LIT Method Finds Funding

socalTECH

Los Angeles-based LIT Method, which offers fitness equipment and programs, said today that it has raised a round of funding. The funding came from Marcy Venture Partners (MVP), the venture capitalist firm co-founded by Shawn "JAY-Z" Carter, Jay Brown, and Larry Marcus, as well an investment from former Los Angeles Dodger Adrian Gonzalez. method funding venture capital fitness equipment

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Hawke Ventures Raises $5.6M Investment Fund

socalTECH

Hawke Ventures, a new, venture capital fund that is part of marketing company Hawke Media, said Friday that it has raised $5.6M for its first, venture capital fund. The new fund is being managed by Erik Huberman, Tony Delmercado, and Managing Partner Drew Leahy, along with angel investor Paige Craig. hawke ventures investment fund funding marketing market paigecraig

Invest 109

Ascent Funding Targets Coding Bootcamps With Skills Fund Acquisition

socalTECH

San Diego-based Ascent Funding, a provider of student loans, says it is targeting the coding bootcamp market, with a new set of loans for those programs. As part of the move into the market, the company says it has acquired the Skills Fund, a firm which has provided over $200M in tuition funding for bootcamps for over 16,000 students. ascent funding coding bootcamp skills fund merger acquisition financial fintech loan student studentloan

SoLo Funds Snags $10M

socalTECH

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

Perch Gets Funding From Citi Impact Fund

socalTECH

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

SpaceX Inks $850M Funding

socalTECH

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.

SpaceX 109

eTailPet Finds $800K Seed Funding

socalTECH

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

Draper Goren Holm Raises $25M Blockchain Fund

socalTECH

Los Angeles-based Draper Goren Holm , a new venture capital fund founded by Tim Draper, Alon Goren, and Josef Holm, announced on Tuesday that it has raised $25M in its very first fund. According to the firm, its Fund 1 will make seed and Series A investments in the fintech and blockchain startup world. The fund was announced at the LA Blockchain Summit, which is virtual this year. bitcoin blockchain startup investment fund finance capital venture holm goren draper

Draper 140

Kayne Anderson Renewable Energy Fund Hits $50M

socalTECH

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.

Scopely Scores $340M Funding Round

socalTECH

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

Genalyte Finds $50M Funding

socalTECH

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.

EngineEars Scores $1M In First Funding

socalTECH

Los Angeles-based EngineEars, a new startup that helps connect audio engineers with clients, said on Wednesday that it has raised $1M in a pre-seed funding round. The funding was led by Slauson & Co., and also included Kendrick Lamar, Roddy Ricch, Russ, Mustard, DJ Khaled, YG, Ella Mai, Bas, Smino, Masego, Cardogotwings, Young Guru, Kenny Beats, Ibrahim Hamad of Dreamville, La Mar Taylor of XO, Meko Yohannes of 10Summers, and indie-record label EQT.

eTailPet Finds Seed Funding

socalTECH

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

Dorian Debuts With $3.25M Funding

socalTECH

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").

March Capital Raises $450M In New Fund

socalTECH

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

Glytch Finds Series A Funding

socalTECH

Los Angeles-based Glytch, a startup which says it is combining location-based entertainment with professional esports arenas, says it has raised a Series A funding round, led by Benevolent Capital. Glytch said that Benevolent Capital, led by Brett Johnson, has acquired the majority of its preferred Series A funding. The company said it previously received funding from Joe Montana's Liquid2.vc

The 22 Fund Finds Funding, Targets Impact Investments

socalTECH

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.

Invest 109

How Valence Aims to Provide Better Access and Funding for Black Founders & Executives

Both Sides of the Table

Yeah, Valence announced > $5 million in funding led by GGV and Upfront. It is a company with a mission to create better access and more funding for Black entrepreneurs and executives. “I gotta say it was a good day.” I’m so fricking pumped today. Really, truly.

Adcentryx Therapeutics Nabs $50M In Funding

socalTECH

San Diego- and Shanghai-based Adcentryx Therapeutics, a biotechnology company focused on antibody drug conjugate (ADC) therapeutic development, says it has raised $50M in its Series A funding round. The funding was led by CBC Group, and also included Zoo Capital the venture arm of Boyu Capital.

Wavemaker Three-Sixty Health Launches New Fund

socalTECH

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

socalTECH

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

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.

New Game Studio Theorycraft Announces $37.5 Million In Funding

L.A. Business Journal

million to fund development of its first title Fledgling video game studio Theorycraft Games Inc. announced March 4 that it had hauled in an impressive $37.5

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

SpaceX Seeking New Funding

socalTECH

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

SpaceX 109

Upfront Ventures Raised New $280 Million Fund

Both Sides of the Table

We’ve been dying to tell you all for a while that we had raised a new venture capital fund and of course given SEC filing requirements the story was somewhat already scooped by the always-in-the-know Dan Primack a few weeks ago. Wait, didn’t you just raise a fund? Our last fund we raised was in 2012 and we began investing it in April of 2012. Whereas we had four partners investing Fund IV we now have six partners actively looking at deals for Fund V.

Thin Line Capital Launches New Energy, Sustainability Fund

socalTECH

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.

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

socalTECH

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

What I’ve Learned About Venture Funding

Both Sides of the Table

VC funding. We love capital efficiency until we love land grabs until we abhor over funding until we get huge payouts and ring the bell for more funding until we attract every non-VC on the planet to invest in startups until it crashes and we start the cycle all over again none the wiser. How can it be that over-funding is bad, bad, bad and then the best possible outcome and what is the inflection point? Our perspectives on the topic wax and wane with market cycles.

Capsida Uncloaks With $140M In Funding

socalTECH

The startup is backed by $50M in a Series A funding from Versant Ventures and Westlake Village BioPartners, and an additional $90M multi-year strategic collaboration and option agreement with AbbVie.

Greycroft Partners Raises Two New Funds

socalTECH

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.

Vid Gets Strategic Funding

socalTECH

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.

ConsejoSano Gets Impact Funding

socalTECH

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.

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

socalTECH

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

Backstage Capital Turns To Crowdfunding To Raise $1M Fund

socalTECH

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

MemComputing Finds New Funding

socalTECH

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.

Relativity Space Confirms $500M Funding

socalTECH

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.

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.

Angel 82

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

socalTECH

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.

PeerStreet Launches Real Estate Investment Fund

socalTECH

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.

Invest 109

LegalMation Lands Funding Round

socalTECH

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

Should Startups Announce Their Funding?

Both Sides of the Table

Understanding “The Funding Angle” I sit at enough board meetings to hear conflicting advice given to entrepreneurs about how to handle PR and announcements at startups. Is Funding a Worthy Announcement? There are reasons you may delay funding announcement but rarely reasons not to announce. If you’re a very early stage startup that just raised your first angel money it is very possible that the funding announcement will be your first big tech news.