This Week in 'Raises': Leo DiCaprio Helps Launch a New Sustainable VC 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.

This Week in 'Raises': Leo DiCaprio Helps Launch a New Sustainable VC Fund
Photo by Andrea Raffin/ Shutterstock
This week in “Raises,” Hadrian Automation lands Silicon Valley backing for a new automated factory in Torrance, while a new sustainable venture capital fund launches with the help of Leo DiCaprio.

Venture Capital

Collectors, a Santa Ana-based collectibles marketplace, raised $100 million in funding led by investors Nat Turner, D1 Capital Partners, Cohen Private Ventures and TCG Capital Management.

Hadrian Automation, a Hawthorne-based automated manufacturing startup, raised $90 million in funding co-led by Andreessen Horowitz and Lux Capital.

Yami, an L.A.-based online store selling Asian goods, raised a $50 million Series B round co-led by Altos Ventures and Balsam Bay Partners.

Newport Beach-based biometric data company VivoSense raised a $25 million Series A round co-led by Perceptive Xontogeny Venture Fund and the Debiopharm Innovation Fund.

San Diego-based finance platform Mosaic raised a $25 million Series B round led by Founders Fund.

Impulse Space Propulsion, an El Segundo-based space transportation services company, raised a $20 million seed round led by Founders Fund.

SimWin, an L.A.-based NFT fantasy sports startup, raised $6.2 million in funding, per an SEC filing.

Crypto Raiders, an L.A.-based NFT marketplace, raised $6 million in funding co-led by DeFiance Capital and Delphi Digital.

L.A.-based digital fashion tech company BODS raised a $5.6 million seed round led by Peter Boyce II at Stellation Capital.

Leaf Agriculture, an L.A.-based agriculture data company, raised $5 million in seed funding led by S2G Ventures.

Irvine-based remote work platform Wing Assistant raised a $2.1 million seed round from Surface Ventures, Brookstone Venture Capital and UC Berkeley SkyDeck.


Wave Financial, an L.A.-based digital asset investent management firm, launched its $100 million Wave ADA Yield Fund to invest in decentralized finance (DeFi) platforms using the Cardano blockchain.

Regeneration.VC, an L.A.-based venture capital firm, raised a $45 million fund to invest in “circular and regenerative” consumer materials, technologies and brands. The fund’s investors include actor Leonardo DiCaprio and musician Martin Gore, as well as San Francisco venture firm Tribe Capital.

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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Genies Wants To Help Creators Build ‘Avatar Ecosystems’

Christian Hetrick

Christian Hetrick is dot.LA's Entertainment Tech Reporter. He was formerly a business reporter for the Philadelphia Inquirer and reported on New Jersey politics for the Observer and the Press of Atlantic City.

Genies Wants To Help Creators Build ‘Avatar Ecosystems’

When avatar startup Genies raised $150 million in April, the company released an unusual message to the public: “Farewell.”

The Marina del Rey-based unicorn, which makes cartoon-like avatars for celebrities and aims to “build an avatar for every single person on Earth,” didn’t go under. Rather, Genies announced it would stay quiet for a while to focus on building avatar-creation products.

Genies representatives told dot.LA that the firm is now seeking more creators to try its creation tools for 3D avatars, digital fashion items and virtual experiences. On Thursday, the startup launched a three-week program called DIY Collective, which will mentor and financially support up-and-coming creatives.

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Here's What To Expect At LA Tech Week

Christian Hetrick

Christian Hetrick is dot.LA's Entertainment Tech Reporter. He was formerly a business reporter for the Philadelphia Inquirer and reported on New Jersey politics for the Observer and the Press of Atlantic City.

Here's What To Expect At LA Tech Week

LA Tech Week—a weeklong showcase of the region’s growing startup ecosystem—is coming this August.

The seven-day series of events, from Aug. 15 through Aug. 21, is a chance for the Los Angeles startup community to network, share insights and pitch themselves to investors. It comes a year after hundreds of people gathered for a similar event that allowed the L.A. tech community—often in the shadow of Silicon Valley—to flex its muscles.

From fireside chats with prominent founders to a panel on aerospace, here are some highlights from the roughly 30 events happening during LA Tech Week, including one hosted by dot.LA.

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PCH Driven: Director Jason Wise Talks Wine, Documentaries, and His New Indie Streaming Service SOMMTV

Jamie Williams
­Jamie Williams is the host of the “PCH Driven” podcast, a show about Southern California entrepreneurs, innovators and its driven leaders on their road to success. The series celebrates and reveals the wonders of the human spirit and explores the motivations behind what drives us.
Jason Wise holding wine glass
Image courtesy of Jason Wise

Jason Wise may still consider himself a little kid, but the 33-year-old filmmaker is building an IMDB page that rivals colleagues twice his age.

As the director behind SOMM, SOMM2, SOMM3, and the upcoming SOMM4, Wise has made a career producing award-winning documentary films that peer deep into the wine industry in Southern California and around the world.

On this episode of the PCH Driven podcast, he talks about life growing up in Cleveland as a horrible student, filmmaking, Los Angeles and his latest entrepreneurial endeavor: A streaming service called SOMMTV that features–what else?–documentaries about wine.

The conversation covers some serious ground, but the themes of wine and film work to anchor the discussion, and Wise dispenses bits of sage filmmaking advice.

“With a documentary you can just start filming right now,” he says. “That’s how SOMM came about. I got tossed into that world during the frustration of trying to make a different film, and I just started filming it, because no one could stop me because I was paying for it myself. That’s the thing with docs,” or “The good thing about SOMM is that you can explain it in one sentence: ‘The hardest test in the world is about wine, and you’ve never heard about it.’”

…Or at least maybe you hadn’t before he made his first film. Now with three SOMM documentaries under his belt, Wise is nearing completion of “SOMM4: Cup of Salvation,” which examines the history of wine’s relationship with religion. Wise says it’s “a wild film,” that spans multiple countries, the Vatican and even an active warzone. As he puts it, the idea is to show that “wine is about every subject,” rather than “every subject is about wine.”

For Wise, the transition to launching his own streaming service came out of his frustration with existing platforms holding too much power over the value of the content he produces.

“Do we want Netflix to tell us what our projects are worth or do we want the audience to do that?” he asks.

But unlike giants in the space, SOMMTV has adopted a gradual approach of just adding small bits of content as they develop. Without the need to license 500 or 1,000 hours of programming, Wise has been able to basically bootstrap SOMMTV and provide short form content and other more experimental offerings that typically get passed over by the Hulus and Disneys of the world.

So far, he says, the experiment is working, and now Wise is looking to raise some serious capital to keep up with the voracious appetites of his subscribers.

“Send those VCs my way,” Wise jokes.

Subscribe to PCH Driven on Apple, Stitcher, Spotify, iHeart, Google or wherever you get your podcasts.

dot.LA reporter David Shultz contributed to this report.