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Giftz Gets Additional Funding From Draper Goren Holm

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Los Angeles-based Giftz , a startup that offers up a mobile wallet and marketplace for points, miles, and gift cards, has received an investment from LA's Draper Goren Holm , the two said on Wednesday. Draper Goren Holm is the venture studio run by Tim Draper, Alon Goren, and Josef Holm. Size of the investment was not announced.

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Anthos Capital and NBA All-Star Baron Davis back LA-based college tuition savings service, UNest

TechCrunch LA

Ksenia Yudina initially founded the company to provide financial planning and services to lower- and middle-class families looking for ways to start saving for their children’s education, she said. “To me the investment in UNest is a great opportunity to help my community.

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Younity Finds $8M For Cloud Media Storage Service

socalTECH

San Diego-based Younity is announcing this morning that it has raised $8M in a Series A funding, for its cloud-based media storage service. The funding was led by Marker LLC, and also including Draper Associates and PROfounders Capital. Younity said it has now raised $11.25M in total.

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Qualcomm Backs Video Chat Service Tango

socalTECH

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 Acquired By Uberall

socalTECH

Los Angeles-based MomentFeed, which develops location-based services and location marketing software for bricks and mortar retailers to better manage information on their locations, hours, and other information, has been acquired by Uberall, a Berlin-based provider of marketing software.

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MomentFeed Names Tech Veteran Nick Hedges As CEO

socalTECH

Santa Monica-based MomentFeed , which develops software that helps national brands keep information on their stores up to date across mapping and mobile services, has named Nick Hedges as CEO of the company, MomentFeed said this morning. MomentFeed is venture backed by Level Equity, Signia Venture Partners, Draper Nexus and DFJ Frontier.

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Invested.in Turns Attention Towards Funding Companies

socalTECH

Los Angeles-based Invested.in , the online crowdfunding service headed by Alon Goren, is shifting its focus towards helping companies raise money from accredited investors. The firm is launching BoostFunder , an online startup marketplace, with Adam Draper, which will allow startups to raise up to a million dollars from accredited investors.

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