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Enevate Inks New Battery Production Licensing Deal

socalTECH

Irvine-based battery developer Enevate announced on Tuesday that it has inked a new, production licensing agreement, with EnerTech International. According to the company, EnerTech International will commercialize its battery technology in the transportation, mobility, and reserve power markets.

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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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Siimpel Scores Investment From Korean Firm

socalTECH

Arcadia-based Siimpel Corporation , which is developing MEMs-based components for mobile cameras, announced Monday afternoon that the firm has raised an additional round of investment from LG Innotek. Financial terms of the investment were not disclosed. Siimpel was formerly known as SiWave, and is backed by DOCOMO Capital Inc.,

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Ranker Raises $1.3M

socalTECH

The funding was led by Tim Draper of Draper Fisher Jurvetson , and also included Rincon Venture Partners , Newport Coast Investments , Gil Elbax of Factual, the Pasadena Angels , and Siemer Venture Capital. Ranker is a website which allows consumers to rank lists of their favorite TV shows, books, products, or anything else.

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Genomatica Raises $45M

socalTECH

The firm said the funding was led by VantagePoint Venture Partners; Bright Capital, a Russian venture investment firm; and Waste Management. Prior investors Alloy Ventures, Draper Fisher Jurvetson, Mohr Davidow Ventures and TPG Biotech also participated. The new funding brings the company's total raised to $84M. READ MORE>>.

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Altra Biofuels Spinout Gets $30M More

socalTECH

EdenIQ, which is taking biomaterials technology being applied to sustainable chemical and fuel production, said it has raised both equity and debt in the funding. EdenIQ , the spinout of San Diego-based Altra Biofuels , the developer of biofuels processing technology, has scored $30M in new venture capital funding, the company said today.

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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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