SD BizTech Roundup: Qualcomm, Razer, Avalon’s Zynga Windfall, & More
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angel investors and the company’s own operations.
—San Diego’s SweetLabs said it is extending its Pokki desktop apps under a partnership with Redwood City, CA-based Kabam by making four popular Kabam games available as Pokki apps. After introducing a number of utility apps for Windows-based desktops six months ago, SweetLabs says users can now add “always on” apps for Kabam’s Dragons of Atlantis; Edgeworld; The Godfather: Five Families; and Thirst of Night.
—San Francisco-based Zynga’s (NASDAQ: ZNGA) IPO last month provided a windfall for its founders and investors, including San Diego-based Avalon Ventures. Avalon, which invested $5.3 million in Zynga, holds a stake that was valued at $340 million at Zynga’s IPO, which priced the social game-maker’s market valuation at $7 billion. Regulatory filings show that Avalon reaped about $25 million by selling a slice of its stake in the IPO, and made nearly $20.9 million in an earlier share buyback.
—Cardiff, CA-based Restaurant Revolution Technologies, which provides order management services for restaurants, has increased the size of its previously disclosed equity round to $1.25 million, according to VentureWire. The company said in August that the BR Venture Fund, the MBA student-run venture fund of the Johnson School at Cornell University, was among the investors in the round.
—San Diego-based Tealium has raised $1.1 million from investors, according to a recent regulatory filing. As we previously reported, the four-year-old startup has developed Web-based software that enables corporate marketers to manage the Java-based tags used in online marketing campaigns.