A new report on the venture capital market was released Monday from Thomson Reuters and the National Venture Capital association, and finds that venture capital fundraising has dropped to $1.6 billion in Q3, with only 17 venture capital funds raising money. The NVCA and Thomson Reuters said that the results are the smallest number of venture capital fund raising The amount raise is the lowest since Q1 of 2003, when only $938M was raised. According to the report, the largest fund raised was for Khosla Ventures III, worth $750M, followed by Draper Fisher Jurvetson

Venture capitalist Steve Jurvetson , of Draper Fisher Jurvetson, is the lead on a $60M venture capital round in Hawthorne-based SpaceX , the space rocket firm headed by Elon Musk, according to PE Week . Tags: jurvetson steve capital venture space SpaceX--which disclosed earlier this year via regulatory filing (and reported in socalTECH) that it had raised $15M out of $60M in a funding round--has Jurvetson listed as a member of its board. Jurvetson is a well known enthusiast for rockets. READ MORE>> ...Tags:

Casting some additional light on the acquisition of El Segundo-based Ripple last week, acquiring firm TargetCast Networks revealed today that it has received a new round of venture capital worth $6.5M from one of Ripple's primary backers, Draper Fisher Jurvetson. Tags: capital venture targetcast rippl According to TargetCast, which is based in the Bay Area, it received $6.5M from DFJ and its existing backer Claremont Creek Ventures, which the firm said would go towards expansion of its network.

El Segundo-based Ripple TV , an out-of-home advertising network, disclosed this morning that it has raised $4M in a venture capital round. The funding came from Draper Fisher Jurvetson and Trinity Ventures. Tags: rippletv venture capital advertising rippl According to Ripple, the firm plans to use the new funding to continue to deliver its services. Ripple places digital screens delivering news, information, and advertising to retail chains such as Borders, Einstein Bros.

No details on the funding have yet been announced by the company, which is backed by Draper Fisher Jurvetson, Lehman Brothers Venture Partners, the Pasadena Angels, and the Tech Coast Angels. Tags: myshape fashion ecommerce venture capita Pasadena-based MyShape , the personalized fashion retailer run by Louise Wannier, has raised $10.5M in a new round of equity funding, according to a regulatory filing by the firm Wednesday.

Siimpel said the new round of funding was led by DOCOMO Capital, and also included Qualcomm, Motorola, Micron Technology, and its existing venture investors, which includes Draper Fisher Jurvetson, Portage Venture Partners, Zone Ventures, Scale Venture Partners, and SunAmerica. Arcadia-based Siimpel Corporation, a developer of micro-electrical-mechanical optical technology, announced today that it has scored another round of funding. Amount of the funding was not disclosed.

A study of the venture capital deal flow in Southern California conducted by socalTECH shows that venture capital deals dropped for Q3, to around $720M in deals, in a market dominated by clean technology firms. The numbers, which were drawn from venture deals tracked and reported in socalTECH's proprietary venture capital database, found that there was $719.7M in venture capital deals in the third quarter, down dramatically from $1.2B invested in Q3 of 2007, and down slightly from venture numbers in Q2, when there was approximately $966M in venture deals. The

Siimpel is venture backed by such firms as Draper Fisher Jurvetson, DoCoMo Capital, LG Innotek, Zone Ventures, Scale Venture Partners, Qualcomm Ventures, Motorola, Micron, Portage Ventures, and SunAmerica. Tags: siimpel siwave cell phone mems venture capita Arcadia-based Siimpel , a developer of MEMs-based, optical microsystems being applied to the cell phone camera market, has raised raised $813K as part of a new, $8.0M fundraising effort, according to a regulatory filing from the firm today.

The firm is backed by DOCOMO Capital, Qualcomm, Motorola, Micron Technology, Draper Fisher Jurvetson, Portage Venture Partners, Zone Ventures, Scale Venture Partners, and SunAmerica. Tags: venture capital optical semiconductor mems hardwar Arcadia-based Siimpel , a developer of micro-electro-mechanical optical technology, hauled in $8.78M in its November funding, according to figures released in this week's PricewaterhouseCoopers/NVCA MoneyTree report. The firm--which disclosed the funding in November, but did not released financial terms of the round--is developing

Pasadena-based MyShape has raised $12M in a round of venture capital, the company's CEO, Louise Wannier, confirmed Monday after reports that the firm had closed a round of funding, but said the round was still in progress. The funding came from Lehman Brothers Venture Partners and also included prior lead Draper Fisher Jurvetson, along with local angel groups the Pasadena Angels and the Tech Coast Angels. MyShape runs an online apparel store which is targeted on matching women with clothing that best fits them. Wannier said the round remains open, as the firm is still in active