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January 18, 2008

eSolar Gets $10 Million from Google.org

1/18/08 – Pasadena-based eSolar, the renewable energy startup that specializes in solar thermal power, has been given the largest grant by Google.org in its initial $26 million disbursement of funds.  Back in late November, Google.org, which is Google’s philanthropic arm, announced that eSolar would be part of the first group of companies to receive support.

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January 15, 2008

Fisker Automotive Gets Backing from Kleiner Perkins Caufield & Byers

1/15/08 – Irvine-based Fisker Automotive, a startup that is working on a range of environmentally friendly sports cars, has secured a second round of funding, from Kleiner Perkins Caufield & Byers.  Fisker is a joint venture of Quantum Fuel Systems and Fisker Coachbuild that was launched in September, 2007.  The firms did not disclose the funding amount.

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Oversee Nets $150 Million Investment

1/15/08 – Oversee.net, the downtown Los Angeles-based online media company that runs domain and online marketing services businesses, announced today that it has executed a definitive agreement with private equity firm Oak Hill Capital Partners for an investment of $150 million.  The firms did not disclose specific terms, but said that the transaction is expected to close by the end of January.

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December 20, 2007

Goodreads Gets Angel Funding

12/20/07 – Santa Monica-based Goodreads, a social networking web site where users discuss books, has announced that it has raised a round of funding from angel investors, including James Currier, founder of Ooga Labs, and Tickle.com.  The company has not disclosed the amount raised.

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December 17, 2007

Juice Wireless Raises $6 Million in Funding

12/17/07 – Los Angeles-based Juice Wireless, the mobile device-based social networking service, has closed its third round of funding, raising $6 million.  The round was led by 21Ventures, which joins Qualcomm and Citizen’s Communications as investors.

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December 14, 2007

EdgeCast Networks Closes $6 Million Financing Round

12/14/07 – Los Angeles-based EdgeCast Networks, which has created a rich media content delivery network, has announced the closing of a $6 million series B financing round led by Steamboat Ventures, the venture capital firm affiliated with Disney.  The company also announced that Scott Hilleboe, senior principal of Steamboat Ventures, and Jeffrey Stibel, president of Website Pros, will join EdgeCast’s board of directors.

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November 06, 2007

Specific Media Secures $100 Million in Funding

11/6/07 – Specific Media, an Irvine-based online advertising network, has closed a series B financing round from Francisco Partners of up to $100 million, with access to further resources as necessary, according to the company.

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October 16, 2007

Fix8 Closes $3 Million Funding Round

10/16/07 – Sherman Oaks-based online video animation company Fix8  has raised $3 million in a round lead by Vickers Financial Group.  The company provides interactive media tools for user-generated content, allowing users to create animation and add to videos and other content. has raised $3 million in a round lead by .The company provides interactive media tools for user-generated content, allowing users to create animation and add to videos and other content.

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October 12, 2007

Leads360 Raises $3.25 Million

10/12/07 – Leads360, the Los Angeles-based provider of on-demand customer acquisition and lead management solutions, today announced that it has raised $3.25 million in series A financing from Rustic Canyon Partners.  Leads360 says it will use the funding to accelerate growth and expand into new lead categories, ramp its sales and marketing efforts, and accelerate ongoing product development.

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October 09, 2007

ReachLocal Secures $55.2 Million

10/9/07 – ReachLocal, a Woodland Hills-based search marketing firm, announced today it has secured $55.2 million in series D funding.  The round was led by Rho Ventures, and also included Galleon Crossover Fund and VantagePoint Venture Partners.

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October 04, 2007

The Rubicon Project Closes $6 Million Funding Round

10/4/07 – Los Angeles-based The Rubicon Project, a startup online marketing and advertising firm, has secured $4 million in series A funding from Clearstone Venture Partners and an additional $2 million in venture debt through Square1Bank.

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September 28, 2007

Maker of iPhotoMeasure Raises $400K

9/28/07 – Tarzana-based DigiContractor, maker of the iPhotoMeasure photo-measuring software, announced this week that it has raised a total of $400K in funding over the past two years, including an undisclosed amount recently that CEO and founder Paul Minor says will allow it to launch a new version of the software.

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September 27, 2007

Zag Raises $13.5 Million

9/27/07 – Santa Monica-based Zag, an online auto sales company, has raised $13.5 million in funding, led by Capricorn Investment Group.  The company says that since launching in 2005, it has now raised over $46 million in equity capital and additional acquisition debt of $21 million, for a combined total of $67 million.

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September 26, 2007

Reports: Demand Media Raises $100 Million

9/26/07 – Various sources are reporting that Demand Media, the Santa Monica-based social media and domain holding company, has raised a whopping $100 million in series C funding led by Goldman Sachs.

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September 11, 2007

Twistbox Entertainment Raises $19.5 Million

9/11/07 – Twistbox Entertainment, a mobile entertainment company based in Sherman Oaks, has closed a $19.5 million round of funding led by an affiliate of ValueAct Capital.

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September 06, 2007

Jacked Raises $6.5 Million; Partners with NBC

9/6/07 – Santa Monica-based Jacked, an online publishing platform designed to operate simultaneously with TV programming, has closed a $6.5 million initial round of funding from Provenance Ventures, Core Capital Partners and Gabriel Venture Partners.  The company also inked a deal with NBC to power NBCSports.com Play Action, which is an online in-game application that will accompany the network’s broadcasts of the 2007 Notre Dame football season.

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Zag Raises $13.5 Million

9/6/07 – Zag, a Santa Monica-based online auto sales company, has raised $13.5 million in funding, according to VentureWire and other sources.  Investors included Capricorn Management, Anthem Venture Partners, Arcturus Capital, Capital One Financial Corp. and GRP Partners.

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August 29, 2007

Trilogy Studios Closes Series B Funding

8/29/07 – Santa Monica-based Trilogy Studios, a videogame and virtual world development startup, today announced it has completed a second round of independent equity funding, totaling $3.2 million.  The company says the funds will be allocated to expand the company’s virtual world and casual massively multiplayer online businesses.

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inQ Raises $5 Million

8/29/07 – inQ, an Agoura Hills-based firm that provides outsourced online live chat sales solutions, says it has raised $5 million in a series D round of funding.  The round was led by Emergence Capital with existing investors Partech International, Dolphin Equity Partners and Hudson Ventures also participating, according to inQ.

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August 07, 2007

Passenger Secures $8.3 Million in Series B Funding

8/7/07 – Passenger, the Los Angeles-based provider of on-demand software that creates private brand communities for company collaboration with customers, today announced that it has secured $8.3 million in series B funding led by Steamboat Ventures, a venture capital firm affiliated with The Walt Disney Company.  Shelter Capital Partners, which led Passenger’s series A funding, and StarVest Partners also contributed to the round.

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July 13, 2007

Break.com Gets $21 Million from Lionsgate

7/13/07 – Lionsgate Entertainment said this week that it has invested $21 million in Los Angeles-based online video site Break.com.  Lionsgate, based in Vancouver, did not disclose the terms of the deal, but reports indicate the investment gives Lionsgate a 42 percent stake in the company.

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July 11, 2007

Spot Runner and United Talent Agency Launch Online Content Company

7/11/07 – Internet-based ad agency Spot Runner and Hollywood talent firm United Talent Agency have launched a new Los Angeles-based online content firm that the companies say “provides professional content creators access to financing, speed to market, greater ownership over their intellectual property and participation in all revenue streams including advertising.”  Called 60Frames Entertainment, Spot Runner and United Talent say it has raised $3.5 million in initial funding from Tudor Investment Corporation and the Pilot Group.

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July 10, 2007

GaimTheory Gets Investment, New CEO

7/10/07 – Los Angeles-based GaimTheory, developer of an online PC gaming platform, has received initial bridge funding from Momentum Venture Management.  In addition, Momentum managing director Stu MacFarlane will serve as GaimTheory’s CEO.

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July 09, 2007

Ripple Announces Partnership with Jack in the Box; $10 Million Funding Round

7/9/07 – El Segundo-based Ripple, which delivers hyper-local content on flat screen panels in public locations, today announced a major new partnership that will allow company-operated Jack in the Box restaurants to broadcast entertainment, breaking news and sports, and relevant local information to its customers.  Ripple also announced it has secured $10 million in a series B funding round, led by Draper Fisher Jurvetson.

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June 29, 2007

VantageILM Completes First Round of Financing

6/29/07 – VantageILM, a Pasadena-based provider of on-demand integrated loan management software, announced this week that it had completed an initial round of financing, raising $1.3 million.

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June 27, 2007

CircleUp Launches New Service for Group Web Sites and Social Networks; Completes $3 Million Funding Round

6/27/07 – A day after announcing that it has closed a $3 million funding round, CircleUp, the Newport Beach-based provider of a service that turns email and instant messenger into social communication tools, today debuted a new, embeddable “MyQuestions” widget for web sites.  CircleUp says the feature works on any web site, blog or social network serving groups, and users can communicate with their group or audience right from their site.

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June 22, 2007

SupplyFrame Completes $7 Million Funding Round

6/22/07 – SupplyFrame, a Pasadena-based vertical search engine for electronic components, has announced the completion of a $7 million series B funding round led by U.S. Venture Partners.  SupplyFrame says its existing investors, Clearstone Venture Partners and Arcturus Capital, are also participating in the financing.  In addition, the company announced that Irwin Federman, general partner at U.S. Venture Partners, will join the SupplyFrame board of directors.

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June 19, 2007

Teleflip Gets Debt Financing

6/19/07 – Santa Monica-based Teleflip, the startup that offers a service where email and text messages can be received on any mobile phone from any computer, has received $1 million in venture debt financing from Hercules Technology Growth Capital.  Teleflip recently deployed its flipMail free mobile email product, which works with all phones and all major U.S. carriers.

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June 06, 2007

Interneer Closes $2 Million Funding Round; Names New CEO

6/6/07 – Culver City-based Interneer has received $2 million in funding from GroundWork Equity, a firm that provides technology companies with strategic planning, execution and access to investment capital.  The company also announced that GroundWork founder and managing partner Michael Edell has been named CEO.

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June 05, 2007

Brash Entertainment Launches with $400 Million

6/5/07 – Brash Entertainment, a video game company focused on the creation of high-quality games based on movie releases, television and music properties, has officially launched.  Based in Hollywood, Brash is starting up with $400 million in funding.

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May 31, 2007

Siderean Secures Debt Financing

5/31/07 – El Segundo-based Siderean Software has received $2.5 million in new debt financing from BlueCrest Capital Finance, L.P., according to the companies.

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May 25, 2007

Buzznet Secures $6 Million in Funding

5/25/07 – Buzznet, a Hollywood-based social media network, today announced it has closed a $6 million round of financing led by Redpoint Ventures and Anthem Venture Partners.

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May 23, 2007

Prolacta Bioscience Closes $12 Million Funding Round

5/23/07 – Monrovia-based Prolacta Bioscience, a biotech company that provides the only commercially available human milk fortifier made exclusively from human milk for infants in the neonatal intensive care unit, announced today that it has secured more than $12 million in funding.  It also says that former Baxter Bioscience president John Bacich has been named chairman of the board.

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April 16, 2007

Reunion.com Receives $25 Million in Funding

4/16/07 – Los Angeles-based Reunion.com today announced it has completed a $25 million round of funding from Oak Investment Partners.  The social networking company was founded in 2002.

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April 03, 2007

Zaadz.com Gets Investment from Whole Foods CEO

4/3/07 – Topanga-based Zaadz.com, an online social networking site, last week announced that John Mackey, CEO of Whole Foods, Inc., has invested in the company.

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March 23, 2007

LegalZoom.com Announces Strategic Investment by Polaris Venture Partners

3/23/07 – Los Angeles-based LegalZoom.com, an online legal document preparation service, has announced that it has secured financing from Polaris Venture Partners, a national venture capital firm with over $3 billion under management.

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March 22, 2007

Amp’d Mobile and Motorola Announce Mobile Entertainment-Focused Phone

3/22/07 – There is more news from Amp’d Mobile, the Los Angeles-based MVNO and mobile content provider, as the company today unveiled the MOTO Q, Amp’d Edition from Motorola.

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February 15, 2007

Inogen Secures $22 Million in Financing

2/15/07 - Inogen, a leading developer of long-term oxygen therapy technologies, today announced that it has secured $22 million in funding from a group of investors led by Novo A/S.  The company says the funds will support new manufacturing capabilities and Inogen's expansion into international markets.

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February 07, 2007

Intel Capital Invests in Fonality

2/7/07 – Los Angeles-based Fonality, the provider of open source Internet telephony for the small to medium size business market, has secured $7 million in a series C round led by Intel Capital, with participation from existing investor Azure Capital Partners.

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January 25, 2007

Procore Technologies Raises $4 Million in Series B Financing

1/25/07 - Santa Barbara-based Procore Technologies, provider of the Procore software-as-a-service (SaaS) online tool for construction project management, announced this week that the company has successfully closed its Series B Preferred financing with $4 million in new investment capital.  The investment round was led by venture firm Great Pacific Capital.

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