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CalPERS (the California Public Employees' Retirement System), one of the biggest limited partners in venture capital funds, has released its best and worst performing venture capital and private equity funds as of December 31st, showing that two Southern California venture funds were tops in terms of internal rates of return (IRR).
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 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 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%.
rubicon project merger acquisition clearstone news mayfield winners frank addante' Based on Rubicon''s current price (around $19.24 Rubicon''s President, Greg Raifman, now holds a stake worth $11.96M; and CFO and COO Todd Tappin''s stake is worth $10.0M.
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
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. LivingSocial.
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.
Santa Monica-based venture capital investor Clearstone Ventures has re-upped in a developer of biometric identity verification technology. The firm said the funding will go towards product development, sales and marketing. READ MORE>>.
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.
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. So it sounds like you're much more likely to incubate a firm that fund someone coming in off the street?
Santa Monica-based ThisNext announced this morning that it has acquired fashion and beauty site Stylehive , and raised a Series C round of funding. The firm did not disclose amount of the funding, however, a regulatory filing by the firm last week indicated the funding round was worth $1.2M.
Los Angeles-based social shopping site ThisNext announced this morning that it has raised a new round of funding, and inked a partnership with online advertising firm Federated Media. Amount of the funding was not disclosed. Clearstone Venture Partners and Anthem Venture Partners also participated. READ MORE>>.
in a round of funding, according to a regulatory filing from the firm today. It's unclear if the funding in this regulatory filing is the same funding as the firm announced on July 21st, from Gary Winnick (Pacific Capital), Bob Pittman (Pilot Group/AOL), Stan Shuman (Allen & Co.), READ MORE>>.
Santa Monica-based March Capital Partners , the venture capital investment firm founded by venture investment veterans Jim Armstrong, Sumant Mandal, Gregory Milken and Jamie Montgomery, said this morning that it has had a final close on its first fund, at $240M.
in funding in Q3, up in terms of dollars from Q3 of last year, when $670.9M Finally, the third biggest area for funding was Retailing/Distribution, which had a total of $105.7M was raised. In terms of deals, the quarter was actually down from last year, with 79 deals completed in Q3 of this year, versus 91 in Q3 of 2011.
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'
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 and Mayfield. READ MORE>>.
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.
A new, Altadena-based startup, Rexter , has scored some funding to help it build its software algorithms and tools to help manage a user's professional relationships. The company--co-founded by Andy Wilson (Momentum Venture Partners, Yahoo) and John Slade (Yahoo)--apparently recently raised a round which included Siemer Ventures.
in funding in Q3, up in terms of dollars from Q3 of last year, when $670.9M Finally, the third biggest area for funding was Retailing/Distribution, which had a total of $105.7M was raised. In terms of deals, the quarter was actually down from last year, with 79 deals completed in Q3 of this year, versus 91 in Q3 of 2011.
Los Angeles-based Titan Gaming is announcing this morning that it has scored $1M in an angel funding round, from notable local angel investors. 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
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. READ MORE>>. growth realtime exchange advertising online project rubicon'
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>>.
in a funding round. Details on the funding have not been announced by the firm. LeisureLink has previously raised funding from Clearstone Venture Partners, Group RCI, Kodiak Ventures LP, Mission Ventures, Pasadena Angels and the Tech Coast Angels.
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.
in a funding round, part of an ongoing $7.475M fundraising effort, according to a recent regulatory filing by the company. Details on the funding have not been announced by the company. Irvine-based Integrien , a developer of enterprise, IT monitoring software, has raised $6.5M
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>>.
The funding came from MK Capital, Clearstone Ventures, and Shasta Ventures. The funding brings the company's total raised to around $10.5M. Santa Monica-based Geodelic , the location-based mobile phone applications firm headed by ukelele-strumming Rahul Sonnad, has raised $7M, the firm said today.
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 round came from current investors, including Clearstone Venture Partners, Mission Ventures, and Wyndham Exchange & Rentals.
in a Series A funding, the company said late Tuesday evening. Los Angeles-based crowdfunding site Crowdfunder.com , the equity crowdfunding site led by Chance Barnett, has raised $3.5M
The firm is backed by $42M in funding from Clearstone Ventures, Mayfield, IDG Venturs, and the GE/NBC Universal Peacock Equity Fund. Rubicon Project's online advertising service helps publishers pick the best yielding ads from online ad networks. READ MORE>>.
in new funding, according to regulatory and other sources. 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. Marina Del Rey-based Six Degree Games , the developer of online virtual worlds, recently raised $4.0M READ MORE>>.
Rubicon is venture backed by Clearstone Venture Partners, Mayfield Fund, and IDG Ventures, and has raised $33M in funding. Rubicon's technology selects the best performing advertising network for a publisher, automatically switching ad displays to the network which provides the highest CPM to a publisher. READ MORE>>.
For today's Insights and Opinions section today, we have a post from Jim Armstrong , Managing Director at Clearstone Venture Partners , who talks about some of the issues behind the super angel trend. To be sure these super angel funds do indeed properly fit into the new trends around company creation.
in funding, according to a regulatory filing from the firm late Friday. No details on the funding have yet been announced by the company, which is run by Minard Hamilton. The firm has previously raised funding from Clearstone Venture Partners, Prism VentureWorks, and Time Warner. READ MORE>>.
Clearstone Venture Partners, Mission Ventures, and Wyndham Exchange & Rentals, said today that it is targeting Caribbean resorts. The firm has been ramping up its marketing efforts since gaining $9M more in funding in November. LeisureLink is headed by Eric Hovanec. READ MORE>>.
in a Series A funding round, which also include Atlas Venture and The Fabric. appcito venture capital cloud application infrastructure software saas subscription sumant mandal clearstone marchcapital march partners investment' Appcito said this week that it has raised $7.5M March Capital''s Sumant Mandal led the investment round.
Titan is backed by $1M in funding from William Quigley and Jim Armstrong of Clearstone Ventures; Brock Pierce; MP3.com's Christensen was most recently at Sony Entertainment Online, and has served at Affinity Media. Steuer was most recently a VP at Twistbox, and has also served at THQ, MINICK, and Distefora.
Rubicon is venture backed by News Corporation, Clearstone Venture Partners, IDG Ventures Asia, Mayfield Fund, NBC Universal's Peacock Equity Fund and Jarl Mohn. Rubicon Project's Addante was formerly Chief Technology Officer and a founder of L90, and was co-founder of StrongMail systems.
in a new funding round. According to the firm, the round was led by Clearstone Venture Partners, and also included Acartha Group and Mariner Capital Ventures. Integrien said the new funding will go to accelerate growth in both its direct and indirect sales channels.
Marina Del Ray-based Six Degrees Games , which runs the ActionAllStars.com virtual world focused on six to 14 year olds, has raised $7M in an additional funding round. The round was led by Time Warner, and also included prior investors Clearstone Venture Partners and Prism VentureWorks. Six Degree Games is headed by Minard Hamilton.
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