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Chippmunk Raises $750,000 in Seed Funding for Scaling & Product Development

Tech Zulu Event

The seed round was led by investments from Richard Chino, a key early member of GoTo.com and Smarter.com; Dan Murray, CFO of Machinima ; Derek Draper of Wildfire by Google; Nikhil Srivastava of KKR ; Angel Investor Andrew Schwartz and other angles from LA and Silicon Valley. 750,000 for Scaling & Product development.

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Genomatica Raises $21.25M

socalTECH

San Diego-based Genomatica , a firm developing sustainable chemical products using renewable feedstocks, has raised $21.25M in additional funding, according to numbers released in the recent PricewaterhouseCoopers/NVCA MoneyTree report. Genomatica develops technology to replace fossil fuel based chemicals with renewable products.

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MyShape Raises $5.5M More

socalTECH

The funding came from Draper Fisher Jurvetson, Tenaya Capital, and Draper Fisher Jurvetson Growth Fund. The company said the new funding will go to grow its operations, aggressively build out its product assortment, and to further develop its personalization technology. more in funding.

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Facebook Competitor Altly Becomes Anybeat

socalTECH

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. 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.

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Altly Reveals Seed Investors

socalTECH

Altly detailed its plans to create an alternative to Facebook last week, complaining in a lengthy manifesto from Shapiro that an alternative to Facebook was sorely needed due to privacy and other issues with the social networking site. Shapiro was the former founder of Veoh Networks and head of MySpace Music. READ MORE>>.

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MyShape Runs Out Of Cash, Shuts Down

socalTECH

According to a message on the firm's site, it is "temporarily suspending its retail operations" and is no longer offering products. MyShape had raised north of $36M in funding from such investors Draper Fisher Jurvetson, Lehman Brothers Venture Partners, Pasadena Angels, Tech Coast Angels, and Tenaya Capital.

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MyShape Names New CEO, Shuffles Executives

socalTECH

Los Angeles-based MyShape , which develops a personalized shopping site for women's apparel, said today that it has named Mercedes De Luca as CEO of the firm. The company also said that it has added De Luca to the board.

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