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Joystick Ventures Finds $3M As Part Of $10M Venture Capital Fund

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Sherman Oaks-based Joystick Ventures, a new venture capital fund looking to invest in the videogame industry, has raised $3M as part of an ongoing, $10M venture capital fundraising, according to a regulatory filing by the firm.

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Processing.com Gets Private Equity Injection

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Sherman Oaks-based Processing.com , a provider of payment processing services, announced this morning that it has received a "significant" private equity investment, from LaSalle Capital. Size of that investment was not announced. The company said the funds would go to further invest in its technology and products.

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SaveFans Gets Seeded

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Sherman Oaks-based SaveFans , an online, third party marketplace for sports, concert, theatre, and other tickets, has recently scored a round of investment. The firm's first outside round came from angel investor Jamie Kennedy. SaveFans is headed by Wes Brodsky. Amount of the angel funding was not disclosed. READ MORE>>.

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Mission Ventures Re-Ups On Alpine Data

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San Diego-based venture capital investor Mission Ventures has re-upped its investment in San Francisco-based Alpine Data Labs , a developer of Hadoop software for the big data market. Alpine Data Labs'' was founded by the founders of Greenplum (Metapa), which had been backed by Mission Ventures and originally been based in Sherman Oaks.

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Red Mango Gets $1.2M

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Sherman Oaks-based Red Mango , one of a number of Korean-style frozen yogurt chains based in Los Angeles, has raised $1.2M of a $8M, venture funding round, according to a recent regulatory filing by the company. No details on the funding hav been released by the company. Crew, and P.F. Chang's, among others.

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Stacking Up Southern California's Cheap/Free 4G Wireless Providers

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Financial backers: Mangrove Capital, DCM, and Atomico, the investment arm of Skype founder Niklas Zennstrom. FreedomPop (Sherman Oaks) was created by the same folks who brought you free, peer-to-peer calling service Skype, and offers up fast, 4G wireless via a sleeve that connects to your 4G iPod touch.

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Channel M Acquired By PlayNetwork

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According to the firms, the deal includes investors Chartwell Capital Management, Talon Asset Management, and Joshua Green Corporation, as well as new investment involvement from Vintage Fund Management, Ascend Venture Group, and Intel Capital--all prior investors in Channel M. The firm will continue to maintain offices in Sherman Oaks.