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Palomar Ventures Backs Damballa

socalTECH

Santa Monica-based venture capital firm Palomar Ventures has re-upped its investment in a security software firm Damballa , which is based in Atlanta, as part of a new $12M funding round for that company. Palomar's Jim Gauer sites on the board of Damballa.

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Crosscut Ventures Raising Second Fund

socalTECH

Los Angeles-based Crosscut Ventures , the early stage, venture capital investment firm run by Rick Smith and Brian Garrett, looks to be kicking off a new fund, according to an SEC filing this week. Details on the fund size were not included in the filing, and the firm has not commented on the filing. READ MORE>>.

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Ace Metrix Gets Investment From WPP

socalTECH

Los Angeles-based Ace Metrix , which operates an online service which helps television advertisers gauge the effectiveness of their ads, has scored an investment from advertising giant WPP , the firms announced this morning. Financial terms of the investment were not disclosed. READ MORE>>.

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Predixion Software Snags $20M More For Predictive Analytics

socalTECH

San Juan Capistrano-based Predixion Software , the predictive analytics software firm headed by Simon Arkell, has raised $20M in a Series C financing, the company said this morning. The new funding came from Accenture and GE Ventures, two strategic investors in the company, along with new investor Frost Venture Partners. READ MORE>>.

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LAVA's Annual VC Breakfast

SoCal Tech Calendar

Meet the top VCs who are investing in Southern California. Find out what they are looking to invest in. Find out what does it take to secure Venture Capital for your company. Tuesday, August 10, 2010 -- LAVA's Annual VC Breakfast. Learn about the hottest trends and the mistakes NOT to make. See [link] (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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Interview with Brian Garrett, Crosscut Ventures

socalTECH

Los Angeles-based Crosscut Ventures (www.crosscutventures.com) is one of the newest venture capital funds in the area, and has quietly been working on funding local companies over the last year. The fund--started by Brian Garrett and Rick Smith --has been focused on digital media investments, and so far has made investments in six companies.