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Palomar Ventures Backs Damballa

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Santa Monica-based venture capital firm Palomar Ventures has re-upped its investment in a security software firm Damballa , which is based in Atlanta, as part of a new $12M funding round for that company. Palomar's Jim Gauer sites on the board of Damballa.

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Palomar Ventures Boosts MyBuys

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Santa Monica-based venture capital firm Palomar Ventures has re-upped its investment in Redwood City-based MyBuys , a provider of marketing personalization and recommendations software. The round was led by Rho Ventures , and included continued participation from Palomar Ventures and Lightspeed Ventures. READ MORE>>.

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Palomar Ventures Teams With Soros On Wireless Investment

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Los Angeles-based Palomar Ventures is in a new funding with Soros Fund Management, in a deal worth $128.4M Palomar is represented on ExteNet's board by Kevin Jacques. Tags: palomar ventures extenet soros wireless. to Illinois wireless firm ExteNet Systems. ExteNet designs, builds and operates distributed wireless networks.

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CalPERS Sells Palomar Ventures Stake

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CalPERS, the California pension fund which is a major limited partner in venture capital funds here, apparently sold its stake in Palomar Ventures III, L.P. A partner at Palomar Ventures declined to comment, saying that the firm has a "hard and fast" policy of not commenting on matters related to LPs. sometime earlier this year.

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Crosscut Ventures Raising Second Fund

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Los Angeles-based Crosscut Ventures , the early stage, venture capital investment firm run by Rick Smith and Brian Garrett, looks to be kicking off a new fund, according to an SEC filing this week. Details on the fund size were not included in the filing, and the firm has not commented on the filing. READ MORE>>.

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Venture Firms Invest Around $1.6 Billion In Q2 2010 In SoCal

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An analysis of Q2's venture capital deals and investment activity in Southern California find that venture capitalists invested around $1.6 billion invested in Q1, and up from $1.0 in investment), Energy ($190.2M in investments) and Medical Deviecs ($128.1M in investments in Q2). billion in Q2 of last year.

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Ace Metrix Gets Investment From WPP

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Los Angeles-based Ace Metrix , which operates an online service which helps television advertisers gauge the effectiveness of their ads, has scored an investment from advertising giant WPP , the firms announced this morning. Financial terms of the investment were not disclosed. READ MORE>>.

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