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Q3 Southern California Venture Deals Around $879M

socalTECH

A quick analysis by socalTECH of our tracking of venture capital deals in Southern California finds that there was around $879M in venture funding activity here in Q3. San Diego led investment activity in Q3, with a large number of the biggest VC deals all located in the area.

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Gamma Medica-Ideas Raises $24M

socalTECH

Northridge-based Gamma Medica-Ideas , a developer of digital molecular imaging systems, said Tuesday that it has raised $24M in financing. The equity funding came from Psilos Group, along with Capital Resource Partners, which also provided mezzanine debt to the firm.

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An electrical engineer by training he has built embedded medical devices, consulted on lean/agile, founded a couple of (failed) startups, worked as a VC, and has advised and invested in a small handful of early stage companies. Prior to joining WellnessFX (consumer directed health technology), he completed his MBA at Stanford. 4pm: PLANET.