Enrollment in LA's Virtual Schools Is Increasing As COVID Fears Spread Among Parents

Sarah Favot

Favot is an award-winning journalist and adjunct instructor at USC's Annenberg School for Communication and Journalism. She previously was an investigative and data reporter at national education news site The 74 and local news site LA School Report. She's also worked at the Los Angeles Daily News. She was a Livingston Award finalist in 2011 and holds a Master's degree in journalism from Boston University and BA from the University of Windsor in Ontario, Canada.

Enrollment in LA's Virtual Schools Is Increasing As COVID Fears Spread Among Parents
Photo by Matt Ragland on Unsplash

The pandemic has been wrenching for parents as schools fling their doors open and throngs of unvaccinated children return to the classroom.

With the delta variant raging and child hospitalizations shooting up, virtual charter schools are making their pitch and it's working. Enrollment is ballooning.


In Los Angeles, one national charter network is marketing its program as an option for parents fearful about the spread of COVID.

Stride Inc, a publicly traded company that runs virtual charter school network K12, promoted its California schools called California Virtual Academies in an announcement encouraging parents to enroll. On Twitter, the company touts online learning as giving "families an option that is not only safe, but prioritizes student growth and success."

But online charters are controversial even among charter school supporters and past research shows the virtual schools have a weaker academic performance than traditional schools. The state has clamped down on them amid a spat of financial misdeeds, including one virtual charter school where its two founders pleaded guilty to felony charges of conspiracy to commit theft of public funds.

Still, enrollment in virtual charter schools surged during the pandemic. Enrollment at K12, one of the biggest national operators, increased 57% last year. In Los Angeles, which boasts more enrollment in charter schools than anywhere in the nation, its schools saw enrollment jump 40% compared to this time in 2019, according to the school.

The Los Angeles Unified School District has also seen a jump in students who are enrolled in its online independent study program.

Honestly I can't imagine her stepping foot on a campus right now.

Angela Covil, CAVA's director of high schools, said the virtual schools are "teacher supported," rather than "teacher directed." Students meet with their teachers every day for about one-and-a-half to two hours in elementary and middle school and three to three-and-a-half hours in high school. Students spend four to six hours on coursework each day. The curriculum can be accessed anywhere and it includes videos and animation with assessments built in, so teachers can monitor student progress, she said.

Some parents that recently enrolled their children turned to the schools that already had a virtual curriculum, rather than stay in a school district that was learning how to teach online on the fly.

"We've been doing it for years and so we have all those systems set up and established," Covil said.

She said there are generally three types of new parents who are enrolling their children: those who have health worries, those who want stability in case COVID-19 worsens and instruction at district schools goes online again, and those who saw their child thrive in the online environment during the pandemic and want that to continue.

Roxann Nazario is one of those parents whose daughter, Scarlett, thrived in an online environment because of her social anxiety. Nazario said she saw a weight lift off of Scarlett's shoulders in March 2020 when schools closed.

Her charter middle school at the time, Girls Athletic Leadership School, switched swiftly to an online curriculum where instructional videos and assignments were posted online through Google Classroom and students weren't required to sit on Zoom for several hours a day. Nazario saw her daughter's grades improve.

But the school changed course in the fall of 2020, requiring students to be on Zoom from 8:30 a.m. until 12:30 p.m. and Scarlett burned out quickly.

Nazario, who works as a parent engagement coordinator for parent advocacy group Speak UP, talked to parents who were raving about an online charter called iLEAD and after meeting with teachers and school administrators, she enrolled her daughter in the school, where live instruction is optional.

"Honestly I can't imagine her stepping foot on a campus right now. I think it would be very difficult for her especially since it's been so long," Nazario said. "I'm excited to see how well she can do with a program that's very well established and very customized that I think is going to be a good fit to her, but we'll see and we'll evaluate that as we go along."


Virtual Learning Has Its Limits

But several studies have criticized cyber schools, finding that many of its academic programs pale in comparison to traditional brick-and-mortar schools.

One national study by the Center for Research on Education Outcomes at Stanford University found that virtual charter schools across the nation have an " overwhelming negative impact" on students.

"It was desperately bad," said Macke Raymond, who directed the study. "It was as if the kids didn't go to school at all in math." Though she noted the 2015 study was based on data from 2013.

And in 2016 even the National Alliance for Public Charter Schools, a charter school advocacy group warned legislators about the poor performance of virtual charters in a report.

More recent national research is needed and Raymond said she is embarking on a new national study next month that will answer the question of whether online charters have gotten any better.

"One would hope that a program that was as vulnerable as we showed it to be in 2015 would sort of pick itself up by the bootstraps and do something different," Raymond said.

Covil said she hopes that parents look past some of the negative publicity about virtual charters and do their own research.

"A lot of great things are happening in these schools," Covil said. "There are students that are really thriving. We just have so many great things happening with our kids, and we hear so much great feedback from our parents."

Learning Loss

As teachers in traditional schools scrambled to shift their curriculum online and students lacked the social interaction of being in a classroom with teachers and their peers, studies show children suffered a "learning loss" or "COVID slide."

A McKinsey & Company report on the 2020-21 academic year found that on average students were five months behind in math and four months behind in reading by the end of the school year. And the achievement gap between low-income and students of color and their white peers worsened with students in majority Black schools ending the year with six months of "unfinished learning" and students in low-income schools with seven.

NWEA used its MAP Growth adaptive assessments that schools can voluntarily give to their students three times a year to analyze the impact of the pandemic. Results from 5.5 million students in grades 3 through 8 who took the tests showed that students made reading and math gains in 2020-21, but at a lower rate when compared to before the pandemic.

For example, in the spring of 2021, median math scores fell 12 percentile points compared to the spring of 2019.

Following the publication of the NWEA report, Stride Inc. issued its own response, saying its students did not experience the same learning loss as their peers.

"In fact, they were more likely to maintain or grow academically than to slide," it said.

Investigation

CAVA itself was under investigation by the California Attorney General's Office before reaching an $8.5 million settlement in 2016 over allegations that the network published misleading advertisements about students' academic progress, parent satisfaction and class sizes.

For example, the network didn't include a "large number of students whose test results did not show significant change," when it promoted its students' academic performance, according to the complaint.

The state also alleged the schools were improperly inflating attendance numbers, reaping more state education dollars, which are allocated based on average daily attendance.

The AG's office was also looking into the schools' services for students and families with limited English proficiency, and the school's support for those students with special needs.

Under the settlement, the schools admitted no wrongdoing and the settlement funds repaid the state for the cost of the investigation.

"Improvements to accessibility were already in our internal plans and did not change our multi-year capital plans," a K12 spokesperson said. "We have always tried to continually improve accessibility, mobility, teacher tools, and student engagement, and will continue to do so."

These types of academic problems and financial misdeeds that occur at some virtual charters helped provoke a two-year moratorium on new online charter schools signed by Gov. Gavin Newsom in 2019, which was set to expire at the end of this year, but was extended through 2024.

In California, charter schools are publicly funded, yet independently operated. Traditional public school supporters oppose charter schools because they say money is drained from district schools, as state funding is based on enrollment.

For parents who want to keep their children online this school year, there are limited options.

Newsom and the state legislature ordered that school districts must offer in person instruction this fall unless it's through an independent study program, but it authorized independent study for a student "whose health would be put at risk by in-person instruction, as determined by the parent or guardian."

The legislature is hashing out a new bill that aims at improving the independent study program, such as establishing a minimum amount of live instruction per day.

"Many, many policymakers are trying to put a different standard into this conversation that they don't hold the district schools to, but they do want to hold the virtual charter schools to," Raymond said. "That's the story that's happening in California."

JetZero Just Raised $175M to Rewrite How We Fly

🔦 Spotlight

Happy Friday, Los Angeles ✈️

While everyone in tech is still busy arguing about the next AI model, one startup based out of Long Beach just raised a whole lot of money to change the shape of the airplane itself.

Image Source: JetZero

JetZero closed a $175 million Series B to build its blended wing body “all-wing” airliner, with B Capital leading the round alongside United Airlines Ventures, Northrop Grumman, 3M Ventures, Trucks VC and RTX Ventures. The company is working toward a full-scale Demonstrator aircraft that targets at least 30% better fuel efficiency than today’s tube-and-wing jets, with a first flight planned for 2027 and a commercial Z4 airliner to follow in the early 2030s.

This is not a small bet. JetZero’s pitch is that airlines and regulators need a way to hit climate targets without waiting on sci-fi batteries or hydrogen infrastructure, and that a radically more efficient airframe is the most realistic path. It is also very much an LA story: deep aerospace talent, strategic money at the table, and a product that looks like a mashup of climate tech, defense tech and old-school manufacturing rather than another SaaS dashboard.

There is still a long way to go. The next few years are about turning simulations and wind-tunnel charts into flight data, working with regulators and proving that a manta-ray-shaped jet can slot into a world built for Boeings and Airbuses. But if JetZero gets anywhere close, it will mean that one of the most ambitious hardware bets in commercial aviation is being engineered out of Long Beach.

Scroll on for the latest LA venture rounds, fund news and acquisitions.

🤝 Venture Deals

      LA Companies


      • No Agent List secured $10M in private investment to launch its AI powered real estate platform ahead of a planned Spring 2026 debut. The Los Angeles based company aims to put “agent level” tools directly in the hands of buyers, sellers and vendors, offering direct access to off market properties, FSBOs, distressed assets, foreclosures, tax liens and auctions that have traditionally been gated by agents and insiders. The funding will support product development and rollout of the platform, which promises more control over transactions while using AI to surface opportunities and streamline the deal process. - learn more
      • Hadrian, the Los Angeles based advanced manufacturing startup, announced new capital led by accounts advised by T. Rowe Price Associates to accelerate its push to “reindustrialize” American manufacturing. The financing, which also includes Altimeter Capital, D1 Capital Partners, StepStone Group, 1789 Capital, Founders Fund, Lux Capital, a16z, Construct Capital and others, values the company at $1.6B and will be used to expand its high-throughput factories, grow its workforce and deploy more AI, software and automation across its “factories-as-a-service” platform for aerospace, defense and critical infrastructure customers.- learn more

            LA Venture Funds

            • Blue Bear Capital joined Hydrosat’s $60M Series B, backing the thermal infrared satellite data company alongside lead investors Hartree Partners, Subutai Capital Partners and Space 4 Earth. The funding will help Hydrosat expand its constellation beyond its two current satellites, ramp global coverage and deepen its AI-powered “thermal intelligence” products for water resource management, agriculture, civil government and defense customers worldwide. - learn more
            • Elysian Park Ventures led a $12M growth round for Diamond Kinetics, backing the Pittsburgh-based baseball tech company as it doubles down on youth development. The new capital will help Diamond Kinetics scale sidelineHD, its AI-powered youth baseball and softball live streaming and highlights platform, and expand its broader suite of training tools as MLB’s Trusted Youth Development Platform. - learn more
            • MANTIS Ventures participated in Depthfirst’s $40M Series A round, backing the San Francisco based applied AI lab alongside lead investor Accel, Alt Capital, BoxGroup, Liquid 2 Ventures and SV Angel. Depthfirst is building an AI-native “General Security Intelligence” platform that uses autonomous agents to detect, triage and remediate software vulnerabilities across code and infrastructure, aiming to outpace a new wave of AI-powered cyberattacks. The fresh capital will fund R&D, go-to-market efforts and hiring as the company scales its security platform for enterprise customers. - learn more
            • Cedars-Sinai Health Ventures participated in Vista AI’s $29.5M Series B, joining a slate of leading health systems backing the company’s automated MRI scanning software. The Palo Alto-based startup will use the funding to expand its FDA-cleared cardiac MRI platform to additional anatomies like brain, prostate and spine, and to roll out remote scanning services that let hospitals without in-house MRI expertise offer advanced imaging while easing backlogs and technologist shortages - learn more
            • Fourward Ventures is leading a new strategic growth investment in Mermaid Gin, backing the Isle of Wight–based premium spirits brand as it accelerates expansion in the U.S. market. The round brings Fourward’s founder Will Ward onto the board as lead investor and is paired with a national distribution partnership with Southern Glazer’s Wine & Spirits, plus the appointment of longtime Moët Hennessy veteran Jim Clerkin as CEO for the U.S. push. The capital and partnership are aimed at scaling Mermaid Gin in the fast-growing U.S. super-premium gin segment while preserving its sustainability-focused, Isle of Wight roots. - learn more
            • Hyperion Capital joined Haiqu’s $11M seed round, backing the quantum software startup alongside Primary Venture Partners, Collaborative Fund, Alumni Ventures, Qudit Ventures, Silicon Roundabout Ventures, Harlow Capital, Toyota Ventures and MaC Venture Capital. Haiqu is building a hardware-aware quantum operating system and middleware layer that boosts the performance of today’s noisy quantum hardware, with the new funding going toward productizing its platform and enabling near-term commercial use cases in areas like finance, cybersecurity and scientific computing. - learn more
            • Sound Ventures led WitnessAI’s $58M strategic funding round, backing the Mountain View based AI security and governance platform alongside investors including Fin Capital, Qualcomm Ventures, Samsung Ventures and Forgepoint Capital Partners. The company will use the capital to accelerate global go-to-market efforts and expand its platform, which secures AI agents and models by monitoring agent activity, linking human and agent actions, and blocking prompt injection and other attacks in real time. WitnessAI also unveiled new agentic AI governance tools that give enterprises deeper observability and policy control as they scale AI agents across their operations. - learn more
            • Alexandria Venture Investments joined Proxima’s oversubscribed $80M seed financing, backing the newly rebranded AI-native biotech (formerly VantAI) alongside lead investor DCVC, NVentures (NVIDIA’s venture arm), Braidwell, Roivant and others. Proxima is building a generative AI driven platform for “proximity-based medicines” that modulate protein protein interactions, including molecular glues and PROTACs, to go after historically undruggable targets in oncology, immunology and beyond. The new capital will accelerate its NeoLink structural proteomics and Neo AI model stack, and advance a pipeline of first-in-class proximity-modulating therapeutics toward the clinic. - learn more
            • Clocktower Technology Ventures participated in WeatherPromise’s oversubscribed $12.8M Series A, backing the weather-guarantee startup alongside lead investor Maveron, 1Sharpe, Lerer Hippeau, Commerce Ventures, MS Transverse, Start Ventures, 1Flourish and others. WeatherPromise partners with major travel brands like Marriott, Expedia and JetBlue to offer “weather guarantees” that automatically refund trips when conditions are worse than promised, driving demand for travel, events and outdoor experiences. The new capital will accelerate product development, expand strategic partnerships and scale the platform across more consumer categories. - learn more
            • MANTIS Ventures participated in Sandstone’s $10M seed round, backing the AI-native legal tech startup alongside lead investor Sequoia Capital and others. Sandstone is building an operating system for in-house legal teams that uses AI agents to route requests, draft and review contracts, and surface answers directly inside tools like email, Slack and Salesforce, turning institutional legal knowledge into reusable workflows. The new capital will help the Brooklyn-based company scale its product and grow its customer base of corporate legal departments. - learn more
            • Strong Ventures participated in Hupo’s $10M Series A round, backing the Singapore-based AI sales coaching startup alongside lead investor DST Global Partners, Collaborative Fund, January Capital and Goodwater Capital. Hupo’s platform uses AI to coach frontline banking, insurance and financial services sales teams in real time, helping them ramp faster and close more deals across highly regulated markets in APAC and Europe. The new funding will support product development, expansion of its coaching features and scaling enterprise deployments as the company eyes broader international growth. - learn more
            • Freeflow Ventures joined Vivere Oncotherapies’ more than $10M funding round, backing the UC Berkeley spinout alongside YK Bioventures, Pillar, Berkeley Frontier Fund and the National Cancer Institute. Vivere is developing targeted immunotherapies for “cold” solid tumors like colorectal and ovarian cancers, aiming to activate the immune system against tumors that typically evade detection and resist existing treatments. The new capital will support advancement of its proprietary bioengineering platform and pipeline of therapies for patients with few effective options today. - learn more
            • Alexandria Venture Investments joined Precede Biosciences’ $63.5M Series B equity round, part of an $83.5M total financing package that also includes a $20M strategic, non-dilutive credit facility. The Boston based precision diagnostics and data company is scaling its blood-based platform, which measures target expression and pathway activity to support next-generation cancer therapies like drug, radio and immune conjugates. The new capital will help Precede meet growing demand from biopharma partners developing these precision medicines and accelerate commercialization and health system adoption. - learn more
            • Alexandria Venture Investments participated in Recludix Pharma’s new equity financing round alongside Access Biotechnology, NEA and Westlake BioPartners, with additional strategic investment from Eli Lilly. The San Diego based, clinical-stage biotech will use the $123M in total equity raised to advance clinical development of its novel SH2 domain inhibitor pipeline for inflammatory diseases and to tap Lilly’s TuneLab AI/ML platform to accelerate discovery across its broader SH2 domain program. - learn more
            • BOLD Capital Partners participated in MagicCube’s $10M funding round, backing the Cupertino-based software security company alongside strategic investor Verifone and other existing backers. MagicCube plans to use the capital to expand beyond its core tap-to-phone payments offering into biometrics, identity verification and AI-driven device security, while scaling its Software Defined Trust platform that delivers hardware-grade protection through software on standard mobile and IoT devices.- learn more

                  LA Exits

                  • Webalo is being acquired by Prometheus Group, which is folding the Los Angeles based “no-code for the frontline” platform into its enterprise asset management software suite. The deal will combine Webalo’s mobile, real-time workflows for frontline workers with Prometheus Group’s planning and scheduling tools, aiming to create a closed-loop digital execution platform that connects shopfloor actions directly back into systems of record like SAP and Oracle. - learn more

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                                      Inside Tinder’s 380-Matches-Per-Second Sunday

                                      🔦 Spotlight

                                      Happy New Year, Los Angeles. 💘

                                      If you want a clear read on how people actually behave when the calendar flips, you do not need a survey. You need Tinder’s Dating Sunday data. The numbers below are from January 2025, compared with 2024, and they show a pattern the app sees every year when millions of people log in and take their love life off pause.

                                      🔥 Tinder’s Annual Traffic Spike, By The Numbers

                                      On Dating Sunday, the first Sunday of the year, Tinder hit its biggest activity spike on the calendar. Compared with the app’s typical daily averages for that year, and trends versus the prior year:

                                      📈 Swipes were nearly 13% higher

                                      💬 Messages were nearly 10% higher

                                      ❤️ Likes were over 10% higher

                                      🗣️ Users had almost 7% more conversations

                                      🤝 Matches climbed to about 380 matches per second, roughly a 10% lift compared to the rest of the year

                                      Across Peak Season, from January 1 through February 14, Tinder saw on the order of 10 million more messages per day and roughly 40 million additional likes than its non peak baseline.

                                      The figures are from last January, but the shape of this curve is remarkably consistent year after year, which is why they are a solid proxy for what is happening again at the start of 2026.

                                      ⚡ Not Just More Use, Different Use

                                      What makes the Dating Sunday data more interesting than a simple “usage went up” story is how behavior shifted compared with the same day the year before.

                                      Users replied about 2 hours and 25 minutes faster on average while also sending more messages, more likes and starting more conversations. That looks less like background swiping and more like a concentrated intent spike, people coming back to the app with a clear goal and actually engaging.

                                      From a product and infrastructure perspective, that turns this one Sunday into a full stack exercise. Ranking, recommendations, notifications, trust and safety and core scale all get hammered at once, with high signal data flooding the system over a short window. Most apps only see that kind of behavior during a one off viral moment or a big launch. Tinder sees it every January.

                                      📊 What The Surge Actually Signals

                                      There is plenty of talk about people being tired of apps. The behavior here tells a more nuanced story.

                                      When the calendar flipped last year, people reopened Tinder, used it more, started more conversations and replied faster than they had the year before. That does not look like a category that has lost its grip on users. It looks like a mature consumer network that can still generate predictable, measurable spikes of attention and intent on cue.

                                      If those patterns hold, the first few weeks of 2026 once again look less like a slow reset and more like a live load test for an LA built product at global scale.

                                      Now keep scrolling for this week’s LA venture deals, fund announcements and acquisitions.

                                      🤝 Venture Deals

                                          LA Companies

                                          • Cambium, an El Segundo based advanced materials startup, raised a $100M Series B led by 8VC. The company uses AI, chemical informatics and high-performance computing to design new polymers and composites for defense, aerospace and other high-performance sectors, and will use the funding to accelerate its product pipeline and scale manufacturing capacity across the U.S. and Europe following its acquisition of SHD. - learn more

                                                LA Venture Funds

                                                • Plus Capital joined Pomelo Care’s $92M Series C, backing the New York based virtual care company at a $1.7B valuation alongside lead investor Stripes, Andreessen Horowitz, Atomico, BoxGroup and SV Angel. Pomelo, which already covers about 25 million lives and nearly 7% of U.S. births, will use the funding to take its proven, outcomes-driven maternity model and expand it across women’s and children’s health more broadly, from reproductive care and pediatrics through hormonal health, perimenopause and menopause. - learn more
                                                • Kittyhawk Frontier is leading a $2M seed round in Denver based encoord, joining new and existing investors to back the company’s grid-planning software platform. encoord’s flagship product, SAInt, is designed to give utilities, developers, data centers and grid operators an integrated financial and operational view of the power system, helping cut interconnection timelines by up to five years and optimize capital planning. The new capital will go toward expanding the team, advancing the platform and scaling into key markets as demand for smarter, electrification-ready grid planning tools accelerates. - learn more
                                                • Alexandria Real Estate Equities participated in Mediar Therapeutics’ oversubscribed $76M Series B, joining new investors like Longwood Fund and Asahi Kasei Pharma Ventures in a round co-led by Amplitude Ventures and ICG. The Boston-based biotech will use the funding to advance its first-in-class fibrosis portfolio, including MTX-474, now in a global Phase 2a trial for systemic sclerosis, and MTX-439, which is moving into Phase 1 studies for fibrosis associated with chronic kidney disease, alongside its partnered MTX-463 program with Eli Lilly. - learn more
                                                • GordonMD Global Investments joined Soley Therapeutics’ $200M Series C, backing the South San Francisco based biotech as it advances its AI-enabled cell stress sensing platform and oncology pipeline. The round, led by Surveyor Capital with participation from new and existing investors, will fund IND-enabling work and early clinical trials for Soley’s lead acute myeloid leukemia (AML) program and a second solid-tumor asset, while also expanding non-oncology programs in neurodegenerative and metabolic diseases and scaling the platform. - learn more

                                                    LA Exits

                                                    • CareRev is being acquired by IntelyCare, which is combining its post-acute healthcare staffing platform with CareRev’s on-demand workforce marketplace for acute care. The deal creates one of the more comprehensive clinical labor platforms in the market, spanning clinician-facing job boards, internal resource pool tools, contingent labor and recruiter solutions to help health systems manage permanent and flexible staff in one place. Both brands will continue operating under their existing names while integrating offerings for hospitals, health systems and clinicians. - learn more

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                                                                        LA Is Betting on Nukes, Netflix and Next-Gen Attention

                                                                        🔦 Spotlight

                                                                        Hey Los Angeles.

                                                                        If you were looking for a quiet week, this was not it. LA is backing a portable nuclear reactor, Netflix just took a big step closer to owning Warner Bros. Discovery’s future, and Snapchat is basically handing the city a mirror and saying, “Here is what you did with your attention all year.”

                                                                        Let’s dive in.

                                                                        Radiant’s microreactors and LA’s new nuclear moment

                                                                        Radiant Nuclear raised more than $300M in a Series D round to build Kaleidos, a one megawatt portable nuclear microreactor that is designed to roll off a factory line, ship in a standard container and replace diesel generators at remote sites, military bases and disaster zones. The new capital will fund a full scale test at Idaho National Lab and the build out of Radiant’s R 50 factory in Oak Ridge, Tennessee, which aims to produce up to 50 reactors a year starting later this decade.

                                                                        For LA’s climate and infrastructure ecosystem, this is a big tell. The city that got rich on pipelines of content is now funding pipelines of electrons, betting that small, modular nuclear can be part of the grid story that powers everything from data centers to defense. It is a very different flavor of LA tech, but the pattern is familiar: take a frontier technology, wrap it in product thinking and try to make it feel as boring and reliable as a utility bill.

                                                                        Netflix and Warner Bros. Discovery: one step closer

                                                                        On the media front, Netflix just received an official recommendation from Warner Bros. Discovery’s board to proceed with the planned acquisition of WBD’s studios and streaming business. The board reaffirmed that the Netflix deal, which would fold Warner Bros. film and TV, HBO and HBO Max into Netflix, is in the best interest of shareholders, even as competing ideas swirl around what to do with the company.

                                                                        Practically, this does not mean the deal is done. It means the process has moved from “big idea in a press release” into the slower, more serious phase of shareholder approvals and regulatory review. For Los Angeles, every incremental step like this reinforces the likely end state: a world where a handful of global platforms control not just distribution but also the studios and libraries that defined Hollywood’s last century.

                                                                        Snapchat’s 2025 Recap and the attention economy in our backyard

                                                                        Then there is Snapchat, which used its 2025 Recap to show off what its mostly Gen Z and Gen Alpha users actually did on the app this year. The company is leaning into personalized “year in review” stories that highlight top chats, memories, maps moments and creator content, while quietly reminding brands and investors that Snap still owns a very specific slice of youth attention that is hard to find anywhere else.

                                                                        For LA, Snapchat’s recap is more than a cute end of year product. It is a reminder that some of the most important social infrastructure for the next generation is being built and iterated a short drive from Santa Monica Boulevard. While the grown ups argue about nuclear reactors and studio mergers, Snap is training the next wave of consumers how to communicate, create and remember their lives on a platform that barely existed fifteen years ago.

                                                                        Taken together, this week says a lot about what “LA tech” means in 2025. On one end, you have Radiant trying to change how we power the physical world. On the other, Netflix and Snapchat are fighting over how we package and monetize the stories that live in our heads. Somewhere in the middle are the founders, investors and operators here who see all of this as raw material.Now keep scrolling for this week’s LA venture deals, fund announcements and acquisitions.

                                                                        🤝 Venture Deals

                                                                            LA Companies

                                                                            • Fixated secured a $50M strategic investment from Eldridge Industries to fuel what it calls the “next era of creator-led empires.” The company says the capital will help it expand its capabilities and partnerships that support creators in building and scaling their own brands and businesses beyond traditional sponsorship deals. - learn more
                                                                            • Vital Lyfe raised $24M in financing, including more than $18M in seed funding, in a round led by Interlagos and General Catalyst with participation from Generational Partners, Cantos, Space.VC and Also Capital. The Hawthorne based startup, founded by former SpaceX engineers, will use the capital to ramp manufacturing of its portable, autonomous “water making” systems, expand early deployments with partners like maritime operators and NGOs, and prepare for its first consumer ready products in 2026. - learn more
                                                                            • Molly Sims’ YSE Beauty closed a $15M Series A growth equity round led by Silas Capital, with participation from L Catterton and existing backers Willow Growth Partners and Halogen Ventures. The clinically tested skincare brand, which targets women 35+ and recently rolled out nationally at Sephora, will use the funding to fuel product development, expand across Sephora doors in the U.S., and grow its direct-to-consumer e-commerce business. - learn more
                                                                            • Ember LifeSciences raised a $16.5M Series A led by Sea Court Capital, with participation from Cardinal Health, Carrier Ventures and other strategic investors including former U.S. Secretary of State Mike Pompeo. The Los Angeles based cold chain tech company will use the funding to launch its next generation Ember Cube 2 shipping system and expand globally, helping pharma and healthcare customers cut temperature related losses and waste in medicine distribution. - learn more
                                                                            • Strada, a Los Angeles–based media collaboration startup, received a strategic investment from Other World Computing (OWC) to accelerate its product roadmap. The company’s peer-to-peer platform lets video pros access, share and review large files directly from local drives anywhere in the world, without uploading to the cloud. The partnership will also include co-marketing efforts, joint NAB 2026 presence, and bundled offerings that pair Strada’s software with OWC’s storage and workflow hardware. - learn more

                                                                                LA Venture Funds

                                                                                • Calibrate Ventures participated in Manifold’s Series B round, backing the company as it scales its AI technology platform. Manifold plans to use the new capital to accelerate product development, deepen its capabilities for enterprise customers, and grow its team to support broader commercial rollout. - learn more
                                                                                • SmartGateVC participated in NeuraWorx’s oversubscribed seed round, which was led by Nexus NeuroTech to back the company’s neurotechnology based therapies for central nervous system (CNS) disorders. NeuraWorx plans to use the capital to advance its R&D and early clinical work, build out its technology and product pipeline, and expand its team as it moves toward bringing new CNS treatments to market. - learn more
                                                                                • Kinship Ventures participated in Lovable’s $330M Series B, which values the Stockholm based “vibe coding” platform at $6.6B in a round co-led by CapitalG and Menlo Ventures’ Anthology fund. The company lets non developers build full stack software from natural language prompts, and says it will use the new capital to scale its AI native platform globally, deepen enterprise features and integrations, and support a fast growing base of business users building production apps on Lovable. - learn more
                                                                                • B Capital participated in MoEngage’s $180M Series F follow-on, which brings the customer engagement platform’s total Series F raise to $280M. The round was led by ChrysCapital and Dragon Funds, with Schroders Capital and TR Capital also joining, and will be used to accelerate MoEngage’s Merlin AI product roadmap, expand go-to-market teams across North America and EMEA, and pursue strategic acquisitions while also funding an employee and early-investor liquidity program. - learn more
                                                                                • O'Neil Strategic Capital led HEN Technologies’ $22M financing, which combines a $20M oversubscribed Series A with $2M in venture debt, to build what the company calls the industry’s first operating system for fire defense. The Hayward based startup will use the capital to scale its IoT enabled hardware and Fluid IQ predictive AI platform, capture a comprehensive operational fire dataset, and expand global deployments with distributors and agencies as it aims to make fire suppression faster, more efficient and data driven. - learn more
                                                                                • Core Innovation Capital participated in Transparency Analytics’ second funding round, backing the company alongside lead investor Deciens Capital, Allianz Life Ventures, Mouro Capital, FJ Labs and SUM Ventures. Transparency Analytics, which provides quantitative, tech enabled credit ratings and benchmarking for private credit, will use the funding to scale its platform, refine go to market strategy and build out products like its private credit index as the asset class grows. - learn more
                                                                                • Upfront Ventures participated in Nanit’s $50M growth round, which was led by Springcoast Partners with support from JVP. The company will use the funding to expand its AI powered Parenting Intelligence System and related tools that give parents real time, personalized insight into a baby’s sleep, health and development between pediatric visits. - learn more
                                                                                • Integrity Growth Partners fully funded Fluency’s $40M Series A, coming in as the company’s first major institutional investor. Fluency, a “digital advertising operating system,” centralizes and automates paid media across Google, Meta, TikTok, programmatic and more, already powering nearly $3B in annual ad spend and over 250,000 monthly campaigns. The company plans to use the capital to enhance its automation and agentic AI capabilities, expand integrations with publishers and tech partners, and grow its team. - learn more
                                                                                • JAM Fund joined Last Energy’s oversubscribed $100M+ Series C, backing the advanced nuclear startup as it pushes to commercialize its factory built microreactors. The round was led by Astera Institute with investors including Gigafund, The Haskell Company, AE Ventures, Ultranative, Galaxy Interactive and Woori Technology. Last Energy plans to use the capital to complete its PWR-5 pilot reactor under the U.S. DOE’s Reactor Pilot Program, ramp manufacturing in Texas, and advance its larger PWR-20 units toward commercial deployment in the U.S. and U.K. - learn more

                                                                                  LA Exits

                                                                                  • NextWave is being acquired by Pattern, bringing the TikTok-focused commerce agency under Pattern’s umbrella to strengthen its TikTok Shop and creator-led commerce capabilities. The deal folds NextWave’s expertise in TikTok Shop strategy, operations and creator partnerships into Pattern’s broader ecommerce platform, giving brands a single partner to manage marketplace, DTC and social shopping channels. - learn more
                                                                                  • Ubiquitous is being acquired by Humanz as part of Humanz’s broader push to build a next-gen, data driven creator economy platform alongside its recently announced $15M funding round. The deal folds Ubiquitous’ creator marketing and TikTok/native social expertise into Humanz’s influencer analytics and campaign tooling, giving brands a more end-to-end partner for strategy, creator management and performance measurement across major social channels. - learn more
                                                                                  • Silver Tribe Media is being acquired by TPG-backed Initial Group, which is folding the company into its broader sports and entertainment platform. The deal brings Silver Tribe’s storytelling, production and athlete brand work under Initial Group’s umbrella, giving it more capital and distribution while expanding Initial’s in-house content capabilities around teams, athletes and sponsors. - learn more
                                                                                  • Duffl, the YC-backed campus delivery startup, is being acquired by Rev Delivery, bringing its “10M campus delivery pioneer” operation under Rev’s umbrella. The acquisition folds Duffl’s college-focused, ultra-fast delivery network and playbook into Rev’s hyper-growth delivery operators, with the goal of scaling on-demand service across more campuses and strengthening Rev’s position in student-centered last-mile logistics. - learn more

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