Redpoint's Fouad ElNaggar Departs Firm


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

Interview with Fouad ElNaggar, Redpoint Ventures


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.

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Redpoint Ventures Closes $400M Fund


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 Closes $400M Fund


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

Jaunt Finds $65M To Open VR Studio In Los Angeles


SE, Axel Springer SE, The Madison Square Garden Company plus Google Ventures, Highland Capital, Redpoint Ventures, Sky and SV Angel. Jaunt , a developer of cinematic, virtual reality hardware and software, said this morning that it has opened up a new, virtual reality studio in Los Angeles, after receiving $65M in a Series C funding.

Victorious Gets $25M For YouTube Celebrity Apps

SoCal Tech Calendar

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.

Former LA VC Gets Backing For Enterprise Alerting, Micro Apps Startup


Fouad ElNaggar , a former venture capitalist who had been responsible for the Los Angeles office of Redpoint Ventures, has scored funding for a new startup, Sapho. ElNaggar was in Redpoint's LA offices from 2005 until 2011, and had stints on the boards of Machinima and Hark, among other companies. redpoint elnaggar fouad capital venture employees software alerts enterprise sapho

Machinima Gets $24M, But Chops Staff


along with Redpoint Ventures, MK Capital, Coffin Capital and Allen DeBevoise. Los Angeles-based YouTube network Machinima revealed last week that it has raised $24M in a funding round from Warner Bros., However, the company also made some big cuts in its staff on Friday, following the funding round. According to reports from the Hollywood Reporter, Machinima cut 14 percent of its staff on Friday, immediately following the announcement of the new funding round from its backers.

True(X) Media Finds $6M


The online advertising technology provider said the funding came from prior backers Jafco Ventures, Pinnacle Ventures, Norwest Venture Partners and Redpoint Ventures. Los Angeles-based True(X) Media --which was most recently known as SocialVibe--disclosed this week that it has raised $6M in a new funding round.

BetterWorks Shutting Down On May 31st


BetterWorks had raised $10M in funding from Redpoint Ventures. In what is a huge blow to Silicon Beach, Santa Monica-based BetterWorks , the software-and-technology-meets-employee-perks startup run by Paige Craig, told its users today that it is sunsetting its site on May 31st. According to an email from Craig, the company decided to close down the BettterWorks perk platform, and will not longer be active after next Thursday.

WebVisible Cuts Deal with Husqvarna


WebVisible is venture backed by Adams Street Partners, Redpoint Ventures, and Sutter Hill Ventures. Irvine-based WebVisible , which provides local online marketing services and software, and chainsaw maker Husqvarna said this morning that the two are in an online search advertising partnership.

2U Raises $120M In IPO


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.

Machinima Raises $3.4M


Machinma is venture backed by Redpoint Ventures, MK Capital, and others. Los Angeles-based Machinima , which operates a video entertainment network for video gamers and develops associated animated content tools, has raised $3.4M as part of an ongoing, $5.0M fundraising round, according to a regulatory filing from the firm. Source of the new funds have not yet been announced by the company. READ MORE>>. machinima venture capital videogame video game fundraising fund

BetterWorks Adds Group, Administrative Features


BetterWorks, which is headed by Paige Craig, is backed by Redpoint Ventures. Santa Monica-based BetterWorks rolled out a new set of features Monday for its service, which is used by employers to manage fringe benefit programs for their employees.

BetterWorks Gets $8M


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.

Chill Becoming Pinterest For Videos?


Chill is venture backed by Kleiner Perkins Caufield & Byers, Redpoint Ventures, Atlas Venture, Paul Kedrosky, and CrunchFund.

Southern California Startups Raise $761.12M in Q2 2014


True Ventures and Redpoint Ventures both had 3 investments each. The latest venture capital totals from the PricewaterhouseCoopers/National Venture Capital Association''s MoneyTree Report was released this evening, tallying up $761.12M in investments in Q2 of 2014 in Southern California, up from Q2 of 2013, when $616.83M was invested in the region. The numbers are based on data provided to the two by Thomson Reuters.

2tor Finds $32.5M


The funding came from Highland Capital, Redpoint Ventures, Novak Biddle Venture Partners, and CityLight. New York-based 2tor , the online education startup which powers online degree programs from the University of Southern California (USC) and others, has raised $32.5M in a Series C funding. Greg Martin, of Los Angeles-based Archer Venture Capital, sits on 2tor's board. 2tor also has operations near USC. READ MORE>>. 2tor venture capital funding education degree startup

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Chill Links Into Hulu


Chill is venture backed by Kleiner Perkins Caufield & Byers, Redpoint Ventures, Atlas Venture, and CrunchFund. Los Angeles-based Chill , the social chat startup headed by Brian Norgard and Dan Gould, said today that it has launched a major integration of its site with Hulu. Chill allows users to view, chat, and comment on live video streams via social rooms, complete with avatars representing users.

Los Angeles Startup Community


I was just talking with someone who's new to Los Angeles and wanting to connect into the Los Angeles Startup Community. I told them that I had recently seen several posts/articles talking about how vibrant the community has become. As is usual, I couldn't remember where I had seen those posts. So, I promised I would create this post to help point them in the right direction. I will do my best to keep this up to date.

Impact Radius Scores $6M


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.

SVnetwork Names Marketing Head


SVnetwork is backed by Redpoint Ventures, Jafco Ventures, and Pinnacle Ventures. Los Angeles-based SVnetwork (SocialVibe) said today that it has named Larry Lieberman as Chief Marketing Officer at the social advertising firm. Lieberman has previously served at firms Aniboom, Virgin Comics, Virgin Animation, Comedy Central, Warner Music Group, and MTV. SocialVibe provides an online advertising platform which encourages users to share and engage with brands.

Topspin Ties With MTV On Artists.MTV


Topspin, which is led by Ian Rogers, the former GM of Yahoo Music, is venture backed by Redpoint Ventures and The Foundry Group. Los Angeles-based Topspin and MTV said Thursday at SXSW that the two are in a new partnership, on a new initiative called Artists.MTV. The new project taps Topspin's marketing platform, to provide artists with pages on MTV with ways to connect with fans, and allows fans to buy music, merchandise, and tickets.

Interview with David Aronchick, Hark


Last week, we talked with Fouad ElNaggar of Redpoint Ventures about some of the interesting companies in Southern California. Hark is backed by Redpoint, and happens to be co-founded by Fouad. Was Fouad with Redpoint at the time? However, Redpoint still wanted to go in.

Online Learning Firm With Links To USC Gets Funded


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.

Report: WebVisible Shuts Down


WebVisible had raised over $37M in venture capital, from such investors as Adams Street Partners, Redpoint Ventures, and Sutter Hill Ventures. Irvine-based online advertising firm WebVisible has shut down, according to a report Wednesday. Former WebVisible employees had been telling socalTECH over the last few months that the firm was looking for a buyer. The company has not yet confirmed the shutdown, however, founder and CEO Kristen Mangers had left the firm in January in 2011.

Gravity Gets $10.6M More For Real Time Personalization


The funding was led by GRP Partners, and also included Redpoint Ventures and August Capital. Santa Monica startup, Gravity --headed by former MySpace COO Amit Kapur--announced this morning that it has raised $10.6M in a Series B financing round for its personalization technology.

Clicker Acquired By CBS Interactive


Clicker was venture backed by Benchmark Capital, JAFCO, Redpoint Ventures, and Blake Krikorian, and had raised around $21M in funding. Los Angeles-based , the provider of a guide to online video, has been acquired by CBS Interactive , the firms said Friday.

Topspin Releases Ticket App To App Store


Topspin--which is backed by the Foundry Group and Redpoint Ventures--develops software which helps artists market their music, and is headed by Ian Rogers, the former GM of Yahoo Music. Venice, California-based Topspin Media , the venture backed developer of music marketing software and applications, has released its venue ticketing software to the Apple App store. The app allows music venues to scan paper and smart-phone tickets sold through Topspin's software using their iPhone.

The Coming Shift in Enterprise Software

Both Sides of the Table

I also have really enjoyed working with Satish Dharmaraj at Redpoint who like me was an enterprise software CEO (he was the founder & CEO of Zimbra — so he’s a perfect board partner for Tact).

Topspin Preps Updated iPhone Ticket App


Topspin is venture backed by the Foundry Group and Redpoint Ventures, and Ian Rogers is the former GM of Yahoo Music. Venice, California-based Topspin , the online music marketing software firm headed by Ian Rogers, said today that it is prepping an update to the firm's iPhone application for ticketing. The software is used by Topspin's customers to scan tickets sold through Topspin's software.

Topspin Adds Discounts For Multiple Accounts


Topspin is headed by former Yahoo Music GM Ian Rogers, and backed by Foundry Group and Redpoint Ventures. Los Angeles-based Topspin , the developer of online marketing and commerce software for musicians and music labels, announced this morning that it is now providing discounted, multiple account software for record labels, marketing agencies, and others. Topspin said its new offering, called Label Pricing, will provide batched account upgrades for a single price.

Chill Rolls Out Music Lounges, Streams TC Disrupt


Separately, the firm said the streaming of TechCrunch Disrupt is its first branded custom community; TechCrunch founder Michael Arrington is an investor in Chill, as are Kleiner Perkins Caufield & Byers, Redpoint Ventures, Atlas Venture, and Paul Kedrosky.