On a Wing and a Prayer: 300,000 Angels in Search of a Unicorn

As co-founder and managing partner of San Diego’s TVC Capital, I awake every morning to a certain routine that includes scanning my Term Sheet e-mail to see what investments and acquisitions got done in the tech space. I have noticed in recent years that the space Dan Primack has devoted to investments is long, while … Continue reading “On a Wing and a Prayer: 300,000 Angels in Search of a Unicorn”

Repurpose Lands $749,730 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7671b49d-b993-4710-9d37-004ca5968319 Date 10/27/2014 Company Name Repurpose Mailing Address 411 S. Hewitt St. Los Angeles, CA 90013 USA Company Description Repurpose was founded in 2009 by a group of young environmental entrepreneurs, looking for quality solutions to the problem of single use petroleum based plastic products. After searching and finding few quality and … Continue reading “Repurpose Lands $749,730 New Funding”

Charlie Lands $1,750,000 Seed Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e9ee270a-97ec-4d5d-83e1-370e56a4d927 Date 10/27/2014 Company Name Charlie Mailing Address 8474 W. 3rd Street Los Angeles, CA 90048 USA Company Description Charlie aided me in closing my biggest ever, multi-million dollar deal. With over 30 stakeholders, this tool was instrumental in keeping abreast of all the movers and shakers to get us to close. … Continue reading “Charlie Lands $1,750,000 Seed Funding”

TaskEasy Receives $7,000,000 Series A Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1393e303-28af-4d6e-8188-5782028c4e20 Date 10/27/2014 Company Name TaskEasy Mailing Address 340 S. Lemon Ave. Walnut, CA 91789 USA Company Description TaskEasy is a unique online ecosystem where property owners and contractors benefit in a win-win relationship. Property owners easily book and manage services online. Contractors are provided with customers, eliminating costly advertising, bidding and … Continue reading “TaskEasy Receives $7,000,000 Series A Round”

Organovo CEO: Closing IPO Window Could Spur More Reverse Mergers

Shifting perceptions and a cooling IPO market could lead more biotech startups to join a public stock exchange via a reverse merger with a shell company that is already publicly traded, says Organovo CEO Keith Murphy. That’s the route his San Diego-based company took in 2012, merging with a shell company whose stock was traded … Continue reading “Organovo CEO: Closing IPO Window Could Spur More Reverse Mergers”

Kareo Garners $15,000,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=267af3ec-9cab-4d36-8c74-86d37b20ec3d Date 10/24/2014 Company Name Kareo Mailing Address 3353 Michelson Irvine, CA 92612 USA 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 Garners $15,000,000 New Round”

Disciplined Entrepreneurship with MIT Startup Guru Bill Aulet

Xconomy, San Diego Tech Founders, and the UC San Diego Moxie Center for Student Entrepreneruship have combined forces to bring MIT startup guru Bill Aulet to San Diego. Aulet is managing director of the Martin Trust Center for MIT Entrepreneurship and Senior Lecturer, MIT Sloan School of Management. He is the author of the international … Continue reading “Disciplined Entrepreneurship with MIT Startup Guru Bill Aulet”

West Coast Biotech Roundup: Genentech, Sutro, Amgen, Regulus & More

Immunotherapy deals that could reach $1 billion? We’ve got two of them this week. Sure, those billion-dollar figures include, as they often do, a lot of biobucks, but the rest of the details in those deals—Genentech and NewLink Genetics; Celgene and Sutro Biopharma—are no small potatoes. Let’s get to the roundup. —Roche’s Genentech division in … Continue reading “West Coast Biotech Roundup: Genentech, Sutro, Amgen, Regulus & More”

J&J, GSK, Tekmira, And Others Take Next Steps To Fight Ebola

There’s been distressing Ebola-related news in recent days. The deadly virus continues to spread in West Africa, with more than 4,500 fatalities now reported, and efforts to halt its spread in the U.S. have been mired in controversy and confusion, forcing President Obama to appoint an Ebola “czar” to coordinate national response. But there’s good … Continue reading “J&J, GSK, Tekmira, And Others Take Next Steps To Fight Ebola”

Neothetics Files $63M IPO to Advance Drug That Melts “Love Handles”

A biotech company developing an injectable drug to shrink the excess fat that forms “love handles” says it plans to raise more than $63 million through an IPO. San Diego-based Neothetics, previously known as Lithera, has substantial backing from Domain Associates and its Russian investment partner, Rusnano MedInvest. San Francisco-based Alta Partners also holds a … Continue reading “Neothetics Files $63M IPO to Advance Drug That Melts “Love Handles””

As Atlas Splits, Is There A Case To Make In Venture For Specialists?

Readers of this column who are of a certain age might remember Chrissie Hynde of the Pretenders in black eyeliner, dressed as a diner waitress singing, “I’m special, so special, and I gotta have some of your attention.” Swap “money” for “attention,” and it could be a refrain that venture capitalists are singing these days … Continue reading “As Atlas Splits, Is There A Case To Make In Venture For Specialists?”

Payoff Garners $12,000,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3462e32a-f2cf-4faf-835e-b5279447da6f Date 10/22/2014 Company Name Payoff Mailing Address 3200 Park Center Drive Costa Mesa, CA 92626 USA Company Description At Payoff, we believe the first step to financial freedom is paying off your debt. Watch this video to learn about our philosophy. Website http://www.payoff.com Transaction Type Venture Equity Transaction Amount $12,000,000 Transaction … Continue reading “Payoff Garners $12,000,000 New Round”

MediaHound Garners $4,500,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6564e120-0f3f-4979-a533-e13df5d5b317 Date 10/21/2014 Company Name MediaHound Mailing Address 10736 Jefferson Blvd. Culver City, CA 90230 USA Company Description The MediaHound web and mobile apps improve search, sharing, and discovery across content sources and devices, providing a unified entertainment user experience. These apps run on top of The Entertainment Graph, which centralizes the … Continue reading “MediaHound Garners $4,500,000 New Round”

StackIQ Raises $6M for Web-based IT Management Technology

San Diego-based StackIQ, which provides Web-based technology for managing highly distributed applications for “Big Data” and cloud computing, says today it has raised $6 million in a Series B round of funding. The capital infusion will be used to expand StackIQ’s operations, including sales and marketing for cluster management software that helps to automate the … Continue reading “StackIQ Raises $6M for Web-based IT Management Technology”

San Diego’s Third-Quarter Venture Activity on Par, and Top 10 Deals

Venture capital funding for startups in the San Diego area ticked up slightly during the third quarter that ended Sept. 30, with $238.5 million invested in 27 deals, according to data from the MoneyTree Report. That was about a 7.2 percent increase over the $222.4 million that VCs invested in deals in the previous quarter, … Continue reading “San Diego’s Third-Quarter Venture Activity on Par, and Top 10 Deals”

RoboBusiness: Workhorse Robots, Starter Kits, and Internet of Bots

Roboticists who attend business conferences don’t always have kind words for humanoid robots. It’s not that walking, talking androids aren’t cool, particularly if one could take the trash out for you. But entrepreneurs and investors in robotics are looking for something far more practical—and profitable—in the near term. Commercial viability and pragmatism was one of the … Continue reading “RoboBusiness: Workhorse Robots, Starter Kits, and Internet of Bots”

Shanghai Report: Big Questions About China’s Growth Plans

It only took a few days after I returned from China for my eyes to stop burning, and maybe the slight cough was really due to the changing seasons in Boston and not the air pollution in Shanghai (now I better understand the amenity in my hotel room—see below). A small price to pay to … Continue reading “Shanghai Report: Big Questions About China’s Growth Plans”

StackIQ Secures $6,000,000 Series B Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0b42f1e8-5242-4ecc-b6c3-ae8c33baeb66 Date 10/20/2014 Company Name StackIQ Mailing Address 420 Stevens Avenue Solana Beach, CA 92075 USA Company Description StackIQ offers a comprehensive software suite that automates the deployment, provisioning, and management of Big Infrastructure. Website http://www.stackiq.com Transaction Type Crowdfunder Transaction Amount $6,000,000 Transaction Round Series B Proceeds Purposes The additional capital will … Continue reading “StackIQ Secures $6,000,000 Series B Funding”

Taggler Garners $500,000 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=bd1f811e-9819-4ace-a81c-b03a323bf5ad Date 10/18/2014 Company Name Taggler Mailing Address 340 E 2nd Street Los Angeles, CA 90012 USA Company Description Here at Taggler our mission is to significantly improve the way people order custom apparel. We’re driven and impassioned to fix the broken system because we’ve experienced both sides of the custom apparel … Continue reading “Taggler Garners $500,000 New Funding Round”

Innovation Hub: Introverts as Innovators

Entrepreneurs, bosses, and leaders are often highly social and extroverted—take Steve Jobs or Richard Branson. They can work a room. They derive energy from being around others. But what if being outgoing and extroverted isn’t actually the key to success in the workplace? Susan Cain, author of Quiet: The Power of Introverts in a World … Continue reading “Innovation Hub: Introverts as Innovators”

West Coast Biotech Roundup: Illumina, Atara, Invitae, Canaan & More

From big venture firms to tiny genomics startups, we’ve got plenty to round up this week—beyond biotech, too, as the San Francisco Giants head east to the biggest baseball rodeo for the third time in five years, thanks to Seattle native Travis Ishikawa (pictured). Here’s the windup, and the pitch… —Canaan Partners of Westport, CT, … Continue reading “West Coast Biotech Roundup: Illumina, Atara, Invitae, Canaan & More”

VC Funding Still Robust as Year-to-Date Total Exceeds 2013

Venture capital activity is down from a 13-year high during the second quarter, but a new MoneyTree Report released today shows that venture funding was still going strong in the three months that ended Sept. 30, with $9.9 billion invested in 1,023 deals. That was almost a 27 percent drop from the $13.5 billion that … Continue reading “VC Funding Still Robust as Year-to-Date Total Exceeds 2013”

Wilshire Axon Sports Lands $2,000,000 Series A Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f92f1a6e-14c4-4492-99d3-c014b9a3406f Date 10/17/2014 Company Name Wilshire Axon Sports Mailing Address 1100 Glendon 16th Floor Los Angeles, CA 90024 USA Company Description At Wilshire Axon Sports, our mission is to provide the absolute best suite of tools for teams to connect with their fans. Focused completely on driving revenue, we marry advanced technology … Continue reading “Wilshire Axon Sports Lands $2,000,000 Series A Funding Round”

H3 Financial Services Garners Series A Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=15dc578c-25fe-448a-83ae-c8f0a01db403 Date 10/17/2014 Company Name H3 Financial Services Mailing Address 101 Columbia Aliso Viejo, CA 92656 USA Company Description H3 Financial Services is a leading provider of end-to-end software solutions and services creating, managing and automating in-house and third-party financing programs, membership programs, subscription billing. Website http://www.h3financialservices.com Transaction Type Venture Equity Transaction … Continue reading “H3 Financial Services Garners Series A Financing”

Canaan Closes $675M Fund, One Of Venture’s Ten Largest This Year

In a year of big venture capital numbers, Canaan Partners has provided one of the biggest. The Westport, CT-based firm announced Thursday a $675 million fund, its tenth. As with its previous general funds, Canaan, which also has a main office in Silicon Valley, will put the money into both tech and life sciences. Both … Continue reading “Canaan Closes $675M Fund, One Of Venture’s Ten Largest This Year”

Vyu Obtains $825,000 Seed Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=db876eb7-5485-4711-aadd-99cb542a9125 Date 10/16/2014 Company Name Vyu Mailing Address 604 Arizona Ave. Santa Monica, CA 90401 USA Company Description Vyu is a social content app to make following the latest on your favorite TV shows easier than ever. Everything you need — news, gossip, social feeds — all in one place. Tell the … Continue reading “Vyu Obtains $825,000 Seed Financing”

Speakr Lands $2,900,000 Seed Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=af44ce30-5b5e-4891-89d4-f3c2d5f10c98 Date 10/16/2014 Company Name Speakr Mailing Address 8721 W. Sunset Blvd P10 West Hollywood, CA 90069 USA Company Description We fuel the most impactful campaigns in social for the world’s largest brands. More than 60 major brands leverage our technology platform and influencer network. Website http://www.speakr.com Transaction Type Venture Equity Transaction … Continue reading “Speakr Lands $2,900,000 Seed Funding Round”

Vyu Garners $825,000 Seed Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=db876eb7-5485-4711-aadd-99cb542a9125 Date 10/16/2014 Company Name Vyu Mailing Address 604 Arizona Ave. Santa Monica, CA 90401 USA Company Description Vyu is a social content app to make following the latest on your favorite TV shows easier than ever. Everything you need — news, gossip, social feeds — all in one place. Tell the … Continue reading “Vyu Garners $825,000 Seed Round”

Speakr Receives $2,900,000 Seed Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=af44ce30-5b5e-4891-89d4-f3c2d5f10c98 Date 10/16/2014 Company Name Speakr Mailing Address 8721 W. Sunset Blvd P10 West Hollywood, CA 90069 USA Company Description We fuel the most impactful campaigns in social for the world’s largest brands. More than 60 major brands leverage our technology platform and influencer network. Website http://www.speakr.com Transaction Type Venture Equity Transaction … Continue reading “Speakr Receives $2,900,000 Seed Funding Round”

Illumina Admits First Startup Accelerator Class

Bioinformatics giant Illumina (NASDAQ: [[ticker:ILMN]]) is getting into the accelerator game, along with other players in the life sciences and other fields. On Wednesday it announced the first three startups chosen to start the program this fall at its San Francisco lab space. San Diego-based Illumina, which makes genomic analysis systems, unveiled the program in … Continue reading “Illumina Admits First Startup Accelerator Class”

Qualcomm and Techstars Establish Accelerator for Robotics Startups

As the global market tops out for advanced smartphone processors, radios, and other wireless chips, Qualcomm (NASDAQ: [[ticker:QCOM]] is staking a claim in robotics. Under a partnership with Boulder, CO-based Techstars announced today, the wireless technology giant plans to host a four-month robotics accelerator for 10 startups at its San Diego headquarters next year. The … Continue reading “Qualcomm and Techstars Establish Accelerator for Robotics Startups”

Ensighten Buys Anametrix Amid Consolidation in Digital Marketing

San Jose, CA-based Ensighten, which provides Web-based tag management technology for corporate customers, says today it has acquired Anametrix, a San Diego specialist in software-as-a-service used to analyze and optimize multi-channel digital marketing. It is Ensighten’s second acquisition this year, and extends a wave of consolidation that has been underway for more than a year … Continue reading “Ensighten Buys Anametrix Amid Consolidation in Digital Marketing”

RadPad Receives $3,185,000 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d48107be-7677-4cf6-b153-43ea3b079e60 Date 10/15/2014 Company Name RadPad Mailing Address 8532 West Knoll Dr. West Hollywood, CA 90069 USA Company Description From listing a pad on the market and finding the perfect renter to looking for that awesome new pad to call home, RadPad is redefining what it means to rent. We’re bringing transparency … Continue reading “RadPad Receives $3,185,000 New Financing Round”

Ensighten Acquires Anametrix for Undisclosed Sum

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=bf1ef424-2ada-4b05-9c61-7a3ff29bb3ce Date 10/15/2014 Company Name Anametrix Mailing Address 10225 Barnes Canyon Road San Diego, CA 92121 USA Company Description At Anametrix, our vision is to become the wheelhouse of all data, the one place where marketers can see, analyze, and act on the data they have – whatever the data is and … Continue reading “Ensighten Acquires Anametrix for Undisclosed Sum”

Venture Firms Turn Down Funding Volume, but Still Rockin’ in Q3

Venture capital activity descended from the stratosphere during the third quarter, but it was still flying high, as venture firms invested nearly $9.8 billion in 879 deals across the United States, according to a report released today by the financial data firm CB Insights. The amount invested during the quarter was down 30 percent from … Continue reading “Venture Firms Turn Down Funding Volume, but Still Rockin’ in Q3”

Untying the Knots in Big Data and Big Biology: Q&A with Andrew Su

As big data becomes increasingly important in using genomic information, the National Institutes of Health is funding a sweeping initiative to help untie the knots that make it hard to extract and apply meaningful information from huge biomedical data sets. The program was conceived, in the words of NIH Director Francis Collins, to “overcome the … Continue reading “Untying the Knots in Big Data and Big Biology: Q&A with Andrew Su”

Doctors Close to Implanting First Stem-Cell Therapy for Diabetes

Researchers from San Diego-based ViaCyte and UC San Diego provided new details about the first-ever human clinical trial of a stem cell-derived therapy for patients with type 1 diabetes yesterday at a scientific symposium at The Salk Institute. The early stage clinical trial is intended to test the safety of an approach that ViaCyte has … Continue reading “Doctors Close to Implanting First Stem-Cell Therapy for Diabetes”

Idun Pharmaceuticals Receives $500,011 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ab089a8d-db9f-4e1b-84f9-6b5be227c6a8 Date 10/10/2014 Company Name Idun Pharmaceuticals Mailing Address 12463 Rancho Bernardo Rd. San Diego, CA 92128 USA Company Description Idun Pharmaceuticals, Inc. is a biopharmaceutical company dedicated to the discovery and development of novel therapeutics in the areas of liver disease, inflammation, and cancer. Website http://www.idun.com Transaction Type Debt Transaction Amount … Continue reading “Idun Pharmaceuticals Receives $500,011 New Round”

Tongal Lands $5,000,004 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ad248e84-16ea-4a11-980c-d246ce818a0c Date 10/10/2014 Company Name Tongal Mailing Address 1918 Main Street 2nd Floor Santa Monica, CA 90405 USA Company Description Tongal offers creative people the unique opportunity to work with brands and companies that need new and original video content, which means you can get paid to do what you love. Website … Continue reading “Tongal Lands $5,000,004 New Financing”

West Coast Biotech Roundup: CareFusion, Sunesis, Second Genome, Etc.

After a week’s hiatus, the roundup is back. We’ve been busy. New Xconomy San Francisco editor Bernadette Tansey took a first look at a plan to build a local incubator for synthetic biology startups, while I covered an appearance by Tekmira Pharmaceuticals CEO Mark Murray, the first since his company’s drug was approved for emergency … Continue reading “West Coast Biotech Roundup: CareFusion, Sunesis, Second Genome, Etc.”

Allot Closing San Diego Operations Two Years After Ortiva Buyout

Israel’s Allot Communications (NASDAQ: [[ticker:ALLT]]) is shutting down its San Diego-based operations, which came with the 2012 acquisition of Ortiva Wireless, a spokeswoman confirmed today. About 20 employees are affected by the shutdown, according to an e-mail from Maya Lustig, director of communications for Allot, which is based near Tel Aviv, in Hod Hasharon. Ortiva, … Continue reading “Allot Closing San Diego Operations Two Years After Ortiva Buyout”

Can Salesforce1 Push the Workforce into the Mobile Age?

Dreamforce 2014 is quickly approaching, and it has me thinking about the impact Salesforce (NASDAQ: [[ticker:CRM]]) has had on the way we work and more generally on the future of work itself. Dreamforce is the annual Salesforce user conference, and it has more or less become a must-attend event for anyone in the cloud computing … Continue reading “Can Salesforce1 Push the Workforce into the Mobile Age?”

What Seattle Needs (Part 3): Working Together to Revitalize Biotech

These are incredibly exciting times in biomedical research. Though the biopharmaceutical industry is in flux, prospects for a greater understanding of the disease process, and the development of new treatments, has never been brighter. Gilead Sciences’s new hepatitis C drug sofosbuvir (Sovaldi) will actually cure most patients of their infections, and replaces treatments that were … Continue reading “What Seattle Needs (Part 3): Working Together to Revitalize Biotech”

Crowdfunder Obtains $3,500,000 Series A Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3aabcfce-7afb-407a-85be-38896b12ded1 Date 10/8/2014 Company Name Crowdfunder Mailing Address 3435 Ocean Park Blvd. Santa Monica, CA 90405 USA Company Description Based in Los Angeles, crowdfunder is a business crowdfunding platform that is at the forefront of changing U.S. laws to enable U.S. based startups and small businesses to raise funds through Equity or … Continue reading “Crowdfunder Obtains $3,500,000 Series A Round”

Civic Resource Obtains $300,000 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=66ab18a4-b261-46ef-b926-4361d8043da7 Date 10/8/2014 Company Name Civic Resource Mailing Address 915 Wilshire Boulevard Los Angeles, CA 90017 USA Company Description We provide technology strategies, tools and solutions that empower organizations and businesses operating in the civic sector to operate more efficiently, communicate more effectively, and connect with their communities. Website http://www.civicresource.com Transaction Type … Continue reading “Civic Resource Obtains $300,000 New Financing”

ShipHawk Lands $5,000,000 Series A Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=90f0f77c-4aa1-4910-939f-53301203c14d Date 10/8/2014 Company Name ShipHawk Mailing Address 3463 State Street Santa Barbara, CA 93105 USA Company Description The ShipHawk family is growing fast. Our company culture fosters a supportive, collaborative, and outgoing team environment. Our product is the first of it’s kind and we take pride in the quality of our … Continue reading “ShipHawk Lands $5,000,000 Series A Funding”

Avidity NanoMedicines Receives $6,000,000 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=dc3d8211-9c9b-4902-9f50-eb3c0f5d4d5d Date 10/8/2014 Company Name Avidity NanoMedicines Mailing Address 11119 North Torrey Pines Road La Jolla, CA 92037 USA Company Description Avidity NanoMedicines is advancing a new class of drug candidates, antibody-siRNA complexes (ARCs™), which draw on the best features of both antibody-drug conjugates and nucleic acid-based medicines and which utilize nano-scale … Continue reading “Avidity NanoMedicines Receives $6,000,000 New Financing Round”

So Far, Little Proof That Digital Health Is Healthy. Does It Matter?

Digital health is popular among investors, there’s no doubt. But is it good for us? Products such as fitness wristbands and online wellness coaching are generating buzz, and as a techno-skeptic I often roll my eyes at the trendy accessories and general assumption that life is easier online. Meanwhile, the funding keeps rolling in. Through … Continue reading “So Far, Little Proof That Digital Health Is Healthy. Does It Matter?”