Column: How iFoster Helped Save the Semester for College-Bound Foster Youth

Serita Cox

Serita Cox is the co-founder and CEO of iFoster, a nonprofit that aims to ensure that every child growing up outside of their biological home has the resources and opportunities they need to become successful, independent adults.

Column: How iFoster Helped Save the Semester for College-Bound Foster Youth

My first indication that COVID-19 was going to dramatically impact foster youth came on March 11 and it came from Los Rios Community College District, the second largest community college district in California, with over 75,000 students. The school sent an emergency email that they would be closing their four colleges and six educational centers, and moving to online classes for the rest of the semester. And they feared that many students, particularly foster youth, did not have the technology (laptops and an Internet connection) to make this change and risked failing their semester.


They were right, based on our experience of more than 10 years trying to connect youth in care to the things they need to succeed in school and in the workplace. In 2016, iFoster participated in a University of Southern California study that found that 95% of rural foster youth, and 79% of urban foster youth, did not have access to a computer and the internet where they live. Up until now, technology access was viewed as a "nice to have," but not necessary for foster youth to function in today's society.

March 11 changed that. Los Rios' email brought into stark focus that the relatively few foster youth who made it to college were at risk of failing and dropping out because they lacked the tools they needed. With only 8% of foster youth ever achieving a college degree, losing even one due to our failure to adequately provide for them is a travesty. We had to act.

iFoster co-founder and CEO Serita Cox

Photo: iFoster

In the 11 weeks of sheltering in place that soon followed, iFoster, John Burton Advocates for Youth, and the California Foster Youth Ombudsman's Office ran point on a mission to keep those youth connected, literally and figuratively. It involved almost 700 organizations and child welfare agencies, and resulted in the procurement and distribution of 6,630 smartphones and laptops.

This is the short version of how it all happened, and I hope it helps folks in other states plan for similar efforts this fall. If this can be done during stay-at-home orders in the country's most populous state, it can be done in any state, county or locality.

By the end of the day on March 11, we had the foundation of a plan figured out. We needed to start identifying college foster youth who needed the technology to survive academically, and then we needed to figure out how to pay for and actually acquire the phones and laptops, at a time when the demand for these was surging with every student in America basically learning from home.

The next day brought two big wins for this operation. First, California Community Colleges Chancellor's Office sent out directions to their 115 colleges that their foster youth would get the technology they need, and asked the administrations on those campuses to start getting rough estimates together for how many students qualified. This was the first of several key outreach efforts the got the ball rolling to actually define the universe of need.

Second, the philanthropic sector quickly got the importance of the goal here. Long-term funders of iFoster's digital divide programming – Foster Care Counts, Walter S. Johnson and Ticket to Dream – stepped up with the California Community Colleges Chancellor's Office, John Burton Advocates for Youth, California Wellness Foundation, LA Tech, Foundation for Community Colleges, Tipping Point, and a generous anonymous donor. These early investments were followed by an executive order from the Governor of California and public funding from California Department of Social Services

By March 13, initial forecasts started pouring in from community colleges across the state. On March 16, the first specific requests identifying individual foster youth students and their needs came in. Before the first schools closed, laptops and smartphones for foster youth began arriving on college campuses for distribution. All of this happened prior to the statewide shelter-in-place order issued by Gov. Gavin Newsom on March 19.

But many schools had already sent students home, and foster youth around the state were left to frantically figure out how to remain in class remotely and from afar. We needed to build a massive outreach machine that could through sheer volume find most of the youth in need around the state.

A member of Mira Costa Guardian Scholars program catalogs a shipment of laptops and phones for foster youth who will need them during the pandemic shutdown. Photo: iFoster

Key foster care organizations in California have been sharing resources and partnering on programs for years across child welfare, K-12 education and college. It was this foundation that was able to immediately react and invite new partners to the table to implement a plan.

College foster youth support programs like Guardian Scholars reached out to their students to identify need. County child welfare departments, including the Los Angeles County Department of Children and Family Services, tasked their county social workers and probation officers to review their caseloads and find out which of their youth needed tech. Foster care liaisons at school districts across the state did the same, as did foster family organizations, court appointed special advocates, transitional housing providers and independent living programs.

With the process of finding recipients underway and financial commitments lined up from foundations, corporations and eventually the state, we then had to go and acquire the phones and laptops. And with demand for these products skyrocketing because of school closures, this is where California's existing infrastructure for connecting foster youth to technology paid off.

iFoster has provided over 6,000 laptops to foster youth since 2012 funded by very committed philanthropy. In the fall of 2019, just prior to the pandemic, iFoster launched a pilot program with the California Public Utilities Commission to provide all current and former foster youth between 13 and 26 with a smartphone that included unlimited voice, text and data that operates as an internet hotspot.

Having those types of arrangements was critical to mobilizing in an emergency. We did not have to cold call on manufacturers to source and ship laptops and phones – we already know and work with some. We did not have to completely invent pots of funding – we could augment ones that already existed.

It was this combination of having an existing collaboration, as well as scalable iFoster laptop and internet programs, that allowed California to respond so quickly to the connectivity needs of foster youth when the pandemic hit.

While outreach took an army of thousands, the process of getting the right technology to each youth was centralized at iFoster. We are a small virtual organization of nine employees, and we had to staff up quickly.

Year two of our "TAY AmeriCorps program" – where we train and hire current and former foster youth to be peer resource navigators to other foster youth – was scheduled to start in March. We brought on 25 foster youth in the Bay Area and Los Angeles who we felt could work effectively from their homes.

TAY AmeriCorps member Jezabel works on iFoster's intake team, establishing a list of youth who will receive laptops and phones. Photo: iFoster

We work in teams. Our bilingual intake team answers phone, text and emails requests and ensures that every application has all the information required for approval. They hand off to our VAT team (verification, activation and tracking), which ensures there is no duplication in requests and validates with each youth or their caregiver the tech they need and their shipping address.

As foster youth move frequently, ordering and shipping devices happen within one business day of validation. Our ordering team works closely with our third party logistic company, Rakuten Super Logistics, who fulfills and ships orders. Rakuten manages inventory, order priority and shipping flow.

Phones require activation on the Boost telecom network, so our VAT team work feverishly to activate phones once they ship to ensure that every phone is ready to go when a foster youth receives them. Finally, our VAT team follows up with every recipient to provide shipping and tracking information and to ensure that every youth knows who to contact if they have any issues with their tech or with any other resources they may need.

Clear roles, responsibilities and standard operating procedures are critical. However, it is the dedication of a team of transition-age foster youth and their supervisors managing them virtually that make this work.

All told, this was a collaboration of 686 partners that included the state, 50 county child welfare departments, thousands of child welfare workers, college support teams, caregivers, mentors and foster youth themselves. We have collectively proven that bridging the digital divide for foster youth is a solvable problem, and one that can be replicated, before distance learning starts again this fall.

One of the thousands of current and former foster youth who received a phone through the partnership sent a photo of her new lifeline. Photo: iFoster

For those interested in stealing our playbook, I sincerely hope you do! We are planning to produce a more formal how-to guide on the project soon. But in terms of top-line recommendations, here are the four things to focus on…

Build off philanthropy: In this crisis, the first and fastest funding came from philanthropy. However, to achieve scale, sustainable funding must come from the public sector.

Diverse network to identify demand: Understanding who needs what is not an easy task. There is no centralized data system that tracks foster youth tech needs. However, every foster youth has their own support network they rely on.

Unlimited Data is Key: The phones and laptops are only as valuable as the hotspot. Without that element, it will be hard for many of our foster youth students to connect from where they are.

Centralized Distribution: It took a lot of partners to make this all work, but the actual process of receiving products and sending them out to youth had to be a tight operation with strict procedures in place.

This collaboration continues to grow, with government funding adding to philanthropy. Not only will college foster youth have the technology they need to distance learn for as long as they need, but we are well on our way to ensuring that every high school foster youth will also have the tech they need, and there is every indication that our K-8 foster youth students will as well. As of June 12, this partnership has connected a total of 7,599 foster youth from 51 counties with tech, and we are still serving between 500 and 700 youth every week.

Fall is coming and distance learning will be a reality again. We are confident that other states, counties and localities can replicate what we've accomplished in 11 weeks of COVID.

We at iFoster are here to help. We are willing to provide technical support to any team nationwide who wants to ensure their youth go back to school with the technology they need. We will share our standard operating procedures, documents, templates and provide intros or allow others to leverage the partnerships we have already built to device wholesalers and telecom partners.

This column first appeared in the Chronicle of Social Justice.

Serita Cox is the co-founder and CEO of iFoster, a nonprofit that aims to ensure every child growing up outside of their biological home has the resources and opportunities they need to become successful, independent adults.

Evotrex Raises $30M to Electrify the RV
Evotrex

🔦 Spotlight

Hello Los Angeles,

The RV has not changed much in decades: tow it, park it, plug it in and hope the campground has enough power. Evotrex is betting the next version should act less like a trailer and more like a mobile energy system.

Los Angeles-based Evotrex raised a $30M Series A, bringing its total funding to $46M, to accelerate production of its Evotrex-PG5 electric RV trailer. The round included participation from GSR United Capital, Forebright Concerto Capital, Unique Capital, Pegasus Capital, TTGG Ventures, ChunJia Capital, Thundersoft and other investors.

The PG5 is designed as both an RV and a mobile power platform, combining onboard power generation, energy storage and intelligent energy management in one off-grid trailer. In other words, Evotrex is not just selling a place to sleep outdoors. It is building a rolling power system for camping, remote work, events, mobile businesses and backup energy.

The timing lines up with a few bigger trends at once: EV adoption, off-grid travel, distributed energy and consumers treating vehicles as extensions of the home. That puts Evotrex at the intersection of several hard categories: vehicles, energy storage, consumer hardware and outdoor lifestyle.

The company plans to use the funding for final product development, automotive-standard testing and validation, and production preparation ahead of planned customer deliveries in 2027. Starting in Q4 2026, Evotrex expects to begin testing across towing, range, braking, lateral stability, structural durability, water exposure and regulatory compliance.

That testing phase matters. It is one thing to create a sleek prototype. It is another to build something that can be towed, powered, lived in and trusted far from a charging station or service center.

Evotrex says roughly 90% of its order book is for the fully loaded Premium trim, priced at $159,990, which it plans to prioritize for initial deliveries. That suggests early buyers are treating the PG5 less like a basic camper and more like a high-end mobile living product.

Now Evotrex has to prove the hardest thing in hardware: that the product works as well on the road as it does in the renderings.

More from this week’s LA startup and venture scene below.

🤝 Venture Deals

    LA Companies

    • Poetic raised a $50M Series A led by Kleiner Perkins to scale its enterprise AI automation platform. Formerly known as Forge, the company builds software that “learns like AI but runs like code,” helping automate complex, high-stakes business processes across areas like financial services, insurance, healthcare and other regulated industries. The funding will support product development, hiring and broader customer deployment. - learn more
    • Leaf Agriculture raised a $13M Series B led by Leaps by Bayer and a group of industry strategic investors. The agtech company helps agriculture businesses clean, structure and manage farm data from machinery, soil labs, weather stations, satellites and farm management systems so they can build AI tools and analytics on top of it. The funding will support Leaf’s push to become a core data infrastructure layer for agribusiness.. - learn more

    LA Venture Funds
    • UP.Partners participated in Coram AI’s $35M Series B, which was co-led by Ansa Capital and Battery Ventures, with additional backing from 8VC and Mosaic Ventures. Sunnyvale-based Coram AI turns existing security infrastructure, including cameras, badge readers, visitor logs and emergency systems, into an AI-powered physical security platform that helps organizations detect incidents, investigate footage and respond faster. The company has now raised $66M total and is deployed across more than 1,500 sites in North America. - learn more
    • Smash Capital participated in Digital Asset’s $355M funding round, which was led by a16z crypto and included backing from major financial institutions and investors including ADIA, Apollo Funds, BNP Paribas, Citadel Securities, Coinbase Ventures, HSBC, Polychain, SoFi, Tradeweb and others. Digital Asset is the creator of Canton, a public layer-one blockchain built for regulated financial markets, and will use the funding to expand Canton’s ecosystem across tokenization, settlement, payments, collateral mobility and other institutional finance workflows. - learn more
    • Alexandria Venture Investments participated in SonoThera’s oversubscribed $125M Series B, which was led by Vida Ventures and included backing from ARK Invest, CureDuchenne Ventures, Leaps by Bayer, Otsuka Pharmaceutical, UCB Ventures, Vivo Capital, ARCH Venture Partners, RA Capital and others. SonoThera is developing ultrasound-mediated, nonviral genetic medicines designed to deliver DNA and RNA payloads without traditional viral vectors, with the funding going toward advancing its lead programs in Duchenne muscular dystrophy and autosomal dominant polycystic kidney disease into the clinic. - learn more
    • Wavemaker 360 participated in Lium’s $5.5M seed round, alongside SJF Ventures, Reach Capital and GC&H Investments. Formerly known as Astromind, Dallas-based Lium is building an “agentic harness” that helps large language models work with complex scientific and industrial datasets, including satellite imagery, seismic surveys and electromagnetic spectrum analysis. The platform is designed to make messy, non-text data easier for scientists, engineers and industrial teams to query and analyze with AI. - learn more
    • Riot Ventures participated in Endurance Energy’s $54M Series A, which was led by Founders Fund with additional backing from Ascend, Construct Capital, Felicis Ventures, First Round Capital, Point72 Ventures and Voyager Ventures. Founded by former SpaceX engineer Andrew Redd, Endurance is developing subsea geothermal power plants designed to tap volcanic heat deep in the ocean and provide 24/7 clean energy for rising demand from AI data centers, EVs and heavy industry. The funding will support development of its power plant plans as the company grows its team. - learn more
    • Wavemaker 360 participated in 01Health’s $15M Series A, which was led by Gresham House Ventures, with follow-on backing from Balderton Capital and Eka Ventures. 01Health is building a healthtech platform that brings specialist care into local clinics through clinical protocols, specialist oversight, AI tools, patient communication and monitoring systems, with the funding supporting its UK rollout and U.S. market expansion. - learn more
    • Calibrate Ventures led Flux’s $5M funding round, with participation from existing investors True Ventures and Glasswing Ventures. Boston-based Flux is building a code-first engineering intelligence platform that analyzes code changes to give engineering leaders visibility into quality, security, technical debt and team dynamics as AI reshapes software development. The funding will support product development and go-to-market growth. - learn more
    • Village Global led MNX’s $6.4M pre-seed round, with participation from Finality Capital Partners, Cambrian, North Island Ventures, Relay Digital and angel investors. MNX is building a MegaETH-based decentralized futures exchange for the AI economy, with planned markets tied to AI company valuations, GPU compute prices, electricity costs, AI benchmarks and prediction markets. The company was valued at $40M in the round and plans to launch mainnet this summer. - learn more
    • Mantis Venture Capital participated in Sandstone’s $30M Series A, which was led by Lightspeed Venture Partners with additional backing from SV Angel, Operator Partners, Kearny Jackson, Daybreak Ventures and Litquidity Ventures. Sandstone is building AI-powered workflow automation for in-house legal teams, helping companies manage legal requests from tools like Slack, email and Jira while automating intake, triage, drafting, review and analysis. The round brings Sandstone’s total funding to $40M. - learn more
    • WndrCo participated in Idilio’s $5.5M seed round, alongside a16z Speedrun, Goodwater Capital, Precursor Ventures and other investors. Idilio is building an AI-powered microdrama platform for Spanish- and Portuguese-speaking audiences, producing short-form drama series at the intersection of telenovelas and vertical mobile video. The funding will support platform development, expanded content offerings and the launch of its Idilio Creators program. - learn more
    • Mantis Venture Capital and Village Global participated in Pogo’s $32M in funding to date, alongside investors including Josh Buckley’s Buckley Ventures, 20VC, Lenny Rachitsky and the founders of Honey. Pogo is launching an AI-powered consumer research platform built around purchase-verified buyers, helping brands run surveys, AI-moderated interviews and behavioral research using verified transaction, receipt, app usage and location data from its opted-in consumer network. The company says its app has more than 3M users and visibility into more than $470B in transaction value. - learn more
    • Mantis Venture Capital participated in EDGE Markets’ $29.2M Series A, which was led by CoinFund with backing from Indicator Ventures, Stepstone Group and Bullpen Capital. EDGE Markets builds financial infrastructure for gaming, crypto and prediction markets, and will use the funding to launch EDGE Pro, a banking platform for market makers, and EDGE Connect, a purpose-built payment rail for regulated gaming and prediction market operators. - learn more
    • MTech Capital participated in Finovox’s €8.2M Series A, which was led by TX Ventures and included backing from Auriga Cyber Ventures II, Start Ventures, Force Over Mass and FDJ UNITED Ventures. Paris-based Finovox builds AI-powered document fraud detection software for financial services, insurance and other regulated industries, and will use the funding to expand across Europe, strengthen its technology and grow its team. The company says it now serves more than 70 organizations across 15 countries. - learn more

    LA Exits

    • RiskFront AI was acquired by K2 Integrity, bringing its agentic AI platform for financial crime compliance and risk operations into K2’s broader risk, compliance, investigations and monitoring business. RiskFront AI’s platform, Airos, automates research, transaction analysis and document processing to reduce manual work across financial crime and compliance workflows. Financial terms were not disclosed. - learn more
    • LevPro was acquired by Octus, bringing its front-office software for CLO, broadly syndicated loan and private credit managers into Octus’ credit intelligence platform. LevPro will join Sky Road to help create an integrated AI-powered platform spanning market intelligence, investment analytics, trade workflows, portfolio management and monitoring. Financial terms were not disclosed. - learn more

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      Apex Hits $2.3B Valuation as Satellite Demand Grows

      🔦 Spotlight

      Happy Friday LA,

      The space economy does not just need more rockets. It needs more spacecraft that can be built quickly, reliably and at scale.

      Los Angeles-based Apex announced more than $200M in new growth funding, nearly doubling its valuation to $2.3B just months after crossing the $1B mark. The round was led by Glade Brook Capital Partners and co-led by Washington Harbour Partners, with support from new and existing investors.

      Apex builds productized, configurable satellite bus platforms for commercial and government customers. In simpler terms, it manufactures the core spacecraft infrastructure that carries payloads for missions ranging from remote sensing and communications to in-space power generation and national security architectures.

      The company is using the funding to expand its high-rate satellite manufacturing campus, vertically integrate more key subsystems and manufacture platforms ahead of customer demand. That last part is important: Apex is betting that satellite production needs to look less like one-off aerospace engineering and more like scalable, repeatable manufacturing.

      The timing makes sense. Launch has gotten faster and more available, but spacecraft production remains one of the industry’s biggest constraints. If proliferated constellations are going to become central to commercial and national security missions, the market needs suppliers that can build reliable satellites at industrial scale.

      Image Source: Apex

      Apex says its Factory One facility in Los Angeles can produce more than 200 satellites per year at peak production. The company is also expanding the campus with an additional 30,000 square feet of space and has grown to more than 350 employees, more than doubling its team over the past year.

      The company is also moving deeper into defense. Apex recently announced a collaboration with Northrop Grumman tied to scalable space-based interceptor capabilities for the U.S. Space Force, and its Nova 1 platform is expected to host Project Shadow, a commercially led on-orbit demonstration for space-based interceptor technology.

      That is the business Apex is trying to build: not custom spacecraft one mission at a time, but a repeatable satellite manufacturing operation that can keep pace with demand from commercial and government customers. If it works, Apex becomes less of a traditional aerospace contractor and more of a spacecraft production line for the proliferated constellation era.

      Now onto this week’s LA venture deals, fund announcements and acquisitions.

      🤝 Venture Deals

        LA Companies

        • Alfred, a Hawthorne-based stealth startup building software for robots, cars and other physical AI systems, is backed by investors including Chapter One, Khosla Ventures, SV Angel and Sam Altman’s Hydrazine Capital. Co-founded by former Tesla designer Ankit Ukil and former Meta engineer Dömötör Gulyas, the company is reportedly seeking funding at a $40M valuation as it develops tools to help robotics and automotive teams shorten R&D cycles and accelerate manufacturing. - learn more
        • California Naturals closed a Series B funding round led by Align Ventures to support continued growth across major retailers including Target, Ulta Beauty and CVS. The clean personal care brand also named Hayden Hiatt as CEO as it expands its hair, body and everyday essentials business. - learn more
        • Redondo Beach-based Impulse Space raised a $500M Series D co-led by 137 Ventures and BANNER VC, bringing the company’s total funding to more than $1B. Founded by SpaceX alum Tom Mueller, Impulse is building in-space mobility infrastructure, including spacecraft and propulsion systems that help satellites and payloads move after launch. The new funding will support hiring and manufacturing growth as the company scales to meet demand across commercial, civil and government space missions. - learn more
        • Just Women’s Sports closed a new seven-figure investment round led by Bolt Ventures, with returning investors including Starry Eyed Tomorrow, Rise of the Rest Seed Fund, Blue Pool Capital and OVO Fund. The women’s sports media company, founded by Haley Rosen, plans to use the capital to expand news and content operations, grow its team and invest in athlete-led programming. - learn more
        • GammaTime, a microdrama streaming app, received a minority investment from Versant Media Group as part of its Series A round. The company produces short-form, mobile-first scripted series and will work with Versant to develop original projects using select entertainment IP and creative resources from the media company. Financial terms were not disclosed. - learn more

        LA Venture Funds
        • Pinegrove Venture Partners participated in Ramp’s $750M Series F, which valued the fintech company at $44B. Ramp’s financial operations platform has expanded beyond corporate cards and expense management into payments, procurement, vendor management, accounting automation and AI-powered spend management. The company said its total purchase volume grew roughly 170% year-over-year in March 2026. - learn more
        • Alpha Edison participated in Oxford Quantum Circuits’ $350M Series C, which was led by Bullhound Capital and included backing from the British Business Bank, COFIDES, Fulcrum Asset Management, Pentland Ventures, Oxford Science Enterprises, Chevron Technology Ventures and others. The U.K.-based company builds and operates superconducting quantum computers for enterprise, government and research customers, with the funding going toward international expansion and continued development of its quantum computing roadmap. The round is described as Europe’s largest private funding round for a quantum computing company. - learn more
        • Patron participated in Board’s $20M Series A, which was led by Union Square Ventures, with additional backing from Raine Ventures, Lerer Hippeau, Expa, 25madison, Red & Blue Ventures, Day One Ventures and others. New York-based Board is building a face-to-face gaming console and AI-powered creator platform that lets people play and make tabletop-style games together, with the funding going toward its upcoming Board Studio creation tools and broader expansion beyond hardware. - learn more
        • Pinegrove Venture Partners participated in Layup Parts’ $42M Series A, which was led by Marlinspike, with backing from Cerberus Ventures and existing investors Founders Fund, Lux Capital and Haystack. Huntington Beach-based Layup Parts is building a software-driven manufacturing platform for custom composite parts, aiming to make carbon-fiber and fiberglass components faster, easier and cheaper to source. The company plans to use the funding to grow its team, expand capacity and move into a larger facility as demand grows across aerospace, defense and other advanced manufacturing markets. - learn more
        • Overture Ventures participated in Atana Elements’ $27.5M seed round, which was led by Lowercarbon Capital with backing from Borusan Ventures, Earthshot Ventures, Redwoods Climate Capital, Sunna Ventures, Verve Ventures, Volta Energy Technologies, WovenEarth and others. Atana uses AI, machine learning and oil-and-gas-style subsurface expertise to identify and develop flowing critical mineral systems, including lithium brines, hydrogen, helium and emerging copper and uranium extraction opportunities. The company says it has already secured positions estimated to contain more than 100M tonnes of Lithium Carbonate Equivalent across the EU and Americas. - learn more
        • Bedrock Capital participated in Mach Industries’ $300M Series C, which was led by Infinite Capital and Ribbit Capital and valued the Huntington Beach defense tech company at $1.8B. Mach builds advanced unmanned defense systems, including platforms for strike, surveillance and counter-drone use, and plans to use the funding to expand manufacturing, advance second-generation systems and grow its Forge manufacturing network. The round comes shortly after Mach acquired Exquadrum, now Mach Energetics, to strengthen its propulsion and vertically integrated production capabilities. - learn more
        • Strong Ventures participated in Unastella’s $24M Series B, which was led by Altos Ventures and also included Korea Development Bank, Hana Ventures and others. The Seoul-based rocket company is developing launch vehicles and engines for small satellite launch services, with a longer-term goal of crewed suborbital spaceflight. Unastella has now raised $44M total and plans to use its upcoming UNA EXPRESS-II launch to further validate its technology and commercial roadmap. - learn more
        • Connect Ventures co-led Sekai’s $20M Series A alongside Khosla Ventures, with participation from a16z Speedrun, Mayfield, A, MVP Ventures, 359 Capital, Parable VC* and 645 Ventures. Sekai is building an AI-powered platform that lets users create, remix and share mini apps through text prompts, with the new funding going toward expanding its engineering and product teams. The company has raised $26M across its seed and Series A rounds. - learn more
        • Shamrock Capital Advisors participated in a strategic growth investment in CardsHQ, alongside EnOne Ventures, bringing CardsHQ and Sports Card Investor together under one company. The combined platform will operate as CardsHQ and span sports cards, trading card games, retail, e-commerce, live breaking, content, data and technology, including Sports Card Investor’s media network and the Market Movers pricing and collection tracking platform. The funding will support new retail locations, expanded live events, broader inventory and further development of collector-facing tools. - learn more

        LA Exits

        • Catalina Capital Group, a fee-only RIA based in Torrance, was acquired by CW Advisors, giving the Boston-based wealth management firm its first Southern California office. Catalina brings about $655M in assets under management, and the deal expands CW Advisors’ national footprint to 24 offices and more than $16B in client assets. Financial terms were not disclosed. - learn more
        • adMixt, a performance marketing agency known for its proprietary technology and expertise across Meta, Google, TikTok and other digital platforms, was acquired by Interluxe Group. The deal expands Interluxe’s luxury marketing platform by adding paid search, paid social, performance creative, API integrations and advanced analytics capabilities for premium lifestyle and luxury brands. Financial terms were not disclosed. - learn more

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          Observable Space Raises $90M to Build Beyond Rockets

          🔦 Spotlight

          Hello Los Angeles,

          Space infrastructure is having a week.

          Los Angeles-based Observable Space closed a $90M Series A and announced a $94M U.S. Space Force contract to scale its optical sensing and laser communications platforms. The round was led by Lux Capital and co-led by Upfront Ventures, Detroit Venture Partners, Island Green Capital and RTX Ventures, with participation from BRV Capital, Fathom Fund and Venrex.

          Observable Space is building advanced optical systems across three areas: laser communications ground stations, ground-based optical sensing and in-space payloads. In simpler terms, the company is working on the infrastructure that helps satellites and spacecraft see, track, navigate and communicate more effectively.

          Image Source: Observable Space

          The Space Force contract gives Observable Space an early $22M in task orders under a larger $94M award to deploy mobile, off-grid optical sensing stations for space domain awareness. These systems are designed to help track objects in orbit with more resilient, lower-cost and geographically distributed ground infrastructure.

          That matters because space is getting more crowded, more commercial and more strategically important. Satellites are no longer just sitting quietly above us handling GPS, weather and communications. They are becoming part of a much larger network for national security, AI, connectivity and future space-based infrastructure.

          Observable Space’s work sits in the less flashy, but increasingly critical layer of the space economy. Rockets may get the liftoff footage, but the next phase of space competition will also depend on who can track what is in orbit, move data quickly and keep communications reliable from space to ground.

          The company says its platform has already executed 2.6M automated tasks, identified more than 20M targets and completed 84,000 hours of continuous orbital monitoring. It is also expanding manufacturing across Detroit and Los Angeles, with spacecraft, engineering and design labs based in LA.

          For Southern California’s space ecosystem, Observable Space adds another signal that the region’s advantage is not just launch. It is the full stack around space: optics, software, sensing, communications, payloads and the infrastructure needed to make orbit more usable.

          Now onto this week’s LA venture deals, fund announcements and acquisitions.

          🤝 Venture Deals

            LA Companies

            • Fragrance brand ’Ôrəbella closed a Series A growth equity investment led by Silas Capital, with participation from existing investor Celebrands, which incubated the brand. The funding will support global expansion, product innovation and retail growth as ’Ôrəbella scales beyond its Ulta Beauty base into international markets including Douglas, Selfridges and Ulta Beauty Middle East. The company also named Anish Agarwal, formerly CEO of T3 Micro, as CEO. - learn more
            • Ember LifeSciences added new strategic investments from Amgen Ventures and TDF Ventures, bringing its total Series A funding to $27M. The company makes reusable, temperature-controlled cold chain technology for transporting medicines and vaccines, and recently announced full commercial availability of its Ember Cube 2, which provides real-time monitoring and cloud-based tracking for healthcare logistics. Financial terms of the new investments were not disclosed. - learn more
            • Iconic raised $6M to build its AI-enabled M&A advisory platform for small business owners. The company combines AI software with human advisors to help owners sell businesses that are often too small for traditional investment banks to support, especially those valued under $20M. Iconic is aiming to modernize the small-business sale process as millions of baby boomer-owned businesses prepare to change hands. - learn more

            LA Venture Funds
            • Capital Group participated in Anthropic’s $65B Series H, which was led by Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital, valuing the company at $965B post-money. Anthropic said the new funding will support continued AI safety research, expanded compute capacity and broader product development as demand for Claude grows across enterprise customers and developers. - learn more
            • WndrCo participated in Reactor’s $59M seed and Series A funding, which was led by Lightspeed Venture Partners with backing from Amplify Partners, Sky9 Capital, FPV Ventures and others. San Francisco-based Reactor is building a developer platform for real-time generative video and “world models,” giving developers SDK and API access to create interactive AI applications across media and entertainment, physical AI and robotics. The company was co-founded by former Apple Vision Pro technical leads Alberto Taiuti and Bryce Schmidtchen, and WndrCo founding partner Jeffrey Katzenberg will join as a board observer. - learn more
            • Upfront Ventures led Kubera Health’s $6.5M seed round, with participation from Company Ventures, Dria Ventures and SemperVirens. Kubera is building a contract-to-payment system of record for healthcare, helping providers translate complex payer contracts into auditable payment logic so they can better identify underpayments, reimbursement gaps and administrative inefficiencies. The funding will support product development and growth as the company works to modernize healthcare’s payment infrastructure. - learn more
            • Sound Ventures participated in Polsia’s $30M round, alongside True Ventures, Offline Ventures, Adjacent, Tekton Ventures, Drysdale Ventures, VaynerFund and angel investors. Polsia is building an AI operations platform designed to run company workflows across coding, research, sales, customer support, ads and investor diligence, with founder Ben Cera saying the company is approaching $10M in annual run rate with one founder and no employees. The round valued Polsia at $250M. - learn more
            • Blue Bear Capital participated in Lastwall’s $16M Series A extension, which was led by BDC Capital’s StrongNorth Fund, with additional backing from New Brunswick Innovation Foundation, Frostbite Capital, BlueWing Ventures and 18West. Fredericton-based Lastwall builds identity-first, quantum-resilient cybersecurity software for defense, government and critical infrastructure environments, with the funding going toward expanded deployment across North American municipal utilities, defense infrastructure and public sector cloud portals. - learn more
            • Upfront Ventures participated in Itera’s $12M seed round, alongside Costanoa Ventures and Colle Capital, as the deep tech company emerged from stealth with its real-time electronics prototyping platform. Itera has developed a fluid circuit board that uses glass and liquid metal to let engineers rewire and test real electronic designs in under a minute, aiming to cut traditional PCB prototyping cycles from weeks to days. The funding will support the launch and commercialization of its first product. - learn more
            • Rebel Fund participated in Didit’s $7.5M seed financing, alongside Y Combinator, Pioneer Fund, Orange Collective, Founders Future, Phosphor Capital, SaaSholic and angel investors including Tomer London and Taro Fukuyama. San Francisco-based Didit is building AI-native identity and fraud infrastructure for verifying people, businesses, wallets, transactions and AI agents, with the new funding going toward global go-to-market growth, product expansion and hiring across sales and customer success. - learn more
            • Fifth Wall participated in NavigateAI’s $25M seed round, which was led by Elad Gil and backed by investors including Khosla Ventures, Lennar, Tishman Speyer and Helix Electric. Founded by Opendoor co-founder Eric Wu, NavigateAI is building an AI coach for construction workers that helps answer job-site questions, troubleshoot issues and improve field productivity across construction teams. - learn more
            • Strong Ventures participated in K-Zone’s 6.3B won Series B, alongside TimeWorks Investment, BonAngels Venture Partners and Singapore-based Guardian Fund. K-Zone is building a global reverse logistics platform for returned, overstocked and obsolete inventory, using its REMEX platform and AI agents to automate buyer matching, deal proposals, sales workflows and market analysis as it expands further into the U.S. market. - learn more

            LA Exits

            • Comscore Movies, the box office data business used by studios and exhibitors to track theatrical performance, was acquired by Advaya Capital in a $70M cash deal. The business will be renamed Rentrak, reviving the brand Comscore acquired in 2016, and former Paramount domestic distribution chief Chris Aronson will join the board. - learn more

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