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BLANKSPACES , one of the original, coworking facilities in Los Angeles, is returning to SantaMonica's 2nd Street, according to CEO Jerome Chang. Chang said that its 2nd St. location will again be operating as BLANKSPACES.
and opened up a new office in SantaMonica. The new funding came from BRTech Holding, a Sao Paulo-based technology investment firm. Realtime , a startup developing technology to help power real-time web applications, said today that it has raised $100M, launched in the U.S.,
SantaMonica-based Cornerstone OnDemand , the developer of talent management and human resources management software, is boosting its efforts to support the Los Angeles technology ecosystem, through the launch of its own incubator and investmentfund. READ MORE>>.
I am super excited to announce that today is a day of lots of new things for my partners & me: A new fund, a new office and a new brand. Let’s start with the fund. We have previously raised funds in 1996 ($200 million), 2000 ($400 million) and 2008/9 ($200 million). This month we closed our 4th fund of $200 million.
I am so proud and humbled to be able to formally announce that Upfront Ventures has raised its 6th venture capital fund in the past 21 years. Upfront VI is our latest core fund and is $400 million to invest in early stage entrepreneurs. This brings our combined funds under management to nearly $2 billion.
Startups related to the many University of California campuses in Southern California may soon have a new source of funding: The University of California itself, via a new, $250M venture capital. The fund would seek to invest in companies started on campus, from University research, and from students. READ MORE>>.
SantaMonica-based private equity investor Clearlake Capital is the lead investor in a strategic funding round this week for Cleveland, Ohio-based OnShift , a developer of human capital management software for the long-term, post-acute care market. Financial details of that strategic investment were not disclosed.
Boost.ai , a European startup which is developing conversational artificial intelligence (AI) software for banks, financial institutions, and other enterprises, said this morning that it has set up shop in SantaMonica, setting up its North American headquarters here as it expands to the US. As part of the move to SantaMonica, Boost.ai
Silicon Valley law firm Cooley LLP made some big waves in July with an expansion into "Silicon Beach" and a new office in SantaMonica. It's unclear how and if the new venture fund will invest in any of the firm's new Silicon Beach clients. READ MORE>>.
A new, Los Angeles-based venture capital firm-- TYLT Lab --said Monday that it has raised $20M in an initial close towards its early stage, seed investmentfund. According to the new venture firm, it is focused on early stage, seed to A-round investments, with a focus on Southern California companies, and specifically Silicon Beach.
SantaMonica-based Broke Girl's Guide , a startup focusing in on daily deals and information for women, has scored a small debt funding round, according to a regulatory filing by the firm this week.
SaaS Funding , a new provider of debt funding to software-as-a-service companies, said it has set up an office in SantaMonica. As part of the expansion to SantaMonica, the firm said it has added Ivan Nikkhoo as Venture Partner; Nikkhoo was previously at Siemer and Associates. READ MORE>>.
SaaS Funding , a new provider of debt funding to software-as-a-service companies, said it has set up an office in SantaMonica. As part of the expansion to SantaMonica, the firm said it has added Ivan Nikkhoo as Venture Partner; Nikkhoo was previously at Siemer and Associates. READ MORE>>.
Among those funds is TYLT Lab (www.tyltlab.com), which recently announced a new, $20M early stage investmentfund specifically focused on companies here. Tell us a little bit about your investments and firm? We decided to formalize our investing in October, and call it TYLT Labs, so here we are.
SantaMonica-based Visio Internet , which develops Internet sites for governments, has raised a round of growth capital, according to the company. The funding came from Caltius Equity Partners. Size of the investment was not disclosed. As part of the funding, Vision Internet said it has named David M.
An analysis of Q2's venture capital deals and investment activity in Southern California find that venture capitalists invested around $1.6 billion invested in Q1, and up from $1.0 in investment), Energy ($190.2M in investments) and Medical Deviecs ($128.1M in investments in Q2). billion in Q2 of last year.
investment round in the company. GSA Venture Partners (formerly Greenhill SAVP) also participated in the funding. MK Capital has its Los Angeles offices in SantaMonica. The firm invests across the country, but also has local investments in Geodelic, Machinima, and NXTV, among other companies.
SantaMonica-based Stockr , the online stock-focused, social network which was founded by Vinny Jindal, Tim Symington and Brendon Crawford, has scored a new round of angel funding. The funding included STAR Angel Network, the New York City angel network founded by the NBA''s Jared Jeffries. READ MORE>>.
SantaMonica-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. READ MORE>>.
According to a report , Brock--and his investment group, Sunlot--apparently are hoping to help stabilize the Bitcoin economy through its move. Pierce is a leading investor in Southern California companies, and is one of the many investors here who have recently honed in on the opportunities in Bitcoin. Pierce is one of the organizers of the.
SantaMonica-based Vokle has scored an investment round from the Tech Coast Angels, the angel group formally announced Monday. Amount of the investment was not disclosed, however, a recent regulatory filing indicates that Vokle had recently raised $542,000 out of $1.0M in an ongoing funding round. READ MORE>>.
A new analysis of Q1, 2010 venture capital investments finds that two Southern California companies drove a 490 percent increase in Clean Technology Industrial Products & Services for the quarter. Clean technology investments totaled $733.3M in 72 financing round overall, according to the analysis, which was released yesterday.
We have significant VC commitments (listed below) – every entering company will get $50,000 in funding, mentorship from top VCs and successful entrepreneurs plus free office space. Of these 19 have received funding (10 have received significant amounts of VC funding) and 5 have been acquired (2 for more than $30 million).
The Fabric, an early-stage investment company developing new infrastructure technologies, has raised $15 million for its third investment vehicle. Announced at the Montgomery Summit in SantaMonica, Calif.,
My friend Michael Broukhim, founder & co-CEO of FabFitFun and I recently had a catch-up meeting for 3-miles on the SantaMonica “Bird Trail” No company has ever elicited so many questions by friends, colleagues, entrepreneurs, fellow VCs and journalists as has Bird, the company that pioneered the electronic scooter as a service market.
The Tech Coast Angels , Southern California's most active , organized angel investment group, has a goal: cut down the time it takes to fund a startup presenting to the organization.
Angel investor Jason Calacanis has made another angel investment and scored another board seat this morning -- this time, all the way out in Manchester, New Hampshire. The investment came as part of a $38M, Series A fund which has been led by North Bridge, as well as Borealis Ventures. READ MORE>>.
Local SantaMonica-based venture investor Siemer Ventures has boosted its total number of investments to 55 companies, the firm announced this week, after adding nine new companies in the second quarter of the year. Siemer has been a significant presence in early stage funding for startups in Silicon Beach. READ MORE>>.
SantaMonica-based Arrowroot Capital Management announced today that it has raised a $177M, third fund, Arrowroot Capital II, L.P. , to invest in growth equity for enterprise software companies. Arrowroot Capital said the fund was oversubscribed. READ MORE>>.
SantaMonica-based Campus Explorer , which provides an online resource on universities, colleges, student loans, housing, and more to students, has raised $5M in a Series C funding round, according to a source near the firm. The funding came from Vicente Capital Partners, OCA Venture Partners, and Origin Ventures.
SantaMonica-based Wavemaker Ventures has raised a new, $66M venture capital investmentfund, for its Southeast Asia efforts, the company said this week. According to Wavemaker, the fund exceeded what had been an initial $50M initial target for its investmentfund. READ MORE>>.
CalPERS (the California Public Employees' Retirement System), one of the biggest limited partners in venture capital funds, has released its best and worst performing venture capital and private equity funds as of December 31st, showing that two Southern California venture funds were tops in terms of internal rates of return (IRR).
Los Angeles-based venture capital investor GRP Partners announced this morning that it has raised a fourth fund, worth $200M, and also renamed the firm Upfront Ventures. The 17-year old firm, which also said it will open up a brand new home at the center of Silicon Beach, signing a 10-year lease for a space on 7th Street in SantaMonica.
SantaMonica-based ThisNext , the online social shopping and product discovery site now being run by Matt Edelman, has raised $1.2M in a round of funding, according to a regulatory filing from the firm today. According to the filing, the first investment in the round was August 4th, and included equity, options, and warrants.
Los Angeles business accelerator program upStart.LA , one of numerous startup acceleration and incubation efforts to start in the last year in Southern California, is merging with a startup in SantaMonica, Cross Campus. According to a note to supporters form upStart.LA Cross Campus was founded by Ronen Olshansky and others.
SantaMonica-based electric car manufacturer CODA announced this morning that it has raised another $58M in funding, as part of a Series C investment round. Steyer, Mac Heller, Miles Rubin, John Bryson and Angeleno Group also participated in the funding round. READ MORE>>.
Silicon valley startup incubator program 500 Startups announced its latest batch of startups Wednesday, with a surprise: a local, SantaMonica firm among the fifth batch of companies being backed by the accelerator. Chewse was founded by Tracy Lawrence and Jeff Schenck. Schenck was formerly at Adly.
SantaMonica-based Arrowroot Capital , an investment firm which invests in software-as-a-service and Internet-based businesses, said in a regulatory filing that it is raising a $50M fund. Arrowroot lists such portfolio investments as Zift Solutions, EiQ Networks, 4Tell, and MedNet Solutions. READ MORE>>.
Los Angeles led the region in investments, with $348.6M in investments; San Diego followed, with $205.2M in venture capital raised in Q3; Orange County had $155.96M in investments for the quarter. The industry with the largest amount of investment was in Software, with $229.6M in investment. in investment.
SantaMonica-based ShoeDazzle , the online e-commerce and celebrity site that is back in the hands of Brian Lee, and whose co-founders include Kim Kardashian, has raised $6.0M Details on the funding have not been announced by the company, and it's unclear from the filing on the exact structure of the investment.
Despite the increase in startup activity in Southern California, local venture capital funds are still few and far between, and a large chunk of the funding here is still from Sand Hill Road. The firm just announced that new fund, and a new name, Upfront Ventures (www.upfront.com). Tell us about the new fund?
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