This Week in ‘Raises’: Swell Energy Lands $120M, Modyfi Draws in $8M
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.
As funding in Los Angeles continues to slow down, Swell Energy still managed to raise fresh funding to accelerate the company's mission to deploy 26,000 energy storage systems in homes and businesses across the United States.
Venture Capital
Swell Energy, a Santa Monica-based energy management and smart grid solutions provider, raised a $120 million Series B funding round co-led by SoftBank Vision Fund 2 and Greenbacker Development Opportunities Fund I, LP.
Los Angeles-based image editing tool platform Modyfi raised $8 million in funding, per an SEC filing.
Funds
Per an SEC filing, Beverly Hills-based venture capital and private equity firm Muse Capital raised $6 million in funding.
Smash Ventures, a Los Angeles-based venture capital and private equity firm raised $5 million in funding, per an SEC filing.
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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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.
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