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AMN Healthcare invests In PipelineRx

socalTECH

San Diego-based healthcare staffing firm AMN Healthcare Services said this morning that it has made a strategic investment in PipelineRx , a developer of clinical, telepharmacy medication management services. READ MORE>>.

Invest 164
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BioDuro Acquired By Advent International

socalTECH

San Diego-based BioDuro , a life sciences contract research and development organization, has been acquired by private equity investor Advent International , the companies said over the weekend. Financial details of the majority, strategic investment in BioDuro were not announced. READ MORE>>.

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How The Deal Between Synthetic Genomics, Exxon Fell Part

socalTECH

It all looked good at the time: oil company Exxon needed to develop a more earth-friendly way to produce oil, and San Diego startup Synthetic Genomics needed funding to get its technology off the ground. But then, ExxonMobil cut back its original investment--worth up to $600M--in Synthetic Genomics. What happened?

Layoffs 159
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DriveCam Wins Greyhound

socalTECH

DriveCam , the San Diego-based developer of driver monitoring systems, announced today that it has scored a win with bus operator Greyhound Lines. According to DriveCam, Greyhound LInes will deploy its driver risk management and fleet management products across its entire fleet, as part of a five year service contract.

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AnaptysBio Gets $1.5M From DARPA

socalTECH

San Diego-based AnaptysBio announced this morning that it has received $1.5M in a contract from the Defense Advanced Research Projects Agency (DARPA). The firm said the contract covers developing antibodies that could be used by the military in antibody-based biosensors, including those that can detect bioterrorist threats.

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Ostendo Raising Funds to Advance Virtual Reality Display Technology

Xconomy

The financing includes both new investment funding and a conversion of debt to equity, according to a notation in the filing. Adding to the confusion, the most-recent MoneyTree Report on San Diego venture capital activity shows that Ostendo raised almost $10 million in VC funding during the second quarter.

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What Makes a Successful Startup Community? Is it Possible to Build One Where You Live?

Both Sides of the Table

But I would point out that these days there are really talented tech developers & teams everywhere. Think USV is only invested around Union Square in NYC? And in many communities that are new to building tech startups I’ve found that a lot of angel money is not very sophisticated at investing in startup companies.

Startup 378