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University of California Plans $250M Venture Capital Fund

socalTECH

Startups related to the many University of California campuses in Southern California may soon have a new source of funding: The University of California itself, via a new, $250M venture capital. The fund would seek to invest in companies started on campus, from University research, and from students. READ MORE>>.

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Five Area Firms Get DOE Funds for Concentrating Solar Power Research

socalTECH

Five, Southern California firms are among companies who are splitting up $62M in government funding for the research, development, and demonstration of concentrating solar power systems, according to an announcement by the U.S. for a new class of solar concentrators; and Riverside-based Terrafore receiving up to $1.4M

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Massage-on-demand company, Soothe, raises $31 million

TechCrunch LA

The massage-on-demand service Soothe seems to be rubbing investors the right way with the close of a new $31 million round of funding. The Series C round from late stage and growth capital investment firm, The Riverside Company , caps a busy first quarter for the massage service.

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SolarReserve Claims Progress On Power Projects

socalTECH

SolarReserve's Crescent Dune Energy Project is in Tonopah, Nevada, and its Rice Solar Energy Project is in Riverside County. SolarReserve is backed by Citi Alternative Investments, Sustainable Development Investments (SDI), Good Energies, US Renewables Group, PCG Clean Energy & Technology Fund, Nimes Capital, and Credit Suisse.

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FarmSense Harvests $2.2M In SBIR Funding

socalTECH

Riverside-based FarmSense, a developer of "smart sensors" for the agriculture market, has raised $2.2M in Small Business Innovation Research (SBIR) funding. According to the company, the funding will go to ongoing biosecurity research, including the impact of Japanese Beetles and Gypsy Moths as invasive species.

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TruTouch Technologies Ups Series B-1 To $4.3M

socalTECH

Riverside, California- and Albuquerque, New Mexico-based TruTouch Technologies , which develops biometric, alcohol detection systems, said today that it has raised $4.3M in its Series B-1 funding round. The funding came from iTulip Community and Launchpad Venture Group.

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Water Planet Raises Series B Funding

socalTECH

Los Angeles-based Water Planet , which develops water treatment membranes, said today that it has raised a new, Series B funding round. Size of the funding was not disclosed. Water Planet said the investment came from Air Liquide's ALIAD Corporate Venture fund, Bluestem Capital and UCLA Venture Fund.

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