SD BizTech Roundup: Qualcomm, Razer, Avalon’s Zynga Windfall, & More

angel investors and the company’s own operations.

—San Diego’s SweetLabs said it is extending its Pokki desktop apps under a partnership with Redwood City, CA-based Kabam by making four popular Kabam games available as Pokki apps. After introducing a number of utility apps for Windows-based desktops six months ago, SweetLabs says users can now add “always on” apps for Kabam’s Dragons of Atlantis; Edgeworld; The Godfather: Five Families; and Thirst of Night.

—San Francisco-based Zynga’s (NASDAQ: [[ticker:ZNGA]]) IPO last month provided a windfall for its founders and investors, including San Diego-based Avalon Ventures. Avalon, which invested $5.3 million in Zynga, holds a stake that was valued at $340 million at Zynga’s IPO, which priced the social game-maker’s market valuation at $7 billion. Regulatory filings show that Avalon reaped about $25 million by selling a slice of its stake in the IPO, and made nearly $20.9 million in an earlier share buyback.

—Cardiff, CA-based Restaurant Revolution Technologies, which provides order management services for restaurants, has increased the size of its previously disclosed equity round to $1.25 million, according to VentureWire. The company said in August that the BR Venture Fund, the MBA student-run venture fund of the Johnson School at Cornell University, was among the investors in the round.

—San Diego-based Tealium has raised $1.1 million from investors, according to a recent regulatory filing. As we previously reported, the four-year-old startup has developed Web-based software that enables corporate marketers to manage the Java-based tags used in online marketing campaigns.

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Author: Bruce V. Bigelow

In Memoriam: Our dear friend Bruce V. Bigelow passed away on June 29, 2018. He was the editor of Xconomy San Diego from 2008 to 2018. Read more about his life and work here. Bruce Bigelow joined Xconomy from the business desk of the San Diego Union-Tribune. He was a member of the team of reporters who were awarded the 2006 Pulitzer Prize in National Reporting for uncovering bribes paid to San Diego Republican Rep. Randy “Duke” Cunningham in exchange for special legislation earmarks. He also shared a 2006 award for enterprise reporting from the Society of Business Editors and Writers for “In Harm’s Way,” an article about the extraordinary casualty rate among employees working in Iraq for San Diego’s Titan Corp. He has written extensively about the 2002 corporate accounting scandal at software goliath Peregrine Systems. He also was a Gerald Loeb Award finalist and National Headline Award winner for “The Toymaker,” a 14-part chronicle of a San Diego start-up company. He takes special satisfaction, though, that the series was included in the library for nonfiction narrative journalism at the Nieman Foundation for Journalism at Harvard University. Bigelow graduated from U.C. Berkeley in 1977 with a degree in English Literature and from the Columbia University Graduate School of Journalism in 1979. Before joining the Union-Tribune in 1990, he worked for the Associated Press in Los Angeles and The Kansas City Times.