At Its El Segundo Innovation Lab, EVgo Tries to Predict the Future of Car Charging

Zac Estrada

Zac Estrada is a reporter covering transportation, technology and policy. A former reporter for The Verge and Jalopnik, his work has also appeared in Automobile Magazine, Autoweek, Pacific Standard, Boston.com and BLAC Detroit. A native of Southern California, he is a graduate of Northeastern University in Boston. You can find him on Twitter at @zacestrada.

At Its El Segundo Innovation Lab, EVgo Tries to Predict the Future of Car Charging
The fastest electric car charging stations can replenish a battery from empty in about an hour. As carmakers from Volvo to Tesla race to make charges speedier and more powerful, the next 10 years mean added pressure on charging stations, from the plugs in homes to the stands at supermarkets.

But it's a delicate dance for the companies responsible for those chargers. Overheating and degradation has plagued some models over the last decade, and even Tesla has reduced the charging speed on some of its cars based on battery health and how often fast charging was used.

"The majority can't take more than a 50 kW per hour charging, and the charge rate doesn't stay at that and declines even more as the battery heats up," said Ivo Steklac, chief operations and technology officer of EVgo, one of the predominant electric vehicle charging companies in the U.S. "In order to manage this intelligently, we didn't think it was wise to dedicate this level of charger to vehicles when the majority of them can't take it."

With EV technology evolving at such a rapid clip, EVgo is grappling to make sure its charging stations are outfitted to handle the newest and most powerful electric cars. The company has been pouring resources into figuring out not only where and how many chargers should be placed across the country, but also issues that users might face when pulling up to a station to get some juice for their car. In April it opened a 4,000 square-foot Innovation Lab in El Segundo.

Engineers there are trying to work out a number of hardware, software and logistics problems — some of which exist now, and some that might become apparent later, as batteries get bigger and vehicles can charge more quickly to eventually replace the lines at gas stations.

EVgo, which went public July 2 after an SPAC merger with Climate Change Crisis Real Impact I Acquisition Corp. now has more than 800 chargers dotted across the U.S. as the Biden administration tries to jumpstart an electric vehicle revolution. But the market share remains small as Americans groan about range and access to car chargers.

"We created this lab to do a number of tests, from electric to physical and mechanical," said Steklac. "EV manufacturers are placing their charging ports in all sorts of places on the cars so they can reduce the length of wiring for these very high-powered cables."

It follows, then, that one of EVgo's tests at the lab includes a cable reach analysis to figure out not only an acceptable length for a charging cable, but also a manageable weight for not only the average driver, but shorter people or those with disabilities. EVgo wants to banish problems like pulling up to a gas pump when the car's fuel door is on the opposite side.

EVgo's lab engineers are also busy considering EV charging times. When the company was first installing chargers a decade ago, a charging rate of 50 kilowatts per hour was considered more than sufficient for drivers. Today's Tesla's Superchargers have a 120 kWh rate, while Volkswagen-owned Electrify America is building stations with 350 kWh-capable chargers. But only a few EVs on sale now can handle that charge rate, so Steklac said its chargers have to allow for significant disparities between vehicles.

Similarly, EVgo is looking at how extensive fast charging affects the longevity of an EV's battery pack.

"The majority (of models) can't take more than a 50 kW per hour charging, and the charge rate doesn't stay at that and declines even more as the battery heats up," Steklac said. "In order to manage this intelligently, we didn't think it was wise to dedicate this level of charger to vehicles when the majority of them can't take it."

Steklac said designing the next generation of chargers to go with the next generation of electric vehicles is becoming important as the market becomes less of a niche. EVgo's CEO Cathy Zoi said during the company's Wall Street debut that the EV market in the United States is estimated to grow from just over 1% share of the passenger car segment in 2020 to more than 10% by 2030, just before state mandates like California's go into effect for new vehicle sales.

Even without the Biden administration's 500,000 EV charger pledge, Steklac believes there needs to be 50,000 stations just to support the existing market. And that doesn't even include commercial vehicles, ride sharing services like Uber and Lyft or buses and postal delivery vans that are high on the White House's list to electrify.

EVgo's automaker partnerships currently extend to General Motors and Nissan, both of which sell EVs in the U.S., and are about to introduce new, longer-range models. The charging company touts its network as the largest for fast chargers in the country, with 800 stations across 34 states.

In California, Steklac said electric car hotbeds Los Angeles, San Diego and the San Francisco Bay areas are well-served, but acknowledges there are gaps in the infrastructure. He said the innovation lab uses an algorithm and purchase data to determine where EV owners live to determine where to put new charging stations.

Shopping and entertainment centers are EVgo's target for fast charging hubs right now. Kroger and Whole Foods are among its grocery store partners, too.

"The average American goes to the grocery store twice a week and spends 30 to 45 minutes there," Steklac said. "We target those, we target pharmacies, fast casual restaurants where you spend an hour or less. These include malls and parking garages, particularly in urban areas."

Steklac said the company is also talking with regional transit agencies, as well as Amtrak where there are EVgo charging stations at Washington, D.C.'s Union Station, because he said the mentality is still to "partner with anyone and everyone" in this still-early EV era.

Because while automakers and analysts expect home stations to be the way most EV owners will charge their vehicles in the long term, Steklac said that won't be the solution for every household and won't allow for the electrification of vehicles as quickly as lawmakers want. That's why the teams at the Innovation Lab have plenty of work to do over the next decade.

"Public charging is there to augment if you have home charging, but it's there to be a reliable source if you don't," Steklac said.

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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