This Week in ‘Raises’: FinditParts Lands $30M, Bonfire Raises $230M for New Funds

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
This week in “Raises”: A local ecommerce marketplace for the commercial vehicle aftermarket landed a $30 million Series A, while a new Santa Barbara-based venture capital firm raised its first fund to invest in Southern California software startups.

Venture Capital

FinditParts, an ecommerce marketplace serving the commercial vehicle aftermarket, raised a $30 million Series A funding round led by Crestline Investors.

Tripp, a virtual reality therapy and meditation app, raised $11.2 million in a Series A extension round led by BITKRAFT Ventures.

SpectrumAi, a digital health company developing solutions for people on the autism spectrum, raised a $9 million seed funding round co-led by F-Prime Capital and Frist Cressey Ventures.

Forcyte Biotechnologies, a drug discovery biotech company targeting mechanobiology diseases, raised $5.7 million in funding from investors including Milestone View, Pioneer Fund, Acequia Capital, Y Combinator and Jude Gomila.

Pluto, a stock market investing platform, raised a $4 million seed funding round led by Nadav Eylath’s at.inc.

Two Front, an orthodontics services startup, raised a $3.5 million seed funding round led by Craft Ventures.

Digiphy, a contextual marketing and commerce platform, raised $1.5 million in new funding from investors including Gaingels, M13, Builders & Backers, EYRIR Ventures and Sify Ventures.

Funds

Bonfire Ventures, an early-stage venture capital firm focused on B2B software startups, raised $230 million across two new funds: a $168 million third core fund, and a $63 million second opportunity fund.

Santa Barbara Venture Partners, a venture fund targeting software-as-a-service (SaaS) companies based predominantly in Southern California, closed its first, $11 million investment 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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Cadence

MyFitnessPal’s Tricia Han on How Cultural Understanding Strengthens Health Data

Spencer Rascoff

Spencer Rascoff serves as executive chairman of dot.LA. He is an entrepreneur and company leader who co-founded Zillow, Hotwire, dot.LA, Pacaso and Supernova, and who served as Zillow's CEO for a decade. During Spencer's time as CEO, Zillow won dozens of "best places to work" awards as it grew to over 4,500 employees, $3 billion in revenue, and $10 billion in market capitalization. Prior to Zillow, Spencer co-founded and was VP Corporate Development of Hotwire, which was sold to Expedia for $685 million in 2003. Through his startup studio and venture capital firm, 75 & Sunny, Spencer is an active angel investor in over 100 companies and is incubating several more.

Tricia Han
Image courtesy of Tricia Han

On this episode of Office Hours, MyFitnessPal CEO Tricia Han discusses her role revitalizing the company and redefining its mission during a time of uncertainty for the company.

“I love a good reboot,” she said. “Let me just say that. That's how I came to be at the company.”

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LA Tech ‘Moves’: Harbinger Taps Tesla Exec, REAL Messenger Gains Meta Director

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 ‘Moves’: Harbinger Taps Tesla Exec, REAL Messenger Gains Meta Director
LA Tech ‘Moves’:

“Moves,” our roundup of job changes in L.A. tech, is presented by Interchange.LA, dot.LA's recruiting and career platform connecting Southern California's most exciting companies with top tech talent. Create a free Interchange.LA profile here—and if you're looking for ways to supercharge your recruiting efforts, find out more about Interchange.LA's white-glove recruiting service by emailing Sharmineh O’Farrill Lewis (sharmineh@dot.la). Please send job changes and personnel moves to moves@dot.la.

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