This Week in ‘Raises’: Miracle Miles Lands $100M, Fintech Startup Tapcheck Hauls $20M

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’: Miracle Miles Lands $100M, Fintech Startup Tapcheck Hauls $20M
Image by Joshua Letona

In this week’s edition of “Raises”: An L.A.-based footwear company closed $100 million to boost its expansion into the global market, while there were Series A raises for local fintech, biotech and space startups.


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Venture Capital

Miracle Miles Group, an L.A.-based footwear company, raised a $100 million Series A funding round co-led by IDG Capital and Sequoia Capital China.

Deno, a San Diego-based software development startup, raised a $21 million Series A funding round led by Sequoia Capital.

Tapcheck, an L.A.-based financial wellness startup that helps workers access their paycheck before payday, raised a $20 million Series A funding round led by PeakSpan Capital.

Gemelli Biotech, an L.A.- and Raleigh, N.C.-based biotech startup focused on gastrointestinal diseases, raised a $19 million Series A financing round led by Blue Ox Healthcare Partners.

Epsilon3, an L.A.-based space operations software startup, raised a $15 million Series A funding round led by Lux Capital.

Global Premier Fertility, an Irvine-based fertility company, raised an $11 million Series C funding round led by Triangle Capital Corporation.

Vamstar, an L.A.- and London-based medical supply chain platform, raised a $9.5 million Series A funding round co-led by Alpha Intelligence Capital and Dutch Founders Fund.

System 9, an L.A.-based digital asset market-making firm focused on the crypto altcoin market, raised a $5.7 million Series A funding round led by Capital6 Eagle.

Myria, an L.A.-based online marketplace of luxury goods and services, raised a $4.3 million seed round from Y Combinator, Backend Capital, Cathexis Ventures and other angel investors.

Binarly, an L.A.-based firmware cybersecurity company, raised a $3.6 million seed round from WestWave Capital and Acrobator Ventures.

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).

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'The Writing's on the Wall': Electric Batteries' Rapid Progress May Have Just Doomed Natural Gas Trucks

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.

'The Writing's on the Wall': Electric Batteries' Rapid Progress May Have Just Doomed Natural Gas Trucks
Image from Tesla

Last month, when dot.LA toured the Hexagon Purus facility in Ontario, California, multiple employees bemoaned the California Air Resources Board’s (CARB) ruling on renewable natural gas (RNG) as a hindrance to decarbonizing trucking-haul trucking. They argued that keeping RNG classified as a “near-zero emission” fuel prevented companies using financial incentives like the Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project, which, as the name suggests, is only available to true zero-emission trucks. The effect, they said, was that the agency was missing an opportunity to accelerate the state’s transition away from diesel.

But over the weekend, Tesla CEO Elon Musk took to Twitter to announce that the EV company’s battery powered class 8 semi-truck had completed a 500-mile trip fully loaded (to the tune of 81,000 lbs). It now appears CARB’s refusal to classify renewable natural gas (RNG) as a zero-emission fuel source was ultimately the right decision.

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Hoopla’s Deron Quon on Keeping Perspective as a Founder

Minnie Ingersoll
Minnie Ingersoll is a partner at TenOneTen and host of the LA Venture podcast. Prior to TenOneTen, Minnie was the COO and co-founder of $100M+ Shift.com, an online marketplace for used cars. Minnie started her career as an early product manager at Google. Minnie studied Computer Science at Stanford and has an MBA from HBS. She recently moved back to L.A. after 20+ years in the Bay Area and is excited to be a part of the growing tech ecosystem of Southern California. In her space time, Minnie surfs baby waves and raises baby people.
Hoopla’s Deron Quon
Image courtesy of Deron Quon.

On this episode of the L.A. Venture podcast, serial founder and angel investor Deron Quon discusses the human side of entrepreneurship and how a founder’s ethos can impact company culture.

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