How Plenty is Using Vertical Farms to Bring Produce to Compton’s Food Desert

Samson Amore

Samson Amore is a reporter for dot.LA. He holds a degree in journalism from Emerson College. Send tips or pitches to samsonamore@dot.la and find him on Twitter @Samsonamore.

How Plenty is Using Vertical Farms to Bring Produce to Compton’s Food Desert
Plenty Farms via Samson Amore

In the middle of downtown Compton, California, fresh produce is scarce. According to the Compton Chamber of Commerce, the city is both a food desert and also a food swamp.

Drive through Alameda St. or Rosecrans Ave., and you’ll notice that grocery chains are sparse but fast food joints are numerous: Jack in the Box, McDonald’s, Popeye’s, IHOP. With the exception of a Walmart Supercenter off Long Beach Blvd., I couldn’t identify anywhere else to get fresh produce, unless it was a small, local corner store.


Agricultural tech startup Plenty, co-founded in 2014 in San Francisco by chief science officer Nate Storey, aims to help the city of Compton access healthier food by installing complex indoor vertical farms in warehouses and industrial areas that otherwise don’t have farming land.

Plenty’s intricate vertical farming operation in Compton opened May 18. It’s the company’s second farm after a test facility in San Francisco and the largest yet—the farm produces roughly 20 times the output of the Bay Area facility, according to Plenty spokesperson Erin Santy. Once it’s running at full capacity, Plenty’s indoor Compton farm is expected to produce 4.5 million pounds of food per year on about 1% of the land a regular terrestrial farm would need.

Plenty Farms

Plenty’s connections with local grocers

The Plenty farm I toured in Compton was nearly 100,000 square feet and home to roughly 80 full-time employees — 30% of whom are local hires. And, unlike seasonal agriculture work, these locals can work at Plenty’s indoor farm year-round.

Right now the Compton farm only grows leafy greens (baby kale, baby arugula, crispy lettuce, spinach) with plans to expand to crops people want to eat year-round regardless of growing seasons. “Greens are pretty simple from a lifecycle standpoint,” Storey explained. “They’re relatively inexpensive to grow, there’s not a whole lot of risk because they grow really fast.”

Storey said that Plenty is working with local grocers in Compton plus big-name brands like Bristol Farms and Amazon’s Whole Foods to distribute its produce to their neighboring stores. It also recently inked a deal to sell its vertically farmed greens directly to Walmart.

Right now, Plenty’s produce retails at health food stores for about the same price as other organics but Storey said he hopes to see that price drop so more people can afford it. “Over the next couple of years, it's going to become cheaper to build our farms, and it will be [cheaper] to buy the land that can produce the same amount of food… and cheaper if you compare on quality,” Storey said.

How the robot-powered farm works

Walking into Plenty’s Compton farm, I passed by a chute pushing composted produce out into a bin in the parking lot. From the outside I caught a whiff of an overpowering smell of fresh spinach and lettuce, which somehow still smelled fresh despite sitting in the beating sun. The entire air around Plenty’s farm seemed to me to carry the scent of arugula.

Before touring the hydroponic farm, which is a large series of maze-like rooms filled with heavy machinery, I readied myself in what felt like a hazmat suit getup: Hair and beard nets, hard hat, goggles, coveralls, shoe coverings and plastic bags over them. Santy directed me to thoroughly sanitize my hands before we entered the facility – removing any lingering germs helps negate the need for pesticides.

Unlike other farming outfits which usually stack horizontal shelves of seedlings, Plenty uses metal pylons about two stories high to grow its greens vertically. Plant roots run down the long hollow center of the towers and the nutrient-rich water they produce runs off into a trough below to be recycled. Storey told me that Plenty uses about 90% less water than field-based growers—a clear advantage for Plenty, since it operates in a drought-stricken state and the Colorado River, California’s main source of water for agricultural operations as well as in other western states, is drying up.

When Plenty’s greens are ready to harvest, a huge bright yellow robotic arm brings the towers down from their hanging places on the ceiling, and harvests the greens to be packed.

Plenty’s indoor LED lights are staggeringly bright, and designed to mimic the sun’s peak output, around the clock. “The big problem in these farms is energy,” Storey said. “Plants will use a lot more energy than we give them, so if we give them more energy per plant, we’ll get twice the growth rate.”

But the lights aren’t even the most high-tech part of the facility. Most of the processes at Plenty’s plant, from planting seeds to watering them, cleaning, harvesting and packing them, are all done by robots with trained human operators wearing earplugs standing by to oversee the processes every step of the way..

Most of the robots Plenty uses were bought off the shelf rather than customized, Storey said. All of Plenty’s robots are made by Fanuc, a Michigan-based supplier. During my tour, Santy pointed out that Plenty’s engineers had developed special tweezer-like pincers as “fingers” for some robots tasked with sorting through produce. The size of these bots varies immensely from smaller mechanisms used to feed seeds into small trays and pack them down, to large armlike robots that move the large vertical farming towers with greens around the facility and harvest them.

“The ideal for us is to be able to buy things off the shelf, because it's cheaper and it's easier if someone else is responsible for the design and manufacturing,” Storey told me. “The vertical plane architecture is fundamental to who we are as a business because we can put way more energy and light into the system.”

Storey likened Plenty’s footprint to a soccer field: The goal box of the field would be how much land Plenty uses to produce the same amount of food as the rest of a typical farm’s land.

Samson Amore

The challenges of vertical farming

Even though Plenty recycles much of its water, the electric bill isn’t cheap. Storey said he thinks the overall agricultural industry has to invest more in tech to bring prices of equipment down.

“A major challenge for the industry is, they just expected to ride all of the gains from other industries, like LEDs. They haven't done enough internal investment, to kind of work out the ideal economics,” Storey said. This cost curve is steep especially as global energy prices continue to rise. “The amount of money that it takes to stand up farms is high enough that it's going to select for a few large businesses, rather than lots of teeny tiny competitors all over the place,” said Storey.“It's an awfully tough business.”

Plenty has raised roughly $1 billion to date, Storey said. Funding came from investors including SoftBank, Walmart, and One Madison Group. Most recently, Plenty raised a $400 million Series E round last January.

Storey said he aims to transition Plenty’s operations to renewable energy once it’s cost-effective. “Energy is becoming more sustainable at a pace that no one expected,” he noted. “We're betting on a future that's much more renewable than it is today when it comes to electrical power… We’re super concerned about power, it’s a major part of our costs.”

There’s indications that the vertical farming market is on the rise. Grand View Research reported last year that the global vertical farming industry is expected to grow more than 25% to $33 billion by 2030. And farms like Plenty’s are leading the charge, a separate study estimated North American operations make up 35% of vertical farming done today.

How the produce tastes

Being grown in a clean environment means no pesticides, so the greens could be eaten without washing and were both tastier and crisper than anything I’ve ever found at a grocery store. Those I took home lasted about a week.

I’m no professional food reviewer, and I’m also not typically one to eat greens on their own. But the sheer density of taste (and smell!) packed into a small leaf of arugula from Plenty’s farm was remarkable. I found myself eating handfuls of it raw. And as someone who’s usually a fan of dressing, I must add that Plenty’s produce really didn’t need it – a splash of lemon juice and a bit of fresh black pepper, if I was feeling spicy, was sufficient.

According to Storey, arid areas like southwestern deserts can especially benefit from farming indoors. “The world is entering a phase where the fields will become less dependable,” he said. “People will have less reliable access to fresh produce, in particular [as] fresh water is more scarce.”

Which is why Plenty is ambitiously expanding. It recently made a deal with real estate firm Realty Income for up to $1 billion in financing to build more facilities. The first investment from the investment will be $40 million dedicated to securing land and building the infrastructure for Plenty’s planned third operation, a strawberry farm that’s a joint venture with Driscoll’s and will open in Virginia in 2024.

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Revel’s Afterburner Round: $150M for Hard Tech Infrastructure

🔦 Spotlight

Hello Los Angeles,

This week’s biggest hard tech funding headline belongs to Revel, which just raised a $150M Series B to modernize the software layer behind hardware test and control. The round was led by Index Ventures, with major participation from Redpoint Ventures and returning investors Thrive Capital, Felicis, and Abstract Ventures, plus angel participation including Figma CEO Dylan Field.

Image Source: Revel

Revel’s pitch is simple: rockets, advanced energy, robotics, and defense systems have evolved fast, but the tooling that tests and commands them is still stuck in the past. The company says its platform can cut test stand setup time from 14 days to about 8 hours, and that teams go from testing every other day to multiple tests per day. One customer, Impulse Space, reportedly runs 80+ instances of RevelTest, and Revel claims every pilot it has run has converted into a paying customer.

What makes this more than “just another big round” is where Revel is aiming next: expanding from test stands into industrial control across critical infrastructure, including nuclear facilities, power stations, refineries, water treatment, data centers, and biomedical manufacturing. Their platform includes live telemetry and safe command execution, and even a purpose built language, RevelCode, designed for deterministic, debuggable control in high consequence environments. In other words, if LA is becoming a capital of hard tech, Revel is trying to become the control room software those companies standardize on.Keep scrolling for the latest LA venture rounds, fund news and acquisitions.

🤝 Venture Deals

      LA Companies

      • Third Way Health raised an oversubscribed $15M Series A led by Health Velocity Capital to scale its AI-enabled hybrid human and automation front-office operations for medical practices. The company says it will use the funding to accelerate customer growth, expand operations, and deepen its AI and automation roadmap, building on its claim of supporting practices serving 5M+ patients annually. - learn more
      • Inhouse raised $5M in seed funding to grow its AI legal platform that helps small and midsize businesses generate contracts, get answers to complex legal questions, and bring in attorneys when needed. The round included backing from Run Ventures, Royal Street Ventures, Switch, and LegalZoom cofounder and former CEO Brian Liu, and the company says it will use the new capital to expand its AI agent capabilities and increase automation across contract lifecycle management, compliance, and proactive risk management. - learn more
      • Subject raised a $28M growth investment led by Vistara Growth, with participation from new backers NextEquity Partners, Green Street Impact Partners, and Outcomes Collective, plus existing investors including Kleiner Perkins and others. The company says it will use the funding to accelerate development of its AI-powered K–12 curriculum and online learning platform, expand accredited course offerings, and scale adoption with more districts and educators worldwide. - learn more
      • Mogul raised $5M in a round led by the Yamaha Music Innovations Fund, with participation from Urban Innovation Fund, Mindset Ventures, Fairway Capital Partners, and renewed support from Amplify LA and Wonder Ventures. The royalty management platform says it will use the funding to expand services for artists and their teams, building on traction like processing over $1.5B in royalties and launching its new Catalog Valuation Center to help creators understand the value of their catalogs. - learn more
      • Handl Health raised a $14.2M Series A led by Arthur Ventures, with follow-on investment from Syndra Capital Partners, an additional strategic investor, and increased participation from existing backers Mucker Capital, Riverfront Ventures, Digital Health Venture Partners, and Boutique Venture Partners. The company says it will use the new capital to expand its platform and deliver deeper analytics that help employers and benefits decision-makers design lower-cost health plans with more predictable pricing and better care outcomes. - learn more
      • Skorppio launched a self-serve, on-premise high-performance computer rental platform that lets AI teams, VFX studios, researchers, and schools rent enterprise-grade systems without buying hardware or locking into the cloud. The company says its fleet includes everything from performance laptops to DGX-class AI systems and GPU servers, supported through a PNY Pro partnership that makes NVIDIA Blackwell GPUs available, plus curated “KIT” bundles designed for specific workflows. - learn more

                    LA Venture Funds

                    • B Capital participated in Gushwork’s $9M seed round, backing the startup’s bet that “AI search” will become a major new channel for B2B lead generation. The round was co-led by Susquehanna International Group and Lightspeed, and Gushwork says it’s helping businesses show up in answers from tools like ChatGPT, Gemini, and Perplexity using automated marketing agents that generate search optimized content and backlinks. - learn more
                    • UP.Partners participated in BeyondMath’s $18.5M seed round, backing the company as it scales its “generative physics” approach to faster engineering-grade simulation. The raise included a $10M seed extension led by Cambridge Innovation Capital, with additional participation from Insight Partners and InMotion Ventures. - learn more
                    • MANTIS Venture Capital participated in SolveAI’s $50M funding round, backing the company as it launches a platform that lets employees build enterprise applications using natural language instead of code. The raise included a $45M Series A led by GV plus a previously undisclosed $5M pre-seed led by Accel, with additional participation from Northzone, NeverLift, and angels including Mike LoSapio, Pushmeet Kohli, and Olivier Godement. - learn more
                    • Fabric VC participated in Kash’s $2M pre-seed round, backing the startup as it embeds prediction markets directly into social media starting with X. Kash says users can turn posts into live, tradable markets through its @kash_bot, letting people express conviction on real-world outcomes inside the feed rather than in separate apps. The round also included investors such as Big Brain Holdings, Spartan Group, Coinbase Ventures, Kosmos Ventures, Halo Capital, MoonRock Capital, and Polaris Fund. - learn more
                    • M13 led LuminosAI’s latest funding round as the company launched Lighthouse, a new feature it says can automatically test generative and agentic AI systems for concrete legal liability. LuminosAI says the new capital will help it accelerate growth and expand its team to support a growing customer base, with participation from investors including Bloomberg Beta, Hawktail, AME Cloud Ventures, Crosscourt, Octave, Great Oaks, Fundrise, and others. - learn more

                                  LA Exits

                                  • Niagen Bioscience has sold its ChromaDex Reference Standards business to LGC in an all-cash transaction that closed on Feb. 24, 2026, as the company sharpens its focus on its core longevity strategy. Niagen says the divestiture helps it fully exit non-core operations and concentrate resources on NAD+ science, intellectual property, and commercial growth around its Niagen solutions, while LGC adds the standards portfolio to deepen its reference materials offering for pharma and lab customers. - learn more
                                  • Mutiny has been acquired by LA-based investment firm Shamrock Capital, which says the deal will help Mutiny accelerate growth and strengthen its position as a leading gaming-focused creative agency. Founded in 2021 and previously incubated within Trailer Park Group, Mutiny works with publishers and brands on research-driven, player-first creative, social, and community campaigns. Shamrock says Mutiny will continue scaling as a standalone business, with support that could include strategic acquisitions. - learn more
                                  • Vestigo Aerospace has been acquired by Applied Aerospace & Defense, bringing Vestigo’s Spinnaker deorbit drag-sail product line into Applied’s portfolio. Applied says Spinnaker helps satellite and launch-vehicle operators meet tightening orbital debris rules by providing a lightweight, cost-effective way to deorbit objects in low Earth orbit, and Vestigo founder and CEO Dr. David Spencer will join Applied as VP of Deployable Systems. - learn more

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                                                          Snap’s New Growth Engine Isn’t Ads

                                                          🔦 Spotlight

                                                          Hey LA,

                                                          This week’s most interesting story isn’t a flashy new feature, it’s a quieter flex: Snapchat is getting people to pay for Snapchat, on purpose.

                                                          Snap just proved “free app” isn’t the only business model

                                                          Snap says its direct revenue business is now running at a $1B annualized pace, with 25M+ subscribers paying across a growing menu of products like Snapchat+, Lens+, Snapchat Premium, and Memories Storage Plans. That matters because it’s not just a nice add-on to ads, it’s a different kind of relationship with users. Ads monetize attention. Subscriptions monetize intent.

                                                          And intent is sticky. If someone pulls out a card for you, they don’t churn the way an algorithm does.

                                                          Creator Subscriptions are the real tell

                                                          Snap is also launching Creator Subscriptions, starting with an alpha on February 23 for select U.S. creators, then expanding to Snap Stars in Canada, the U.K., and France in the following weeks. The offer is straightforward: subscriber-only Stories and Snaps, priority replies, and an ad-free experience inside that creator’s Stories.

                                                          The strategic move is even simpler. Snap wants “paying for closeness” to happen inside Stories and Chat, not on some external membership page. If they get that right, creators stop treating Snapchat as just a top-of-funnel channel and start treating it like a place to actually monetize their audience. Snap, meanwhile, gets a revenue stream that doesn’t care what CPMs are doing this quarter.

                                                          Meanwhile, IRL: lululemon’s Studio Yet.

                                                          Lululemon’s Studio Yet. pop-up is running Feb. 18 through March 8 at 8175 Melrose Ave. It’s a ticketed, limited-capacity lineup of workouts and community programming, with proceeds (less fees) supporting BlacklistLA.

                                                          Keep scrolling for the latest LA venture rounds, fund news and acquisitions.

                                                          🤝 Venture Deals

                                                              LA Companies

                                                              • Radiant announced a strategic investment from Lockheed Martin via Lockheed Martin Ventures, further oversubscribing the company’s current financing round. Radiant is developing its 1 MW Kaleidos portable nuclear microreactor and says it’s targeting a first reactor startup this summer at Idaho National Laboratory, with initial customer deployments planned for 2028. - learn more
                                                              • Mesh Optical Technologies announced it has raised over $50M, led by Thrive Capital, to scale production of its Alpha C1 optical transceiver, which converts electrical signals to light at 1.6 Tbps for AI data centers. The startup says its edge is manufacturing: it builds the optical engine using fast, repeatable flip-chip die bonding to make high-volume, U.S.-based production of optical links possible, backed by a team with experience from SpaceX and Intel.- learn more

                                                                          LA Venture Funds

                                                                          • Alexandria Venture Investments participated as an existing investor in Ten63 Therapeutics’ latest strategic financing, which also included participation from Morpheus Ventures and added new backers such as Chugai Venture Fund and the Gates Foundation, bringing total funding to more than $45M. Ten63 says it will use the capital to scale BEYOND, its AI-driven “Large Quantum Chemistry Model” platform for designing small-molecule drugs against historically “undruggable” targets, including programs in oncology and an HPV-focused effort supported by the Gates Foundation.- learn more
                                                                          • B Capital participated in Code Metal’s $125M Series B, a round led by Salesforce Ventures that valued the company at $1.25B, alongside investors including Accel, J2 Ventures, Shield Capital, Smith Point Capital, and others.Code Metal says it will use the new capital to expand engineering, accelerate product development, grow government and commercial partnerships, and scale go-to-market for its “verifiable” AI code generation and translation platform used in mission-critical environments. - learn more
                                                                          • Bonfire Ventures co-led Odynn’s $9.5M seed round alongside 8VC, with participation from Khosla Ventures and General Catalyst. Odynn says it’s building personalized AI infrastructure for travel companies, aiming to replace one-size-fits-all booking portals with dynamic experiences that tailor search, recommendations, and conversion flows to each traveler. - learn more
                                                                          • MTech Capital led Qumis’s $4.3M oversubscribed seed round, which also brought in American Family Ventures as a new strategic investor and pushed total funding to $6.75M. The company says it’s building an attorney-trained AI platform for commercial insurance “coverage intelligence,” and will use the funding to expand go-to-market and deepen product capabilities as adoption grows among large brokers and carriers (including NFP). - learn more
                                                                          • WndrCo participated in Mansa’s seed funding round, which the company says totaled $12M and was led by MaC Venture Capital. Mansa is now launching a vertical “micro-drama” format inside its app, debuting with the 27-episode original series The Heiress, The Baller & The Secret Society and positioning the feature as a mobile-first way to release serialized stories globally. - learn more
                                                                          • Alpha Edison co-led Ownwell’s $50M Series B, with Wonder Ventures participating alongside investors including Mercato Partners, Intuit Ventures, Left Lane Capital, First Round Capital, Long Journey Ventures, and PROOF Fund. The round includes $30M in equity and $20M in debt financing from Western Alliance Bank, and Ownwell says it will use the capital to expand nationally and simplify the property-tax appeal process through a new “National Appeals Packet” product. - learn more
                                                                          • Three Six Zero participated as an existing investor in Hook’s $10M Series A, which was led by Khosla Ventures with participation from Point72 Ventures, Imaginary Ventures, and Waverley Capital, bringing Hook’s total funding to $16M. Hook is an artist-first social platform that lets fans legally remix licensed songs using simple AI-powered tools and share them across social platforms, and it says the new capital will fund user growth plus product expansion like an Android app, richer creation formats, and deeper ecosystem integrations. - learn more
                                                                          • Overture Ventures participated as an existing investor in Zero Homes’ $16.8M Series A, which was led by Prelude Ventures alongside SJF Ventures and the Exelon Foundation. Zero Homes says it’s using the funding to expand into new markets, broaden its home-upgrade offerings, and grow its contractor network, powered by a smartphone-based “digital twin” approach that produces upgrade designs and pricing remotely. - learn more
                                                                          • Rebel Fund participated in Sphinx’s $7.1M seed round, which was led by Cherry Ventures alongside Y Combinator, Deel Ventures, and Singularity Capital. Sphinx is building browser-native compliance agents that work inside banks’ and fintechs’ existing tools to automate AML, KYC, and KYB work, with the new funding earmarked to scale that “agentic compliance workforce.” - learn more
                                                                          • Matter Venture Partners led ChipAgents’ oversubscribed $50M Series A1, bringing total capital raised to $74M, with participation from existing investors Bessemer Venture Partners, Micron, MediaTek, and Ericsson. ChipAgents says it will use the new funding to scale its agentic AI platform for chip design and verification, expand engineering and research, and accelerate global deployment of multi-agent “chip teams,” alongside a new HQ buildout in Santa Clara. - learn more
                                                                          • MemorialCare Innovation Fund participated in SpendRule’s $2M round, which was led by Abundant Venture Partners with additional backing from Zeal Capital Partners. SpendRule is emerging from stealth with an AI-driven platform that helps hospitals validate invoices against complex contract terms before payments go out, aiming to reduce overspending and “contract leakage” across purchased services. The company says early customers include health systems like MemorialCare, Kettering Health, and MUSC Health. - learn more

                                                                                      LA Exits

                                                                                      • Fred Segal is being acquired by Aritzia, which is buying the brand’s rights/IP (terms not disclosed) and planning a revival under its ownership. Melrose Avenue is central to the deal too, since Aritzia is also taking a lease on Fred Segal’s iconic ivy-covered site at 8100 Melrose as part of the comeback plan. - learn more
                                                                                      • The Expert is being acquired by Havenly in an all-equity deal (terms not disclosed), bringing The Expert’s high-end virtual designer consultations and trade-oriented marketplace into Havenly’s broader home and commerce ecosystem. Lee Anne Blake will join Havenly as chief commercial officer, and while The Expert will remain a standalone website, Havenly plans to plug in its tech to strengthen The Expert’s purchasing and procurement tools for designers. - learn more

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                                                                                                              💘Zeitview’s New Valentine : Catching Methane Leaks

                                                                                                              🔦 Spotlight

                                                                                                              Hello Los Angeles, happy Friday and happy Valentine’s Day weekend.

                                                                                                              While the rest of us are debating flowers vs. gifts vs. reservations, LA’s infrastructure nerds are out here celebrating a different kind of romance: finding leaks before they ghost your entire operation.

                                                                                                              Zeitview just made methane a first-class feature

                                                                                                              Zeitview has acquired Insight M, folding high-frequency aerial methane detection into its broader “see it, measure it, fix it” play for critical infrastructure. The combined offering pairs methane monitoring with Zeitview’s predictive asset-health and inspection workflows, so operators can spot emissions faster, prioritize repairs, and tie results back to ROI instead of vibes.

                                                                                                              What Zeitview actually does, beyond the buzzwords

                                                                                                              If you haven’t been tracking them, Zeitview is essentially the operating layer for inspecting big, physical assets using drones, aircraft, and computer vision. They can analyze imagery you already have or capture fresh data, then turn it into inspection reports and analytics through their Asset Insights platform.

                                                                                                              Zeitview was previously known as DroneBase and rebranded after raising an expansion round, signaling a broader push beyond “drones” into enterprise-grade infrastructure intelligence across energy and other asset-heavy industries.

                                                                                                              Why Insight M fits, and why this isn’t just “climate tech”

                                                                                                              Methane is the rare climate problem that also hits the P&L, because a leak is both emissions and lost product. Insight M has built credibility around methane monitoring that’s meant to be operational, not just observational, and that plugs neatly into Zeitview’s inspection footprint.

                                                                                                              Put together, this looks less like a single acquisition and more like a workflow upgrade: one system that finds a problem, quantifies it, routes it to the right team, and proves it was fixed. The least romantic Valentine’s message of all, maybe, but also the most adult: “I noticed something small, and I handled it before it became expensive.”

                                                                                                              Keep scrolling for the latest LA venture rounds, fund news and acquisitions.

                                                                                                              🤝 Venture Deals

                                                                                                                  LA Companies


                                                                                                                  • HAWKs (Hiking Adventures With Kids), a nature-based children’s enrichment brand founded in Los Angeles, secured a strategic investment from Post Investment Group to accelerate its nationwide franchise expansion. The company plans to scale its mobile, outdoor-program model (after-school adventures, camps, and weekend sessions) by opening franchise territories across the U.S. while using Post’s franchising platform to build the operational infrastructure and support system for new operators. - learn more

                                                                                                                              LA Venture Funds

                                                                                                                              • Allomer Capital Group participated in TRUCE Software’s newly closed Series B, a round led by Yttrium with additional backing from New Amsterdam Growth Capital. The company did not disclose the amount, but says it will use the funding to scale go-to-market for two mobile-first product suites: an AI video telematics platform for commercial fleets that runs on standard smartphones, and TRUCE Family, a software approach to limiting student phone distractions in K–12 schools. - learn more
                                                                                                                              • Wonder Ventures participated in The Biological Computing Company’s $25M seed round, which was led by Primary Venture Partners alongside Builders VC, Refactor Capital, E1 Ventures, Proximity, and Tusk Ventures. The startup is commercializing “biological compute,” connecting living neurons to modern AI systems to make certain tasks dramatically more energy-efficient, and says its first product shows a 23x retained improvement in video model efficiency while also helping discover new AI architectures. - learn more
                                                                                                                              • Bonfire Ventures co-led Santé’s $7.6M seed round, with backing from Operator Collective, Y Combinator, and Veridical Ventures. Santé is building an AI- and fintech-driven operating system for wine and liquor retailers that brings POS, inventory, e-commerce, delivery orders, and invoice workflows into one platform to replace a lot of manual, fragmented processes. - learn more
                                                                                                                              • B Capital co-led Apptronik’s initial 2025 Series A and participated again in the company’s new $520M Series A extension, bringing the total Series A to $935M+ (nearly $1B raised overall). The company says it will use the fresh capital to ramp production and deployments of its Apollo humanoid robots and invest in facilities for robot training and data collection, with the extension also bringing in new backers like AT&T Ventures, John Deere, and Qatar Investment Authority alongside repeat investors including Google and Mercedes-Benz. - learn more
                                                                                                                              • WndrCo participated in Inertia Enterprises’s new $450M Series A, a round led by Bessemer Venture Partners with additional investors including GV, Modern Capital, and Threshold Ventures. The company says it will use the milestone-based financing to commercialize laser-based fusion built on physics proven at the National Ignition Facility at Lawrence Livermore National Laboratory, including building its “Thunderwall” high-power laser system and scaling a production line to mass-manufacture fusion fuel targets. - learn more
                                                                                                                              • Riot Ventures participated as a returning investor in Integrate’s $17M Series A, which was led by FPV Ventures with participation from Fuse VC and Rsquared VC. Integrate is pitching an ultra-secure project management platform built for classified, multi-organization programs, and says it has become a requirement for certain U.S. Space Force launch efforts. The company plans to use the new funding to ship additional capabilities for government customers and scale go-to-market across the defense tech sector. - learn more
                                                                                                                              • MANTIS Ventures participated in Project Omega’s $12M oversubscribed seed round, which was led by Starship Ventures alongside Buckley Ventures, Decisive Point, Slow Ventures, and others. Project Omega is emerging from stealth to build an end-to-end nuclear fuel recycling capability in the U.S., aiming to turn spent nuclear fuel into long-duration power sources and critical materials, with early lab demonstrations underway and an ARPA-E partnership to validate a commercially viable recycling pathway. - learn more
                                                                                                                              • Plus Capital participated in Garner Health’s $118M round, which was led by Khosla Ventures with additional backing from Founders Fund and existing investors including Maverick Ventures and Thrive Capital, valuing the company at $1.35B. Garner says it helps employers steer members to high-quality doctors using its “Smart Match” provider recommendations and a reimbursement-style incentive called “Garner Rewards,” and it will use the funding to expand its offerings, grow its care team, and scale partnerships with payers and health systems. - learn more
                                                                                                                              • Emerging Ventures co-led Taiv’s $13M Series A+ alongside IDC Ventures, with continued support from investors including Y Combinator and Garage Capital. Taiv says it will use the funding to scale its “Business TV” platform, which uses AI to detect and swap TV commercials in venues like bars and restaurants with more relevant ads and on-screen content, as it expands across major North American markets. - learn more

                                                                                                                                        LA Exits

                                                                                                                                        • Mattel163 is being acquired by Mattel, which is buying out NetEase’s remaining 50% stake and valuing the mobile games studio at $318M. The deal gives Mattel full ownership and control of the team behind its IP driven mobile titles, strengthening its in-house publishing and user acquisition capabilities as it expands its digital games business. - learn more
                                                                                                                                        • DJ Mex Corp. is set to be acquired in part by Marwynn Holdings, which signed a non-binding letter of intent to purchase a 51% stake in the U.S.-based e-waste sourcing and logistics company. The deal would bring DJ Mex into Marwynn’s EcoLoopX platform to expand its asset-light “reverse supply chain” services for recyclable materials, though it’s still subject to due diligence and final agreements. - learn more

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