San Luis Obispo-based Mindbody raised $35 million in a new venture capital round on Nov. 1, bringing its total raised to date to more than $60 million. The company makes online software for the owners of health and wellness businesses such as yoga studios and fitness centers. After compiling what it says is the largest Read More →
Two tri-county technology firms garnered $58.5 million in venture capital in recent weeks, deepening the region’s reputation as a hidden gem for growth-capital investors seeking proven entrepreneurs. Transphorm, the Goleta-based company focused on energy efficiency in electronics, has raised $35 million from a group backed by the Japanese government, bringing its total investment raised to Read More →
Thousand Oaks-based wireless firm Xirrus has raised an additional $23.5 million in venture capital, bringing its total funding to an estimated $122 million. The lastest funding round was led by existing investors August Capital, Canaan Partners, InterWest Partners, QuestMark Partners and US Venture Partners. Xirrus makes heavy duty Wi-Fi systems designed to replace wired networks Read More →
Farshad Fardad has raised $60 million and used $40 million of it to buy a Canadian firm in a bid to build a digital marketing conglomerate big enough to compete with the likes of ValueClick and the region’s other top names. Fardad is CEO of Westlake Village-based GlobalWide Media, founded in 2007. In May, the Read More →
Sirigen, a UC Santa Barbara biomedical technology spinout, has been acquired by New Jersey-based Becton Dickinson and Co. The company was founded in 2003 by two students and a professor to enter UCSB’s New Venture Competition. Sirigen won the competition in May 2003. The company’s technology tapped recently discovered conductive polymers to improve what are Read More →
By Stephen Nellis / Monday, August 13th, 2012 / Technology, Top Stories / Comments Off on Connexity powers up for profitability with new funds
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