🔦 Spotlight
Happy Friday Los Angeles,
As many of you know, LA Tech Week is right around the corner, kicking off next Monday October 14th bringing together founders, creatives, investors, and engineers for a week of immersive events, panels, and socials across the city. From blockchain and AI to biotech and design, LA Tech Week is a chance to dive into the ideas shaping today’s technology landscape.
What to Look Forward To
Insights from Visionary Leaders: Hear firsthand from industry trailblazers as they share stories, challenges, and key lessons from their experiences. Expect fresh perspectives on AI, venture capital, biotech, and the ethical questions around emerging technologies.
Interactive Panels: This week isn’t about watching from the sidelines; it’s about engaging directly with the tech community. Participate in hands-on panels discussing everything from startup scaling to ethical AI, with honest insights from those actively shaping these fields.
Networking Mixers & Social Events: Meet and connect with founders, VCs, developers, designers, and fellow techies across LA. Rooftop mixers, lunch meetups, and creative gatherings offer the perfect chance to spark ideas and collaborate.
Plan your week with the daily lineup, organized by location for easy navigation:
For updates or more event information, visit the official Tech Week calendar.
Enjoy LA Tech Week 2024!!
🤝 Venture Deals
LA Companies
- Clout Kitchen, a Los Angeles and Manila based startup, has raised $4.45M in seed funding, co-led by a16z SPEEDRUN and Peak XV’s Surge, to develop AI-powered digital twins, which enables gaming creators to produce realistic virtual avatars for content and fan engagement. - learn more
- MeWe, a privacy-focused social media platform, has raised an initial $6M in Series B funding led by McCourt Global to support Web3 integration and expand its decentralized network for 20 millions users. - learn more
- Suma Wealth, a financial platform aimed at empowering Latino entrepreneurs, raised a $7M seed round, with participation from ResilienceVC, Acumen, Commerce Ventures, Ascendo Venture Capital, and Cooley, to enhance its AI-driven financial tools, including the recent acquisition of Mooch, an AI-powered personal finance app that expands its personalized financial management solutions. - learn more
- EGB Capital participated in a $10M Series A funding round for MiLaboratories, which develops software that enables biologists to independently analyze complex genomic data, accelerating research and discovery in fields like drug development. - learn more
- Crosscut Ventures participated in the $13.75M seed round for Airloom Energy, a company focused on developing airborne wind energy technology to harness high-altitude winds, with plans to accelerate a pilot project in Wyoming. - learn more
- Alpha Edison and ICM Partners participated in a $59M Series B round for Q-Ctrl, an Australian quantum infrastructure software provider, bringing its total funding to $113M. - learn more
- Alexandria Venture Investments participated, and TCG co-led, a $100M Series A round for Judo Bio, a biotechnology company pioneering oligonucleotide therapies targeted at kidney delivery. - learn more
- TIME BioVentures participated in a $30M Series C round for Rivermark Medical, a leading provider of minimally invasive solutions for Benign Prostatic Hyperplasia. - learn more
- Vamos Ventures participated in a $405M Series F round for Form Energy, Inc., a U.S.-based tech company pioneering a cost-effective, multi-day energy storage solution for commercial use. - learn more
- Navitas Capital and Fifth Wall participated in a $21.5M Series B round for Document Crunch, a construction document compliance platform based in Atlanta, GA. - learn more
- Overture VC participated in a $5.5M Seed funding round for Molg Inc., a company developing robotics and software for circular manufacturing, designed to disassemble electronics efficiently and recover valuable materials to reduce e-waste and support sustainable production. - learn more
- Fifth Wall led a $15M funding round for Purpose Green, a Berlin-based climate tech company, bringing its total funding to $18.4M. - learn more
LA Exits
- The Parking Spot, a leading near-airport parking provider, has been acquired by KKR from an affiliate of Green Courte Partners, LLC, enhancing its portfolio in travel-related infrastructure. - learn more
- Options MD, a Los Angeles based telemedicine platform that provides care for people suffering from severe and treatment-resistant mental illness, is set to be acquired by Resilience Lab, an AI-driven provider focused on enhancing mental health care access. - learn more
