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Westlake Village BioPartners Raises $500M In Two Funds

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Los Angeles-based life sciences investor Westlake Village BioPartners announced today that it has raised two new venture capital funds, worth a total of $500M, for its investments in biotech companies. The venture investor says it has now raised more than $820M in total for its investments. READ MORE>>.

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ACELYRIN Snags Funding For Biotech Effort

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Los Angeles-based ACELYRIN , a new startup biopharma company, announced this morning that it has raised a Series A funding. The funding came from Westlake Village BioPartners. Beth Seidenberg, MD, co-founding managing director of Westlake Village BioPartners, has joined ACELYRIN's board as part of the funding.

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Westlake Bio Unveils $320M Fund to Put Los Angeles on the Biotech Map

Xconomy

Los Angeles has long been in San Francisco’s shadow when it comes to life sciences investment. But a new venture capital firm led by industry veterans is trying to cast the City of Angels in a new light. Westlake Village BioPartners is launching today with $350 million in committed capital.

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CoverHound Raises $33.3M

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CoverHound , which has offices in Westlake Village, and is also one of the portfolio firms of Los Angeles-based venture investor Core Innovation Capital , has raised $33.3M Los Angeles investor Core Innovation Capital, which makes investments in fintech startups, also invested in CoverHound's prior round.

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Southern California's Woolsey Fire, As Seen From Space

socalTECH

Editor's note: Our apologies to our readers who use our service for keeping up on technology and finance news for our lack of coverage on Friday, as we were evacuated at 3am on Thursday morning as flames approached Thousand Oaks, and our homes and servers have been within the mandatory evacuation zones. READ MORE>>.

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Southern California Linked IPOs Grow

socalTECH

The number of Southern California related initial public offerings is growing steadily upwards, as Gevo --originally started in Pasadena, and based on technology out of Caltech and UCLA--hit the market this morning. Gevo is just the latest in a surge of companies hitting the public markets which have Southern California links.

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PurePhoto Buys PhotographyMentor.com, Launches Photo Site

socalTECH

Westlake Village-based PurePhoto.com , a new startup headed by former NextMedium COO John Ellis, and whose exec team includes prior executives from ReachLocal, ValueClick, and YellowPages.com, said Tuesday that it has acquired the assets of Los Angeles-based PhotographyMentor , an online photography education and social networking site.