Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=bb874906-2c0d-46f5-9c5d-2d21b744b0d4&Preview=1 Date 1/25/2013 Company Name Sotera Wireless Mailing Address 9444 Waples Street San Diego, CA 92121 Company Description Our vision is to revolutionize patient safety by enabling the early detection of deterioration in patients who are mobile and free to move about in the hospital or the home. With adequate warning of … Continue reading “Sotera Wireless Secures $5,760,000 New Financing”
Category: San Diego
Three VCs See New Opportunities as Changes Roil Venture Industry
There are a lot of dismal stats in a wrap-up of 2012 venture capital activity from the National Venture Capital Association that is making the rounds. As we’ve reported, total VC investments declined nationwide last year by 10 percent from 2011. The number of active U.S. firms is less than half the 1,035 counted in … Continue reading “Three VCs See New Opportunities as Changes Roil Venture Industry”
The Surreal, Ironic Story Behind California’s Retroactive Tax on Investors
A major tax incentive designed to encourage investors to back startups and other small businesses in California has just evaporated. If you sold stock in a so-called “qualifying small business” (QSB) in 2012, you won’t be able to exclude or defer any of your gains when you fill out your state income tax return this … Continue reading “The Surreal, Ironic Story Behind California’s Retroactive Tax on Investors”
SD Software Group Looks for New Direction with Leader’s Departure
Bob Slapin says he was on the board of the San Diego Software Industry Council in 2000, after the dot-com bubble broke, and Internet companies were suddenly in dire straits. “We had just an administrator at that time, and the board said we need a business person to turn things around, and I said I’ll … Continue reading “SD Software Group Looks for New Direction with Leader’s Departure”
Gobbler Receives $1,500,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=983518ef-b6fb-4491-8ef1-3bec3c828fcf&Preview=1 Date 1/24/2013 Company Name Gobbler Mailing Address 8033 Sunset Blvd Hollywood, CA 90046 Company Description Gobbler is an independent, privately held company headquartered in the heart of the recording industry in Hollywood, California. Our team is made up of leaders in music production, technology and digital media. Website http://www.gobbler.com Transaction Type … Continue reading “Gobbler Receives $1,500,000 New Funding Round”
ParkMe Lands New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4eb295a5-7cd6-44e6-bc47-b56c98622a3f&Preview=1 Date 1/24/2013 Company Name ParkMe Mailing Address 1512 11th Street Santa Monica, CA 90401 Company Description ParkMe, founded by Sam Friedman and Alex Israel and headquartered in Santa Monica, California, is a provider of dynamic and real-time parking data. ParkMe offers comprehensive coverage in 500+ cities in the US, Canada, and … Continue reading “ParkMe Lands New Round”
Intouch Technologies Receives $8,900,003 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=586aed54-7135-4876-8229-de9756e56ae2&Preview=1 Date 1/24/2013 Company Name Intouch Technologies Mailing Address 6330 Hollister Avenue Santa Barbara, CA 93117 Company Description InTouch Health develops and manufactures the only Class II telemedicine remote presence medical devices of their kind on the market that are FDA-cleared for active patient monitoring in high acuity clinical environments. As part … Continue reading “Intouch Technologies Receives $8,900,003 New Round”
Connecture Acquires DRX for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7c545272-ce59-455c-aeab-a1caa6218577&Preview=1 Date 1/24/2013 Company Name DRX Mailing Address 600 Wilshire Boulevard Los Angeles, CA 90017 Company Description Established in 1999, DRX is the leading provider of technology solutions for web-based prescription drug comparison as well as Medicare health plan comparison and enrollment services. Website http://www.drx.com Transaction Type M&A Transaction Amount Undisclosed Transaction … Continue reading “Connecture Acquires DRX for Undisclosed Sum”
The Million Dollar Club
I had two conversations last week, each of which reinforces a simple phenomenon that I have constantly emphasized over the last five years in my writings. On Wednesday, I had lunch with Brian Jacobs, General Partner at Emergence Capital. We were discussing our respective startup portfolios, and Brian mentioned that his firm’s preferred stage for … Continue reading “The Million Dollar Club”
Telcentris Plans Global Expansion, Fueled by $5.3M from SBD Global
Telcentris, which provides voice over Internet Protocol (VoIP) services through its VoxOx technology platform, has raised $5.3 million from SBD Global Fund in what Telcentris describes as its first round of institutional funding. Telcentris said it plans to use the capital to expand its mobile strategy. Users can download a VoxOx app onto their desktop … Continue reading “Telcentris Plans Global Expansion, Fueled by $5.3M from SBD Global”
Atlas Powered Obtains $700,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ca418d4a-dfaf-497b-89b9-bf50d6c34393&Preview=1 Date 1/23/2013 Company Name Atlas Powered Mailing Address 1010 Wilshire Blvd Los Angeles, CA 90017 Company Description Atlas is a time management and collaboration platform for mobile that centralizes all your calendars, contacts, tasks, and notes making collaboration on mobile shockingly simple – no email required. Website http://www.getatlas.com Transaction Type Venture … Continue reading “Atlas Powered Obtains $700,000 New Financing”
Cylene Pharmaceuticals Obtains $867,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3eca74b8-3a45-4e13-900d-db628907a6bd&Preview=1 Date 1/23/2013 Company Name Cylene Pharmaceuticals Mailing Address 5820 Nancy Ridge Drive San Diego, CA 92121 Company Description Cylene Pharmaceuticals, Inc. is a privately held pharmaceutical company dedicated to the discovery, development and commercialization of first-in-class small molecule drugs to treat life-threatening diseases, with a particular emphasis in oncology. Website http://www.cylenepharma.com … Continue reading “Cylene Pharmaceuticals Obtains $867,000 New Funding”
Kareo Receives $20,500,000 Series F Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5b72dc10-0a18-4065-bca3-81a4bca16a45&Preview=1 Date 1/22/2013 Company Name Kareo Mailing Address 111 Academy Dr. Irvine, CA 92617 Company Description Kareo offers the first on-demand revenue cycle automation software for medical billing companies. Kareo connects medical billing professionals with healthcare providers on one system to share information and coordinate workflow across organizational boundaries. Kareo makes the … Continue reading “Kareo Receives $20,500,000 Series F Round”
Boston’s Got Big Mo in Biotech, But SF is Pushing Back
San Francisco is used to being No. 1 in lots of things. It’s there in technology, and in biotechnology. Every magazine that ever ranked ‘Best Places to Live’ is practically required to put it near the top. Even Bay Area sports teams are riding high, as the Giants won the World Series, the 49ers are … Continue reading “Boston’s Got Big Mo in Biotech, But SF is Pushing Back”
San Diego Venture Funding Plunges in Fourth-Quarter; Our Top 10 Deals
Venture investing in San Diego, which sprinted through the first nine months of 2012, was flagging in the fourth quarter home stretch, according to the MoneyTree Report released today. Venture firms invested just $174.6 million in 24 startups during the last three months of the year, marking a 41 percent plunge in funding compared with … Continue reading “San Diego Venture Funding Plunges in Fourth-Quarter; Our Top 10 Deals”
Facebook Used to Be Fun—Graph Search Makes It Useful
I spend a lot of time on Facebook. Probably more than the average user, who spends around 400 minutes on the site per month, or about 13 minutes per day, according to data from comScore. It isn’t exactly wasted time—I’m usually gathering or spreading news and keeping up with my friends by browsing their news … Continue reading “Facebook Used to Be Fun—Graph Search Makes It Useful”
San Diego Life Sciences Roundup: Illumina, Santarus, Accelrys, & More
This week’s assortment of San Diego life sciences news includes a sweet CEO interview, a dollop of FDA approval, a savory corporate acquisition, and other morsels for your enjoyment. Best of all, our news is zero calorie—and it begins now. —One interesting tidbit of life sciences news occurred earlier this month, when Roche Chairman told … Continue reading “San Diego Life Sciences Roundup: Illumina, Santarus, Accelrys, & More”
2012 VC Funding Strong in Software, Soft Elsewhere: The Top 10 Deals
Venture capital investments receded nationwide in 2012, with double-digit decreases in funding for new cleantech and life sciences companies weighing upon the $26.5 billion that was invested in 3,698 companies nationwide. It marked a 10 percent slide from the $29.5 billion that VCs invested in 2011, with the deal count declining 6 percent (from 3,937), … Continue reading “2012 VC Funding Strong in Software, Soft Elsewhere: The Top 10 Deals”
Telcentris Garners $5,300,000 Series A Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=99f6077c-f4ab-4897-9457-e63d6cf3f47a&Preview=1 Date 1/18/2013 Company Name Telcentris Mailing Address 9276 Scranton Road San Diego, CA 92121 Company Description Telcentris, developers of VoxOx, gives you the most complete, most sophisticated, unified communications solution on the planet, powering the most comprehensive service ever created. We bring you the future of communications. Website http://www.telcentris.com Transaction Type … Continue reading “Telcentris Garners $5,300,000 Series A Round”
Achates Claims Huge Gains in Fuel Efficiency of Opposed-Piston Design
Achates Power was founded in 2004 with the idea of re-engineering the opposed-piston, two-stroke engine, a design that has been used in ships and submarines, aircraft, trucks, and other vehicles for more than 100 years. Such engines fell out of favor with the adoption of stricter tailpipe emission standards during the 1970s. But Achates founder … Continue reading “Achates Claims Huge Gains in Fuel Efficiency of Opposed-Piston Design”
The Problem With Kickstarter
Kickstarter helped pioneer crowdfunding for creative projects. It has been enormously successful. The Kickstarter model is to set a fundraising goal. If the project meets its goal, the money is transferred to the creators to fund the development of the project. Kickstarter collects a 5 percent fee, the creator gets funding, and the backers get … Continue reading “The Problem With Kickstarter”
How the TCA is Making 2013 The Year of the Angel Investor
A number of pundits have been claiming that angel investment is waning, and that such funding opportunities will remain few and far between for deserving startups seeking to take their innovations to market. I beg to differ. In fact, 2013 could very well be the year of the angel investor. Case in point: Southern California’s … Continue reading “How the TCA is Making 2013 The Year of the Angel Investor”
OpenX Software Receives $22,500,000 Series E Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=cf22bae3-81dd-4346-a557-238ecd068213&Preview=1 Date 1/17/2013 Company Name OpenX Software Mailing Address 20 E. Del Mar Blvd Pasadena, CA 91105 Company Description OpenX is the world’s leading independent provider of digital advertising technology that enables businesses to manage and maximize their ad revenue. OpenX products, including OpenX Enterprise and OpenX Market, provide a comprehensive revenue … Continue reading “OpenX Software Receives $22,500,000 Series E Financing”
Lynda.com Garners $103,000,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3ae129d4-7675-4170-b9de-9ae503d5d908&Preview=1 Date 1/17/2013 Company Name Lynda.com Mailing Address 6410 Via Real Carpinteria, CA 93013 Company Description Lynda.com is an online learning company that helps anyone learn software, creative, and business skills to achieve personal and professional goals. Members receive unlimited access to a vast library of high quality, current, and engaging video … Continue reading “Lynda.com Garners $103,000,000 New Round”
PICS Auditing Lands $35,000,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=dfa7822d-e42d-4ccf-a172-d985cff42f56&Preview=1 Date 1/17/2013 Company Name PICS Auditing Mailing Address 17701 Cowan Irvine, CA 92614 Company Description PICS was created nearly a decade ago. Now, as a renowned contractor prequalification company, PICS offers world-class supplier prequalification, with an exceptional focus on safety. Website http://www.picsauditing.com Transaction Type Venture Equity Transaction Amount $35,000,000 Transaction Round … Continue reading “PICS Auditing Lands $35,000,000 New Financing Round”
Sanford-Burnham’s CEO Sees Incredible Opportunity in Move to Roche
John Reed says his decision to resign as CEO of Sanford-Burnham Medical Research Institute was not planned—but came about with an offer to join the Swiss pharmaceutical giant—and he cited both personal and professional reasons for leaving the San Diego institute. The Sanford-Burnham, which Reed joined 21 years ago as a rising star in cancer … Continue reading “Sanford-Burnham’s CEO Sees Incredible Opportunity in Move to Roche”
Brook Byers of Kleiner Perkins on Sticking With Healthcare
Kleiner Perkins Caufield & Byers is one of the kingpins of venture capital, best known as the firm that got in on the ground floor at Google, Amazon, Genentech and plenty of other industry-defining companies. The firm has gotten its share of glory, but it attracted some unwanted attention last year when a sexual harassment … Continue reading “Brook Byers of Kleiner Perkins on Sticking With Healthcare”
Early Stage Deals, Cleantech Collapse Drive 2012 VC Trends
They were two of the major storylines in startup investing this past year: The collapse of cleantech and the march of venture capitalists into earlier stages. Now, we’ve got some fresh numbers to help illustrate those trends. A new report out today by CB Insights, a New York-based VC research firm, shows that venture investors … Continue reading “Early Stage Deals, Cleantech Collapse Drive 2012 VC Trends”
Tongal Secures $15,000,000 Series B Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=bd5575b3-09f2-47d5-b043-89278aafbda0&Preview=1 Date 1/16/2013 Company Name Tongal Mailing Address 4063A Glencoe Ave Marina Del Rey, CA 90292 Company Description In 2004, James Surowiecki published The Wisdom of Crowds. The central thesis of his book is that a diverse collection of people is likely to make certain decisions and predictions better than independently operating … Continue reading “Tongal Secures $15,000,000 Series B Round”
The Top 10 San Diego Cleantech Milestones of 2012
[Corrected 1/24/13, 12:05 pm. See below.] San Diego’s clean technology had a banner year in 2012. Numerous companies in the region—from startups to multinational giants—made significant strides in advancing San Diego’s leadership in renewable energy and green innovation. At CleanTECH San Diego, the regional non-profit industry group, we’ve picked the year’s 10 biggest milestones from … Continue reading “The Top 10 San Diego Cleantech Milestones of 2012”
Roche Recruits Sanford-Burnham CEO John Reed to Head Pharma Research
John Reed, who led San Diego’s Sanford-Burnham Medical Research Institute during a period of extraordinary growth, has resigned as CEO to become the head of pharmaceutical research and early development at Roche, the Swiss pharma giant. Kristiina Vuori, who has served as the institute’s president for nearly three years, was named interim CEO, according to … Continue reading “Roche Recruits Sanford-Burnham CEO John Reed to Head Pharma Research”
California To Hit Startup Founders with Big Retroactive Tax Bills
California is a great place to live and work, but it is not a particularly friendly place to start and run a small business. In 1999, I co-founded Sagient Research Systems, an enterprise-focused data company in San Diego. Over the ensuing 13 years we tinkered, triumphed, failed, and even tempted bankruptcy. But through it all, … Continue reading “California To Hit Startup Founders with Big Retroactive Tax Bills”
The Story Behind the Story: Why the Qualcomm Study is Important
Mark Cafferty, CEO of the San Diego Regional Economic Development Corp. (EDC), said the local media seemed a little nonplussed when he stepped to the lectern Friday to announce that Qualcomm (Nasdaq:[[ticker:QCOM]]) has a huge economic presence in San Diego. After the news conference, as TV reporters were recording their standup bits outside Qualcomm’s headquarters, … Continue reading “The Story Behind the Story: Why the Qualcomm Study is Important”
Illumina CEO Jay Flatley on Diagnostics, the $1K Genome & China
Illumina is the dominant player in the high-speed gene sequencing business, and has been for a number of years. That powerful position in a field that’s vital to the future of healthcare has made it the object of intense scrutiny, and in some cases, scorn, from customers, competitors, and potential acquirers. Last year, the big … Continue reading “Illumina CEO Jay Flatley on Diagnostics, the $1K Genome & China”
Convertro Secures $5,000,000 Series B Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8b81c356-3782-4048-a1b7-73797fd841b0&Preview=1 Date 1/15/2013 Company Name Convertro Mailing Address 1453 Third Street Promenade Santa Monica, CA 90401 Company Description Convertro was borne out of our frustration with the limitations of the marketing measurement and optimization tools available on the market: in running our own retail business, we simply couldn’t get a clear picture … Continue reading “Convertro Secures $5,000,000 Series B Financing”
Gridtest Systems Secures $265,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=cc6fcef9-ce05-459d-bf75-c5e14f0c8d0f&Preview=1 Date 1/15/2013 Company Name Gridtest Systems Mailing Address 411 S. Hewitt Street Los Angeles, CA 90013 Company Description Gridtest Systems is an independent and trusted provider of test equipment for the Electric Vehicle (EV) charging industry. Gridtest Systems manufactures the first independent portable EV Emulator that ensures Level 1 and 2 … Continue reading “Gridtest Systems Secures $265,000 New Round”
Why Women Tech Execs Can and Must Thrive on Risk
The stereotypical image of women as risk avoiders is changing fast. More women are occupying the boardroom, making important strategic decisions, and taking on high-risk responsibilities as CEOs, CFOs, and even chief risk officers. As a woman who worked her way up to various executive roles, and now as the CEO of a governance, risk, … Continue reading “Why Women Tech Execs Can and Must Thrive on Risk”
If You’ve Got a Real Breakthrough, the FDA Wants To Talk
If you ever want to have an interesting chat with a healthcare journalist, ask about use of the word “breakthrough.” Like many reporters, I generally avoid it. The word may be good for generating eyeballs/pageviews/ratings, but it’s usually an exaggeration that serves the financial interest of drugmakers and gives patients false hope. Sometimes, though, breakthroughs … Continue reading “If You’ve Got a Real Breakthrough, the FDA Wants To Talk”
YieldMetrics Receives $1,700,000 Seed Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=96df69ab-312a-46ec-9d73-239928d91f87&Preview=1 Date 1/14/2013 Company Name YieldMetrics Mailing Address Undisclosed Santa Monica, CA 90401 Company Description YieldMetrics was founded by a group of data hounds who felt that there were important areas of the digital advertising world that weren’t well understood. We enjoy solving tough problems and shining our flashlight in all of … Continue reading “YieldMetrics Receives $1,700,000 Seed Funding Round”
AutoGenomics Obtains $165,600 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=12f4e8b1-f005-4cda-bb2e-5cd02fb3a97a&Preview=1 Date 1/14/2013 Company Name AutoGenomics Mailing Address 2980 Scott St. Vista, CA 92081 Company Description AutoGenomics, Inc. is one of the first companies to harness the power of genomic and proteomic analysis to develop, manufacture and market a molecular diagnostics solution specifically designed for the clinical laboratory. The Company has capitalized … Continue reading “AutoGenomics Obtains $165,600 New Funding Round”
Venture Capital Outlook for 2013
The San Diego Venture Group (SDVG) has invited Jason Mendelson, managing director of the Foundry Group; Josh Green, general partner of Mohr Davidow Ventures; and David Kabakoff of Sofinnova Ventures to discuss the outlook for venture capital investing in 2013. Along with SDVG President David Titus, they will give you their insights into venture across … Continue reading “Venture Capital Outlook for 2013”
San Diego Bootstrappers Breakfast
Join other entrepreneurs who eat problems for breakfast. San Diego’s Bootstrappers Breakfast is for serious conversations about growing a business based on internal cashflow. This is not for entrepreneurs who want to meet VCs; this is for founders who are actively bootstrapping a startup. The other attendees will all be in early stage high-tech startups. … Continue reading “San Diego Bootstrappers Breakfast”
Women ARE Running Startups
There has been tremendous sensationalizing of the women and entrepreneurship issue. Self-proclaimed (male) pundits pontificate on how women entrepreneurs face tremendous obstacles, huge prejudice. I disagree. A blog post that I wrote on the subject in October 2010 still garners readership and discussions. Meanwhile, our 1M/1M virtual incubator continues to work with women entrepreneurs actively, … Continue reading “Women ARE Running Startups”
Turning On to Live Internet Radio with TuneIn
Radio. It’s my periodic obsession, my news lifeline, my aural ecosystem. It’s the most antique of electronic media, yet at the same time, it’s evolving as fast as the Internet, perhaps faster. Where is radio going? How will it thrive? What will it look like (or sound like) in an era when every phone, tablet, … Continue reading “Turning On to Live Internet Radio with TuneIn”
San Diego Life Sciences Roundup: Trius, CoDa, Zacharon, & More
The annual International CES in Las Vegas again featured a Digital Health Summit, which included a number of San Diego-based startups. Rick Valencia of Qualcomm Life posted an interesting blog here, and an end-of-year report from Rock Health showed that investments in digital health startups increased more than 44 percent in 2012, to $1.4 billion … Continue reading “San Diego Life Sciences Roundup: Trius, CoDa, Zacharon, & More”
Feld, Herron, and O’Driscoll Talk Startups and Investments at Eureka Park
Beyond the glitz of new big ticket electronics, startup innovations sparked chatter at this year’s International CES in Las Vegas—especially after a trio of high-profile VCs came to Eureka Park, the startup-focused exhibitor area at the show. Frank Gruber, founder of Las Vegas–based media company and events organizer Tech Cocktail, moderated the spirited chat that … Continue reading “Feld, Herron, and O’Driscoll Talk Startups and Investments at Eureka Park”
Innovation or Litigation?
The story of the year in the technology industry has to be HP’s claims that it was deceived by Autonomy in the $11 billion purchase of the software company. The questions of who knew what, and who did (or didn’t) do what, will be discussed and debated for years. And as many business and technology … Continue reading “Innovation or Litigation?”
Got Cancer? Sorry, There’s No App for That
That’s right. I hate to be the bearer of bad news, but there are no apps for treating Parkinson’s either. Or ALS. Or Alzheimer’s, or one of a large number of other diseases I could name and you don’t want to have. Numerous pharma and biotech companies have created more than a hundred different apps, … Continue reading “Got Cancer? Sorry, There’s No App for That”
Anametrix Names CMO Thorogood as CEO, Replacing Founder Barrelet
After three years at the helm of San Diego analytics startup Anametrix, founder Blaise Barrelet has stepped aside as CEO, succeeded by Pelin Thorogood, the company’s chief marketing officer and a 20-year marketing and analytics strategist. Anametrix already is a global provider of Web-based marketing analytics for B2C companies. The change occurred over the holidays, … Continue reading “Anametrix Names CMO Thorogood as CEO, Replacing Founder Barrelet”
‘Small Ball’ Investing as an Alternative Model in Life Sciences
The phrase “the VC model is broken” has become cliché over the past few years. Many theories on why this is the case have been posed, including Sequoia Capital’s Douglas Leone, who told a VC conference at MIT last month, “Big is completely the enemy of great.” I agree with Leone; in fact, I have … Continue reading “‘Small Ball’ Investing as an Alternative Model in Life Sciences”