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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 venturecapital. The fund would seek to invest in companies started on campus, from University research, and from students. READ MORE>>.
At our mid-year offsite our partnership at Upfront Ventures was discussing what the future of venturecapital and the startup ecosystem looked like. What is a VC To Do? I can’t speak for every VC, obviously. But the way we see it is that in venture right now you have 2 choices?—?super
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.
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 VCfunding) and 5 have been acquired (2 for more than $30 million).
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.,
I am so proud and humbled to be able to formally announce that Upfront Ventures has raised its 6th venturecapitalfund 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.
Nate Redmond is the managing partner of Rustic Canyon Partners – he’s probably one of the youngest managing partners of a major fund you’ll meet. And no wonder, lately he and his partners are on a tear, investing out of their $200+ million VCfund. Nate, tell us a bit about Rustic Canyon Venture Partners.
SantaMonica-based startup studio Science Inc. founded by Michael Jones, Peter Pham, Gregory Gilman, and Tom Dare, appears to be launching efforts to raise a new fund. The firm already has an existing venturecapitalfund which invests in its portfolio companies. READ MORE>>.
To see the video of This Week in VC click on this link. What a pleasure that I got to spend an hour talking with both Om Malik (whom I’ve always respected his views) and Paul Jozefak , a venturecapital partner at Neuhaus Partners in Germany (and formerly the head of Europe for SAP Ventures). 406 Ventures.
SantaMonica-based W4 , an online advertising marketplace founded by former Hydra Network executives, said this morning that it has raised $10M in debt funding. The firm said the funding came from Silicon Valley Bank. W4 is headed by Jason Durant Walker. W4's co-founders include three former Hydra Network founders.
She hasn’t raised any venturecapital. It represents the great majority of entrepreneurship and eschews the fairytale rags-to-VC-riches stories we so often read about in the press. I blog on entrepreneurship & VC precisely because entrepreneurs and other VCs are my customers. That may soon change.
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
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.
SantaMonica-based Science Inc. , in a seed funding round, led by Science Inc. and Kindred Ventures, and also included Chris and Crystal Sacca, Saltwater Ventures and others. in a seed funding round, led by Science Inc.
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>>.
CalPERS (the California Public Employees' Retirement System), one of the biggest limited partners in venturecapitalfunds, has released its best and worst performing venturecapital and private equity funds as of December 31st, showing that two Southern California venturefunds were tops in terms of internal rates of return (IRR).
Despite the increase in startup activity in Southern California, local venturecapitalfunds 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).
Announced at the Montgomery Summit in SantaMonica, Calif., the new financing came from Verizon Ventures (the investment arm of TechCrunch’s parent company’s parent company) and March Capital Partners a Los Angeles-based venturecapital firm. The […].
Changes in the Software World & in VentureCapital. But notably you had the following changes: Horizontally scalable computing & storage systems, which meant you required less capital up front for hardware. Not all of these products & companies came from Silicon Valley but the overwhelming majority did.
SantaMonica-based Manalto has raised $1M in a seed funding round, for the company''s social media content management software. According to Manalto, the funding came from Europlay Capital Adivsors, Raven Capital, as well as high net worth individuals from Australia. The company is led by Anthony Owen.
SantaMonica-based Revolution Prep, an academic testing and tutoring preparation company, has scored private equity funding from Apax Digital Fund. Size of the funding was not announced.
SantaMonica-based venturecapital investor Siemer Ventures is one of the backers of a new, Japanese mobile video entertainment startup, Breaker. According to Breaker, it has raised $2M in a seed funding round, to help bolster its efforts to produce and distribute mobile video entertainment in Japan.
A new, Los Angeles-based venturecapital firm-- TYLT Lab --said Monday that it has raised $20M in an initial close towards its early stage, seed investment fund. The venturecapitalfund was founded by Rami Rostami and Gerard Casale. tylt labs venturecapital tyltlabs investment silicon beach santamonica'
Los Angeles-based venturecapital investor GRP Partners announced this morning that it has raised a fourth fund, worth $200M, and also renamed the firm Upfront Ventures. upfront ventures partners venturecapitalfund startup msuster suster launchpadla' READ MORE>>.
There seems to a perpetual shortage of local venturecapital investors in the region, despite the huge growth in startup activity here, particularly along Silicon Beach. Among those funds is TYLT Lab (www.tyltlab.com), which recently announced a new, $20M early stage investment fund specifically focused on companies here.
But more importantly we talked in the video about fund raising and how Scott has become so efficient at it. led by Altos Ventures and Maverick Capital, with Larry Braitman. Founded in 2008 in SantaMonica by Ron Goldman (former CRO of shopping.com) and Rahul Sonnad. Incubated by Clearstone Ventures in 2008.
SantaMonica-based Rubicon Project , the online advertising optimization firm founded by Frank Addante, is on track to do $100M in revenues this year and will reach profitability in Q4, according to a blog post by Addante Tuesday afternoon. READ MORE>>.
It looks like competition is heating up in the smart parking market--and for local parking technology firm Parkme , which is based in SantaMonica--as yet another company announced Thursday more funding for giving consumers real-time information about available parking spaces. READ MORE>>.
in venturecapital in Q3, according to the latest numbers from the MoneyTree Report from PricewaterhouseCoopers LLP and the National VentureCapital Association, based on data From Thomson Reuters. was raised in venturecapital. was raised in venturecapital. in investment. in investment.
SantaMonica-based March Capital Partners , the venturecapital 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.
SantaMonica-based Washio , which operates a smartphone driven, laundry and dry cleaning pickup and delivery service, said today that it has raised $10.5M in a Series A funding round. The funding came from Canaan Partners, and also included A Grade Investments, Pejman Mar Ventures, Sherpa Ventures, and Jerry Yang (Yahoo).
Nearly four months ago we rebranded at Upfront Ventures. You can watch the video above for a very brief overview of why we rebranded and where we see our place in the VC ecosystem along with what has changed in our industry. Relaunching our brand is part of our larger initiative to build a VC firm of the future.
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.
Are you an entrepreneur looking for a sympathetic ear from a local venture capitalist on your idea? Karlin said its will be holding office hours every Thursday, starting February 21st, at ROC SantaMonica, as part of an effort to help aspiring entrepeneurs. READ MORE>>. READ MORE>>.
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.
in a funding round from Sequoia Capital, the company said Thursday. The Bay Area startup said the funding was led by Sequoia Capital, and also included Harrison Metal, Baseline Ventures, Collaborative Fund, Kapor Capital, along with angels. READ MORE>>.
SantaMonica-based BlockFraud , a developer of machine learning and artificial intelligence software used for detecting mobile fraud, has reportedly raised $5M in a Series A funding, the company disclosed on Wednesday. The funding was led by Palisades VentureCapital. READ MORE>>.
Last year I was on Sand Hill Road in Silicon Valley meeting with one of the most prominent venturecapital firms in the country. The VC partner, somebody I greatly respect said, “Yeah, we like Gil and what they’re doing. I live in the city of SantaMonica. Funding is different outside of Silicon Valley.
SantaMonica-based Siemer Ventures said Wednesday that the venturecapitalfund has launched a new, $45M third fund, and rebranded itself as Wavemaker Partners. The new fund is larger than the company''s second fund, which was raised in 2011 and was worth $28M. READ MORE>>.
One of SantaMonica-based startup accelerator and studio Science Inc. ''s s more unusual portfolio companies--organic juice cleanse maker Urban Remedy --has just raised $5M in a new funding, the company said today. Urban Remedy said it raised a $5M, Series A funding, which came from Venture51. READ MORE>>.
He knows every startup & VC in town.” When I first arrived in LA my good friend Matt Pillar (a long-term veteran of tech, media & VC) who had been in LA for some time told me, “in LA there’s none better than David.” I told David, “Look at the changes we’ve seen in the VC / funding market.
billion in venturecapital dollars were invested in the Southern California region in Q1, according to the latest MoneyTree Report , issued by PricewaterhouseCoopers LLP and CB Insights. billion to US, VC-backed startups in Q1, across 1,104 deals, which was up 15 percent in dollars and 2 percent in deals from Q4 of 2016.
SantaMonica-based Halogen Ventures , a brand new, female-focused venturecapitalfund which is focused on consumer technology, has raised $10.4M as part of its first fund, Halogen Ventures LP. She's also well known for the TV series "The Valley Girl Show". READ MORE>>.
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