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Avalon Ventures Backs Averon For Mobile Identity Verification

socalTECH

La Jolla-based venture investor Avalon Ventures is the lead investor in a round for San Francisco-based Averon , a developer of mobile identity verification software. The funding was led by Avalon Ventures, and also included Salesforce founder and CEO Marc Benioff. Avalon Ventures' investment was managed by Brady Bohrmann.

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Avalon Leads Investment In Standing Cloud

socalTECH

San Diego-based venture capital firm Avalon Ventures has led an investment in a cloud computing company, Standing Cloud , based in Boulder, Colorado. According to Standing Cloud, it received a $3M, Series B financing from Avalon, which also included the firm's prior investor, The Foundry Group.

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Avalon Ventures Backs LoopIt

socalTECH

San Diego-based venture investment fund Avalon Ventures has made a seed investment in a developer of a social shopping service, LoopIt , according to the companies. Avalon's Rich Levandov was involved in the investment. Avalon's Rich Levandov was involved in the investment. READ MORE>>.

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Avalon Ventures Leads Round In AeroFS

socalTECH

San Diego-based venture investor Avalon Ventures is the lead investor in a new, $10M funding round for AeroFS , a developer of private cloud collaboration software. AeroFS said the Series B funding also included NHN Investment. Avalon's Rich Levandov represents Avalon Ventures on the AeroFS board. READ MORE>>.

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Avalon Ventures Backs TwinStrata

socalTECH

La Jolla-based venture capital investor Avalon Ventures is the lead in a round for cloud data storage firm TwinStrata , TwinStrata said today. TwinStrata, which is based in Masachusetts, said that Avalon lead its Series B funding round, which was worth $8M. Avalon's investment in TwinStrata was headed by Rich Levandov.

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After Investing, GSK to Buy Out Celiac Drug Developer Sitari Pharma

Xconomy

GlaxoSmithKline is acquiring a startup it helped launch in 2013 as part of an alliance with life sciences venture capital firm Avalon Ventures. Avalon said Tuesday that GSK (NYSE: GSK ) has agreed to buy the company, Sitari Pharmaceuticals, which has been developing a treatment for celiac disease.

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AnaptysBio Names New Chief Development Officer

socalTECH

San Diego-based therapeutic antibody developer AnaptysBio announced this morning that it has named Marco Londei as its Chief Development Officer. AnaptysBio is backed by Alloy Ventures, Avalon Ventures, Frazier Healthcare Ventures, Novo A/S, Numenor Ventures, WS Investments, and others. READ MORE>>.

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