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Local Clean Energy Business Plan Contest Awards $160,000

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First Look West also said it provided $5,000 in a "Tansformational Idea Award" funded by Draper University, the entrepreneurial education program from venture capitalist Tim Draper. Pyro-E is out of UC Berkeley; Chai Energy is from Caltech; and Dragonfly Systems is from Stanford. READ MORE>>.

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MomentFeed Raises $5.5M

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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.

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Activision Ties With Flurry

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Santa Monica-based Activision , via its subsidiary Activision Publishing, said today that it is in a strategic relationship with Flurry , a provider of mobile application, advertising, and analytics software. According to Activision, Flurry will help the firm to establish a new mobile publishing initiative. READ MORE>>.

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Qualcomm Backs Video Chat Service Tango

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San Diego-based Qualcomm is backing a developer of mobile video chat services, Tango , via its Qualcomm Ventures arm, the two companies announced today. Tango develops a video chat service which lets users conduct video chats with their Apple iPhone or Android smartphone, and also provides free phone calls and video messaging.

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MomentFeed Finds $10M More

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Santa Monica-based MomentFeed , which develops software used by retail brands for optimizing mobile and proximity searches, has raised $10M more in funding, the company said on Thursday. The funding was led by Level Equity, and also included Signia Venture Partners, Draper Nexus, and DFJ Frontier, all prior investors.

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Wavemaker Portfolio Firm, Phunware, Goes Public Via Reverse Merger

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According to Phunware , a developer of mobile application lifecycle management software, it has been acquired by Stellar Acquisition II , which is listed on the NASDAQ Stock Market. Stellar is a so-called "blank check acquisition company" specifically designed to for reverse mergers.

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Favor Plans Expansion Into San Diego, Gets $13M

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Favor , a on-demand, mobile delivery app developer, said today that it will be expanding into San Diego in the coming months, thanks to a new, $13M funding round.