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Steamboat Invests in Chinese Web Analytics Firm

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Los Angeles-based Steamboat Ventures , the venture capital arm of The Walt Disney Company, has invested in a Chinese startup which provides web, video, and search analytics, Gridsum Technology. According to Gridsum, Steamboat led its Series A. Size of the funding round was not disclosed. READ MORE>>.

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Gendai Games Raises Funding

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Los Angeles- and Austin-based Gendai Games , a publisher of iPhone game development software, has raised a round of funding, according to the firm. Amount of the funding was not disclosed, however the firm said the funding was somewhere over $1M. Gendai is one of the firms in the LaunchpadLA effort, headed by Suster.

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Sometrics Acquired By American Express, Says Report

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El Segundo-based Sometrics , the in-game virtual currency and monetization startup headed by Ian Swanson, has reportedly been acquired by American Express. Sometrics had raised over $5.25M in funding from Big Sky Ventures, Greycroft Partners, Mailroom Fund, and Steamboat Ventures. READ MORE>>.

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Four Firms Hoping To Tap Into Facebook's 500M Users

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Backed by Steamboat Ventures, Greycroft Partners, AT&T, and The Mail Room Fund. Tags: facebook users applications growth startups startup. Headed by Ian Swanson. Have we missed a firm here poised to take advantage of Facebook's popularity and growth? Let us know!

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Sometrics Powers Virtual Currency Efforts

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Los Angeles-based Sometrics , the virtual currency startup headed by Ian Swanson, released some user and traffic numbers this morning, saying that it has now provided more than 1 trillion virtual currency credits to game users. Sometrics is venture backed by Steamboat Ventures, Greycroft Partners, AT&T, and The Mail Room Fund.

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SoCal Venture Deals Up In Q2

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Investments by venture capitalists in Southern California were up, both in terms of deals and dollars in Q2, according to the latest numbers from PricewaterhouseCoopers and the National Venture Capital Association (NVCA). in 91 investments, up significantly from the $451.8M Nationally, venture deals in the U.S.

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Why The Growth Of The Internet Is Driving EdgeCast's Revenues

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What is it about the content delivery network market which has enabled Santa Monica-based EdgeCast to go from startup to over $100M in revenues in only a few, short years? We caught up with James Segil , the firm's President, to hear the story behind that big growth at the company. We've grown really fast.

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