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Wednesday, May 4, 2011 -- Where HighTech Meets High Surf: Ventura Ventures Technology Center. ACG 101 Where are the next generation of high-tech companies getting their start? The City-sponsored Ventura Ventures Technology Center is an incubator for a wide range of tech startups. See [link] (more)
in a seed funding round. The funding wa sled by Tony Hsieh''s Vegas TechFund, and also included angels Josh Makower, John R. Los Angeles-based Stir , a startup developing a touchscreen-driven, Wi-fi connected, and sensor-powered desk which automatically adjusts to a user''s height, said this morning that it has raised $1.5M
General Assembly , which conducts classes on web development, Photoshop, Javascript, digital marketing, and all kinds of other topics through its location in Los Angeles, has just scored a $35M funding round, a Series C for the company. READ MORE>>. general assembly angeles venture capital learning digital school technology'
Dear readers: Like keeping up to date on Southern California's latest venture funding, hightech deals, and more? Understand the investment landscape - Better understand who is getting funded, what kinds of companies are being funded, and why - before you look for funding yourself. Interested in joining?
Santa Ana-based ICanBuy , which develops online tools for helping consumers determine what they can afford on their mortgage, said this week that it has raised a Series A funding round. The firm said the funding came from hightech execs Vahid Manian and Massoud Dabir. Financial terms of the investment were not disclosed.
In what could help Santa Barbara further increase its influence in the hightech world, Surf Air , the subscription-membership based, all-you-can-fly airline headed by Wade Eyerly, said today that it has added Santa Barbara to its daily schedule. Surf Air launched its service between Burbank and San Francisco in June.
San Diego-based Avalon Ventures , a venture capital firm focused on early stage hightech, digital media, and life sciences firms, said today that it has closed on $200M in capital commitments for its latest fund. Avalon said that the fund, Avalon Ventures IX, LP, is the ninth and largest fund for the company.
Los Angeles-based Bonfire Ventures said this morning that it has officially launched with its first fund, a new $60M fund aimed at early stage startups. The fund was founded by longtime Southern California technology investors Jim Andelman and Mark Mullen, who are joined by Leah Volger, formerly of Google and Santander InnoVentures.
San Diego-based Global Village Concerns , which provides an online service which helps school with their branding and marketing--via online e-commerce shops with branded merchandise and gear--has raised ar round of debt funding. Size of the funding was not announced. Details on the terms of the debt were not announced. READ MORE>>.
Wellington Financial , a provider of venture debt and growth capital to hightech startups and other companies, said yesterday that it has closed on a $177.5M, fourth fund. The fund, Wellington Financial Fund IV, came from Canadian institutional investors, pension plans and family offices. offices in Santa Monica.
Los Angeles-based Mustard, which develops technology which uses artificial intelligence and computer vision to evaluate an athlete's mechanics and to help with coaching, has raised $3.75M in a seed funding, the company said this morning.
For the last week of the year, we're featuring the thoughts and reflections of some of the movers and shakers of Southern California's hightech community. See more insights from the Southern California hightech community in our continued series this whole week! What was the biggest news for you/your firm this year?
Bolt Threads , which says it is creating high performance, sustainable fabrics created from natural proteins rather than hydrocarbons, announced the partnership along with a $50M, Series C investment on Thursday. Details of the partnership with Patagonia were not announced, however, the two said they would.
Aliso Viejo-based Arkami, one of the startups in OCTANE's Launchpad Accelerator, has just zoomed past $360,000 in funding commitments on the crowdfunding site Kickstarter, according to the firm's myIDkey project page.
The coworking trend--which started in part in Southern California and its hightech startup ecosystem--looks to be spreading East, with news this week that NextSpace has raised $500,000 and acquired a Chicago company, to establish its first coworking site outside of California.
Because of that, the local hightech industry here has welcomed any and all new capital. The new firm hasn''t formally launched yet, but emerged in the details of a new funding for search provider SRCH2 this morning. TenOneTen co-founder David Waxman said that SRCH2 is among the first investments for the new fund.
For the last week of the year, we're featuring the thoughts and reflections of some of the movers and shakers of Southern California's hightech community. See more insights from the Southern California hightech community in our continued series this whole week! What was the biggest news for you/your firm this year?
is the both fastest funding-to-exit in Silicon Beach, as well as one of the exits with best multiple on dollars invested, according to a new analysis of our extensive database of venture deals. had the shortest time between an initial funding and exit of any company, just short of nine months. The acquisition of Awesomeness.TV
According to Manatt, Csathy will head up a new effort called Manatt Digital Media Ventures , which will both make new digital media investments in companies, as well as provide professional services to the hightech industry. The new digital media venture from Manatt was created by Los Angeles partner T. READ MORE>>.
Southern California technology companies are hiring aggressively, and the hightech job outlook is better than it has ever been, with hundreds of open positions and many companies eagerly seeking hightech talent. Trying to find local, hightech savvy employees? per month monthly membership.
The firm--which the Tech Coast Angels revealed last week that it had funded in 2010--also has the backing of well known angel investor Paige Craig, who also sits on the firms advisory board. No details on the angel funding for LaughStub have been announced. The firm is headed by Scot Richardson. READ MORE>>.
Looking for a hightech job in Southern California? Despite the economy, Southern California's hightech job outlook is better than it has ever been, with hundreds of open positions and many companies eagerly seeking hightech talent. Tech Lead Adserving Engineer , Santa Monica, Adconion Media Group.
Rad and Mateen are both hightech veterans, with Rad having previously founded Twitter advertising startup Ad.ly; Mateen was most recently founder of CoverCanvas. went on to raise venture funds from Greycroft Partners, GRP Partners, and Matt Coffin.
A new, $20M venture capital fund, TAU Ventures , based out of Tel Aviv, Israel, and Tel Aviv University (TAU), says it is specifically looking to link with the Los Angeles technology community--thanks to its link with Los Angeles investor Behzad Kianmahd--co-founder of Cross Campus. READ MORE>>.
Santa Monica-based TaskUs , the startup led by Bryce Maddock which is the secret weapon behind the rising tide of on-demand and Internet startups, has raised $15M in a funding round, the company disclosed today. The funding came from Phillipnes-based private equity investor Navegar.
For our Insights and Opinions section today--where we feature the thoughts and opinions of the local hightech community--we have an article from Jeff Grabow , of Ernst & Young, talking about the changing world of venture capital : The VC environment isn''t what it used to be. Guess what? That''s not a bad thing. Continued.).
For the last week of the year, we're featuring the thoughts and reflections of some of the movers and shakers of Southern California's hightech community. The biggest impact on the LA tech scene in 2012 is the arrival of the accelerators and coworking spaces, which have helped drive LA's tech scene like never before.
Technology veterans Tareq Risheq and Mark Thacker are no strangers to the world of hightech startups and angel and venture capital--Risheq was formerly CEO of Celllynx, Thacker was co-founder at Datallegro--but the way they're funding their newest startup is unusual, and a testament to the growing popularity of crowdfunding.
One of the hottest sectors in Southern California's hightech world in the last couple of years has been video--namely, Internet video and content creation. Other investors in the funding include Greycroft Partners , Bertelsmann Digital Media Investments , Advancit Capital, Allen DeBevoise, Ynon Kreiz , among others.
A number of local, hightech companies are putting their efforts behind Movember , a charity which helps raise funding and awareness for men's health, and particularly prostate cancer.
The White House is announcing a new effort today to spur hightech innovation and growth, called the Startup America Partnership. The new effort will be chaired by AOl's Steve Case, with funding from the Ewing Marion Kauffman Foundation, the Case Foundation, Intel Capital, and IBM.
The site combines the crowd-voting aspect with crowd-funding elements, as well. JumpStartFund comes out of the Girvan Institute of Technology, a Los Angeles startup incubator and accelerators for early-stage high-tech companies. READ MORE>>.
Philz Coffee , the Silicon Valley coffee chain which has been in a massive expansion in Southern California in the last few months, announced on Tuesday a $45M Series C funding round. As part of the funding, Jim COulter and Sanjay Banker, both of TPG, join the company's board. READ MORE>>.
On Thursday, the City of Ventura is formally launching a new incubator, the Ventura Ventures Technology Center (www.v2tc.com), targeted at hightech businesses. Alex Schneider: It all started in 2003, when the city created an economic development fund worth $5M. The purpose was to deliver high value jobs.
For the last week of the year, we're featuring the thoughts and reflections of some of the movers and shakers of Southern California's hightech community. The most significant news for GRP Partners in 2012 was the first close of our 4th venture fund. Without this support we would have struggled. READ MORE>>.
For the last week of the year, we're featuring the thoughts and reflections of some of the movers and shakers of Southern California's hightech community. We very quietly went live with our second fund, Okapi Ventures II, LP, back in March and have already made 4 investments. I think "enterprise 2.0" READ MORE>>.
Q3 has traditionally been a slower, venture funding quarter in Southern California, due to summer vacations and a slower work schedule for both hightech companies and venture firms during the summer months. The largest deal in the quarter was for Dun & Bradstreet Credibility Corp.
Looking to provide a high-tech twist on retail loyalty punchcards, Pasadena-based Punchcard --the latest startup out of Idealab--has debuted a set of mobile apps which allow retailers to virtually "punch" customer loyalty cards on Android and iPhone. Financial details of the seed funding in Punchcard have not been announced.
A new lawsuit, targeting Venice, California-based Snapchat --the hottest company to emerge out of the area''s hightech startup cluster in recent years--says that the company''s founders stole the idea for the company from him after forcing him out of the company early on in its history. READ MORE>>.
The funding came from MindFund, Charles River Ventures, Trinity Ventures, Naval Ravikant, as well as others. Mohit is one of the pioneers of the Southern California hightech industry, having founded Bizrate back in 1995, based on his thesis at Wharton. Bizrate eventually became Shopzilla, and was acquired by E.W.
On the heels of the announcement this morning by Facebook that it has officially hit 500 million users, socalTECH has mined its database of hightech companies , and identified a few of the firms here in Southern California hoping to ride Facebook's coat-tails to success and fortune. Headed by Ian Swanson. Let us know!
They estimate that high-tech work contributes $108.3 What is perhaps different from other regions is that we have large indigenous aerospace industry and a big high-tech import/export trade as opposed to a lot of software companies. They estimate that high-tech work contributes $108.3 It is different.
Because of that, the local hightech industry here has welcomed any and all new capital. The new firm hasn''t formally launched yet, but emerged in the details of a new funding for search provider SRCH2 this morning. TenOneOne co-founder David Waxman said that SRCH2 is among the first investments for the new fund.
OCTANe , the Orange County-based organization helping to bolster the hightech industry and entrepreneurs, reported this morning that in the first half of 2012, companies participating in its startup accelerator have raised a total of $26.8M in funding.
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