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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