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).

Subscribe to our newsletter to catch every headline.

Why Women’s Purchasing Power Is a Huge Advantage for Female-Led Leagues

Samson Amore

Samson Amore is a reporter for dot.LA. He holds a degree in journalism from Emerson College. Send tips or pitches to samsonamore@dot.la and find him on Twitter @Samsonamore.

Why Women’s Purchasing Power Is a Huge Advantage for Female-Led Leagues
Samson Amore

According to a Forbes report last April, both the viewership and dollars behind women’s sports at a collegiate and professional level are growing.

Read moreShow less
https://twitter.com/samsonamore
samsonamore@dot.la
LA Tech Week Day 5: Social Highlights
Evan Xie

L.A. Tech Week has brought venture capitalists, founders and entrepreneurs from around the world to the California coast. With so many tech nerds in one place, it's easy to laugh, joke and reminisce about the future of tech in SoCal.

Here's what people are saying about the fifth day of L.A. Tech Week on social:

Read moreShow less

LA Tech Week: Six LA-Based Greentech Startups to Know

Samson Amore

Samson Amore is a reporter for dot.LA. He holds a degree in journalism from Emerson College. Send tips or pitches to samsonamore@dot.la and find him on Twitter @Samsonamore.

LA Tech Week: Six LA-Based Greentech Startups to Know
Samson Amore

At Lowercarbon Capital’s LA Tech Week event Thursday, the synergy between the region’s aerospace industry and greentech startups was clear.

The event sponsored by Lowercarbon, Climate Draft (and the defunct Silicon Valley Bank’s Climate Technology & Sustainability team) brought together a handful of local startups in Hawthorne not far from LAX, and many of the companies shared DNA with arguably the region’s most famous tech resident: SpaceX.

Read moreShow less
https://twitter.com/samsonamore
samsonamore@dot.la
RELATEDEDITOR'S PICKS
Trending