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Topping the list of IRR investments was Clearstone Venture Partners I-B, L.P. , a 1999-vintage fund from Santa Monica-based Clearstone, which had an IRR of 154.7 Second on the returns list was Avalon Ventures VIII, L.P. percent IRR for the La Jolla fund, vintage year 2007.
Santa Monica-based Clearstone Ventures appears to be on an exit roll this month, with the acquisition Thursday of Ankeena Networks , a supplier of software for content delivery networks. Clearstone's Sumant Mandal sits on Ankeena's board of directors. Tags: clearstone ventures merger acquisition ankeena networks juniper.
Santa Monica-based venture capital firm Clearstone Ventures was among the big winners Wednesday in the IPO debut of Sunnyvale-based Meru Networks , a developer of virtual wireless LAN products. Clearstone was the biggest shareholder in Meru before the IPO, with 20.9 to $15.00, and closing at $19.17 for the day--up 27.8%.
Santa Monica-based venture capital firm Clearstone Ventures is backing a Bay Area gift card-based, payment network, Openbucks , as part of a Series A funding for Openbucks. According to Openbucks, it has raised $4.8M
rubicon project merger acquisition clearstone news mayfield winners frank addante' Who were the biggest winners in the successful IPO of Santa Monica-based Rubicon Project ? Based on Rubicon''s current price (around $19.24
Santa Monica-based venture capital firm Clearstone Ventures has scored an acquisition in its portfolio today, with the acquisition of Apture by Google. Apture had been backed by Clearstone Venture Partners, Beau Vrolyk, Paul Maritz, and Steve Taylor. Clearstone was involved in Apture's Series A in March of 2009.
Santa Monica-based venture capital firm Clearstone Venture Partners currently tops the list for the best performing fund within CalPERS private equity funds, according to recently released figures from CalPERS. According to the numbers, Clearstone Venture Partners 1-B, which was raised in 1999, has returned CalPERS so far 154.7
Santa Monica-based Clearstone Venture Partners has upped its investment in Mumbai, India-based Games2Win , an online developer of casual and other games. Rajan Mehra of Clearstone Ventures joins the board of directors of Games2Win along with the funding. Clearstone's efforts in India are run by Sumant Mandal and Rajan Mehra.
Had a great chat with Jim Armstrong who is a General Partner at Clearstone Venture Partners today on TWiVC. Clearstone currently invests out of a $200 million fund based in LA with offices in Menlo Park and in India. Segment One: Jim’s background and Clearstone’s investment strategy.
Santa Monica-based Clearstone Ventures has had another exit in its portfolio, this time with the acquisition of Cetas , a developer of cloud data analytics software, by VMware. Cetas was incubated in Clearstone's Palo Alto offices by Sudhakar Muddu, a Ph.D. Financial terms of the acquisition were not disclosed. READ MORE>>.
A portfolio firm of Santa Monica-based Clearstone Ventures , Meru Networks , filed for an IPO late Friday night, saying it is looking to go public on the NYSE. owned by Clearstone Ventures, said it would look to raise up to $86.25M in an IPO underwritten by BofA Merrill Lynch, Baird, Cowen and Company, JMP Securities LLC, and ThinkEquity LLC.
Santa Monica-based venture capital firm Clearstone Ventures has backed a developer of an online social dating and games firm, CupidsPlay. CupidsPlay said it received seed funding from Clearstone. Financial details of the investment were not disclosed. CupidsPlay is based in Bellevue, Washington. READ MORE>>.
Santa Monica-based Clearstone Venture Partners is the lead investor in a Northern California firm focused on the blogging and publishing industry, Apture. David Stern and Sumant Mandal of Clearstone have joined Apture's board along with the funding. Tags: ventures blogging content venture clearstone capital publishing apture.
Over the last few months, Santa Monica-based Clearstone Ventures (www.clearstone.com) has had a number of high profile exits in its portfolio. Clearstone itself was an incubated entity, out of Idealab, it was Idealab Capital. Tags: ankeena exit financial idealab ventures clearstone capital venture interview mandal sumant.
For today's contribution, we spoke with Jim Armstrong , a venture capitalist at Clearstone Venture Partners. We asked the same five questions of a variety of top technology entrepreneurs, investors, and others, to hear what they're thinking about, and are sharing it here over the next two weeks.
The acquisition was a big win for Southern California's investors, particularly from Clearstone Venture Partners and the Tech Coast Angels. Integrien was venture backed by Clearstone Venture Partners, Acartha Group, Mariner Capital Ventures, and the Tech Coast Angels. Clearstone owned about half of the firm.
The IPO is a huge win for backers Clearstone Ventures, News Corp., It''s been a long road for Rubicon''s backers, who first invested in the company back in 2007, when Clearstone Ventures invested in Rubicon''s Series A funding. Clearstone owned about 24.0% Rubicon--which priced at $15.00 per share on its first morning as RUBI.
BitAngels angel investment group focused on Bitcoin; is a backer of Santa Monica-based GoCoin; and has investments in such companies as Playsino and Xfire, in addition to being involved with the Clearstone Global Gaming Fund. READ MORE>>. brock pierce mtgox bitcoin currency exchange'
Addante said the firm--which has taken $42M in venture capital from Clearstone, Mayfield, IDG, and Peacock Equity fund--is on track to achieve the "ultimate test of success" for any startup, profitability.
Jordan is well known for her work promoting the Los Angeles technology industry, and has previously served at such firms as Clearstone Venture Partners, Rubicon Project, ThisNext.com, and others. BetterWorks develops software and services focused on delivering fringe benefits to employees.
Games2Win , the provider of online casual games backed by Clearstone Venture Partners, has scored an investment from Nirvana Venture Advisors, according to a number of Indian business publications. The firm is one of the companies which Clearstone has invested in as part of its efforts in India. Games2Win is based in Mumbai, India.
com), Carlos Bhola (Vonage), Kamran Pouzanjani (PriceGrabber), and William Quigley and Jim Armstrong (Clearstone Venture Partners). Playsino is backed by IDM Venture Capital, Eric Schmidt (Google), Michael Robertson (MP3.com), READ MORE>>.
The list of angel investors--a veritable Who's Who of technology investors in Southern California--included William Quigley and Jim Armstrong of Clearstone Ventures; Brock Pierce; MP3.com's According to Titan, it is focused on developing a "complete" gaming platform for skill-based matchmaking, tournaments and points or cash competitions.
Yesterday, Tom Tierney of the Tech Coast Angels responded with his own thoughts on the subject, and today, we have a few comments from Jim Armstrong , Managing Director at Clearstone Venture Partners. I remember the day Clearstone associate Jaideep Singh came into my office and said "Dude, you got to meet these guys and you got to invest."
com), Carlos Bhola (Vonage), Kamran Pouzanjani (PriceGrabber), and William Quigley and Jim Armstrong (Clearstone Venture Partners). Playsino develops social, casino games which run on Facebook, and is venture backed by IDM Venture Capital, Eric Schmidt (Google), Michael Robertson (MP3.com),
Rubicon is venture backed by Clearstone Venture Partners, IDG Ventures, Mayfield, News Corp., Peacock Equity Fund, Stanford University, and the University of California Berkeley. The company was founded in 2007.
Rubicon is venture backed by Clearstone Ventures, News Corp., The company''s IPO is being underwritten by Morgan Stanley, Goldman, Sachs, & Co., RBC Capital Markets, Needham & Company, Oppenheimer & Co, and Luma Securities. Mayfield, as well as others. The firm reported revenues of $57.0M
William Quigley , a venture capitalist at Clearstone Venture Partners, is making the argument that venture capital returns are set to return superior returns in the coming years, due to the disinterest of institutional investors. Disclosure: Clearstone is a sponsor of socalTECH). READ MORE>>.
LeisureLink was venture backed by Clearstone Venture Partners and Mission Ventures, and also had received a strategic investment from Wyndham Worldwide. Clearstone''s Jim Armstrong joins VacationRoost''s Board of Directors as part of the deal. The company was led by Tom Lamb.
Geodelic has previously raised funding from Clearstone Ventures, Shasta Ventures and MK Capital, all of whom also participated in that June investment. Geodelic has been privately discussing its relationship with Verizon with investors all year, but had not officially confirmed the relationship until last week.
Rubicon is venture backed by Clearstone Venture Partners, Mayfield Fund, IDG Ventures and GE/NBC Universal's Peacock Equity Fund. The firm attributed the strong growth to sporting events such as the NBA Finals, Stanley Cup, and World Cup, in addition to better recognition of the firm's marketplace. READ MORE>>.
The company is venture backed by Clearstone Venture Partners , Kodiak Ventures, Mission Ventures , the Pasadena Angels , the Tech Coast Angels , as well as others. LeisureLink said that InnQuest's system is used in more than 4,500 properties in more than 90 countries. READ MORE>>.
LeisureLink has previously raised funding from Clearstone Venture Partners, Group RCI, Kodiak Ventures LP, Mission Ventures, Pasadena Angels and the Tech Coast Angels. The round came to light through last week's PricewaterhouseCoopers/NVCA MoneyTree report. Details on the funding have not been announced by the firm. READ MORE>>.
The firm, which has previously raised funding from Clearstone Ventures and the Acartha Group, continues to have Clearstone's Jim Armstrong and Acartha's Ameet Patel listed as board members. Irvine-based Integrien , a developer of enterprise, IT monitoring software, has raised $6.5M
The startup--formerly known as Hyphos--also disclosed that it has scored venture backing from Clearstone Venture Partners, Canyon Creek Capital, along with others. At The Pool said it now has members in every major U.S. city, and in more than 50 countries outside the US. At The Pool's founders are all out of UCLA.
Geodelic is backed by Clearstone Venture Partners, MK Capital, and Shasta Ventures. Clear Channel said a Blackberry version of the application is due later this year; the firms already are supplying an iPhone version of the app. Terms of the financial relationship between Geodelic and Clear Channel were not disclosed. READ MORE>>.
The group said Monday it is running an information session at Clearstone Ventures Thursday evening. The Founder Institute already runs programs in Silicon Valley, Seattle, New York, Washington DC, San Diego and Orange County, as well as Paris and Singapore.
The funding came from MK Capital, Clearstone Ventures, and Shasta Ventures. Santa Monica-based Geodelic , the location-based mobile phone applications firm headed by ukelele-strumming Rahul Sonnad, has raised $7M, the firm said today. The funding brings the company's total raised to around $10.5M.
The round came from current investors, including Clearstone Venture Partners, Mission Ventures, and Wyndham Exchange & Rentals. Pasadena-based LeisureLink , a provider of distribution services for specialty lodging and vacation rentals, announced today that it has raised $9M in a Series C funding round.
The funding came from Tim Draper (DFJ), Bill Quigley (Clearstone, Crypto Currency Partners), Bridge 37 Ventures, Ideas & Capital Venture Capital, Maura O''Neill, Capital Nuts, Marcus Segal (Zynga), Mark Rampolla (ZICO Coconut Water), David Wilner (Windriver Systems), and others.
appcito venture capital cloud application infrastructure software saas subscription sumant mandal clearstone marchcapital march partners investment' March Capital has recently invested in such companies as Agent Ace, DeepForestMedia, and TeleSign. READ MORE>>.
Geodelic is venture backed by Clearstone Venture Partners, MK Capital, and Shasta Ventures. The app initially supports airports in Atlanta, Boston, Chicago OHare, Dallas Fort Worth, Denver, Detroit, Philadelphia, Phoenix, San Francisco and Seattle. READ MORE>>.
The firm's prior backers were Time Warner, Clearstone Venture Partners, and Prism VentureWorks; it's unclear who backed the firm in the latest funding. Details on the fundraising round--which closed in Q2--have not been announced. Six Degree Games is the developer of the virtual world Action AllStars. READ MORE>>.
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