OC cloud computing startup raises $2 million
Irvine-based startup Numecent has raised $2 million of its first outside funding round in which it hopes to raise $10 million. … The firm, still in stealth mode, didn’t name its investors. It...
View ArticleReport: Fewer firms raised less private equity in 2011
Private equity firms invested less money in fewer companies in 2011, compared to 2010, according to the Annual PE Breakdown 2012 by PitchBook and sponsored by Merrill DataSite. Source: PitchBook During...
View ArticleO.C. tech entrepreneur returns with new venture
Long-time tech industry observers in Orange County probably remember George Kurtz ias CEO of Foundstone when it was sold to McAfee for $86 million in 2004. George Kurtz Kurtz has been at McAfee since...
View ArticleVC raises $5 billion; private equity $38 billion
During the first quarter, 42 U.S. private equity funds raised $4.9 billion, down 35% from the money raised in the same period of 2011, according to Thomson Reuters and the National Venture Capital...
View ArticleO.C. eye surgery firm raises $16.5 million
WaveTec Vision, an Aliso Viejo medical device firm whose technology improves the accuracy of cataract surgery, announced it has raised an additional $16.5 million. Last year, the company raised $15.9...
View ArticleO.C. energy firm raises $5 million
Phoenix Energy Technologies in Irvine has received a $5 million equity investment from Five Peaks Capital Management and Bluff Point Associates, both in Connecticut. Phoenix Energy, founded in 2004,...
View ArticleO.C. accelerator names first 7 investments
If you had up to $25,000 to invest in a high-risk but potentially high-reward start-up venture, what would it be? Here’s how the founders of K5 – Orange County’s first accelerator committed to starting...
View ArticleCalifornia 1st in private equity deals
In 2011, 214 California companies received $15.7 billion in funding from private equity firms, says the Private Equity Growth Capital Council. That’s first in the number of investments and third in...
View ArticleInvestors give OC firm $572,500
Six accredited investors have bought stock in Premier Holding Corp. in Aliso Viejo for a total of $572,500. Premier Holding provides financial and management expertise for mergers, joint ventures and...
View ArticlePrivate equity investments plunge to 3-year low
The number of companies receiving private equity in the second quarter — 303 — was the lowest in at least six years, according to PitchBook Data Inc., and the$51 billion invested was the lowest since...
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