This Week in ‘Raises’: Metropolis Lands $167M, Alpha Edison Seeks $340M for New Fund

Kristin Snyder

Kristin Snyder is an editorial intern for dot.la. She previously interned with Tiger Oak Media and led the arts section for UCLA's Daily Bruin.

Raises
Image by Joshua Letona

In this week’s edition of “Raises”: a local fintech startup raised $167 million to make it much easier to pay for parking spots, while software startups in Santa Barbara and Irvine also landed large funding rounds.


Venture Capital

Metropolis Technologies, an L.A.-based fintech and “mobility commerce” platform, raised a $167 million Series B funding round co-led by 3L Capital and Assembly Ventures.

Overair, a Santa Ana-based electric vertical take-off and landing (eVTOL) aircraft startup, raised a $145 million investment from Hanwha Group.

Invoca, a Santa Barbara-based AI software platform, raised an $83 million Series F funding round led by Silver Lake Waterman.

Performio, an Irvine-based sales commission software company, raised a $75 million growth investment led by JMI Equity.

Moleaer, a Carson-based agriculture technology startup, raised a $40 million Series C financing round led by Apollo Global Management.

C-Zero, a Santa Barbara-based clean energy company focused on natural gas decarbonization, raised a $34 million financing round led by SK Gas.

Tango, an L.A.-based platform that streamlines process documentation, raised a $14 million Series A funding round led by Tiger Global Management.

XENDEE, a San Diego-based software provider for distributed energy resources planning and operation, raised $12 million in Series A financing led by Anzu Partners.

Tellie, an L.A.-based sitebuilder for Web3creators, raised a $10 million Series A funding round from investors including Malibu Point Capital, Galaxy Digital, Osage Venture Partners, Dapper Labs, SXSW Innovation Fund and Gaingels.

Saysh, Olympic track and field athlete Allyson Felix’s L.A.-based lifestyle brand, raised an $8 million Series A funding round led by IRIS Ventures and Athleta.

Funds

Alpha Edison, a Westwood-based venture capital firm, is looking to raise $340 million for its third fund, per an SEC filing.

Kairos Ventures, a Beverly Hills-based early-stage venture capital firm investing in life sciences startups, raised $58 million for its third 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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Braid Theory's Plan to Foster the Next Generation of Ocean Tech Startups

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.

Braid Theory's Plan to Foster the Next Generation of Ocean Tech Startups
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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