This Week in ‘Raises’: Joby Aviation Lands $180M, Fourward Ventures Snags $50M
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.
A local aviation company raised fresh funding from return investor Baillie Gifford. The funds will be used to accelerate Joby’s early production, enabling the business to capitalize on near-term revenue opportunities. One Los Angeles-based venture capital firm closed its fund of $50 million with plans to invest in sectors including health and wellness and sustainability.
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Venture Capital
Joby Aviation, a Santa Cruz-based transportation company developing an all-electric vertical take-off and landing aircraft raised $180 million in capital from Baillie Gifford.
Per an SEC filing, Santa Monica-based company creating immersive entertainment experiences, Super League Gaming raised $10.2 million in funding.
Los Angeles-based online research data platform Essenvia raised a $4 million pre Series A funding round led by Benhamou Global Ventures and Wavemaker360.
Gigs, a Los Angeles-based platform helping people find hourly jobs, raised a $2.7 million pre-seed funding round led by Slauson & Co.
San Diego-based project management and document control software company eSUB Inc raised $2 million in funding, per an SEC filing.
Funds
Fourward Ventures, a Los Angeles-based venture capital firm, raised a $50 million fund from a mix of family offices, financiers and celebrities to invest in consumer-driven startups.
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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