Redpoint Ventures Closes $400M Fund

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Venture capital fund Redpoint Ventures , which has an outpost in Los Angeles, has some new cash in the bank, after announcing $400M in a new fund today, Redpoint V. The new fund follows Redpoint IV, which also was a $400M fund, which was raised three years ago. It's unclear how much the new fund will invest in Southern California companies; Redpoint has scaled back its activity in the region over the past few years. funding investment capital venture redpoint

Redpoint's Fouad ElNaggar Departs Firm

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In another switchup for venture capital firm Redpoint Ventures efforts in Southern California, Fouad ElNaggar , who had been covering Redpoint's investment efforts in Los Angeles, has departed the firm. fouad elnaggar redpoint venture capital executive cbsi

Redpoint Closes $400M Fund

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Redpoint Ventures , said late Monday evening that the firm has closed on Redpoint IV,a $400M, early stage venture capital fund specifically aimed at the social and mobile Internet, cloud computing, and clean technology. Redpoint's efforts in Southern California are headed by Brad Jones. Redpoint is based in Menlo Park with offices in Los Angeles. Tags: redpoint venture capital investment

Report: Redpoint's Martin Leaving Firm

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Greg Martin , the partner heading up Redpoint Ventures ' Los Angeles office, has reportedly left the firm, according to a report from the Private Equity Insider. Martin is no longer listed on Redpoint's web site, was not listed in its latest fundraising documents, and declined to comment on the story. Martin had actually disappeared from Redpoint's site in February, when Redpoint announced it had closed its $400M, Redpoint IV early stage venture capital firm.

Interview with Fouad ElNaggar, Redpoint Ventures

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Redpoint Ventures is one of the venture capital firms which has straddled both Northern California and Southern California, with offices in both locations. It would be interesting to hear about where your interests are nowdays, there was a rumor Redpoint had backed off activity here lately.

11 Honore Gets $8M For Runway Fashions

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The funding was led by Redpoint Ventures, and also included Forerunner Ventures, Upfront Ventures, Greycroft and Canvas Ventures, all existing investors. As part of the funding, Medha Agarwal of Redpoint Ventures will join the company's board. 11honore runway fashion ecommerce venture capital upfront redpointLos Angeles-based 11 Honore , a new startup offering up online shopping of designer, runway fashion, has raised $8m in a Series A funding, the company said on Monday.

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2U Raises $120M In IPO

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The company--which runs online degree programs for the University of Southern California (USC) and many other schools--had been backed by Redpoint Ventures, which funded the company out of its Los Angeles office. Those investments were led by former Redpoint VC Greg Martin. Redpoint Ventures owned 23.2 2U was previously known as 2tor, and first raised funding back in 2009 , when Redpoint was a very active Los Angeles area investment firm.

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Lastline Finds $10M For Malware Defense Software

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The new funding round was led by Redpoint Ventures and e.ventures, with Redpoint''s John Walecka joining the firm''s board. lastline malware defense software venture capital redpoint ucsb Santa Barbara-based Lastline has raised $10M in a funding round, to go towards the development of its malware defense software, the firm announced this morning.

Impact Radius Scores $6M

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The round was led by Redpoint Ventures. As part of the funding, Redpoint's Greg Martin joins the company's board of directors. Tags: impact radius venture capital startup advertising performance executive redpoint Santa Barbara-based Impact Radius , a developer of multi-channel, performance advertising technology, announced today that it has raised $6M in a venture funding round.

Can The Next Big Tech Company Be Built In LA?

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During Twiistup 8 a panel moderated by Jason Nazar (DocStoc) and joined by panelist David Travers (Rustic Canyon), Brian Norgard (Namesake), Fouad ElNaggar (Redpoint) and Demian Sellfors (Media Temple), spoke about if the next big tech company could be built in Los Angeles? Business Culture Entrepreneurship Events Startup Video Brian Norgard David Travers Demian Sellfors DocStoc Fouad ElNaggar Jason Nazar Media Temple Namesake Redpoint Ventures Rustic Canyon Partners Twiistup Twiistup 8

Online Learning Firm With Links To USC Gets Funded

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A New York-based online learning firm with links to the University of Southern California has scored a round of funding, and added Redpoint's Greg Martin to its board, the firm said this morning. 2tor said it raised $10M in a Series A financing from Redpoint Ventures, along with Novak Biddle Venture Partnres and City Light Capital, for its service, which helps universities create online degree programs. Redpoint's Martin is based in Los Angeles.

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HTML5 Games Company Goko Launches and Raises $8M in Series A Funding

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Goko is backed by Redpoint Ventures and Aslop Louie Partners from whom it raised raised $8m in Series A funding. Goko, a new HTML5 games company based in Redwood City California is set to help game developers easily distribute and monetize social games.

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SocialVibe Gains $9M

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According to the firm, the funding was led by JAFCO Ventures, and also included Series A investor Redpoint Ventures. Tags: jafco redpoint charity brand venture socialvibe capital internet Los Angeles-based SocialVibe said today that it has raised $8M in a Series B funding, for the firm's social media and brand charity site.

Study: $48 Billion In Value Created Over 15 Years In SoCal IT VC-Backed Firms

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The study, conducted by Jon Funk of OceanRoad Partners , includes data from socalTECH.com's proprietary venture database , Dow Jones/VentureSource, and Greg Martin of Redpoint Ventures. According to Redpoint's Martin, 2010 might be a strong year for exits, with a number of venture capital-backed, Southern California firms currently filed for initial public offerings.

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Victorious Gets $25M For YouTube Celebrity Apps

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The funding came from Marker Ventures, Dentsu Ventures, Kleiner Perkins, and Redpoint Ventures. Santa Monica-based Victoroius , which develops mobile apps focused on YouTube creators and celebrities, has raised $25M in a funding round, the company disclosed on Wednesday.

FriendO Claims 2.4 Million Players, Rapid Growth

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The startup says it is backed by such investors as Brad Jones (of Redpoint Ventures), Mucker Capital, and Michael Greenberg (President of Skechers). Los Angeles-based mobile gaming developer FriendO , which develops a social game which lets friends ask each other questions and gather answers, says it has just reached 2.4 million players, only six months of launch.

Sonos Files For IPO

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percent of the company before the IPO--as well as Index Ventures and Redpoint Ventures. Santa Barbara-based Sonos , which develops very easy to use, connected whole-home speaker systems, has filed for an IPO, saying in a filing on Friday that it is looking to raise up to $100M in an offering on the Nasdaq Global Select Market. The company has applied to list as SONO.

Pepperdine University, 2U In Online MBA Agrrement

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2U is based in Lanham, Maryland, but has longtime ties to Los Angeles; the company's first online education program was USC's Rossier School of Education, and one of the company's first investors before its IPO was Redpoint Ventures, which at the time was an active Los Angeles venture investor.

Sonos IPO Debut Expected Next Friday

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Sonos is backed by KKR, as well as Index Ventures and Redpoint Ventures. Santa Barbara-based Sonos, the developer of user-friendly, Internet-connected, whole-home audio systems, is expected to hit the market next Friday, August 3rd, according to the NASDAQ IPO Calendar. Sonos is looking to sell 13,888,888 shares of its common stock at between $17.00 and $19.00 per share. Actual pricing on the IPO should occur Thursday night.

Upfront Backs Tact.ai In New Funding Round

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According to Tact.ai, the new funding came from Amazon Alexa Fund, Comcast Ventures and Salesforce Ventures, with existing investors Accel Partners, M12 (formerly Microsoft Ventures), Redpoint Ventures and Upfront Ventures. Los Angeles-based venture capital investor Upfront Ventures has joined in a new round for one of its portfolio firms, Tact.ai , which announced a $27M Series C funding this morning.

Luxe Valet Raises $20M

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The funding came from Redpoint and Venrock, and also included the company''s prior investors, including Google Ventures, Sherpa Ventures, Lightspeed Venture Partners, Foundation Capital, and Data Collective, according to the report. Luxe Valet , the on-demand valet parking app provider which launched into LA in January , has reportedly raised $20M in a new financing.

Report: Uber Eyes Luxe's Technical Team

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Luxe is venture backed by Redpoint Ventures, Google Ventures, Sherpa Ventures, Lightspeed Venture Partners, Upfront Ventures, Foundation Capital, BoxGroup, Slow Ventures, Data Collective, Eniac Ventures, Rothenberg Ventures, as well as others. Ridesharing service Uber is looking to acquire the technical team behind Luxe , the luxury car parking startup backed by LA's Upfront Ventures, according to the WSJ.

TrueX Media Acquired For $200M, Says Report

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TrueX was previously known as SocialVibe, and is venture backed by Jafco, Norwest Venture Partners, Pinnacle Ventures, and Redpoint Ventures. Los Angeles- and New York-based video advertising company TrueX has been acquired by 21st Century Fox , according to a report from the WSJ this morning. The deal is reported to be worth $200M. TrueX Media offers up interactive, video advertising technology, and is led by Joe Marchese.

Tastemade, Jaunt Tap Ryan Seacrest, Conan O'Brien For Tour Through LA

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Jaunt is venture backed by The Walt Disney Company, Evolution Media Partners, China Media Capital, Highland Capital Partners, Google Ventures, Redpoint Ventures, Axel Springer, ProSiebenSat.1 Tastemade is venture backed by Goldman Sachs, Redpoint Ventures, Raine Ventures, Comcast Ventures, Liberty Media, Scripps Networks Interactive, and Tohokushinsha Film Corporation.

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BetterWorks Gets $8M

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According to the firm, the round was led by Redpoint Ventures, and will go towards hiring, expansion, and continued development of its platform. As part of the funding, Redpoint's Satish Dharmaraj joins the company's board of directors. Los Angeles-based BetterWorks , the employee benefits platform provider headed by Paige Craig, announced today that it has raised $8M in a Series A funding round.

Upfront Ventures Backs Tact In $15M Funding

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Mark Suster of Upfront Ventures joins Tact's board as part of the funding, which also included Microsoft Ventures, Accel Partners, and Redpoint Ventures. Los Angeles-based venture capital investor Upfront Ventures is the lead investor in a new, $15M Series B funding round for artificial intelligence software developer Tact. Tact develops artificial intelligence software for Salesforce which helps salespeople automate data entry into their CRM systems.

Gravity Acquired By AOL For $83M

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Gravity was venture backed by August Capital, Redpoint Ventures, and Upfront Ventures, and had raised around $20.6M Santa Monica-based Gravity , the real-time, personalization software developer led by Amit Kapur, has been acquired by AOL , in a deal worth $83M, plus $7.7M in earnout.

Machinima.com Raises $9M for Entertainment Content

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Los Angeles-based Machinima.com , an online entertainment site focused on video gamers, has raised $9M in a investment from Redpoint Ventures, the firm said this week. As part of the investment, Geoff Yang of Redpoint will join the firm's board. The firm said the Series B funding round will go towards accelerating further growth at the company.

Why SoCal's VCs Are Ignored On Forbes' Midas List, By The Numbers

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The Forbes' list hasn't included a Southern California venture capitalist since around 2006 , when it included Jim Armstrong (then at Clearstone Venture Partners), Brad Jones (then at Redpoint Ventures), Andrew Senyei of Enterprise Partners, Bill Elkus, also of Clearstone, and James Blair of Domain Associates. Ever wonder why Southern California venture capitalists rarely, if ever, make it onto the Forbes Midas List of the best venture capitalists?

Clicker.com Adds Blake Krikorian To Board, Investors

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Clicker is venture backed by Benchmark Capital and Redpoint Ventures, and was founded by former Ask.com CEO Jim Lanzone. Kirkorian joins Bill Gurley of Benchmark Capital and Geoff Yang of Redpoint on Clicker's board.

Clicker Gets $2.0M More

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Clicker had announced in February that it had received $11M from JAFCO Ventures, Benchmark Capital and Redpoint Ventures. Los Angeles-based Clicker.com , the online video programming guide firm headed by former Ask.com CEO Jim Lanzone, has raised an additional $2.0M

2tor Scores $20M

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The funding was led by Highland Capital, and also included Redpoint Ventures, Novak Biddle Venture Partners, and City Light Capital. Redpoint's Greg Martin, who is based in Los Angeles, represents the firm on 2tor's board. 2tor , a New York-based firm with strong links to the University of Southern California and a local Los Angeles office, has raised $20M in a Series B funding round.

Qualcomm Backs Cyanogen In $80M Round

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According to Cyanogen, Qualcomm joins Premji Invest, Twitter Ventures, Telefonica Ventures, Smartfren Telecom, Index Ventures, Access Industries, Rupert Murdoch, and Vivi Nevo, plus prior investors Benchmark, Andreessen Horowitz, Redpoint Ventures, and Tencent Holdings Ltd. San Diego-based Qualcomm is one of the investors in mobile operating system developer Cyanogen , as part of that company''s new, $80M Series C funding.

Tastemade Raises $40M

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Tastemade said the funding was led by Goldman Sachs' Merchant Banking Division, and also included Redpoint Ventures, Raine Ventures, Comcast Ventures, Liberty Media, Scripps Networks Interactive, and Tohokushinsha Film Corporation. Santa Monica-based food content and programming startup Tastemade has raised $40M in a Series D funding, the company announced this morning, to further expand its content channels.

Clicker Raises $8M, Launches Video Search Engine

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Los Angeles-based Clicker.com , a startup looking to index and search online television content, launched Tuesday at the TechCrunch50 conference, saying it has raised $8M in venture funding from Benchmark Capital and Redpoint Ventures.