Fourth-Quarter Venture Capital Investments In Los Angeles County.
Fourth-Quarter Venture Capital Investments In Los Angeles County
BIOTECHNOLOGY
Amt. Invested Funding
Capital Recipient Investors (millions) Stage
Ceres Oxford Bioscience Ptnrs. $17 Fourth
Malibu and others & beyond
Nature of
Capital Recipient Business
Ceres Developer of agricultural tech-
Malibu nology to improve crops
Total Sector Investment: $17 million
No. of Deals: 1
Percent of 4th Qtr. Total: 2.0%
BUSINESS SERVICES
Amt. Invested
Capital Recipient Investors (millions)
BizBuyer.com CMG@Ventures, Redpoint $38.5
Santa Monica Ventures, US Venture ptnrs.
Castling Group LF International Inc. $0.5
Santa Monica
E-ppraisal Inc. ECICS Mgmt. Pte Ltd., Golden $1.06
Westlake Village Eight Venture Capital LP
eBiz.net Inc. Columbia Capital, First Union $60
El Segundo Capital Ptnrs and others
Eruptor Chase Capital Ptnrs. $2
Marina del Rey and others
Go Warehouse.com Draper Fisher Jurvetson, Sun $3.5
Santa Monica America, Zone Ventures
Mediafloor Inc. Enterprise Ptnrs, Infinity Capital $12.7
Santa Monica Venture Fund, Sprout Group, others
PeopleSupport.com Accel Ptnrs, Benchmark $17.6
Los Angeles Capital, Idealab Capital Ptnrs., others
Prime Advantage Corp Partech International $2
El Segundo and others
Produce OnLine Altos Ventures and others $3.2
Pasadena
WebVision Nova Quest TL Ventures $1.5
Torrance
Funding Nature of
Capital Recipient Slage Business
BizBuyer.com Third Help small businesses identify
Santa Monica qualified vendors online
Castling Group lnitial/ Provider of internet strategy,
Santa Monica Seed technology & design services
E-ppraisal Inc. Second Automated valuation service
Westlake Village for residential real estate
eBiz.net Inc. First Business to business web and
El Segundo application hosting solutions
Eruptor Not Destination site for teens and
Marina del Rey Categorized home of cutting-edge products
Go Warehouse.com Initial/ Provides inventory mgmt. and
Santa Monica Seed logistics tracking services
Mediafloor Inc. First Automation of time/bid solicita-
Santa Monica tion process for media production
PeopleSupport.com Third Provide Internet customer
Los Angeles support
Prime Advantage Corp Bridge Online trading community for
El Segundo manufacturing companies
Produce OnLine Intial/ Allows growers & buyers to pool
Pasadena Seed transaction information & cut costs
WebVision Nova Quest Second Application service provider giving
Torrance fully functional Internet presence
Total Sector Investment: $142.6 million
No. of Deals: 11
Percent of 4th Qtr. Total: 16.7%
ELECTRONICS/INSTRUMENTATION
Amt. Invested Funding
Capital Recipient Investors (millions) Stage
Cyrano Sciences Inc. Johnson & Johnson Dev., $7.5 Second
Pasadena Marquette Venture Ptnrs.,
Oak Investment Ptnrs.
Nature of
Capital Recipient Business
Cyrano Sciences Inc. Mfg. electronic software which
Pasadena identifies odors & interprets
sensory data
Total Sector Investment: $7.5 million
No. of Deals: 1
Percent 4th Qtr. Total: 0.9%
FINANCIAL SERVICES
Amt. Invested Funding
Capital Recipient Investors (millions) Stage
ePolicy.com Inc. ARCH Venture Ptnrs. $6 First
Torrance
iExchange Idealab, Kleiner Perkins $28.5 Fourth &
Pasadena Caufield & Byers Beyond
Propertyfirst.com Amerindo Investment Adv., $44.3 Second
Alhambra Brentwood Venture Cap., Oak Invest.
Ptnrs., Sun America, TMCT Ventures
Nature of
Capital Recipient Business
ePolicy.com Inc. Provide small business
Torrance insurance online
iExchange Online marketplace for
Pasadena financial information
Propertyfirst.com Provide electronic listing svc.
Alhambra for comm. real estate industry
Total Sector Investment: $78.76 million
No. of Deals: 3
Percent of 4th Qtr. Total: 9.3%
HEALTH CARE SERVICES
Amt. Invested Funding
Capital Recipient Investors (millions) Stage
Aspen Youth Services Frazier Healthcare $0.8 Bridge
Cerritos Investments, Sprout Group
DrDrew.com Garage.com Investments, $8 Second
Pasadena Softbank Tech Ventures, others
iBenefits Endeavor Capital Mgmt. $10 Second
El Segundo and others
Preferred Health Mgmt. Essex Woodlands $0.14 Fourth &
Woodland Hills Health Ventures Fund III Beyond
Nature of
Capital Recipient Business
Aspen Youth Services Education & treatment services
Cerritos for at-risk youth
DrDrew.com Interactive health & lifestyle
Pasadena Web site for 18-to 34-year-olds
iBenefits Web-based benefits enrollment &
El Segundo admin. svcs. to midsize firms
Preferred Health Mgmt. Diagnostic service broker &
Woodland Hills financing in health care industry
Total Sector Investment: $18.94 million
No. of Deals: 4
Percent of 4th Qtr. Total: 2.2%
INDUSTRIAL
Amt. Invested
Capital Recipient Investors (millions)
Capstone Turbine Corp. EnerTechCap. Ptnrs., $10
Tarzana Nth Power Technologies,
Rho Management, Sevin Rosen Funds
Funding Nature of
Capital Recipient Stage Business
Capstone Turbine Corp. Fourth & Compact micro-turbine
Tarzana Beyond systems & engines
Total Sector Investment: $10 million
No. of Deals: 1
Percent of 4th Qtr. Total: 1.2%
NETWORKING & EQUIPMENT
Amt. Invested Funding
Capital Recipient Investors (millions) stage
InternetConnect Crosspoint Venture Ptnrs., $10 Second
Marina del Rey Spectrum Equity Investors
Nature of
Capital Recipient Business
InternetConnect Internet solutions for small
Marina del Rey & medium sized businesses
Total Sector Investment: $10 million
No. of Deals: 1
Percent of 4th Qtr. Total: 1.2%
NEW MEDIA
Capital Recipient Investors
Creative Planet Chase Capital Ptnrs., East
North Hollywood River Ventures and others
Edmunds.com General Electric Pension
Beverly Hills Trust, Rare Ventures
elndia.com Alta Ptnrs./Burr Egan
Simi Valley Deleage & Co., WS Investments
Handshake.com Idealab Capital Ptnrs.
Los Angeles and others
HomePage.com Inc. Idealab Capital Ptnrs.
Pasadena and others
Iwin.com Rader Reinfrank & Co.
Santa Monica and others
Kidsonline.com Idealab Capital Ptnrs.
Pasadena
MediaNet Communications Avalon Tech-
El Segundo nology and others
MixMe Networks Chase Capital Partners
West Hills and others
OnlineLearning.net St. Paul Venture Capital
Los Angeles and others
PayMyBills.com Idealab Capital Ptnrs.
Pasadena and others
Rotor.net Global Crossing Ventures,
Los Angeles Sprout Group
Thirsty.com Comdav Investments, Con-
Los Angeles stellation Venture Cap., Northstar Capital
Toptutors.com Idealab Capital Ptnrs.
Santa Monica and others
X:drive Dawntreader LP
Santa Monica and othrs
Amt. Invested Funding
Capital Recipient (millions) Stage
Creative Planet $25 First
North Hollywood
Edmunds.com $10 Initial/
Beverly Hills Seed
elndia.com $3.025 First
Simi Valley
Handshake.com $4 First
Los Angeles
HomePage.com Inc. $12.02 Second
Pasadena
Iwin.com $25 First
Santa Monica
Kidsonline.com $0.67 Second
Pasadena
MediaNet Communications $4.36 Second
El Segundo
MixMe Networks $0.6 Third
West Hills
OnlineLearning.net $2.1 Not
Los Angeles Categorized
PayMyBills.com $30 Third
Pasadena
Rotor.net $12 Third
Los Angeles
Thirsty.com $10 Initial/
Los Angeles Seed
Toptutors.com $5 Second
Santa Monica
X:drive $20 Second
Santa Monica
Nature of
Capital Recipient Business
Creative Planet Provide news, features & products
North Hollywood to film production firms
Edmunds.com Provides automobile reviews,
Beverly Hills consumer info and analysis
elndia.com Website for international Indian
Simi Valley community from India
Handshake.com Internet referral service for
Los Angeles hiring local service providers
HomePage.com Inc. Provide homepage svcs and
Pasadena destination of consumer homepages
Iwin.com Offers online games, contests
Santa Monica and raffles
Kidsonline.com Trading Web site
Pasadena
MediaNet Communications Offers content production appli-
El Segundo cations for film/video professionals
MixMe Networks Offers Web-based, original, audio
West Hills technology for e-mail service
OnlineLearning.net Provides branded distance learning
Los Angeles for continuing education market
PayMyBills.com Provides personal Web-based
Pasadena bill management service
Rotor.net Content site of interactive
Los Angeles media on the Internet
Thirsty.com Online entertainment network
Los Angeles targeting "Generaltion Y"
Toptutors.com Helps teachers conduct one-on-
Santa Monica one tutoring from their own homes
X:drive Online virtual storage "soft" tools/
Santa Monica applications available on Internet
Total Sector Investment: $163.8 million
No. of Deals: 15
Percent of 4th Qtr. Total: 19.2%
PUBLISHING/BROADCASTING
Amt. Invested Funding
Capital Recipient Investors (millions) Stage
Buenavision Telecomm. MESBIC Ventures $0.2 Fourth &
Los Angeles Holding Co. Beyond
Nature of
Capital Recipient Business
Buenavision Telecomm. Own & operate cable
Los Angeles television systems
Total Sector Investment: $0.2 million
No. of Deals: 1
Percent of 4th Qtr. Total: 0.0%
RETAILING/DISTRIBUTION
Amt. Invested
Capital Recipient Investors (millions)
Carparts.com Brand Equity Ventures, CMG@ $42
Santa Monica Ventures, Ravenswood Cap. Venture,
Rho Mgmt., St. Paul Venture Cap. and others
CarsDirect.com Foundation Cap., Goldman $280
Culver City Sachs, Hambrecht & Quist, Idealab,
Morgan Stanley Dean Witter, Oracle, Primedia
DVD Express Geocapital Partners $2.6
Los Angeles and others
E-Style Global Retail Ptnrs., Goldman $45
Los Angeles Sachs, Maveron, Oak Investment,
Vulcan Ventures, Zone Ventures
eNutrition.com Idealab Capital Ptnrs. $4
Woodland Hills
eTeamz rocket Ventures $1
Los Angeles
The Walking Co. Stratford Equity $6
Chatsworth Ptnrs. and others
Funding Nature of
Capital Recipient Stage Business
Carparts.com Second e-commerce sales of auto parts
Santa Monica to consumers & businesses
CarsDirect.com Fourth & Website serves as online pur-
Culver City Beyond chasing destination for automobiles
DVD Express Bridge Online retailer of digital movies,
Los Angeles videos, games and music
E-Style Third Online retailer of baby and mater-
Los Angeles nity clothing and products
eNutrition.com First E-commerce site for nutrition
Woodland Hills products; fitness content
eTeamz Initial/ Online sports community for ama-
Los Angeles Seed teur leagues, teams, athletes
The Walking Co. Mezzanine Retail stores selling walking/
Chatsworth comfort shoes
Total Sector Investment: $380.7 million
No. of Deals: 7
Percent of 4th Qtr. Total: 44.7%
SEMICONDUCTORS/EQUIPMENT
Amt. Invested Funding
Capital Recipient Investors (millions) Stage
Pivotal Technologies Goldman Sach $10 Second
Pasadena and others
Nature of
Capital Recipient Business
Pivotal Technologies Sell application designs to tech firms;
Pasadena collect license fees; not a mfg.
Total Sector Investment: $10 million
No. of Deals: 1
Percent of 4th Qtr. Total: 1.2%
SOFTWARE
Amt. Invested
Capital Recipient Investors (millions)
Electric Pal Zone Ventures $1
Culver City
Internet Dynamics ARCH Venture Ptnrs., $0.45
Westlake Village Walden Grp. of Venture Cap. Funds
StorActive Inc. The CIT Group/Venture $1
Marina del Rey Capital Inc. and others
Thinque System Corp. Enterprise Partners, InnoCal $2
Universal City
Funding Nature of
Capital Recipient Stage Business
Electric Pal Initial/ Internet-based communications tool
Culver City Seed and online personal agent
Internet Dynamics Fourth & Developer of software that provides
Westlake Village Beyond solution for intranet/extranet security
StorActive Inc. Not Continuous data protection
Marina del Rey Categorized software for networked PCs
Thinque System Corp. Bridge Provider of mobile solutions
Universal City targeting consumer goods services
Total Sector Investment: $4.5 million
No. of Deals: 4
Percent of 4th Qtr. Total: 0.5%
TELECOMMUNICATIONS
Amt. Invested Funding
Capital Recipient Investors (millions) Stage
Sonoma Systems Lazard Tech Ptnrs., The CIT $7.5 Not
Marina del Rey Group/Venture Cap., Walden Group categorized
Nature of
Capital Recipient Business
Sonoma Systems Design/market products for broad-
Marina del Rey band network access market.
Total Sector Investment: $7.5 million
No. of Deals: 1
Percent of 4th Qtr. Total: 0.9%
Survey data has been obtained from venture
capitalists responding to the questionnaire and/or
from capital recipients identified by the venture capitalists.
All data subject to change.
Source: PricewaterhouseCoopers LLP
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