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Papaya Picks Up $50M For Mobile Payments

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Los Angeles-based Papaya, a fintech startup developing a mobile bill payment application, says it has raised $50M in a Series B funding. The funding was led by Bessemer Venture Partners, and also included Sequoia Capital, Acrew Capital, 01 Advisors, Mucker Capital, Fika Ventures, F-Prime, and Sound Ventures.

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Crash, Backed By Idealab, Debuts App For Finding Tourist Attractions

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How about a mobile app which taps the power of its users to find cool and unique spots in their city? Newly funded and launched startup Crash --backed by Idealab--said today that it has launched its iOS-based attraction discovery app and website. Idealab says it is incubating Crash. READ MORE>>.

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Idealab Boosts Team

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Pasadena-based Idealab , the startup business incubator founded by Bill Gross, announced this morning that it has added Andy Steuer to its team. The firm said Steuer will work on new company creation, particularly in the new mobile applications area. He also was an investor in angel fund Andojo. READ MORE>>.

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TweetUp Launches Out Of Idealab, Gets Funding

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Pasadena-based Idealab has launched a new company, TweetUp , which focused on showcasing Twitter users and helping them to grow an online following. its new Twitter marketplace was founded by Idealab's Bill Gross, and has scored funding from Index Ventures, betaworks, Revolution LLC, First Round Capital, Jason Calacanis, and Jeff Jarvis.

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Discovering Great, Local Attractions With Idealab-backed Crash

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Newly launched Crash is hoping to help solve that problem, by surfacing "photo-worthy" locations around you in its mobile app--sourced from its users. It's unbelievably fund, and as we've been expanding into new cities, I feel like I'm becoming a tourism expert in all of those cities. How did you end up working with Idealab?

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March Capital Partners Launches $240M Venture Fund

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Santa Monica-based March Capital Partners , the venture capital investment firm founded by venture investment veterans Jim Armstrong, Sumant Mandal, Gregory Milken and Jamie Montgomery, said this morning that it has had a final close on its first fund, at $240M.

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Punchcard Takes On Mobile Loyalty

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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.

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