This Week in ‘Raises’: Acorns Lands $300M, Griffin Gaming Partners Seals $750M Fund
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 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).
Venture Capital
Irvine-based fintech app Acorns raised $300 million in a Series F funding round led by private equity firm TPG.
Menlo Microsystems, an Irvine-based manufacturer of electronic switches, raised $150 million in Series C funding led by Vertical Venture Partners and Future Shape.
Slingshot Aerospace, an El Segundo-based space data and analytics startup, raised $25 million in Series A-1 funding led by Draper Associates and ATX Venture Partners.
A-Frame Brands, an L.A.-based developer of celebrity-led personal care brands, raised $11.2 million in seed funding led by Forerunner Ventures and Initialized Capital.
Gumball, an L.A.-based adtech platform connecting podcasts and advertisers, raised $10 million in Series A funding led by Union Square Ventures and Good Friends.
Immerse, an Irvine-based virtual reality language teaching and learning platform, raised $9 million in Series B funding led by Eagle Venture Fund and Mustang Creek Capital.
Kicks Crew, an L.A.- and Hong Kong-based ecommerce platform for sneakers, raised $6 million in Series A funding led by Gobi Partners, Pacific Century Group and DL Securities.
L.A.-based nutrition startup Uplifting Results Labs raised $6 million in funding, according to an SEC filing.
AI-powered job board Rolebot, based in L.A., raised $4.8 million in funding, according to an SEC filing.
Postcard Game Studio, an Irvine-based independent video game developer and publisher, received a $3.5 million seed investment from South Korean video game company Smilegate.
Freightpay, an L.A.-based payment platform for logistics and freight forwarders, raised $2 million in funding led by Defy.vc and Better Tomorrow Ventures.
Funds
Griffin Gaming Partners, a Santa Monica-based venture firm focused on the video game industry, closed a $750 million fund.
JPEG Fund, a South Pasadena-based Web3 investment fund, raised $15 million in funding from a solitary investor, according to an SEC filing.
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.
