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Venturecapital investments in Southern California in Q3 totaled to $464.18M, according to the latest numbers released by the PricewaterhouseCoopers/NVCA Money Tree Report this evening, based on data from Thomson Reuters. billion invested in 780 venturecapital deals for Q3. Nationwide, there was $4.8 in investments.
Last month, San Diego-based venturecapital firm MissionVentures (www.missionventures.com) sold its portfolio firm, Carlsbad-based 3E , just the latest in a string of exits for the firm, which also included an IPO in Maxlinear earlier in the year. READ MORE>>.
Venice Beach-based Access 360 Media, which operates an out-of-home advertising network, said today that it has raised $8M in a Series B funding round. The round was led by MissionVentures, and also included Bessemer Venture Partners.
Los Angeles-based Rotohog , which develops fantasy sports games for sports leagues and others, has raised $2M in an inside round led by MissionVentures and DFJ DragonFund. Perdew said the firm is providing its fantasy sports games to sports leagues, networks like FOX, and large media companies. READ MORE>>.
This upcoming Splash will showcase 10 up-and-coming startups, prominent VCs and founders of the leading LA-based companies - Demand Media and ReachLocal. Hear Shawn Colo, co-founder and EVP of MandA at Demand Media, share his lessons and advice on building Demand from scratch in 2006 to one of this year's hottest IPOs.
The event includes keynotes from Shawn Colo, co-founder of Demand Media, one of the hottest IPOs of this year, Zorik Gordon, co-founder and CEO of ReachLocal, one of the hottest IPOs of 2010. Ten companies selected by their peers and vetted by VC judges will get a chance to present onstage with a 3-minute presentation.
There simply are NOT enough venturecapital firms in the Southern California. If there were more great companies coming out of LA then it would create more demand for high quality VC firms. But there are also less great companies in LA, BECAUSE there is less access to sophisticated capital.
socalTECH was a media sponsor of the conference). The conference, held at the Westin South Coast Plaza in Costa Mesa, featured pitches by eight different companies vying for the attention--and pocketbooks--of venture capitalists. READ MORE>>
This episode of This Week in VentureCapital featured Michael Montgomery, president of Montgomery & Co. If you don’t know Montgomery & Co it is one of the premier technology & media focused investment banks in the country (and as Michael corrected me they also have a strong Healthcare / Med tech practice).
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