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Venture Firms Invest Around $1.6 Billion In Q2 2010 In SoCal

socalTECH

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.

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Aptera Shuts Down

socalTECH

Aptera had been attempting to gain funding from the Department of Energy's Advanced Technology Vehicle Manufacturing (ATVM) loan program, after initially failing to be qualify in 2008 for the program due to having three, not four wheels. READ MORE>>.

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eSolar Raises $12.8M

socalTECH

Idealab-based solar energy startup eSolar has just raised $12.8M The funding--which included at least two prior investors, including Oak Investment Partners--is still in progress. Burbank-based eSolar is developing utility-scale, solar thermal power technology used for generating power on a large scale. READ MORE>>.

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Congrats To The Spotlight: LA Tech Summer Presenting Companies at CalTech

Tech Zulu Event

For those who still might be wondering what Spotlight: LA Tech is all about, It’s a screening room for new technology homegrown in our region. It’s a gathering of friends and tech enthusiasts of all stripes. This Spotlight takes place Thursday, July 14, at The California Institute of Technology (CalTech). RSVP: AGENDA.

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Aptera Considering Production Move Out Of State

socalTECH

Aptera said that despite looking to continue its plans for a plant in North San Diego County, but that the "potential is stronger elsewhere" due to structural costs of being located in the San Diego area. Aptera is backed by Idealab, Google, Esenjay Investments, The Simons Family, and The Beall Family Trust. READ MORE>>.

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Interview with Michael Barton, Startup Exchange

socalTECH

The firm has relationships with DFJ Gotham, Idealab, and others. Idealab has invested in the fund, and is a great partner, and has been introducing us to their companies, as well as lots of companies that aren't in the Idealab structure but where they know the founders and executives. What is Startup Exchange?

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Venture Totals Drop In Southern California For Quarter

socalTECH

A study of the venture capital deal flow in Southern California conducted by socalTECH shows that venture capital deals dropped for Q3, to around $720M in deals, in a market dominated by clean technology firms. invested in Q3 of 2007, and down slightly from venture numbers in Q2, when there was approximately $966M in venture deals.