Steamboat Ventures Backs Elemental Technologies

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Los Angeles-based Steamboat Ventures , the venture capital arm of the Walt Disney Company, has backed a firm developing massively parallel video processing technology, Elemental Technologies. According to Elemental, which is based in Portland, Steamboat was a new investor in its $7.5M, Series B funding round. Steamboat's Scott Hilleboe joins Elemental's board as part of the funding.

GameSalad Expands To Android

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Los Angeles- and Austin-based GameSalad , the developer of mobile game development software, has expanded from the iOS world into Android, the company said this morning. gamesalad android games mobile iphone development software market

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Steamboat Supports Baynote In Latest Round

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Burbank-based Steamboat Ventures , the venture capital arm of the Walt Disney Company, has re-upped its investment in San Jose-based Baynote , a developer of personalization and marketing software for the enterprise market. Baynote said that it raised $13M in a Series C led by SingTel Innov8, which also included prior investors Hummer Winblad, Steamboat Ventures and JK&B Capital. Steamboat's Dan Beldy sites on the board of directors of Baynote.

GameSalad Finds New CEO

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Los Angeles-based GameSalad , the developer of software which makes it easy to create iPhone and other iOS games, has named Steve Felter as the new CEO of the company. Felter previously was COO and CFO of DigiSynd, before it was acquired by The Walt Disney Company.

GameSalad Ships Universal Binaries For iOS

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GameSalad , the Los Angeles- and Austin-based developer of software which makes it easy for game developers to develop their own, Apple iOS and web games without coding, has just launched a new, universal binary for ioS. The new feature--which debuted last week--means that developers no longer have to create separate targets and apps for each of Apple's various platforms when using GameSalad.

Steamboat Boosts Video Advertising Firm

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Burbank-based venture capital firm Steamboat Ventures , which is affiliated with the Walt Disney Company, has led a new investment in a Bay area video advertising and monetization firm, FreeWheel. According to FreeWheel, Steamboat led a $16.8M funding, which also included Turner Broadcasting, Battery Ventures, and Foundation Capital. Steamboat's investment was led by Dan Beldy. Tags: freewheel disney ventures steamboat

Passenger Self-Service Community Software

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Los Angeles-based Passenger , a developer of software used by brands to run online communities for their customers, announced today that it has released a new version of its platform. According to the company, it has expanded its product to allow agencies to build and manage their own communities using its software. Previously, Passenger provided full-service development of those communities.

EMN8 Raises $14.4M

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San Diego-based b>EMN8 , a developer of order taking kiosks for the fast food industry, has raised $14.4M The funding has not been announced by the company. The firm no longer lists former investor Steamboat Ventures on its web site as an investor. Tags: emn8 kiosk fast food retail hardware venture capital in a funding round, according to a regulatory filing by the firm this week. EMN8 is backed by GRP Partners, Sid R.

Passenger Gets Win With NYSE Euronext

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Los Angeles-based Passenger , which develops online communities for brands, said Thursday that the firm is powering a new private online community for NYSE Euronext (NYX). Passenger said that the community is for investor relations executives of NYSE-listed companies. Passenger is venture backed by Shelter Capital Partners, StarVest Partners, and Steamboat Ventures.

Passenger Gains $7.5M More

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Los Angeles-based Passenger , a developer of private social networking sites for brands, said today that it has raised an additional $7.5M The round came from Shelter Capital Partners, StarVest Partners, and Steamboat Ventures, all existing investors in the firm. The company said that the investment was led by DR. Bahram Nour-Omid. Tags: venture capital passenger executive social networking brand branding corporate

EdgeCast Networks Raises $10M

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EdgeCast said the round was led by Menlo Ventures, and also includes an investment from Steamboat Ventures, a prior investor in the company. The new funding will go towards developing and launching new value-added services, expand its network, and for sales and marketing. As part of the funding, Pravin Vazirani of Menlo Ventures has joined the company's board of directors. Tags: network delivery content capital venture networks edgecast

EdgeCast Partners With Deutsche Telekom

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Deutsche Telekom ICSS, which is the wholesale division of Deutsche Telekom, is announcing today that it will launch a new content delivery solution which it has developed in partnership with EdgeCast Networks. The new CDN service is targeted at video, audio, content publishers, gaming companies, advertisers and others with need for streaming video delivery or web content acceleration. EdgeCast offers content delivery services, and is backed by Steamboat Ventures.

Four Firms Hoping To Tap Into Facebook's 500M Users

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On the heels of the announcement this morning by Facebook that it has officially hit 500 million users, socalTECH has mined its database of high tech companies , and identified a few of the firms here in Southern California hoping to ride Facebook's coat-tails to success and fortune. Favrav , Westlake Village - FavRav has developed an online tool to help small businesses to promote and gain referrals from facebook users.

Gendai Games Raises Funding

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Los Angeles- and Austin-based Gendai Games , a publisher of iPhone game development software, has raised a round of funding, according to the firm. The round was led by DFJ Mercury, and also included investments from Steamboat Ventures, DFJ Frontier, and ff Asset Management. According to Founder and CEO Michael Agustin, the funding will go towards more marketing for the firm, as well as to expand the company's team.

Passenger Wins Microsoft

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Los Angeles-based Passenger , which develops private, online communities for brands to help them gain insight into their customers, said today that Microsoft Corp. Passenger said that Microsoft has been using the company's service since the beginning of 2008, to gain insight into members of Generation Y, the target of Microsoft's KIN brand. The firm is venture backed by Shelter Capital Partners, StarVest Partners, and Steamboat Ventures.

Venture Conference Highlights SoCal Startups

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The conference, held at the Westin South Coast Plaza in Costa Mesa, featured pitches by eight different companies vying for the attention--and pocketbooks--of venture capitalists.

This Week in Venture Capital – Episode 4

Both Sides of the Table

Other players such as Obopay have set out to focus on mobile person-to-person cash transfers, mFoundry (a GRP portfolio company) has focused on mobile banking and a mobile wallet and one of my favorite companies m-via is focusing on mobile remittances (right now between the US and Mexico).