This Week in ‘Raises’: CORTICA Lands $75M, Adventrx Therapeutics Grabs $38M

Decerry Donato

Decerry Donato is a reporter at dot.LA. Prior to that, she was an editorial fellow at the company. Decerry received her bachelor's degree in literary journalism from the University of California, Irvine. She continues to write stories to inform the community about issues or events that take place in the L.A. area. On the weekends, she can be found hiking in the Angeles National forest or sifting through racks at your local thrift store.

Raises
Image by Joshua Letona

A local biotech company raised fresh funding to advance its proprietary ADC therapeutic pipeline—a class of therapies that combine the specificity of antibodies with the potency of conventional chemotherapy drugs into the clinic.

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Venture Capital

San Diego-based neurological therapy services company CORTICA raised $75 million, per an SEC filing.

Adcentrx Therapeutics, a San Diego-based biotechnology company, raised $38 million in a Series A+ funding round led by Eight Roads Ventures.

Santa Monica-based SMS Engagement Platform Community raised $25 million in funding. Salesforce Ventures, Morgan Stanley Next Level Fund, HubSpot, Pier 70 Ventures participated in this round of funding.

Mapped, an El Segundo-based AI-powered data infrastructure platform raised $5.4 million, per an SEC filing.

Shield, a Los Angeles-based company developing web3 and crypto based solutions for protecting users from online scams raised a $2.1 million pre-seed funding round from Kraken Ventures, Eterna Capital, Alchemy and Moonpay.

Funds

Greycroft, a venture capital firm that has offices in Santa Monica closed a combined $980 million across its two flagship funds, the Greycroft Partners VII and Greycroft Growth IV.

Miscellaneous

Aptitude, a Santa Barbara-based deep-tech healthcare company received a grant of $53.7 million from Biomedical Advanced Research and Development Authority (BARDA).

Digital consumer acquisition solutions company Logiq acquired Woodland Hills-based fintech startup Park Place Payments and the transaction is valued over $10 million.

Raises is dot.LA’s weekly feature highlighting venture capital funding news across Southern California’s tech and startup ecosystem. Please send fundraising news to Decerry Donato (decerrydonato@dot.la).

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LA Tech Week's Climate Tech Panel Unveils Funding Secrets for Green Startups

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.

LA Tech Week's Climate Tech Panel Unveils Funding Secrets for Green Startups
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In a region known for being a national trailblazer when it comes to climate policies, there’s no shortage of green energy startups in L.A. looking for funding. There’s also a plethora of investors and incubators, which means founders looking for cash flow should be extra specific about their value proposition when they pitch to cut through the noise. At least that was the message coming from the panelists at the UCLA Anderson School of Management on Tuesday.

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Here's What People Are Saying About Day Two of LA Tech Week
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L.A. Tech Week has brought venture capitalists, founders and entrepreneurs from around the world to the California coast. With so many tech nerds in one place, it's easy to laugh, joke and reminisce about the future of tech in SoCal.

Here's what people are saying about day two of L.A. Tech Week on social:

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LA Tech Week: Technology and Storytelling for Social Good

Decerry Donato

Decerry Donato is a reporter at dot.LA. Prior to that, she was an editorial fellow at the company. Decerry received her bachelor's degree in literary journalism from the University of California, Irvine. She continues to write stories to inform the community about issues or events that take place in the L.A. area. On the weekends, she can be found hiking in the Angeles National forest or sifting through racks at your local thrift store.

LA Tech Week: Technology and Storytelling for Social Good
Photo taken by Decerry Donato

On Monday, Los Angeles-based philanthropic organization Goldhirsh Foundation hosted the Technology and Storytelling For Social Good panel at Creative Visions studio to kick off LA Tech week.

Tara Roth, president of the foundation, moderated the panel and gathered nonprofit and tech leaders including Paul Lanctot, web developer of The Debt Collective; Alexis Cabrera, executive director of 9 Dots; Sabra Williams, co-founder of Creative Acts; and Laura Gonzalez, senior program manager of Los Angeles Cleantech Incubator (LACI).

Each of the panelists are grantees of Goldhirsh Foundation’s LA2050, an initiative launched in 2011 that is continuously trying to drive and track progress toward a shared vision for the future of Los Angeles. Goldhirsh’s vision is to make Los Angeles better for all and in order to achieve their goal, the foundation makes investments into organizations, creates partnerships and utilizes social capital through community events.

The panelists shared how the work they are doing in each of their respective sectors uses technology to solve some of society's most pressing challenges and highlight the importance of tech literacy across every community.

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