This Week in ‘Raises’: GoFreight Picks Up $23M, Valcre Secures $12.7M

Decerry Donato

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.

This Week in ‘Raises’: GoFreight Picks Up $23M, Valcre Secures $12.7M
Modified by Joshua Letona

Freight management software startup GoFreight raised fresh capital to develop more features including smart quotations, rate management and purchase order management on its way to becoming the ‘Shopify of freight forwarding.’ Valcre, another local software company, raised funding to continue the company’s growth and support product innovation.


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Venture Capital

GoFreight, a Los Angeles-based developer of web-based freight management software, raised $23 million in a Series A funding round co-led by Flex Capital and Headline.

San Diego-based developer of appraisal software Valcre raised a $12.7 million Series A funding round led by Avenue Growth Partners.

Arcturus, a developer of volumetric video editing and streaming tools raised $11 million in a Series A funding round led by Cloudtree Ventures.

Gardena-based EV technology company Harbinger Motors raised $6 million in funding, per an SEC filing.

Heroic Story, a Los Angeles-based virtual writing platform, raised $6 million in funding led by Upfront Ventures.

Luckmon, an Irvine-based gaming startup, raised a $1.3 million pre-seed funding round. Investors that participated in this round include Chang Kim (CEO of Tapas Media), Thor Chan (CEO of AAX), Changsu Lee (CEO of Allganize), Jay Lee (CEO of the Korean American Chamber of Commerce), K2G Tech Fund and Primer Sazze Venture Capital Partners.

Funds

Los Angeles-based venture capital and private equity firm Carmelina Capital Partners raised $20 million in funding, according to an SEC filing.

Raises is dot.LA’s weekly feature highlighting venture capital funding news across Southern California’s tech and startup ecosystem. Please send fundraising news to Decerry Donato (decerrydonato@dot.la).

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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.

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Image courtesy of Kroma Wellness

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