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Upfront Ventures Raised New $280 Million Fund

Both Sides of the Table

We’ve been dying to tell you all for a while that we had raised a new venture capital fund and of course given SEC filing requirements the story was somewhat already scooped by the always-in-the-know Dan Primack a few weeks ago. Wait, didn’t you just raise a fund? Was it hard to raise the fund?

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Aspen Neuroscience Gets $70M

socalTECH

San Diego-based Aspen Neuroscience , a biotechnology company developing treatments for Parkinson disease, said it has raised $70M in a Series A funding round. The funding was led by OrbiMed, and also included ARCH Venture Partners, Frazier Healthcare Partners, Domain Associates, Section 32, and Sam Altman.

San Diego 113
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Plug and Play San Diego Finds Home in New Downtown Works Space

Xconomy

Plug and Play San Diego has formed a partnership with Downtown Works, a new co-working space in downtown San Diego, which will give the local Plug and Play program a place to call home. Among other things, they get an opportunity to pitch to investors and industry representatives at Plug and Play’s quarterly “expo” event.

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Samumed Raises $438M

socalTECH

San Diego-based Samumed , a biopharmaceuticals firm focused on treatments for Alzheimer's and other diseases, has raised a huge, $438M funding round, the company said on Monday. Source of the funding was not announced. The pre-money valuation for the funding round was $12 billion, accoridng to the company.

San Diego 100
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With Pellini on Board, Maris Sets Course at Section 32

Xconomy

It’s not easy to catch up with Bill Maris at Section 32, the venture firm he founded last year near San Diego. Maris acknowledged last year that he was laying plans to raise a new fund, after investing nearly all of the first $160 million he had raised for Section 32.

Course 45
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With Pellini on Board, Maris Sets Course at Section 32

Xconomy

It’s not easy to catch up with Bill Maris at Section 32, the venture firm he founded last year near San Diego. Maris acknowledged last year that he was laying plans to raise a new fund, after investing nearly all of the first $160 million he had raised for Section 32.

Course 45
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Profitability Helps San Diego Lender Step Out from Industry Cloud

Xconomy

With a cloud lingering over the peer-to-peer lending industry, privately held National Funding is disclosing new details today about its operations, in a bid to step into the light and differentiate itself as a fintech company and alternative lender. Alternative lending encompasses a broad range of loan options outside traditional bank loans.