A quick analysis by socalTECH of our tracking of venture capital deals in Southern California finds that there was around $879M in venture funding activity here in Q3. The information--gleaned from funding announcements, regulatory filings, and other sources--are not far off from socalTECH's totals from last quarter, which totaled up around $932M in investment activity. The biggest San Diego led investment activity in Q3, with a large number of the biggest VC deals all located in the area. Intellikine in La Jolla and Zogenix in San Diego both raised $51M in deals;

A recent analysis by socalTECH, of our detailed tracking of venture capital investment activity in Southern California, finds that there was around $932M in funding raised in the area in Q2, a rise from roughly $700M in Q1. Other active investors were Prospect Venture Partners, DAG Ventures, Sevin Rosen Funds, In-Q-Tel, American River Ventures, Saints Capital, and Mission Ventures, all with two investments each. PricewaterhouseCoopers/National Surprisingly, the numbers--based on information gleaned from funding announcements, regulatory filings, and other sources--are approximately the same as numbers in Q2 of 2008, which total around $955M, according to our own data.

San Diego-based Nirvanix confirmed today that the firm has raised $5M in a new venture funding round. According to the firm, the new round came from original investors Intel Capital, Mission Ventures, Valhalla Partners, and Windward Ventures. The funding was first covered by socalTECH M last week . According to Nirvanix, the funding brings the company's total raised to over $23M. The firm said the funding would go towards expanding its enterprise service offerings.