SpaceX Inks $850M Funding

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Hawthorne-based SpaceX confirmed a $850M fundraising in a regulatory filing on Tuesday, in an equity funding round which included 69 investors. spacex starlink venture capital funding aerospace aviation space spaceflightThe fundraising had been rumored to have been in process for the last month or so. The filing said the effort started on February 16th. The round reportedly values the company at $74 billion.

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SoLo Funds Snags $10M

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Los Angeles-based SoLo Funds, a startup which operates an online crowd-lending marketplace, letting users lend and borrow funds from each other, has raised $10M in a Series A round. The funding was led by ACME Capital, and also included Impact America Fund, Techstars, Endeavor Catalyst, CEAS Investments and others. The company says it has now raised a total of $12M in funding. solo funds venture capital lending borrowing financial fintech finance

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Perch Gets Funding From Citi Impact Fund

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Los Angeles-based Perch, a startup which operates a service that lets users build their credit by paying for Netflix, Spotify, Hulu, and other services on credit, has scored an investment from financial giant Citi, via Citi's new Citi Impact Fund. Citi also announced funding in six other companies, including Clerkie, KETOS, MedHaul, Shift, Superpedestrian, and Vyv. perch citi impact fund financial venture capital fintech finance credit unbanked

Dexcom Launches Venture Capital Fund

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San Diego-based Dexcom, which develops equipment for continuous glucose monitoring for people with diabetes, has launched its own venture capital fund, Dexcom Ventures. According to Dexcom, the new fund will seek to identify and invest in opportunities to supplement growth in its core business and advance the development of adjacent technologies for the future. dexcom venture capital fund glucose monitoring lifescience diabetes finance

The 22 Fund Finds Funding, Targets Impact Investments

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Los Angeles-based The 22 Fund, a new startup investment fund which says it focuses on the "impact investing" sector--investing with a racial, gender, climate and social justice lens--says it has received an investment from The Clio Fund and ImpactAssets. According to the new investment fund, it is investing in companies led by women, Black, Indigenous and People Of Color (BIPOC). Gray is the Founder and Managing Partner of The 22 Fund.

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Kayne Anderson Renewable Energy Fund Hits $50M

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said last week that its new Kayne Anderson Renewable Infrastructure Fund has reached $50M in assets. The fund focuses on investing in companies that develop, build, own and operate the renewable power infrastructure necessary to transition global power generation to a cleaner future, including wind farms, solar parks, energy storage, and the infrastructure to bring that energy to market. billion across its funds investing in renewable energy and energy transition.

Genalyte Finds $50M Funding

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San Diego-based Genalyte, a developer of laboratory diagnostics and analytics products, announced on Monday that it has raised $50M in a funding round. The funding was led by Verily, an Alphabet company, and also included Provenio Capital, Redmile, Khosla Ventures, HBM Partners, Samsara and others. According to the company, it will use the funding to expand its testing menu and deploy its platform.

Scopely Scores $340M Funding Round

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Los Angeles-based mobile games developer Scopely announced this morning that it has raised a huge, $340M Series E funding round. Scopely said the new funding will go towards supporting its M&A strategy as well as expansion into new product categories. games mobile investment content videogame unicorn funding capital venture scopely

Bird investor Upfront Ventures eyes $250M growth fund

TechCrunch LA

Securities and Exchange Commission to raise its third growth-stage investment fund. One of the oldest VCs rooted in LA, Upfront previously closed on $400 million for its sixth flagship early-stage fund in 2017. Funding Startups TC Venture Capital gwyneth paltrow Los Angeles Mark Suster Travis VanderZanden U.S. Upfront Ventures , a Los Angeles-based venture capital firm, has filed paperwork with the U.S.

March Capital Raises $450M In New Fund

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Santa Monica-based March Capital (formerly March Capital Partners) announced on Thursday that it has raised its third fund, March Capital Fund III, which it closed at $450M in commitments. According to the firm, the new fund is focused on enterprise software companies, and included both existing and new investors. investor investment financial fund capital venture partners march

eTailPet Finds $800K Seed Funding

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Los Angeles-based eTailPet , a new startup which helps pet store owners create online e-commerce sites, has received a round of seed funding, the company said this week. The seed funding was worth $800K, and led by Moonshots Capital, and also included individual angels from the pet industry. According to eTailPet, the funding will go to accelerate its business. moonshot ecommerce petstore funding seed capital venture etailpet

NXCR, Led By Scott Painter, Scores $30M In Seed Funding

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Los Angeles-based NXCR, a new, subscription car startup led by automotive startup veteran Scott Painter, has raised $30M in a seed funding, based on an internal employee email obtained by socaltech. According to the email from Painter, the funding is the company's first external equity financing. The funding came from such investors as Reid Hoffman and Mark Pincus, per the leaked email. nxcr scott painter venture capital seed funding reid hoffman mark pincus truecar fair

SpaceX Seeking New Funding

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Hawthorne, California-based SpaceX is seeking yet another massive round of investment, according to a report, which would value the company at between $60 billion to $92 billion. The size of the round was unknown. The report--from Business Insider--cited "three people who are familiar with the deal." SpaceX has raised more than $5.4 billion in total since being founded. spacex venture capital private equity space spaceflight aerospace aviation

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Electric charging gets more juice as Soros Fund Management makes a bet on Amply Power

TechCrunch LA

Soros Fund Management, the financial investment vehicle led by famed investor George Soros, is placing a small, $13.2 Despite slowdowns, Shao said that his business is relatively recession proof, because of its availability to government funds and the status of public transportation as a vital part of a city’s infrastructure.

Dorian Debuts With $3.25M Funding

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Los Angeles-based Dorian , a startup developing a way for writers and storytellers to create their own games, without coding, has raised $3.25M in a seed funding round, the company disclosed on Monday. The funding was led by March Capital Partners, and also included VGames, Konvoy Ventures, London Venture Partners, Andover Ventures, Night Media, as well as angel Michael Chow (of the Twitch series "Artificial").

eTailPet Finds Seed Funding

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Los Angeles-based eTailPet , a new startup which helps pet store owners create online e-commerce sites, has received a round of seed funding, the company said this week. Size of the funding was not announced. The funding was led by Moonshots Capital. etailpet venture capital seed funding petstore ecommerce moonshot

With its third fund, Revolution Ventures stays true to its mission

TechCrunch LA

AOL co-founder and former chief executive officer Steve Case’s venture capital fund, Revolution , deploys capital to companies “outside of the hotbeds.” Revolution, the parent company of Revolution Ventures , the Rise of the Rest Seed Fund and Revolution Growth , has evangelized its approach to backing companies in emerging markets, helping promote entrepreneurialism in geographies often overlooked by Silicon Valley’s Patagonia vest-wearing venture capitalists.

Backstage Capital Turns To Crowdfunding To Raise $1M Fund

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Los Angeles-based Backstage Capital, the startup investment fund led by Arlan Hamilton, has raised more than $1M for its new venture capital fund via crowdfunding, according to its crowdfunding page. The use of crowdfunding is quite unusual for a venture capital fund, which typically turn to institutions and family offices for its Limited Partners. backstage capital crowdfunding venture investment investor fund

Funding in the Time of Coronavirus

Both Sides of the Table

I had originally signed up to talk about the “VC Market Trends” overall but it seemed inauthentic to speak about VC funding without addressing the virus in the room. So I wrote a brand new deck outlining some Upfront views on what we may see in the funding markets ahead. link] Funding in the Time of Coronavirus was originally published in Both Sides of the Table on Medium, where people are continuing the conversation by highlighting and responding to this story

First Resonance Finds Funding For Manufacturing OS

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Los Angeles-based First Resonance, a startup developing what it calls a "factory operating system" designed for hardware companies for use in their manufacturing operations, says it has raised a new round of funding. The size of the funding was not announced, however, the company said the roudn brings the company's total raised to more than $5M. First Resonance said the funding was led by Blue Bear Capital.

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ServiceNow Eyes San Diego Investments As Part Of $100M Fund

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ServiceNow, the digital workflow and service management software developer which has operations in San Diego, said today that it has launched a new $100M investment fund, part of which will look at investments in San Diego. The company said the new ServiceNow Racial Equity Fund is worth $100M, and is designed to drive more sustainable wealth creation by funding homeownership, entrepreneurship, and neighborhood revitalization within Black communities in 10 regions across the United States.

Wavemaker Three-Sixty Health Launches New Fund

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Pasadena-based Wavemaker Three-Sixty Health , a healthcare innovation fund led by Jay Goss and Dr. John Nackel, says it has launched a new venture capital fund, Wavemaker Three-Sixty Health Fund II. Size of the new fund was not announced. According to Wavemaker 360, the fund focuses on healthcare start-ups seeking seed-stage investment, and importantly avoids biotech.

Mica Energies Gets Seed Funding

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Irvine-based Mica Energies announced Wednesday afternoon that it has received a seed funding, and says it is working on a "proof of concept" for ite technology, focused on harvesting radio frequencies from the environment. Source and amount of that seed funding was not announced. The company claimed that the seed funding values the company at $39M. mica energies seed funding venture capital radio frequency

8 Angel Funding Realities In Search Of A New Venture

Startup Professionals Musings

contributes more than $25 billion to fund 70,000 startups every year. As an active angel investor, I can tell you what doesn’t work is broadcasting your idea description to flocks of angels, hoping that one will swoop down to anoint you with funding.

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TenOneTen Ventures Kicks Off Fundraising Effort For Fund III

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Los Angeles-based TenOnTen Ventures, the venture capital investment fund run by David Waxman, Gil Elbaz, and Minnie Ingersoll, has kicked off efforts to raise a third fund, TenOneTen Ventures III, with a goal of raising $60M in the fund, per recent regulatory filings by the firm. Details on the new fund have not yet been announced, as venture investors generally are not able to discuss their fundraising efforts while they are underway.

LA's Newest Venture Fund, Mantis, Raises $35M

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A new, Los Angeles-based venture capital fund-- Mantis --announced on Tuesday that it has raised $35M in commitments for its debut fund, Mantis Capital Fund I, LP. The new fund--created by Alex Pall and Drew Taggart of the musical group The Chainsmokers , says its limited partners include Mark Cuban, Keith Rabois, Jim Coulter, and Ron Conway. mantis venture capital fund music musician alex pall drew taggard chainsmokers thechainsmokers

10 Alternative Funding Sources For Your New Venture

Startup Professionals Musings

For example, professional investors put great priority on your previous experience in building a business, and they expect to own a portion of the business equity and control for the funds they do provide. This is the primary source of non-personal funds for very early-stage startups.

Greycroft Partners Raises Two New Funds

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Los Angeles- and New York-based Greycroft Ventures , which has invested in such local companies as Scopely, Thrive Market, and Maker Studios, has raised two new venture capital funds, for a total of $678M total. The firm disclosed that it closed its early stage fund, Greycroft Partners VI , at $310M, and raised $368M in its growth stage fund, Greycroft Growth III , at $368M. in July of this year; and its first close on its growth fund, Greycroft Growth III, in March.

Thin Line Capital Launches New Energy, Sustainability Fund

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Pasadena-based Thin Line Capital announced this morning that it has launched a brand new, energey and sustainability fund, which will invest in cleantech investing. The new firm, led by serial entrepnd investor Aaron Fyke, said its seed stage fund has had its first close of over $5 million. Thin Line Capital is linked with venture capital firm Wavemaker, which is partnering with Thin Line Capital to establish the new fund.

ConsejoSano Gets Impact Funding

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North Hollywood-based ConsejoSano , a developer of patient experience and engagement software, aimed at payers, providers, and health care systems, has scored a round of "impact" funding, the company said this week. Tyson Impact Fund, which is administered by the American Heart Association. Tyson Impact Fund invests in organizations that operate in under-resourced communities, providing capital to help organizations improve health equity.

Relativity Space Confirms $500M Funding

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Los Angeles-based 3D printed rocket developer Relativity Space has closed $500M in Series D funding, the company disclosed Monday morning, saying it will use the new funding to accelerate commercialization, production scaling, and its long term development. BOND, Tribe Capital, K5 Global, 3L, Playground Global, Mark Cuban, Spencer Rascoff, and Allen & Company LLC also participated in the funding.

Metropolis Finds Huge, $41M Funding Round

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Los Angeles-based Metropolis, a new startup focused on parking, has raised a huge, $41M Series A funding, the company announced on Tuesday. The startup--led by parking startup veteran Alex Israel--said the funding was led by 3L, and also included 01 Advisors, Dragoneer and Slow Ventures, plus real estate investors Starwood, RXR, DivcoWest and Dan Doctoroff. The company says it has now raised $60M in total funding.

BeSmartee Gets Funding For Mortgage Software

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The funding came from M33 Growth. Huntington Beach-based BeSmartee, a developer of digital mortgage software, said Tuesday that it has received a strategic growth investment. Size of the new investment was not announced. BeSmartee develops digital mortgage software, which is used by banks, credit unions, and other lenders to manage the mortgage lending process. BeSmartee is led by CEO Tim Nguyen, and was co-founded by Veronica Nguyen. The company was founded in 2006.

Blacksmith Medicines Gets Seed Funding

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San Diego-based Blacksmith Medicines, a new biotechnology company focused on creating medicines for immuno-oncology and inflammatory diseases by targeting human metalloenzymes, has raised a round of seed funding, and announced a research deal with Lilly. Financial details of that seed funding were not announced. The new funding comes on top of existing investments in Blacksmith by Evotec A.G.,

Vid Gets Strategic Funding

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capital venture social platform video funding strategicLos Angeles-based Vid , a startup developing a social video platform, announced late Monday that it has received a strategic investment from Ontology, a developer of blockchain technology. Financial terms of the investment were not announced. Vid--which has yet to launch its product--says it is developing a video journaling application, where data is secured through "zero-knowledge" encryption and which is powered by Blockchain.

PeerStreet Launches Real Estate Investment Fund

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Los Angeles-based real estate loan marketplace PeerStreet announced on Wednesday morning that it is launching a new fund, called the Peer Street Credit Opportunity Fund LP , which will provide another way for its customers to diversify, expand, and customize their real estate debt portfolios. PeerStreet said the new fund will allow people to take advantage of opportunities in distressed debt, warehouse financing and subordinate investments.

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MemComputing Finds New Funding

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San Diego-based MemComputing , a developer of high performance computing technology, has raised a round of funding, the company said on Tuesday, from two investors. According to MemComputing, the funding came from Revolution's Rise of the Rest Seed Fund, along with IT-Farm. MemComputing says it has now raised over $3M in total funding.

8 Keys To A Major Source Of Funding For New Ventures

Startup Professionals Musings

Many first-time entrepreneurs find themselves unable to bootstrap their startups, and also unable to find early funding at the venture capital level or even with angel investors. early-stage funding entrepreneurs friends family fools

LegalMation Lands Funding Round

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Los Angeles-based LegalMation , a startup which develops artificial intelligence and machine learning-based software for litigation and law practices, has raised a round of funding, according to the company. Size of the funding was not announced. litigation legal software learning machine intelligence artificial funding capital venture legalmation

Kayne Anderson Launches Renewable Infrastructure Fund

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Los Angeles-based private equity investor Kayne Anderson Capital Advisors, LP says it has launched a new, renewable energy fund, the Kayne Anderson Renewable infrastructure Fund (KARIX). Kayne Anderson said it launched the fund as the global push to reduce carbon emissions is expected to have a profound impact on the energy and infrastructure sectors in the coming decades. kayne anderson renewable investment fund finance mutual

Westlake Village BioPartners Raises $500M In Two Funds

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Los Angeles-based life sciences investor Westlake Village BioPartners announced today that it has raised two new venture capital funds, worth a total of $500M, for its investments in biotech companies. According to the company, its two funds include Opportunity I, worth $70M, which will invest in additional Series B or later-round capital into promising companies they incubated or invested in with their original fund, Westlake BioPartners 1 (WBP1).

Virgin Orbit Seeks Funds Ahead of Launch

L.A. Business Journal

Long Beach-based satellite launch company Virgin Orbit, looking to rebound from a failed test flight in May, is seeking to raise funds ahead of a second launch

Swoop Snags $3.2M In Seed Funding

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in a seed funding round. The funding was led by Signia Venture Partners, South Park Commons, and angels. software saas limo transportation limousine capital venture funding seed swoopLos Angeles-based Swoop , a new startup which develops software for limousine, party bus, and other transportation providers, has raised $3.2M