VENTURE CAPITAL POST

Russian millionaire and entrepreneur Yuri Milner recently led a Series B funding round for genetics upstart GenapSys for the commercialization of the company's genome-sequencing platform.

New York-based wealth advisory firm Snowden Capital Advisors LLC entered into an agreement with private equity fund Estancia Capital Partners LP for a strategic growth capital investment.

California-based seaweed chip company New Frontier Foods Inc. bagged USD1.7 million in its first seed funding round from executives at top corporations and other investors.

California-based bills payment and invoicing startup Bill.com picked up USD38 million in a new financing round led by Scale Venture partners and other former investors.

California-based cloud connect platform Arrayent recently raised USD11.9 million from Doll Capital Management, Intel Capital, and Opus Capital, to be used for its planned expansion and growth.

Basel-based Novartis AG sold its California blood unit to Spain's Grifol's SA for USD1.68 billion.

SFW Capital Partners made a strategic investment in California-based Industrial Dynamics Company (DBA Filtec) for growth and product expansion.

Chinese carmaker BYD Co Lt said it would hire more local workers for its California plant after being accused of breaking US labor rules.

Richmond resident trustees have filed an appeal on a decision made by US District Judge Charles Breyer dismissing the eminent domain case.

California would soon have one of the highest minimum wages in the US at USD 10 an hour.

California governor Jerry Brown declares state of emergency with the spread of wildfire into the Yosemite National Park.

California's legislation to "bottle the sunlight" attracted venture capitalists and other major companies in an energy race to 2020.

The US Court of Appeals grilled Samsung over a patent case ruling that favored the South Korean company.

Tesla Motor Inc. rallied 14% after posting its second quarter earnings report which helped the fortune of Elon Musk to rocket by US$570 million yesterday.

Apple generated US$4 billion from iTunes software and services during the second quarter.