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Bluebeam Nets Local Angel Groups 20X Return

socalTECH

Local angel groups have hit the jackpot again with an investment, this time with the October acquisition of Pasadena-based Bluebeam in a $100M deal by German software company Nemetschek AG. Lee founded Bluebeam as a spinoff of Alliance Spacesystems, launching its first products in 2003. READ MORE>>.

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Angel Investment Criteria

SoCal CTO

I’m planning on going to a Tech Coast Angels mixer tomorrow and the topic for me is whether there is angel funding out there for startups that don’t meet classic VC models. By way of background for the question, there’s a great post by Bob Aholt, a Pasadena Angel: An Angel Investor’s Thoughts on Valuation.

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Q3 Venture Investments For SoCal Total Around $1.0 Billion

socalTECH

Southern California venture totals for Q3 totaled around $1.0 billion in investments, according to the Q3 analysis of venture capital deals by socalTECH.com. billion invested in Q2. In terms of industries, Biopharmaceutical investments led the quarter with around $260.4M

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Ranker Raises $1.3M

socalTECH

The funding was led by Tim Draper of Draper Fisher Jurvetson , and also included Rincon Venture Partners , Newport Coast Investments , Gil Elbax of Factual, the Pasadena Angels , and Siemer Venture Capital.

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Gridtest Systems Gets Seeded

socalTECH

Los Angeles-based Gridtest Systems , a developer of measurement tools for the electric vehicle (EV) market, said this morning that it has raised a seed round of funding from the Pasadena Angels and the Tech Coast Angels. Financial terms of the investment were not announced. READ MORE>>.

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Meet Launchpad LA’s Graduating Startups

Tech Zulu Event

million led by GRP Partners, with participation from Baroda Ventures, Bertelsmann Digital Media Investments (BDMI), Daher Capital, Double M Capital, Karlin Ventures, Clark Landry, Andy Rankin, and Launchpad LA. The product integrates with Salesforce, Twitter, Zendesk and many other popular SaaS products.

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How GridTest Is Helping To Build The Next Electric Car, With Neal Roche

socalTECH

The clean technology sector is infamous for taking a big toll on startups--requiring large investments, risky technology propositions, steep international competition, and fickle government policies. What are GridTest's products used for? Our product has gone to China, Taiwan, Australia, and Europe.

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