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Mapped Snags Second Seed Funding

socalTECH

Los Angeles-based Mapped, a developer of artificial intelligence-powered software used for industrial Internet-of-Things (IoT), has raised $6.5M a second seed funding. The funding came from MetaProp and Allegion Ventures, plus Singtel Innov8, Greycroft, and ANIMO Ventures.

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Topia Takes $5M For Social Chat, Virtual Worlds

socalTECH

Los Angeles-based Topia, a startup which is developing video chat tools that work inside what it says are "fully customizable virtual worlds", has raised $5M in a seed funding round, the company said late Wednesday. The company said it will use the funding to build out its team and invest in its "creator economy."

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Vurbl Connects With $1.3M

socalTECH

Los Angeles-based audio streaming service Vurbl , which is focused on building a platform for audio streaming, says it has raised $1.3M in a "pre-seed" funding round, the company announced on Wednesday. According to the company, it will use the funding to develop and launch its platform. READ MORE>>.

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Jurny Reports Record Growth, Despite Pandemic

socalTECH

Los Angeles-based hospitality technology startup Jurny--which is backed by Okapi Venture Capital and Mucker Capital--says it has seen record growth, despite the pandemic and the way it has impacted the hospitality industry. The startup raised $2.75M in seed funding last June.

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Labrador Systems Finds $2M For Elder Care Robots

socalTECH

Los Angeles-based Labrador Systems , a new startup developing assistive robots for helping with home health and assistive living, has raised $2M in a pre-seed funding round. According to Labrador Systems, the new funding will go towards expansion of its platform and for pilot studies with partners in 2020.

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MEDU takes in $4M to develop reusable personal protective equipment

TechCrunch LA

The company was started in 2020 by CEO Tamara Chayo, a chemist and Thiel Fellow, who had family in the medical and textile industries and saw firsthand the need for PPE. In addition, the company has doubled in size and is working with hospitals in New York and Los Angeles. and continues development of its full-body suit.

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What Does the Post Crash VC Market Look Like?

Both Sides of the Table

We’ll just wait until companies that last raised in 2019 or 2020 come to market.” Across more than 10 years we have kept the size of our Seed investments between $2–3.5 million, our Seed Funds mostly between $200–300 million and have delivered median ownerships of ~20% from the first check we write into a startup.