Miramar Venture Capital

A new Orange County venture-capital fund, launched six months ago during the technology slump, is expected to announce today that it has raised $62 million to invest in fledgling Southern California technology companies. Although Miramar Venture Capital's effort to secure funding has taken months longer than anticipated and fallen short of its initial $100-million goal, the founding partners still declared the effort a success.

A new Orange County venture-capital fund, launched six months ago during the technology slump, will announce today that it has raised $62 million to invest in fledgling Southern California technology companies. Although Miramar Venture Capital's effort to secure funding has taken months longer than anticipated and fallen short of its initial $100-million goal, the founding partners declared the effort a success. "We have to be realistic about the environment we're in," said Bruce R.

After plunging for more than a year, venture capital investment stabilized during the fourth quarter in Southern California and the nation, with fledgling biotechnology and software firms attracting more funding, according to a survey to be released today. Across the country, venture capital firms pumped $7.1 billion into 856 entrepreneurial ventures, up from $7 billion in the third quarter, when 810 ventures received funds, the Venture Economics data service reported.