This Week in ‘Raises’: Redbud Reels In $46M, LFX Seeking $200M for New Fund

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.

Image by Joshua Letona

This week in “Raises”: A consumer brand holding company, a software platform for contractors, an AR/Web3 gaming platform and an organic feminine care brand all raised sizable rounds. Meanwhile, Fung Capital veterans John Seung and Janie Yu are seeking to raise $200 million for a new fund.

Venture Capital

Redbud Brands, a consumer brand holding company, raised $46 million in new investment led by Satori Capital.

BuildOps, a management software platform for commercial contractors, raised a $43 million Series A funding round led by Next47.

Jadu, an augmented reality Web3 gaming platform, raised $36 million in Series A funding led by Bain Capital Crypto.

Rael, an organic feminine care and beauty brand, raised a $35 million Series B funding round led by Colopl Next and Signite Partners.

Astroforge, an asteroid-mining startup, raised $13 million in seed funding led by Initialized Capital.

PayEngine, a payments platform for software vendors, raised a $10 million Series A funding round led by Point72 Ventures.

Fyxt, a cloud-based operations platform for commercial real estate, raised a $4 million Series A funding round led by RET Ventures.

Fanimal, a live events ticketing platform, raised $4 million in funding led by Bullpen Capital.

CropSafe, an agtech startup that helps farmers monitor their fields, raised $3 million in seed funding led by Elefund.

Japa Health, a digital health and wellness platform, raised a $1.25 million seed funding round led by Arcsync Co.


LFX Venture Partners, a venture capital and private equity firm, is looking to raise $200 million for its debut fund, per an SEC filing.

Hedonova, an alternative assets hedge fund, raised $18.4 million from Chemie-Tech DMCC in a Series A1 funding round.

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 (

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The Streamys Reveals The Disconnect Between Online Creators and Traditional Media

Kristin Snyder

Kristin Snyder is dot.LA's 2022/23 Editorial Fellow. She previously interned with Tiger Oak Media and led the arts section for UCLA's Daily Bruin.

tiktok influencers around a trophy ​
Andria Moore /Charli D'Amelio/Addison Rae/JiDion

Every year, the Streamy Awards, which is considered the top award show within the creator economy, reveals which creators are capturing the largest audiences. This past Sunday, the event, held at The Beverly Hilton, highlighted some of the biggest names in the influencer game, chief among them Mr. Beast and Charli D’Amelio. It had all the trappings of a traditional award show—extravagant gowns, quippy acceptance speeches and musical interludes. But, as TikTok creator Adam Rose told The Washington Post, the Streamys still lacks the legitimacy of traditional award shows.

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Slingshot Aerospace Raises $40 Million to Expand Space Object Sensor Network

Samson Amore

Samson Amore is a reporter for dot.LA. He holds a degree in journalism from Emerson College and previously covered technology and entertainment for TheWrap and reported on the SoCal startup scene for the Los Angeles Business Journal. Send tips or pitches to and find him on Twitter @Samsonamore.

Slingshot Aerospace Raises $40 Million to Expand Space Object Sensor Network
Photo: Slingshot Aerospace

Slingshot Aerospace, the El Segundo-based startup developing software for managing objects in space’s orbit, raised $40.9 million to build out its global network of sensors and recruit new customers both private and public.

The round was a follow-on to Slingshot’s $25 million Series A-1 raise in March.

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BlueLA, The Largest EV Car Sharing Program, Is Expanding

David Shultz

David Shultz reports on clean technology and electric vehicles, among other industries, for dot.LA. His writing has appeared in The Atlantic, Outside, Nautilus and many other publications.

charging station
Blink Charging

It ain’t easy being a charging company…or at least a lot of them aren’t making it look easy. Between reports of abysmal charger uptime, declining stock values, lack of standards and meaningless jargon (is “hyper” really faster than “ultra?”), the race to electrify America’s roads has been a bumpy one. For Miami-based Blink Charging, however, the solution to smoothing the transition may be about becoming more than just a charger company.

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