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XFashion Tech Works Opens New Coworking Space for Emerging Designers
Decerry Donato is a reporter at dot.LA. Prior to that, she was an editorial fellow at the company. Decerry received her bachelor's degree in literary journalism from the University of California, Irvine. She continues to write stories to inform the community about issues or events that take place in the L.A. area. On the weekends, she can be found hiking in the Angeles National forest or sifting through racks at your local thrift store.
For Cindy Keefer, CEO of Fashion Tech Works, sustainability has always been a way of life. The woman behind Downtown Los Angeles’ new coworking incubator for designers and artists grew up a far cry from Hollywood, on an organic farm in Wisconsin.
“I've been an environmentalist since I was born,” said Keefer, a vegetarian since childhood. “So for me, I never had a breakthrough moment.”
Sustainability is at the heart of Fashion Tech Works’ mission: The incubator is particularly interested in giving a home to designers and technologies “that improve the sustainability of apparel design and production,” according to its website.
“The passion is just so alive that I could actually change the trajectory of apparel manufacturing, to be sustainable and clean,” Keefer told dot.LA. “I want to be that hub for these young designers who want to make a difference,” Keefer said.
Earlier this month, the third floor of The New Mart in Downtown L.A. was bustling with designers and models preparing for Art Hearts Fashion, an annual Los Angeles Fashion Week event for local designers. Keefer partnered with Art Hearts to host a “fashion hub” that gave young talents the opportunity to network with brands like Doc Martens and Bellaria, as well as industry veterans like Condé Nast Latin America senior editor José Forteza.

“There's a void in the fashion program in Los Angeles, especially,” Art Hearts founder Erik Rosete said. A designer and long-time attendee of fashion weeks in Milan and Paris, Rosete noticed L.A. Fashion Week’s lack of a space for people to meet designers and get a hands-on experience of the clothing being showcased on the runway.
“It was very natural and synergistic that the partnership happened, because it created the opportunity to fill the void in L.A. Fashion Week,” he told dot.LA.
In 2015, Keefer and her husband Tom hosted Melange, a fashion tech conference held at The New Mart. The panelists included Liz Heller of TOMS shoes, Ashley Crowder of VNTANA and Kristine Upsuleja of Madison Innovative Materials, whom Keefer considers innovators in the fashion space.
During the first five years after the Melange conference, Keefer and her husband laid the groundwork for their business and created strong relationships with founders of other fashion incubators like Arizona-based FABRIC. Keefer used the pandemic as an opportunity, accepting a small business grant from the government which she used to launch Fashion Tech Works.
What was once storage space for The New Mart is now Fashion Tech Works’ incubator and coworking space, equipped with a content creation studio, events spaces and private offices.
Among the designers who showcased their work at the Art Hearts Fashion Hub was Symone Carter, designer of Le Mo’ney and a member of Fashion Tech Works.
“I just needed to be somewhere where I can get creative and meet other creatives,” Carter said. “I stumbled upon Fashion Tech Works on Instagram, set up an appointment to do a walkthrough and fell in love with it that first day.”

Each designer is required to have a fashion degree to become a member. There are three different tiers: silver ($60 per month), which is a remote membership that has access to the space two days out of the week; gold ($95), which includes daily access to the building; and premium ($750), which provides the designer with a private office space, access to the content creation studio for six hours a month and an opportunity to showcase their line on the runway.
Designers who become Fashion Tech Works members will receive the support of both FABRIC and garment producer Lefty Production Co. and access to the ORB360 machine, a 3D photographic technology that offers a 360-degree view on models. Keefer said Fashion Tech Works is also collaborating with other companies that focus on photographic printing, digital layouts, and cutting; she did not name those companies but said partnerships will be announced soon as negotiations are being finalized.
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Decerry Donato is a reporter at dot.LA. Prior to that, she was an editorial fellow at the company. Decerry received her bachelor's degree in literary journalism from the University of California, Irvine. She continues to write stories to inform the community about issues or events that take place in the L.A. area. On the weekends, she can be found hiking in the Angeles National forest or sifting through racks at your local thrift store.
Gaming Content Creation Group FaZe Clan to Go Public With $1 Billion Valuation
FaZe Clan, the Los Angeles-based esports team owner and collective of gaming influencers, will go public through a merger with a special-purpose acquisition company valued at $1 billion, as it expands its gaming brand and eyes original content for streaming services like Netflix.
Launched in 2010, FaZe built a business creating esports teams (it now has 30 esports championships under its belt) and went to develop some of the most prominent gaming influencers in the U.S. The company courts younger audiences through brand partnerships with Gfuel, McDonald's, Totino's Pizza Rolls and hot names in merch like Bearbrick and Ethika.
The company said it reaches 350 million followers through its social media.
FaZe's chief financial officer Amit Bajaj said during a Monday investor call that FaZe expected its sales this year would be roughly $50 million, but now believes FaZe's revenue will rapidly outpace that in coming years following the merger as it delves even deeper into the influencer economy.
"We have a vast network of influence, and we are positioned at the intersection of how Gen Z consumes content and how they transact and engage with that content," FaZe Clan CEO Lee Trink said during an investor call Oct. 25.
B. Riley's SPAC company B. Riley Principal 150 Merger Corp plans on merging with FaZe Clan. The deal will give FaZe Clan access to $120 million in capital through a private investment in public equity (PIPE) that's associated with the blank check company.
In addition, the Wall Street Journal reported the SPAC, a shell company set up to take a startup public, had $170 million that FaZe Clan could access — but that number could fall if investors withdraw ahead of the merger. SPAC arrangements have skyrocketed in the recent year as companies look for access to quick capital.
The merger must still be voted on by shareholders but when complete, FaZe will trade on the NASDAQ under the ticker symbol "FAZE." When the deal is complete, the SPAC will be renamed FaZe Holdings Inc.
FaZe knows the power courting celebrities has when it comes to bringing in new, younger audiences. Singer Pitbull is an investor in FaZe Clan, and in recent years the company has sought out sports pros to join its ranks as esports influencers, including Ben Simmons, Kyle Murray and LeBron James' son Bryce James, also known as Bronny.
In addition to repping the brand, many of FaZe Clan's influencers stream gameplay and post regular video blog updates of their lives in FaZe's lavish creator mansion in Los Angeles.
Trink said partnerships like the one with artist Takashi Murakami to create jerseys and other merchandise has been lucrative, bringing in nearly $1 million in mouse pad sales in one day.
B. Riley SPAC CEO Dan Shribman told the Journal FaZe is "very different than a lot of other explosive growth companies," because it can rapidly expand the brand digitally without spending much money.
"We're starting to move beyond social channels and develop original IP, providing us with opportunities to expand our platform into premium distribution channels, such as Netflix and HBO," Trink told investors on Monday. "We're also expanding into new content formats like podcasts, music (and) live."
Trink also said FaZe is looking to acquire other companies that create content or direct-to-consumer goods as it grows its business. "We believe that M&A (mergers and acquisitions) will be an important and value enhancing element of our strategy and have a very significant pipeline of opportunities we are currently evaluating," Trink said.
What is a SPAC? www.youtube.com
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Samson Amore is a reporter for dot.LA. He holds a degree in journalism from Emerson College. Send tips or pitches to samsonamore@dot.la and find him on Twitter @Samsonamore.
This Torrance Startup Just Raised $1B to Mass-Produce Hypersonic Missiles
🔦 Spotlight
Happy Friday, Los Angeles.
Castelion has spent the past four years trying to prove that hypersonic missiles do not need to take decades to develop or cost so much that the military can only afford a limited supply.
Now comes the harder part: producing them at scale.
The Torrance-based defense startup raised a $1B Series C at a $13B valuation. The financing includes $800M in equity and a $250M revolving credit facility, making it one of the largest recent raises for an LA defense technology company.
JPMorganChase’s Strategic Investment Group, Andreessen Horowitz and Carlyle co-led the round. Lightspeed Venture Partners, Lavrock Ventures, Altimeter, General Catalyst, T. Rowe Price and LA-based Interlagos Capital also participated.
Castelion will use the capital to ramp production of Blackbeard, its low-cost hypersonic strike missile, while developing a longer-range precision weapon and new defensive systems. Hundreds of millions of dollars will go toward expanding manufacturing at Project Ranger, the company’s 1,000-acre production campus in New Mexico.

Blackbeard was designed in California, will be built in New Mexico and is expected to enter service in 2027. Castelion says it has already secured more than $500M in U.S. military contracts over the past 18 months and moved the missile from a clean-sheet concept to an official program in fewer than four years.
That timeline is central to Castelion’s pitch. Traditional defense programs are often associated with long development cycles, limited production runs and eye-watering costs. Castelion is applying the rapid testing and vertically integrated manufacturing approach popularized by commercial space companies to weapons production.
But a $13B valuation changes the standard. Castelion is no longer being judged as a promising startup with an impressive prototype. It is being funded like a company expected to become a major part of the American defense industrial base.
The question is no longer whether a startup can build a hypersonic missile. It is whether one can manufacture thousands of them without losing the speed, discipline and cost advantages that made it disruptive in the first place.
For LA’s defense ecosystem, that shift matters. The region has become home to a growing number of companies promising to modernize how America builds critical hardware. Castelion now has the capital, contracts and facilities to show what happens when that promise reaches the factory floor.
The next test will not be in a pitch deck. It will be in production.
More from this week’s LA startup and venture scene below.
🤝 Venture Deals
LA Companies
- Long Beach based Ampaire raised a $19M Series B led by DiamondStream Partners, with strategic participation from Alaska Star Ventures and IAGi Ventures, bringing its total funding to $68M. The hybrid-electric aviation company will use the capital to expand flight operations, produce additional Eco Caravan aircraft, advance regulatory certification and scale its manufacturing capabilities. - learn more
- SUM Ventures participated in AssistMe’s €6.5M funding round, which was led by CRB Health Tech and Vorwerk Ventures and included several returning investors. The German care technology company will use the capital to expand across Europe, prepare for a U.S. launch and further develop alea, its digital platform for supporting caregivers and improving nursing-home operations. - learn more
- CIV led Hypercubic’s $5.3M seed round, with participation from Y Combinator, Afore Capital, Pioneer Fund, Multimodal Ventures and several angel investors. The San Francisco startup will use the capital to develop AI agents that can analyze, document and rewrite decades-old COBOL systems, helping enterprises modernize critical mainframe software faster and with less risk. - learn more
- Plus Capital participated in Wispr Flow’s $280M Series B, led by Menlo Ventures and joined by existing and new investors, valuing the AI voice company at $2B. The funding brings Wispr’s total capital raised to $361M and will support its expansion beyond dictation into meeting tools and proprietary speech technology, including its new Canto model. - learn more
- Alexandria Venture Investments participated in Leal Therapeutics’ $30M Series A extension alongside new investor Eli Lilly and returning backers including OrbiMed, Newpath Partners and SV Health Investors’ Dementia Discovery Fund. The biotech company will use the funding to advance clinical trials of LTX-001 for schizophrenia and LTX-002 for ALS, with initial schizophrenia trial data expected by year-end. - learn more
- BroadLight Capital participated in Higgsfield’s $400M Series B, led by DST Global and joined by investors including Goldman Sachs Alternatives, Smash Capital, Fifth Wall and Intel Capital. The AI video and image platform, now valued at $5.4B with $700M in annualized revenue, will use the funding for R&D, global infrastructure, AI hiring and international expansion. - learn more


