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Siemer Summit 2015 Announced, Tim Draper To Keynote

socalTECH

The Siemer Summit , the invite-only conference which has been organized by technology investment banking firm Siemer & Associates for the last four years, is returning this year, according to the firm.

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Altra Biofuels Spinoff EdenIQ Gets $12.4M

socalTECH

EdenIQ , the biofuels yield enhancement technology firm that is a spinout of Los Angeles-based Altra Biofuels , has scored a $12.4M venture funding round. EdenIQ was spun out of Altra Biofuels in April of 2008. READ MORE>>.

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Tim Draper’s Los Angeles-based blockchain-focused venture studio adds a venture partner

TechCrunch LA

The Los Angeles-based venture capital studio focused on blockchain and fintech startups which longtime venture investor Tim Draper now calls home has added a new venture partner to its team. Draper Goren Holm , the firm Draper manages alongside co-founders Alon Goren and Josef Holm said Rodney Sampson has joined the crew as a venture partner.

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SpaceX Announces Second Satellite Launch Deal

socalTECH

In the second satellite launch deal announced today, Hawthorne-based Space Exploration Technologies (SpaceX) and ORBCOMM said that SpaceX will carry two new satellites to orbit this year. SpaceX is venture backed by Founders Fund, Draper Fisher Jurvetson, and Valor Equity Partners, and is headed by technology mogul Elon Musk.

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Altra Biofuels Spinout Gets $30M More

socalTECH

EdenIQ , the spinout of San Diego-based Altra Biofuels , the developer of biofuels processing technology, has scored $30M in new venture capital funding, the company said today. EdenIQ, which is taking biomaterials technology being applied to sustainable chemical and fuel production, said it has raised both equity and debt in the funding.

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SpaceX Sets Satellite Launches

socalTECH

Hawthorne-based Space Exploration Technologies , the commercial rocket firm of Elon Musk, has set the schedule for two upcoming satellite launches, the company announced this morning. SpaceX is backed by venture firms the Founders Fund, Draper Fisher Jurvetson, and Valor Equity Partners. READ MORE>>.

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Slingshot Aerospace Picks Up $40.85M More For Space Tracking Systems

socalTECH

The company--which develops orbital space tracking systems--said the funding was led by Sway Ventures and included participation from others, including C16 Ventures, ATX Venture Partners, Lockheed Martin Ventures, Valor Equity Partners, and Draper Associates.