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Gem Takes $7.1M For Blockchain Security

socalTECH

Venice-based Gem , the blockchain security and technology developer led by Micah Winkelspecht, said Wednesday that it has raised $7.1M in its Series A funding. The funding was led by Pelion Venture Partners, and also included KEC Ventures, Blockchain Capital, Digital Currency Group, RRE Ventures and others. READ MORE>>.

Venice 100
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Southern California Firms Get $587.0M In Venture Capital In Q2

socalTECH

in venture capital investments in Q2 2013 across Southern California, spread across 80 deals. Those numbers reflected a drop from Q2 of last year, when there was $868.98M in investments across 97 deals. However, venture dollars invested were above Q1, when Southern California saw $569.1M in investments across 90 deals.

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Seriously Finds $18M For Mobile Games

socalTECH

Venice, California- and Helsinki, Finland-based mobile game developer Seriously , the developer behind the title Best Fiends , has raised $18M in a venture funding round, the company said this morning. Seriously said it has now raised $28M in funding. Seriously said it has now raised $28M in funding. READ MORE>>.

Mobile 100
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‘Megadeals’ Dominate Q2 as VCs Invest $15.3B, and Top 10 Deals

Xconomy

Still, the amount invested marked a 12 percent drop from the $17.4 billion that venture firms invested during the same quarter last year, and there was a 22 percent decline in deals, according to MoneyTree data released today. A lot of money went into software, mostly because of some big, expansion-stage deals.”.

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Reflections On 2018: Matt Stodder, Startup Boost LA

socalTECH

Our most recent Demo Day in November 2018 (at Google/Venice on the main stage) was the most well-attended Demo Day in the history of Startup Boost. And, many of the presenting companies received sizable funding commitments and offers of ongoing help.

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Epoxy Tunes Into $2M to Enable YouTube, Video Publishing

socalTECH

To that end, Venice-based Epoxy announced this morning that it has raised $2M in a funding round, to help build out its product suite to help grow, engage, and monetize online video channels. According to Epoxy, the new funding will go to expand its engineering team and build out its products.

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Reflections on 2018: Clinton Foy, CrossCut Ventures

socalTECH

When I first joined Crosscut Ventures five years ago, the firm had $20 million under management and was just starting to invest out of its second fund. We now have $250 million under management, are investing out of our fourth fund and have made more than 80 investments.