Farm-to-Phone Apps Have Surged During the Pandemic. Will They Stay Once It's Safe to Return to the Grocery Store?

Juliet Bennett Rylah
Juliet Bennett Rylah is a Los Angeles-based writer whose work has appeared in numerous local and national outlets. She's passionate about public transit, affordable housing and horror movies. You can find her on Twitter @jbrylah.
Farm-to-Phone Apps Have Surged During the Pandemic. Will They Stay Once It's Safe to Return to the Grocery Store?

Sarah Hernandez is a full-time farmer, though she doesn't own a huge farm.

She grows microgreens, among other vegetables and herbs, in her yard in La Mirada. Microgreens, bite-sized version of larger veggies, don't require much space; Hernandez grows them vertically on 10x20 flats stacked on wooden shelves. She visits four farmers markets each week, then delivers microgreen boxes straight to customers who find her on CropSwap.

The app offers a farm-to-phone marketplace, connecting consumers directly to farmers. It's one of several services that have taken hold during the pandemic, allowing consumers who would otherwise go to farmers markets or grocery stores to get fresh produce or other goods delivered. CropSwap is also making it easier for some home-based growers to tap into the gig economy and sell within their communities.


CEO Rob Reiner co-founded the app with Daniel McCollister. The way Reiner tells it, they seem like an unlikely pair. Reiner grew up in Houston, studied computer science, and moved to NYC with the dream of being a Wall Street broker. There, he worked in software startups, but didn't find himself attached to a project that felt like a challenge.

Then he met McCollister in 2017, who invited him to see his gardens in Woodland Hills filled with an array of produce — kale, Brussels sprouts, onions, garlic, beans, tomatoes and more.

"I had believed you needed 100 acres to grow food, and here was Dan, showing me one acre that was growing more food than an entire neighborhood could consume," Reiner said.

McCollister wanted an easy way to sell or donate his food to his community — like a Craigslist or Offer Up for produce — so that's what the pair built. Their first version of CropSwap launched in 2017 and saw some 7,500 people selling or bartering various produce in the L.A. area alone. Got an orange tree? Put the fruit on CropSwap.

Screenshots of CropSwap's platform.

But Reiner found early on that users would often buy a bunch of oranges one week, but the next week, they'd go back to Whole Foods.

"There wasn't an understanding that the farmer was there to stay and could continually give you that produce," he said.

To attract both consistent consumers and — also key — investors, Reiner pivoted the app. Its goal became to teach people used to visiting chain grocery stores about local food systems and how to tap into them. He scaled back the bartering component of the app, though users can still trade messages with farmers.

"I could have a million users on CropSwap, but if I'm not attacking the WalMart consumer and the WalMart consumer is still buying [Walmart's] produce, then I haven't done my job," he said.

In 2019, CropSwap started offering curated boxes of seasonal, local produce that customers could receive right after it was harvested. Reiner described it as a hybrid consumer-supported agriculture ( CSA) box. Customers can subscribe to them or get a one-off. All farmers have to do is curate the boxes, put them on the app, and fulfill sales.

"We give farmers the tool to create their own delivery options," Reiner said. "They can do it all themselves and sell direct to consumers."

Customers who download the app can browse what's available in their area for either pickup or delivery. Farmers drop pins to indicate five-mile radiuses where they deliver, usually on specific days of the week.

One might be inclined to think that farmers markets would be CropSwap's biggest competitor, but Reiner said it's actually other apps such as Barn2Door and subscription services like San Francisco-based Imperfect Produce or Sacramento-based Farm Fresh to You.

Unlike those services, which use third-parties to box and handle deliveries, CropSwap farmers box their own food and the same farmhands who picked the produce are often the ones who deliver it.

In Los Angeles, the largest farm on the app is Sow a Heart, which also owns Sage Plant-Based Bistro with locations throughout the county. On CropSwap, they offer a Family Harvest box jammed with produce for $55, including delivery fees. By comparison, a Whole Foods cart on Amazon Prime that contains roughly the same items comes out to about $85, not including tip.

CropSwap does not charge sellers to be on the platform as others, including Seattle-based Barn2Door, do. Instead, it takes 8% of sales — in line with what a farmers market might charge — once a seller reaches 50 subscribers. Reiner said they're able to keep consumer costs low because they're not spending money on storage facilities, branding, marketing or transit.

From Consumer to Micro-Farmer

Hernandez had been following CropSwap on social media because she was interested in potentially trading her seeds for other produce. About six months ago, CropSwap reached out to ask her if she'd like to sell on the app. So far, she said "a good amount" of people have tried her variety microgreens box and she's gotten a lot of useful feedback. She currently has about 10 regular subscribers, a number that fluctuates with customer needs. Some are weekly buyers, while some purchase every other week. Hernandez said CropSwap is the most direct farmer-to-consumer experience she's had apart from the actual farmers market.

"I make the deliveries myself every week. My boyfriend helps me out, but it's just us two," she said "I'm growing it, we're cutting it, packaging it, and we're delivering it."

Through the app, she can tell her customers if she needs to change delivery dates to accommodate her market schedule or travel plans. Customers can also ask her questions, just like they would at the farmers market. If she gets more subscribers, she has space to add another set of shelves and she'd be able to hire an employee to help package and deliver produce.

There are other small vendors, too, like a beekeeper in West L.A. who sells honey flights, a jam maker in East Hollywood, and more home microgreen growers like Hernandez. Reiner said there are about 250 subscribers in L.A. Some get just one box, but some larger vegetarian or vegan families may purchase up to five.

The direct-to-consumer approach has served as a boon for some farmers during the pandemic. In Richmond, Virginia, Three Fox Farms' founder Alex King told RVA Magazine he didn't know what to do with his crops after restaurants and farmers markets closed at the onset of the pandemic. King ultimately partnered with Leafy Lanes Urban Farms to offer a box of assorted fresh vegetables, which they sold on CropSwap. They were so successful, the farmers said, they had one of their strongest seasons and King was able to invest in new hoop houses and a walk-in cooler.

Hernandez also had a good year saleswise. She said she found her customers wanted to eat healthier and appreciated the contact-free delivery experience CropSwap could provide.

Beyond the Pandemic

Reiner doesn't think pandemic subscriptions are a fluke, though he has had investors who question that. Still, he's betting the quality of fresh, local produce delivered straight to consumers will "ruin" them for inferior fruits and vegetables that have to be stored in a warehouse. Plus, he said, some CropSwap growers offer products that are hard to get in stores. For example, a farmer who specializes in iron-rich kale for vegan bodybuilders.

Rob Reiner, CoCropSwap CEO Rob Reiner

In its next iteration, Reiner plans to partner with chefs to make the boxes more of an experience by offering recipes and cook-alongs. CropSwap is also working on a partnership with Nourish LA to offer customers the ability to donate boxes to other families. Reiner also envisions a tracking system that lets customers know how their purchases will impact their health, environment, and communities and a future where CropSwap could make suggestions to make its customers healthier.

"Imagine if we knew your intake because of the product you were consuming," he said. "If I knew, for example, that you were low on iron, I could start suggesting boxes that might increase your iron."

CropSwap has also partnered with Jamiah Hargins' Crop Swap LA, founded in 2018 to allow Angelenos to share produce. Crop Swap LA is building new neighborhood gardens in West Adams. The produce they yield will be available on the CropSwap app, and neighbors will receive a code to become the urban farms' first subscribers.

"People are going to start seeing how much food can come from local gardens. And that's going to start deteriorating the mindset that you need so much land to grow food," Reiner said. "I would love it if kids could get involved in this and tell their parents I'm going to turn my whole backyard into selling food for my neighbors."

$100M and a Space Force Deal: Northwood’s One-Two Punch

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Hello Los Angeles

The most underrated part of the space boom isn’t what gets launched, it’s what happens after. A satellite can be flawless in orbit and still be functionally useless if you can’t talk to it fast, often, and reliably, especially when something breaks.

Torrance is proving the next space race is won on the ground

Northwood Space, operating out of a 35,000-square-foot facility in Torrance, just landed a rare one-two punch: a $100M Series B and a roughly $49.8M U.S. Space Force contract tied to upgrades for the Satellite Control Network, the system that supports launches, early operations, tracking and control, and emergency support when satellites go sideways. The Series B was led by Washington Harbour Partners, co-led by Andreessen Horowitz, and included participation from Alpine Space Ventures, Founders Fund, StepStone, Balerion, Fulcrum, Pax, 137 Ventures, and others.

Image Source: Northwood Space

What’s intriguing here isn’t just the dollars, it’s the thesis. Northwood is arguing that the next wave of space companies won’t be constrained by rockets, but by operations and connectivity, meaning the ground layer becomes the strategic choke point. Their approach combines vertically integrated ground infrastructure with phased-array systems (“Portal”) that can steer multiple beams electronically and support missions across LEO, MEO, and GEO, aiming to make ground access feel less like bespoke aerospace procurement and more like scalable infrastructure.

Why this matters right now

In a market where “space” headlines often center on what’s above the atmosphere, this week’s signal is that the decisive advantage may live down here. If Northwood can make satellite communications more frequent, more flexible, and easier to scale, it doesn’t just help one mission, it changes the economics of operating entire fleets.

Scroll on for the latest LA venture rounds, fund news and acquisitions.

🤝 Venture Deals

      LA Companies


      • Origin, a pelvic floor physical therapy and women’s musculoskeletal care provider, raised a Series B led by SJF Ventures with participation from Blue Venture Fund and Gratitude Railroad, plus financing from California’s IBank and several angel investors. The company says it will use the funding to expand access to its hybrid model of in-person clinics and nationwide virtual care, and to invest in AI-enabled clinical tools, clinician training through Origin University, and additional clinical research. - learn more
      • OpenDrives announced new funding led by IAG Capital Partners to support growth of its software platform for video data management used by media, sports, and enterprise teams. Alongside the investment, the company named longtime COO Trevor Morgan as CEO as it continues shifting from a hardware-first business to a software-focused platform. - learn more

                LA Venture Funds

                • MANTIS Venture Capital participated in Rogo’s $75M Series C, a round led by Sequoia that values the AI “agent” platform at about $750M. The company says it will use the new funding to scale its AI system for investment-banking workflows and accelerate its European expansion, including opening its first international office in London. - learn more
                • B Capital led PaleBlueDot AI’s $150M Series B, pushing the AI compute platform’s valuation to over $1B. The company says it will use the funding to deepen its core tech and platform engineering, expand go-to-market, and scale across North America and Asia to meet rising enterprise demand for cost-efficient AI infrastructure. - learn more
                • Rebel Fund participated in Modelence’s seed round, which raised $3M and was led by Y Combinator alongside other investors. Modelence is building an all-in-one TypeScript toolkit that bundles essentials like auth, databases, hosting, and LLM observability to reduce the “stitching things together” headaches that come with vibe-coding and modern app infrastructure. - learn more
                • Alexandria Venture Investments participated in TRexBio’s oversubscribed $50M financing alongside several new investors and existing backers. The company says it will use the funds to advance TRB-061, its TNFR2 agonist designed to selectively activate regulatory T cells, in an ongoing Phase 1a/b study for atopic dermatitis, and to move preclinical programs TRB-071 and TRB-081 toward the clinic. - learn more
                • Bonfire Ventures led Risotto’s $10M seed round to help the startup bring AI into help desk workflows and make ticketing systems easier to use. Risotto aims to autonomously resolve support tickets by sitting between tools like Jira and a company’s internal systems, using an AI layer designed to keep model outputs reliable and controlled. - learn more
                • Calibrate Ventures participated as a returning investor in Grid Aero’s $20M Series A, which was co-led by Bison Ventures and Geodesic Capital. The aerospace and defense startup says it will use the funding to move its Lifter Lite autonomous aircraft from testing into operational deployments, supporting major exercises and early customer use cases as it scales long-range, low-cost autonomous airlift for contested environments. - learn more

                        LA Exits

                        • Bridg is being acquired by PAR Technology (from Cardlytics) in a deal valued at $27.5M in PAR stock, with the price potentially adjusting up to $30M, and it’s expected to close in Q1 2026. PAR plans to integrate Bridg’s identity-resolution capabilities so restaurants and retailers can unify loyalty and non-loyalty purchase data, recognize previously anonymous customers, and run and measure marketing more effectively. - learn more
                        • Assembly, an employee recognition and rewards platform founded in 2018 and used by 500+ organizations, is being acquired by talent-management provider Quantum Workplace. The deal adds built-in rewards to Quantum Workplace’s suite and is intended to connect recognition data with engagement, performance, development, and retention insights so leaders can better spot impact, reinforce values, and invest in keeping top talent. - learn more

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                                              Brex’s $5.15B Deal With Capital One Marks A New Era For Fintech

                                              🔦 Spotlight

                                              Happy Friday, Los Angeles. 💳

                                              The first big fintech plot twist of 2026 is here. Capital One is buying Brex in a cash and stock deal valued at about $5.15 billion, in what the companies are calling the largest bank - fintech deal in history.

                                              From college dropouts to a multibillion exit

                                              Brex launched in 2017, when Brazilian founders Henrique Dubugras and Pedro Franceschi, then in their early 20s after dropping out of Stanford, set out to fix the “startup card” problem. That project turned into an AI-native finance platform that now serves tens of thousands of companies, from early-stage startups to hundreds of public enterprises.

                                              A few years into that journey, both founders moved to Los Angeles and continued running Brex from here as the company embraced a fully remote model. Now that same LA-based duo is steering a multibillion-dollar acquisition that will plug their software directly into one of the biggest banks in the country. Pedro will stay on as CEO of Brex inside Capital One, with the brand and product continuing rather than disappearing into a rebrand.

                                              Why this looks like a win

                                              “Big bank buys fintech” can sound like the end of the startup story, but here it reads more like an expansion pack. Capital One gets Brex’s cloud-based spend stack, AI-powered controls and roughly $13 billion in commercial deposits. Brex gets a massive balance sheet, a regulated rails partner and access to the mainstream business market it has been edging toward for years.

                                              For founders and operators here, it is also quiet validation that building hard fintech infrastructure still pays off. Brex spent years doing the unglamorous work of licenses, compliance, underwriting and integrations. The outcome isn’t a hype cycle spike; it is a classic, real-money exit for a very modern stack.

                                              What it signals for LA’s ecosystem

                                              LA is not getting a new headquarters out of this. Brex has embraced a “no HQ” model. What the city does have is a pair of founders who chose to build their lives here and just proved that you can run a global finance platform from Los Angeles and end up selling it to a top-six U.S. bank.

                                              It also fits a broader pattern our ecosystem is leaning into. Whether it is fintech, defense tech or climate, the most interesting LA stories right now are not about front-end apps. They are about deep, regulated infrastructure that incumbents eventually need more than startups need them.

                                              For Brex, this is the start of a new chapter inside Capital One. For LA, it is one more data point that the city’s founders can build products the rest of the financial system has to buy.

                                              Scroll on for the latest LA venture rounds, fund news and acquisitions.

                                              🤝 Venture Deals

                                                  LA Companies


                                                  • L-Nutra secured a new $36.5M investment from Mubadala, bringing its total Series D proceeds to $83.5M. The company, which develops longevity-focused and medical nutrition therapies, plans to use the funding to accelerate global expansion, advance clinical research, and scale adoption of its nutrition programs across healthcare providers and consumers. - learn more
                                                  • RiskFront AI raised $3.3M in pre-seed funding to make financial crime and compliance work far less manual. The US-based startup uses “agentic AI” to automate time-consuming tasks like research, data analysis and documentation, with its Airos platform handling much of the day-to-day workload so human analysts can focus on higher-value judgment calls. The new capital will help expand engineering and product teams and deepen integrations with banks and fintechs already piloting the system. - learn more
                                                  • Balance Homes relaunched with a $30M investment led by Falco Group to scale its equity-sharing model for homeowners who are “house rich but cash and credit constrained.” The company buys a co-ownership stake in a home to free up trapped equity so owners can pay down mortgages and high-interest debt while staying in their homes, instead of being forced to sell. After stabilizing its existing portfolio following EasyKnock’s shutdown, Balance Homes is now resuming originations in six states, with plans to expand as affordability and household debt pressures intensify. - learn more

                                                          LA Venture Funds

                                                          • Distributed Global co-led Superstate’s $82.5M Series B, backing the Robert Leshner - founded tokenization platform as it builds regulated, on-chain capital markets infrastructure. The round, alongside Bain Capital Crypto and other institutional investors, will help Superstate expand beyond its existing tokenized U.S. Treasury funds to a full issuance layer for SEC-registered equities on Ethereum and Solana. The company, which already manages over $1.1B in tokenized assets, plans to scale its Opening Bell platform and transfer agent stack so public companies can issue and manage compliant on-chain shares directly. - learn more
                                                          • Krew Capital participated in GIGR (Playad.ai)’s $5.4M pre-seed round, backing the San Francisco based startup as it builds multi-agent AI workflows for marketing teams. GIGR’s Playad platform starts with interactive ads, using AI agents to help marketers create, test and iterate on playable and other ad formats much faster while turning performance data into continuous creative improvement. The new funding will support product development, expansion of its AI-native creative workflow and scaling to more customers looking to cut production costs and tighten the loop between ad performance and creative decisions. - learn more
                                                          • Trousdale Ventures participated in AheadComputing’s additional $30M Seed2 round, backing the Portland-based chip startup as it reimagines CPU architecture for the AI era. AheadComputing is developing high-performance RISC-V based CPUs and breakthrough microarchitecture aimed at handling the growing wave of AI data center, workstation and embedded workloads where CPU performance has become a bottleneck. The new funding, which brings total capital raised to $53M, will support R&D, software innovation and test chip development as the company races to deliver next-generation general purpose processors. - learn more
                                                          • Untapped Ventures participated in Nexxa.ai’s $9M seed round, backing the Sunnyvale-based startup as it scales specialized AI agents for heavy-industry workflows. Nexxa’s Nitro platform layers multi-agent automation on top of existing tools used in sectors like rail, construction, manufacturing and critical infrastructure, helping engineers plan and execute complex projects without ripping out legacy systems. The new funding brings Nexxa.ai’s total capital raised to $14M and will go toward expanding deployments, forward-deployed engineering teams and support for more industrial customers. - learn more
                                                          • UP.Partners participated in Zanskar’s $115M Series C, backing the Salt Lake City based geothermal startup as it uses AI to uncover overlooked conventional geothermal resources across the Western U.S. The company has already validated several high-potential sites and plans to use the funding to expand its discovery platform and begin developing multiple greenfield power plants, with a goal of bringing significant new clean baseload capacity to the grid before 2030. - learn more
                                                          • Smash Capital participated in Stream’s $90M Series D, backing the UK based workplace finance startup as it ramps expansion into the U.S. market. Formerly known as Wagestream, Stream partners with employers to offer workers tools like earned wage access, savings, budgeting and pensions in a single app, targeting financial stress for lower and middle income employees. The new funding, led by Sofina, brings total capital raised to about $228M and will help Stream scale its multi-product platform across more brands and workers globally. - learn more
                                                          • Fika Ventures participated in Ivo’s $55M funding round, backing the San Francisco based legal AI startup alongside lead investor Blackbird and others. Ivo builds contract intelligence tools for in-house legal teams and enterprises, using a highly structured approach that breaks reviews into hundreds of smaller AI tasks to boost accuracy and reduce hallucinations. The new capital, which reportedly values the company at around $355M, will go toward accelerating product development and hiring more sales and go-to-market talent to meet growing demand. - learn more
                                                          • Amplify.LA participated in Overworld’s latest funding round, backing the AI startup as it unveils a real-time diffusion world model for playable, AI-native worlds. Overworld’s system runs locally and generates persistent, interactive environments on the fly, aiming to become core infrastructure for next-generation games, simulations and creative tools built around world models rather than static assets. The new capital will support further development of its Waypoint 1 research preview and help the team expand its platform for researchers, engineers and builders working on interactive AI experiences. - learn more
                                                          • Dangerous Ventures participated in Carbogenics’ $3M investment and grant funding round, backing the Edinburgh-based bio-carbon startup as it scales its carbon removal technology. Carbogenics turns difficult-to-recycle organic waste into CreChar, a biochar product that boosts biogas production, supports wastewater treatment and locks away carbon. The new funding will help the company expand manufacturing in the US, grow its centralized UK operations and deploy its biocarbon products across the UK, Europe and North America. - learn more

                                                                LA Exits

                                                                • Farcaster is being acquired by Neynar, the infrastructure company that already powers much of the Farcaster ecosystem, in a full-stack handoff from Merkle Manufactory. Neynar will assume control of the decentralized social protocol’s smart contracts, code repositories, official app and Clanker client, while Farcaster co-founders Dan Romero and Varun Srinivasan step back from day-to-day operations after five years. The deal keeps the network running without disruption and sets Neynar up to roll out a new, builder-focused roadmap for on-chain social. - learn more
                                                                • ScribbleVet has been acquired by Instinct Science, which is folding the veterinary AI-scribing startup into its Instinct EMR platform to create what it calls an “intelligent-native” practice management system. The combined offering aims to move traditional PIMS beyond record-keeping by embedding AI scribing, workflow automation and clinical decision support in one system, reducing documentation burden and helping veterinary teams focus more on patient care. ScribbleVet’s team is joining Instinct, with founder and CEO Rohan Relan taking on a key role leading product strategy for intelligence features across the platform. - learn more

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                                                                                    JetZero Just Raised $175M to Rewrite How We Fly

                                                                                    🔦 Spotlight

                                                                                    Happy Friday, Los Angeles ✈️

                                                                                    While everyone in tech is still busy arguing about the next AI model, one startup based out of Long Beach just raised a whole lot of money to change the shape of the airplane itself.

                                                                                    Image Source: JetZero

                                                                                    JetZero closed a $175 million Series B to build its blended wing body “all-wing” airliner, with B Capital leading the round alongside United Airlines Ventures, Northrop Grumman, 3M Ventures, Trucks VC and RTX Ventures. The company is working toward a full-scale Demonstrator aircraft that targets at least 30% better fuel efficiency than today’s tube-and-wing jets, with a first flight planned for 2027 and a commercial Z4 airliner to follow in the early 2030s.

                                                                                    This is not a small bet. JetZero’s pitch is that airlines and regulators need a way to hit climate targets without waiting on sci-fi batteries or hydrogen infrastructure, and that a radically more efficient airframe is the most realistic path. It is also very much an LA story: deep aerospace talent, strategic money at the table, and a product that looks like a mashup of climate tech, defense tech and old-school manufacturing rather than another SaaS dashboard.

                                                                                    There is still a long way to go. The next few years are about turning simulations and wind-tunnel charts into flight data, working with regulators and proving that a manta-ray-shaped jet can slot into a world built for Boeings and Airbuses. But if JetZero gets anywhere close, it will mean that one of the most ambitious hardware bets in commercial aviation is being engineered out of Long Beach.

                                                                                    Scroll on for the latest LA venture rounds, fund news and acquisitions.

                                                                                    🤝 Venture Deals

                                                                                        LA Companies


                                                                                        • No Agent List secured $10M in private investment to launch its AI powered real estate platform ahead of a planned Spring 2026 debut. The Los Angeles based company aims to put “agent level” tools directly in the hands of buyers, sellers and vendors, offering direct access to off market properties, FSBOs, distressed assets, foreclosures, tax liens and auctions that have traditionally been gated by agents and insiders. The funding will support product development and rollout of the platform, which promises more control over transactions while using AI to surface opportunities and streamline the deal process. - learn more
                                                                                        • Hadrian, the Los Angeles based advanced manufacturing startup, announced new capital led by accounts advised by T. Rowe Price Associates to accelerate its push to “reindustrialize” American manufacturing. The financing, which also includes Altimeter Capital, D1 Capital Partners, StepStone Group, 1789 Capital, Founders Fund, Lux Capital, a16z, Construct Capital and others, values the company at $1.6B and will be used to expand its high-throughput factories, grow its workforce and deploy more AI, software and automation across its “factories-as-a-service” platform for aerospace, defense and critical infrastructure customers.- learn more

                                                                                              LA Venture Funds

                                                                                              • Blue Bear Capital joined Hydrosat’s $60M Series B, backing the thermal infrared satellite data company alongside lead investors Hartree Partners, Subutai Capital Partners and Space 4 Earth. The funding will help Hydrosat expand its constellation beyond its two current satellites, ramp global coverage and deepen its AI-powered “thermal intelligence” products for water resource management, agriculture, civil government and defense customers worldwide. - learn more
                                                                                              • Elysian Park Ventures led a $12M growth round for Diamond Kinetics, backing the Pittsburgh-based baseball tech company as it doubles down on youth development. The new capital will help Diamond Kinetics scale sidelineHD, its AI-powered youth baseball and softball live streaming and highlights platform, and expand its broader suite of training tools as MLB’s Trusted Youth Development Platform. - learn more
                                                                                              • MANTIS Ventures participated in Depthfirst’s $40M Series A round, backing the San Francisco based applied AI lab alongside lead investor Accel, Alt Capital, BoxGroup, Liquid 2 Ventures and SV Angel. Depthfirst is building an AI-native “General Security Intelligence” platform that uses autonomous agents to detect, triage and remediate software vulnerabilities across code and infrastructure, aiming to outpace a new wave of AI-powered cyberattacks. The fresh capital will fund R&D, go-to-market efforts and hiring as the company scales its security platform for enterprise customers. - learn more
                                                                                              • Cedars-Sinai Health Ventures participated in Vista AI’s $29.5M Series B, joining a slate of leading health systems backing the company’s automated MRI scanning software. The Palo Alto-based startup will use the funding to expand its FDA-cleared cardiac MRI platform to additional anatomies like brain, prostate and spine, and to roll out remote scanning services that let hospitals without in-house MRI expertise offer advanced imaging while easing backlogs and technologist shortages - learn more
                                                                                              • Fourward Ventures is leading a new strategic growth investment in Mermaid Gin, backing the Isle of Wight–based premium spirits brand as it accelerates expansion in the U.S. market. The round brings Fourward’s founder Will Ward onto the board as lead investor and is paired with a national distribution partnership with Southern Glazer’s Wine & Spirits, plus the appointment of longtime Moët Hennessy veteran Jim Clerkin as CEO for the U.S. push. The capital and partnership are aimed at scaling Mermaid Gin in the fast-growing U.S. super-premium gin segment while preserving its sustainability-focused, Isle of Wight roots. - learn more
                                                                                              • Hyperion Capital joined Haiqu’s $11M seed round, backing the quantum software startup alongside Primary Venture Partners, Collaborative Fund, Alumni Ventures, Qudit Ventures, Silicon Roundabout Ventures, Harlow Capital, Toyota Ventures and MaC Venture Capital. Haiqu is building a hardware-aware quantum operating system and middleware layer that boosts the performance of today’s noisy quantum hardware, with the new funding going toward productizing its platform and enabling near-term commercial use cases in areas like finance, cybersecurity and scientific computing. - learn more
                                                                                              • Sound Ventures led WitnessAI’s $58M strategic funding round, backing the Mountain View based AI security and governance platform alongside investors including Fin Capital, Qualcomm Ventures, Samsung Ventures and Forgepoint Capital Partners. The company will use the capital to accelerate global go-to-market efforts and expand its platform, which secures AI agents and models by monitoring agent activity, linking human and agent actions, and blocking prompt injection and other attacks in real time. WitnessAI also unveiled new agentic AI governance tools that give enterprises deeper observability and policy control as they scale AI agents across their operations. - learn more
                                                                                              • Alexandria Venture Investments joined Proxima’s oversubscribed $80M seed financing, backing the newly rebranded AI-native biotech (formerly VantAI) alongside lead investor DCVC, NVentures (NVIDIA’s venture arm), Braidwell, Roivant and others. Proxima is building a generative AI driven platform for “proximity-based medicines” that modulate protein protein interactions, including molecular glues and PROTACs, to go after historically undruggable targets in oncology, immunology and beyond. The new capital will accelerate its NeoLink structural proteomics and Neo AI model stack, and advance a pipeline of first-in-class proximity-modulating therapeutics toward the clinic. - learn more
                                                                                              • Clocktower Technology Ventures participated in WeatherPromise’s oversubscribed $12.8M Series A, backing the weather-guarantee startup alongside lead investor Maveron, 1Sharpe, Lerer Hippeau, Commerce Ventures, MS Transverse, Start Ventures, 1Flourish and others. WeatherPromise partners with major travel brands like Marriott, Expedia and JetBlue to offer “weather guarantees” that automatically refund trips when conditions are worse than promised, driving demand for travel, events and outdoor experiences. The new capital will accelerate product development, expand strategic partnerships and scale the platform across more consumer categories. - learn more
                                                                                              • MANTIS Ventures participated in Sandstone’s $10M seed round, backing the AI-native legal tech startup alongside lead investor Sequoia Capital and others. Sandstone is building an operating system for in-house legal teams that uses AI agents to route requests, draft and review contracts, and surface answers directly inside tools like email, Slack and Salesforce, turning institutional legal knowledge into reusable workflows. The new capital will help the Brooklyn-based company scale its product and grow its customer base of corporate legal departments. - learn more
                                                                                              • Strong Ventures participated in Hupo’s $10M Series A round, backing the Singapore-based AI sales coaching startup alongside lead investor DST Global Partners, Collaborative Fund, January Capital and Goodwater Capital. Hupo’s platform uses AI to coach frontline banking, insurance and financial services sales teams in real time, helping them ramp faster and close more deals across highly regulated markets in APAC and Europe. The new funding will support product development, expansion of its coaching features and scaling enterprise deployments as the company eyes broader international growth. - learn more
                                                                                              • Freeflow Ventures joined Vivere Oncotherapies’ more than $10M funding round, backing the UC Berkeley spinout alongside YK Bioventures, Pillar, Berkeley Frontier Fund and the National Cancer Institute. Vivere is developing targeted immunotherapies for “cold” solid tumors like colorectal and ovarian cancers, aiming to activate the immune system against tumors that typically evade detection and resist existing treatments. The new capital will support advancement of its proprietary bioengineering platform and pipeline of therapies for patients with few effective options today. - learn more
                                                                                              • Alexandria Venture Investments joined Precede Biosciences’ $63.5M Series B equity round, part of an $83.5M total financing package that also includes a $20M strategic, non-dilutive credit facility. The Boston based precision diagnostics and data company is scaling its blood-based platform, which measures target expression and pathway activity to support next-generation cancer therapies like drug, radio and immune conjugates. The new capital will help Precede meet growing demand from biopharma partners developing these precision medicines and accelerate commercialization and health system adoption. - learn more
                                                                                              • Alexandria Venture Investments participated in Recludix Pharma’s new equity financing round alongside Access Biotechnology, NEA and Westlake BioPartners, with additional strategic investment from Eli Lilly. The San Diego based, clinical-stage biotech will use the $123M in total equity raised to advance clinical development of its novel SH2 domain inhibitor pipeline for inflammatory diseases and to tap Lilly’s TuneLab AI/ML platform to accelerate discovery across its broader SH2 domain program. - learn more
                                                                                              • BOLD Capital Partners participated in MagicCube’s $10M funding round, backing the Cupertino-based software security company alongside strategic investor Verifone and other existing backers. MagicCube plans to use the capital to expand beyond its core tap-to-phone payments offering into biometrics, identity verification and AI-driven device security, while scaling its Software Defined Trust platform that delivers hardware-grade protection through software on standard mobile and IoT devices.- learn more

                                                                                                    LA Exits

                                                                                                    • Webalo is being acquired by Prometheus Group, which is folding the Los Angeles based “no-code for the frontline” platform into its enterprise asset management software suite. The deal will combine Webalo’s mobile, real-time workflows for frontline workers with Prometheus Group’s planning and scheduling tools, aiming to create a closed-loop digital execution platform that connects shopfloor actions directly back into systems of record like SAP and Oracle. - learn more

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