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17hats Gets $1.25M For Small Business Automation Software

socalTECH

Pasadena-based 17hats , a developer of business automation software, has raised $1.25M in a seed funding round, according to the company. The funding was led by Wavemaker Partners, along with un-named strategic investors and angels. Eric Manlunas of Wavemaker Partners joins 17hats'' board as part of the funding.

Software 100
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Virtualitics Finds $4.4M For VR, AR Tools

socalTECH

Pasadena-based Virtualitics , a developer of analytics software aimed at the virtual reality and augmented reality application market, has raised $4.4M in a funding led by The Venture Reality Fund, the company said today. READ MORE>>.

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Virtualitics Raises $3M For AR/VR/AI Startup

socalTECH

Pasadena-based Virtualitics , a new startup which provides data visualization in virtual reality (VR) and augmented reality (AR) environments, and says it uses machine learning and artificial intelligence, has raised $3M in a seed funding round. The funding came from un-named angel investors.

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Rexter Gets $1.5M To Put Contact Management On Steroids

socalTECH

Rexter , a brand new, Pasadena startup looking to put business contact management on steroids, said today that it has raised $1.5M in a seed funding round, which included local high profile technology executives Ted Meisel, Gil Elbaz, Sean Moriarty, Jarl Mohn, along with Siemer Ventures. READ MORE>>.

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FastSoft Names New CEO

socalTECH

Pasadena-based FastSoft, which develops network acceleration technology, announced today that it has named J. Snyder has been involved in seed funding and founding such companies as Netboost (acquired by Intel), Jibe Networks, and Proxinet (acquired by Puma Technologies). Edward Synder as the firm's CEO. READ MORE>>.

Miramar 100
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Counting Angels

Steve Reich

If you can’t raise from a few strong angels, from seed funds or from a VC then raising from a ton (let’s say 20+) angels is a perfectly acceptable strategy. MindBody (MB on Nasdaq), just went public with a $500mm market cap, and they had a significant number of Pasadena Angel as investors. ” Well said, Mark.

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Angel Funding Advice

Both Sides of the Table

I’m a software guy so I’m sure there are cases where building isn’t feasible. Professional angels / former entrepreneurs / seed funds – In Silicon Valley there are people like Ron Conway, Jeff Clavier, Mike Maples and many more. Product : You should build a product or a prototype.

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