This Week in ‘Raises’: Snappt Snaps Up $100M, Propel Bio Seeks $150M Fund

Decerry Donato

Decerry Donato is dot.LA's Editorial Fellow. Prior to that, she was an editorial intern 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’: Snappt Snaps Up $100M, Propel Bio Seeks $150M Fund
Photo by Kanchanara on Unsplash

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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 (decerrydonato@dot.la).


Venture Capital

Snappt, a West Hollywood-based proptech startup that flags fraudulent rental applications for landlords, raised a $100 million Series A funding round led by Insight Partners.

Bambee, an L.A.-based startup providing human resources for small- and medium-sized businesses, raised $30 million in Series C funding led by QED Investors.

San Diego-based vintage furniture brand Loveseat raised $7 million in Series A funding led by Bessemer Venture Partners.

Venice-based comedy platform Almost Friday Media raised a $6 million seed round of $6 million from investors including Tim Armstrong, Robert Greenhill and Sharp Alpha Advisors.

L.A.-based cannabis wellness company Jointly raised $5 million in seed funding from the sale of convertible promissory notes to private investors.

Battlebound, the L.A.-based video game developer behind the Web3 game Evaverse, raised $4.8 million backed by 14 unnamed investors, per an SEC filing.

Zitti, a Santa Monica-based fintech platform for restaurants, raised $4 million led by Crossbeam Venture Partners.

Beverly Hills-based blockchain startup NFT Brands raised $3.6 million in funding, according to an SEC filing.

Funds

Propel Bio Partners, an L.A.-based investment firm led by former Athira Pharma CEO Leen Kawas and Kayne Anderson founder Richard Kayne, is seeking to raise $150 million for its debut fund, per an SEC filing.

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David Shultz is a freelance writer who lives in Santa Barbara, California. His writing has appeared in The Atlantic, Outside and Nautilus, among other publications.

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Courtesy of Rivian.

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