECH

EdenIQ , the spinout of San Diego-based Altra Biofuels , the developer of biofuels processing technology, has scored $30M in new venture capital funding, the company said today.

AuditFile, Started At UCLA, Raises $3M For Auditing Software

socalTECH

AuditFile , a developer of cloud-based auditing software for CPAs, has raised $3M in a funding round, the company said Thursday. The company was founded by Kevin Bong, who started the company in his dorm room at UCLA as a senior. According to the company, his brother, Steven Bong, convinced him to turn down job offers and move back home to the Bay Area to work on the company full time. The company now has its headquarters in San Francisco.

Activision Ties With Flurry

socalTECH

The company said that the new initiative will identify and assist third party developers to develop, publish, distribute, and promote their titles on iOS and Android. Flurry is venture backed by Borealis Ventures , Draper Fisher Jurvetson , Draper Richards , First Round Capital , Interwest Partners , Menlo Ventures , and Union Square Ventures.

Zuma Ventures: Creating A New Technology Startup Model

socalTECH

David Carter and Allen Hurff are two startup veterans, who believe they have a new formula to help create early stage, technology companies, through their new "startup studio", Zuma Ventures (www.zumavc.com). David Carter: Zuma Ventures is a company that makes other companies.

Active Network Plans Offering For Investors

socalTECH

The venture investors in San Diego-based sports website firm Active Network are looking to take some dollars off the table, via an offering from Active, according to an S-1 filed by the company Friday. Those investors include ICG Holdings, TPG Ventures, Norwest Venture Partners, Draper Fisher Jurvetson, TL Ventures, as well as others.

Ranker Names COO, Taps Jones For Board

socalTECH

The company, headed by Clark Benson, said that Dhillon was most recently the GM of Urbanspoon, and has also served at EA Mobile and Cisco. Ranker is venture backed by Draper Associates, Rincon Venture Partners, Siemer Ventures, Pasadena Angels, and the Tech Coast Angels.

Tsavo 22

Genomatica Drops IPO Plans, Raises $41.5M

socalTECH

San Diego-based renewable chemicals developer Genomatica has dropped its IPO plans, according to a regulatory filing by the company this morning. Genomatica is venture backed by TPG biotechnology Partners, Mohr Davidow Ventures, VantagePoint Venture Partners, Alloy Ventures, Draper Fisher Jurvetson, WM Organic Growth and others. The firm announced that instead, the company has raised $41.5M

Genomatica Raises $45M

socalTECH

Prior investors Alloy Ventures, Draper Fisher Jurvetson, Mohr Davidow Ventures and TPG Biotech also participated. The new funding brings the company's total raised to $84M. San Diego-based Genomatica , a developer of sustainable chemical technology, announced today that it has raised another $45M in funding. The firm said the funding was led by VantagePoint Venture Partners; Bright Capital, a Russian venture investment firm; and Waste Management.

Launchpad LA Receives VC Funding: $50,000 Per Startup

Both Sides of the Table

We have significant VC commitments (listed below) – every entering company will get $50,000 in funding, mentorship from top VCs and successful entrepreneurs plus free office space. For any company interested in applying please visit the website.

Genomatica, Waste Management In Research Deal

socalTECH

The two companies said that Genomatica will create a manufacturing process which converts syngas--synthetic gas made from natural gas--into other chemicals. Genomatica is venture backed by Alloy Ventures, Draper Fisher Jurvetson, Mohr Davidow ventures, and TPG Biotech, and has raised $40M in funding.

MyShape Runs Out Of Cash, Shuts Down

socalTECH

According to sources near the firm, the firm has sold off its inventory and is now hoping to find a buyer for the company via an assignment for the benefit of creditors. MyShape apparently had run out of money three times between April and November of last year, was unable to garner enough support from its existing investors for more cash, and had hired an investment bank to sell the company, unsuccessfully.

CapLinked Announces New Investors, Signs Up New Clients & Builds New Features

Tech Zulu Event

The new funding brings the company’s aggregate amount of capital raised to over $3 million. Pleased to be an investor in the company, investor Lee Essner said he was particularly drawn to CapLinked’s team, technology and vision. Business Entrepreneurship Startups AccessDNA Artesian Group Caplinked Chris Harris Conversion Capital Draper and Kramer Eric M.

MomentFeed Raises $5.5M

socalTECH

The funding was led by Signia Venture Partners, along with Draper Nexus, DFJ Frontier, Double M Partners, and Daher Capital. Ed Cluss of Signia Ventures joins the company''s board as part of the funding. Santa Monica-based MomentFeed , which develops mobile marketing software which lets marketers understand correlate the activities of mobile users with the physical locations of those consumers, said this morning that it has raised $5.5M in a Series A funding round.

payvia Buys Mogreet

socalTECH

Los Angeles-based mobile carrier billing service Payvia has acquired fellow Los Angeles firm Mogreet , the two companies said this morning. Mogreet was venture backed by Ascend Venture Group, Black Diamond Ventures, DFJ Frontier, Draper Associates, and Spyglass Ventures. As part of the acquisition, the companies said that Mogreet''s full team will join payvia, and Mogreet founder and CEO James Citron will become its Chief Marketing Officer.

CapLinked Adds Investors To Series A

socalTECH

CapLinked develops an online deal room and deal management platform, which allows companies to manage business transactions and financing via the cloud; the company is now targeting its platform for use in mergers & acquisitions, financings, asset sales, and investor reporting. The startup said its clients include Edwards Lifesciences, Draper and Kramer, Proprietary Capital, Thomson Reuters, Sun Capital, and NextView Ventures.

MomentFeed Adds $16.3M

socalTECH

in new funding, the company said this morning. The funding was led by Level Equity, and also included Signia Venture Partners, Draper Nexus and DFJ Frontier. Santa Monica-based MomentFeed , which develops software that helps multi-location, retailers and brands better understand and interact with customers, has raised $16.3M

Prolacta Tops $1M In Philanthoropic Donations

socalTECH

Monrovia, California-based Prolacta Bioscience , the venture-backed company which is turning donated breast milk into human milk fortifier for premature babies, reported this week that it has donated more than $1M to various charitable organizations over the past five years.

Interview with Jeb Spencer, TVC Capital

socalTECH

It was interesting to see the acquisition of Accordent - it seems unusual to have only put in $4M in to a company in so many years, and yet you had a good exit? We're also looking for more of the bootstrapped approach from our companies.

NeuroVigil Finds More Funding

socalTECH

According to the company, the round was led by Howard Morgan, and also included Elon Musk, Tim Draper, and Draper Fisher Jurvetson and Zone Ventures. The company raised its seed funding round in 2008 as part of the DFJ Venture Challenge. La Jolla-based NeuroVigil , a developer of brain monitoring tools and technology, said it has received a second financing round. Size of the funding was not disclosed.

Interview with Clark Benson, Ranker

socalTECH

I sold that company, eCRUSH, which operated espin.com, to Hearst at the end of 2006. Clark Benson: I founded the company in 2008, and we took a little over a year to launch. What lessons did you learn at your last company which you're applying here?

Enevate Names CFO

socalTECH

Kennedy was previously CFO at Sprocket Media and SolarBridge Technologies, and also has served at Primarion, ValueClick, and other companies. Enevate is venture backed by Mission Ventures, Draper Fisher Jurvetson, Tsing Capital, Infinite Potential Technologies, Presidio Ventures, and CEC Capital, and is targeting its Lithium ion battery technology at the smartphone and mobile device market.