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AuditFile, Started At UCLA, Raises $3M For Auditing Software

socalTECH

The funding came from Banneker Ventures, Tim Draper, Nas Draper, as well as other angel investors. Kevin--now COO--studied computer science and accounting at UCLA. According to the company, his brother, Steven Bong, convinced him to turn down job offers and move back home to the Bay Area to work on the company full time.

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Happy Returns Tackles Cardboard Box Proliferation With New Program

socalTECH

Happy Returns said it is initially rolling out the program with online fashion retailers Draper James, Revolve, and Rothy's. Happy Return says it commissioned a study from Yorke Engineering, which found that its new model reduces the amount of greenhouse gas (GHG) emissions by 0.12

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NeuroVigil Finds More Funding

socalTECH

According to the company, the round was led by Howard Morgan, and also included Elon Musk, Tim Draper, and Draper Fisher Jurvetson and Zone Ventures. The startup is led by Dr. Philip Low, who founded NeuroVigil based on research he did as a graduate student at the Salk Institute for Biological Studies.

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NeuroVigil Gets Funding

socalTECH

NeuroVigil's technology is based on research from the Salk Instutute for Biological Studies. NeuroVigil has previously raised seed funding from DFJ Frontier, Draper Fisher Jurvetson, and Zone Ventures, which invested $250K in the firm when it won the 2008 DFJ Venture Challenge. The firm was founded by Dr. Philip Low.

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Venture Totals Drop In Southern California For Quarter

socalTECH

A study of the venture capital deal flow in Southern California conducted by socalTECH shows that venture capital deals dropped for Q3, to around $720M in deals, in a market dominated by clean technology firms. in venture capital deals in the third quarter, down dramatically from $1.2B

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This Week in Venture Capital – Episode 3

Both Sides of the Table

Studying for the SAT, LSAT, GMAT, TOEFL, MCAT and other standardized tests in the US is a massive market that has been dominated for years by Kaplan and Princeton Review. Knewton, Grockit and others are creating new ways for students to study for these tests in a more cost effective way. 7.5mm in Series C.