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Westlake Village BioPartners, Led By Amgen Vets, Launches $320M Fund

socalTECH

Westlake Village BioPartners , a brand new venture capital fund focused on the life sciences, said on Wednesday that it has launched a new, $320 investment fund aimed at early stage companies. According to the new venture fund, it was founded by Beth Seidenberg, M.D., READ MORE>>.

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Westlake Bio Unveils $320M Fund to Put Los Angeles on the Biotech Map

Xconomy

Los Angeles has long been in San Francisco’s shadow when it comes to life sciences investment. But a new venture capital firm led by industry veterans is trying to cast the City of Angels in a new light. Westlake Village BioPartners is launching today with $350 million in committed capital.

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ACELYRIN Snags Funding For Biotech Effort

socalTECH

Los Angeles-based ACELYRIN , a new startup biopharma company, announced this morning that it has raised a Series A funding. The funding came from Westlake Village BioPartners. Beth Seidenberg, MD, co-founding managing director of Westlake Village BioPartners, has joined ACELYRIN's board as part of the funding.

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Q3 Venture Investments For SoCal Total Around $1.0 Billion

socalTECH

Southern California venture totals for Q3 totaled around $1.0 billion in investments, according to the Q3 analysis of venture capital deals by socalTECH.com. Other big deals included $60M in investment in San Diego's Skinit , a developer of personalized "skins" for electronic devices, and $37.0M billion invested in Q2.

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Eight Repeat Entrepreneurs To Watch In SoCal

socalTECH

Demand Media / Richard Rosenblatt / Los Angeles - Rosenblatt's last big win: MySpace, where he was Chairman, brokering its sale to News Corp. Row 44 / John Guidon / Westlake Village - Guidon sold his last firm--Comcore Semiconductor--back in 1998 to National Semiconductor, for a substantial gain.

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Interview with Alex Schneider, Ventura Ventures Technology Center

socalTECH

Alex Schneider: It all started in 2003, when the city created an economic development fund worth $5M. It was a kind of rainy day fund, available for economic development purposes. We put out an RFQ to all sorts of venture capital firms in California, in order to be the fiscal steward of that money. . $3M

Ventura 200