Clupedia gets $1.3 million
Santa Ana, CA, based startup Clupedia announced that it has raised $1.3 million in funding from Tech Coast Angels, a group of 270 investors in Orange County. Clupedia's founder David Saad claims that he has put down $2.3 million of his own money into startup. David Saad is a serial entrepreneur who had previously founded Braintec that was sold to Technisource. To add weight to the startup's story, Johannes Larcher sits on Clupedia's board. James had served as VP of Friendster and prior to that he was the chief of staff at Overture, which Yahoo bought in 2003 for nearly $2 billion.