The Active Network Files for IPO, EcoATM Banks $14M, Qualcomm Issues Augmented Reality Awards, & More San Diego BizTech News
Capital isn’t exactly flowing freely, but it’s flowing better now than it was two years ago, if last week’s San Diego tech deals are any guide. We’ve got that wrapped up for you here, along with the rest of the biztech report.
—San Diego-based EcoATM, a startup developing automated kiosks for recycling cell phones and other electronics, raised $14.4 million in a Series A round of financing led by Coinstar (NASDAQ: CSTR) and Claremont Creek Ventures. The financing, which includes a venture loan from Silicon Valley Bank, should enable the company to begin manufacturing its kiosks. EcoATM also got a Small Business Innovation Research Grant and was granted its first patent.
—San Diego’s Active Network filed for an IPO, proposing to raise $150 million. The Active Network, founded in 1998 to provide online registrations for marathons and triathlons, now provides online registration and marketing services for more than 47,000 organizations, including recreation leagues, educational institutions, corporations, government agencies, and non-profit groups.
—San Diego’s Slacker has raised an additional $3 million in financing, bringing the startup’s total to at least $26 million since the streaming radio service was founded in 2006.
—In a Q&A with The San Diego Union Tribune, Texas oilman T. Boone Pickens outlined details of his proposed domestic energy, which is intended to get America off the foreign oil habit. Pickens, who logged 38 town hall meetings last year, says he doesn’t want the government to pay for any infrastructure, but he’d like to see truckers get some help on the difference in cost as an incentive to switch from diesel to natural gas. “Once we move … Next Page »