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Entrada Ventures Raises $1.6M In SPV

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Santa Barbara-based Entrada Ventures, a venture capital firm led by Alexander Fang, the former co-founder of Aurrion (acquired by Juniper Networks), has raised $1.6M in a special purpose venture investment fund. The SPV was disclosed through a regulatory filing.

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Maverick Angels Expands Network

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Maverick Angels , one of the angel investment groups in the Los Angeles area, said this afternoon that the group is launching two new chapters, expanding into the Santa Barbara and South Bay area. Tags: venture capital investment angel angels maverick. READ MORE>>.

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DFJ Frontier Gets Exit At ClearAccess

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Los Angeles- and Santa Barbara-based DFJ Frontier , the venture capital firm founded by David Cremin and Scott Lenet, has scored an exit at one of its portfolio firms, ClearAccess. Financial details of the buy were not disclosed.

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UCSB Tops Harvard & Wharton In Startup Wars

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Instead, grab your surfboard and head to UC Santa Barbara. In addition, Entrepreneur Magazine recently included UCSB in its Top 50 Schools For VC Backed Entrepreneurs at number 37. A decent showing, but well below a number of larger schools, as the ranking is based on the number of graduates who secured VC funding.

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Reflections on 2018: Mike Panesis, Center for Entrepreneurship at CLU

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In May, the Center co-hosted the first New Venture Ventura County, a celebration of student entrepreneurs from grade school to grad school. Thanks so much to our co-hosts Aspire3, VC Innovates and RC Makes, and to lead sponsor NewCo Foundation. READ MORE>>.

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AxiaMed Adds $12.4M For Healthcare Payment Tech

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Santa Barbara-based AxiaMed , which is developing healthcare payments technology, said late Tuesday afternoon that it has raised $12.4M The funding was led by Health Enterprise Partners (HEP), and also included Nashville Capital Network and other existing investors. in a funding round.

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CALIENT Technologies Gets $27 Million

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Santa Barbara-based CALIENT Technologies said this morning that it has raised $27M in a round of venture funding, from both new and existing investors. According to Calient, it will use the funding to enhance its portfolio of optical circuit switching systems, to extend its IP portfolio, and for working capital.