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 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 X, worth $196M. ...Tags:

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.

The filing indicates the fundraising includes both equity and debt, and appears to be the first investment in a new venture round. 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

According to the filing, Frank Foster of Draper Fisher Jurvetson has joined the board, which also included direct marketing advertising's Lester Wunderman, as well as Rick Smith of Crosscut Ventures. DFJ Frontier, Crosscut Ventures and Gideon Hixon Fund are all prior investors in ZADSPACE. Tags: zadspace advertising venture capital wunderman leste El Segundo-based ZADSPACE , a stealth mode firm developing advertising related products or technology, has raised an additional $500,000 in funding, according to a regulatory filing from the firm, bringing its total fundraising to $1.91M.

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

Glendale-based MyShape , which operates an online retailer focused on matching women to clothing based on their body type, confirmed this morning that it has raised a third round of venture funding. The firm said the round was led by DFJ Growth Fund, and also included Draper Fisher Jurvetson, Tenaya Capital, the Pasadena Angels, and the Tech Coast Angels. Tags: myshape Amount of the funding round was not disclosed, although a regulatory filing last week placed the round target at $12.1M. The filing indicates that $10.56M of the round had already been funded.

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:

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