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

Decerry Donato

Decerry Donato is dot.LA's Editorial Fellow. Prior to that, she was an editorial intern 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

Regard Raises $15M for AI-Powered Software That Help Doctors Diagnose Patients

Decerry Donato

Decerry Donato is dot.LA's Editorial Fellow. Prior to that, she was an editorial intern 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.

Regard Raises $15M for AI-Powered Software That Help Doctors Diagnose Patients
Courtesy of Regard

Culver City-based health care startup Regard, which uses AI-driven software to help physicians accurately diagnose patients, has raised $15.3 million in Series A funding.

Pasadena-based Calibrate Ventures and Colorado-based Foundry Group led the investment in Regard, formerly known as HealthTensor. Other investors that participated in the round include TenOneTen Ventures, Susa Ventures, Brook Byers of Byers Capital and Dropbox CEO Drew Houston. The new funding will be used to grow Regard’s team and customer base, the company said in a press release.

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This Week in 'Raises': Regard Secures $15M, MaC Venture Capital Raises $203M for Second Fund

Decerry Donato

Decerry Donato is dot.LA's Editorial Fellow. Prior to that, she was an editorial intern 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.

This Week in 'Raises': Regard Secures $15M, MaC Venture Capital Raises $203M for Second Fund
Image by Joshua Letona

This week in “Raises”: A local healthcare startup secured funding to help grow the team and deploy its software to more physicians and hospitals, while Black-led, seed-stage venture capital firm surpassed its goal for its second fund.

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How Braid Theory Plans to Build the Blue Economy from the Port of LA

Keerthi Vedantam

Keerthi Vedantam is a bioscience reporter at dot.LA. She cut her teeth covering everything from cloud computing to 5G in San Francisco and Seattle. Before she covered tech, Keerthi reported on tribal lands and congressional policy in Washington, D.C. Connect with her on Twitter, Clubhouse (@keerthivedantam) or Signal at 408-470-0776.

How Braid Theory Plans to Build the Blue Economy from the Port of LA
Photo courtesy of the Port of Los Angeles.

San Pedro-based Braid Theory is one of the growing number of accelerators in the country looking to grow the so-called blue economy, which spans a range of ocean-related industries and is estimated at $2.5 trillion a year.

The accelerator is accepting online applications until July 18, with its second-ever program kicking off in August.

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