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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