This Week in ‘Raises’: Cullgen Gains $35M, LightBay Capital Lands $1B
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.
A local biotechnology company raised new funding to support the development of Cullgen’s technology platform and internal pipeline, while a Los Angeles-based venture firm closed an oversubscribed fund that will be used to continue the firm’s focus of partnering with best-in-class management teams across tech-enabled services, outsourced business-to-business services, healthcare services, HCIT and consumer services.
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Venture Capital
Cullgen, a San Diego-based drug discovery platform, raised a $35 million series C financing round led by AstraZeneca-CICC Fund.
Chula Vista-based cloud-based construction management platform Inertia Systems raised $13.1 million in funding, per an SEC filing.
Per an SEC filing, developer of genome technology JumpCode Genomics raised $9.1 million in funding.
Sensydia, a Los Angeles-based startup that developed a portable, point-of-care hemodynamic measurement device raised $8 million in funding led by Orlando Health Ventures.
Better Booch, a Los Angeles-based kombucha tea company raised $7.7 million in funding, per an SEC filing.
West Hollywood-based financial services platform designed to cater to the elderly community Charlie raised $7.5 million in funding from Better Tomorrow Ventures, Exapa, Ayokunle Omojola, and Gokul Rajaram.
Mother Science, a Los Angeles-based biotech skincare startup, raised a $6.2 million funding round.
Epirus, a Redondo Beach-based startup that has developed a power management circuitry, raised $5.3 million from the Defense Advanced Research Projects Agency's (DARPA) Massive Cross-Correlation (MAX) program.
Funds
LightBay Capital, a Los Angeles-based private equity firm raised $1.04 billion for its second private equity fund.
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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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.
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