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LeisureLink Gets $9M In Series C

socalTECH

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.

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Ortiva Wireless Raises $8M

socalTECH

La Jolla-based Ortiva Wireless , a developer of mobile video optimization technology, confirmed Tuesday afternoon that it has raised $8M in its Series C funding. The round was led by Intel Capital, and also included current investors Comcast Interactive Capital, Artiman Ventures, and Mission Ventures. READ MORE>>.

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Transaction Wireless Gets $2M More

socalTECH

San Diego-based Transaction Wireless , a developer of mobile gift card and other mobile marketing products, announced this morning that it has raised an additional $2M in funding. The funding came from its existing investors, Mission Ventures and Okapi Ventures.

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Nirvanix Raises $10M, Names New CEO

socalTECH

San Diego-based Nirvanix , the provider of cloud storage services, said today that it has raised another $10M in a funding, and appointed a new CEO. The firm said the new round is a Series B, and comes from investors Intel Capital, Mission Ventures, Valhalla Partnes, and Windward Ventures.

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Big Stage Entertainment Raises $2.7M

socalTECH

in a Series B funding for the firm. According to the company, the funding came from Mission Ventures, Selby Ventures, and the Tech Coast Angels. The company said the new funding will go to accelerate research and development, along with sales and marketing. READ MORE>>.

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

Jason Nazar

I recently hosted a panel at the Twiistup Conference about LA tech companies. I have some pretty specific thoughts on the differences between companies in the two cities, as I wrote about in my previous post A Tale of Two Tech Cities. Challenge #1 – Tech Companies are Not Typically Started by Technologists.

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This Week in VC: Michael Montgomery (President, Montgomery & Co.)

Both Sides of the Table

Shame they didn’t like his suggested name for the company: DreamWorks SKG-MM. You have to be selected to present and it is typically reserved for companies that have already raised early-stage capital and are well into revenue growth. Should you use investment banks to raise venture capital? We discussed: 1.