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XLA Tech Week: A Case for the CryptoMondays
Tech Week in L.A. is officially underway, and that sound you hear is drivers across the Westside searching for parking. Get in, losers, we’re sharing where we went and what we saw there.
Getting Prept For #LAtechweek
For a few lucky founders, Tech Week starts not with a bang, but a blow dry. Prept, a virtual styling and beauty startup that launched in March of 2020 out of Raleigh, North Carolina, has opened the doors of their Peerspace-rented West L.A. home to female Tech Week attendees looking for an aesthetic tune up.
The company’s energy is that of a Better Help or Airbnb, but for the beauty space. The Prept app matches clients with one the company’s 55 stylists or makeup artists, who design and source customized outfits and beauty looks. For the Sephora uninitiated, makeup looks also come with virtual application lessons.
On Monday between the hours of 3:00 and 4:30 p.m., women wander into the three-story house for hair, make up and styling appointments. Prept staff checks guests in on the first floor; vendors, snacks and beautification services are set up on the second. The third floor is reserved for bathrooms, but also ends up serving as a refuge for attendees looking to cram in a quick business call between events.
Founded by Nicole Teibel Boyd, Prept moved to L.A. from the East Coast about a year ago and relaunched the beta version of their app in February. Millennials comprise their target audience, and the company’s priorities are accessibility, affordability and sustainability. Nicole says Prept considers themselves label agnostic and is happy to work with whatever brands clients naturally gravitate towards.
Tech Week is only Prept’s tenth in-person event. In the two years since launching, they’ve held shindigs in cities like Atlanta and Indianapolis, but most of their work happens virtually. This part of their business model might be changing, however. In true Millennial fashion, Prept ascribes to a “we don’t say no to anything” philosophy when it comes to turning down work, and recently expanded into offering makeup consultations events for employees at companies like Lenovo.
Tech Week attendees are grateful for the beauty services, especially after the stress of trying to sign up for events. One founder says she struggled to find space, most notably in those events intended for female founders. She says she’s making it work by reaching out to old contacts, but the lack of access is creating challenges around meeting new people and networking.
CryptoMondays LA
“Are you here for CryptoMondays?” asks Kate, one of the organizers. “What's your crypto vibe?”
It’s the same question she’s asked every attendee who turns up at Clutch, a beloved Venice restaurant known for their Northern Mexico cuisine and weekly, outdoor crypto meetups.
Tech Week is temporary, but CryptoMondays are forever. Or at least for the foreseeable future. Originally founded in New York City in 2017 by Lou Kerner – who also happens to be one of the many attendees at yesterday’s L.A. event – CryptoMondays has flourished. In the last five years, independent chapters of the meetup group have sprung up in cities across the globe.
Answers to Kate’s introductory pick-up line about crypto vibes vary. The attendees tonight are builders, consultants, NFT fans, bitcoin investors, founders, Web 3.0 enthusiasts and diners who wandered over from Clutch’s adjacent patio to see what all the fuss was about.
Online, CryptoMondays describes itself as a "decentralized global community that shares a passion for crypto, blockchain and how it's going to change the world in dramatic ways." In person, Kate explains the group’s focus is on education and the meetup is intended for people of all levels of experience and involvement.
As Clutch’s back patio fills up, then overflows into the parking lot, Kate darts between the attendees, taking on the role of crypto matchmaker. She asks guests about their interests in the space, then introduces them to someone she thinks might have complementary goals. The first hour of the event passes in a flurry of networking, discussions about which blockchains people are using and misplaced cocktails.
On any given week, the L.A. chapter of CryptoMondays attracts between 50 and 200 nerds at a time. Meetups include a speaker, plus time set aside for attendees to mingle and ask questions. In past weeks, discussions have focused on DeFi crypto and decentralization and creating your own society. Kate says the group is committed to building community: political opinions run the gamut, but attendees are united by their view of what tech can do for the future.
The Tech Week event is standing-room only, but since the featured speaker, Jess Furman, only talks for ten minutes, it isn’t an issue. A music executive, creative strategist and a core member and co-lead of the Blu3 Angels Network for Blu3 DAO, Jess gives tips about early stage funding for Web 3 projects. She also discusses her passion project, which employs distributive ledger technology to create the first transparent music industry database, in an attempt to ensure unclaimed royalties reach the artists who rightfully deserve them.
Crypto vibes may vary, but the energy at CryptoMondays is undeniably positive. Going forward, interested parties can get involved with the LA chapter by attending a meetup and joining their Telegram group. The meetup’s organizers say they need to add people to the group in-person because – in true Telegram fashion – it’s recently been overrun by bots.
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🔦 Spotlight
Happy Friday, Los Angeles.
Nine months ago, Northwood Space was operating from a 35,000-square-foot facility in Torrance. Today, it occupies a factory more than five times the size, has deployed six ground sites across two continents and is reportedly worth $2B.
Aerospace companies are not generally known for moving this quickly.
When dot.LA last covered Northwood, the company had just raised a $100M Series B and secured a nearly $50M contract with the U.S. Space Force. The deal established Northwood as one of the more closely watched companies working on the essential infrastructure that keeps satellites connected to Earth.
Less than a year later, Northwood is operating at a considerably different scale.
The company announced this week that it raised a $375M Series C co-led by Andreessen Horowitz and DFJ Growth, with additional investment from Washington Harbour Partners, Alpine Space Ventures, StepStone, In-Q-Tel and others. The round values Northwood at a reported $2B. A separate credit facility from HSBC Innovation Banking will provide additional support for working capital and network expansion.
The financing is notable. What Northwood accomplished between rounds is the more interesting part.
Since January, the company has deployed six ground sites across two continents, demonstrated communication with a government satellite in geosynchronous orbit and introduced a high-throughput antenna system for moving larger volumes of data. It also opened a 185,000-square-foot headquarters and factory in Torrance, expanding its manufacturing footprint more than fivefold.
Northwood now employs more than 140 people and plans to add 400 jobs across Torrance and Washington, D.C., over the next three years.
The company builds the infrastructure that allows satellites to exchange commands and data with operators on Earth. Rather than requiring every satellite company to develop its own ground stations, Northwood is creating a shared network that commercial operators and government agencies can access as needed.
Think cloud infrastructure, except the servers are antennas and adding capacity requires considerably more than clicking a button.
That distinction matters. Software companies can often scale by purchasing additional computing power. Northwood must manufacture physical systems, establish sites around the world and reliably serve customers operating across multiple orbits.
Its new Torrance factory is central to that plan. The facility is designed to produce hundreds of antennas each year, giving Northwood the manufacturing capacity to expand its network faster than traditional ground infrastructure can typically be built.
Demand is moving just as quickly. The number of active satellites worldwide grew from roughly 3,000 in 2020 to more than 14,000 by the end of 2025. Every one of them eventually needs to send information somewhere, and existing ground networks were not designed for the volume of missions now entering orbit.
Northwood’s previous funding helped prove it could build the technology and win serious customers. This round is about turning that early progress into global infrastructure.
The question is no longer whether Northwood can build a modern ground network. It is whether the company can make Torrance-built hardware the default connection layer for a rapidly expanding space economy.
With another $375M behind it, that test begins now.
More from this week’s LA startup and venture scene below.
🤝 Venture Deals
LA Companies
- Guava, a Los Angeles-based developer platform for building AI voice agents, raised a $12.5M seed round led by Acrew Capital, with participation from Flourish Ventures, WillowTree Ventures, Clocktower Ventures and existing investor Commerce Ventures. The company will use the funding to further develop its voice AI models and products while building a go-to-market team focused on enterprises and business process outsourcing providers. - learn more
- Blue Bear Capital participated in Ocient’s $100M Series C alongside Greycroft, In-Q-Tel, Buoyant Ventures and other existing investors, while BOKA Capital and OCA Ventures co-led the round. The data analytics and AI infrastructure company will use the funding to expand OcientAIQ, its platform for delivering fast, reliable answers from petabyte-scale datasets, and bring its technology to more customers globally. - learn more
- Mystic Ventures participated in Siggy’s $6M pre-seed round, which was led by Village Global and also included PsyMed Ventures, Coalition Operators and several angel investors. Founded by veterans of Nurx and Journey Clinical, Siggy combines AI, wearable data and licensed clinicians to monitor patients between mental health appointments, with the funding supporting product development, regulatory work and hiring across its clinical and engineering teams. - learn more
- Grid Capital and Thin Line Capital participated in Strive Robotics’ more than $3M pre-seed round alongside Tenon Ventures, with Hi Ventures leading the financing. The Cambridge-based startup develops adaptable robots that can learn complete manufacturing workflows and operate existing factory equipment, with the funding supporting product development, hiring and early customer deployments. - learn more
- Sum Ventures participated in Circularity Fuels’ $7M seed round alongside Automotive Ventures, with DCVC and Trucks Venture Capital co-leading the financing. The company converts dairy biogas into sustainable aviation fuel and will use the capital to build a demonstration plant, design its first commercial facility and begin licensing its reactor technology to outside partners. - learn more
- Griffin Gaming Partners participated in EloElo Group’s $80M Series C alongside MIT Investment Co., Play Ventures, Kalaari Capital and WaterBridge Ventures, while Hornbill Capital and NBCUniversal co-led the round. The Bengaluru-based entertainment company will use the funding to produce more original microdramas across multiple languages, expand its Story TV platform internationally and continue developing Dolphin AI, its AI-powered creative suite. - learn more
- Mucker Capital participated in Lazarus AI’s $43M funding round alongside QBE, State Farm Ventures, Wave Function Ventures, Techstars and several other investors. The Boston-based company develops AI systems for enterprises and government agencies that retain control over their data, models and deployment, with the new capital supporting research and development, strategic partnerships and new product launches. - learn more
- Alexandria Venture Investments continued its support of Thryv Therapeutics by participating in the company’s $30M Series B, which was led by InClin and included several other existing investors. The clinical-stage biotech will use the funding to launch a Phase 2a study of THRV-1268 in patients with heart failure and evaluate the drug’s safety and potential effects on cardiac function and arrhythmia risk. - learn more
- Supply Change Capital led Kodiact’s $2.5M pre-seed round, with participation from Green Circle Foodtech Ventures and Velocity Catalyst. Kodiact helps manufacturers anticipate raw-material price swings and simulate sourcing decisions, and will use the funding to expand its market data and AI capabilities, grow enterprise deployments and enter additional industries including cosmetics, packaging and chemicals. - learn more
Your Bank Wants to Cancel Your Subscriptions
🔦 Spotlight
Hello, LA.
Somewhere between the streaming service you still use and the free trial you forgot to cancel, recurring payments have become a surprisingly complicated part of modern financial life.
Los Angeles-based ScribeUp believes your bank should help manage them.
The fintech company raised a $13M Series A led by Curql, with participation from Mucker Capital and Service Ventures. The financing includes $10M in equity and a $3M venture debt facility, bringing ScribeUp new capital to expand its team, accelerate sales and further develop its AI-powered bill-management technology.
The product is designed to live directly within the apps of banks, credit unions, fintechs and neobanks. Instead of simply showing customers that a recurring charge occurred, ScribeUp gives them tools to do something about it.
That could mean canceling a forgotten subscription, changing a payment method, accessing an advance or exploring refinancing options for an outside loan, all without leaving the financial institution’s app.
It sounds like a useful feature. It is also part of a much larger contest over who gets to manage the consumer’s financial life.
For years, banks have held customers’ money while third-party apps have increasingly helped them understand and manage it. Budgeting platforms organize spending. Subscription services identify recurring charges. Fintech apps recommend ways to save, borrow or invest.
Now AI assistants are beginning to combine those functions into a single interface capable of not only analyzing financial information, but acting on it.
That creates a risk for traditional financial institutions. If consumers begin turning to an outside app whenever they need to cancel a service, manage a bill or make a financial decision, their bank could become little more than the infrastructure beneath someone else’s customer experience.
ScribeUp offers banks a way to compete without building that technology themselves.
Its platform combines recurring-payment information with the financial context a bank already has, including balances, cash flow and payment timing. That allows a financial institution to do more than flag an upcoming charge. It can potentially recommend and execute an action based on the customer’s broader financial position.
ScribeUp says its technology is already used by more than 60 banks, credit unions, fintechs and neobanks. It can be added through an API, software development kit or embedded interface, allowing institutions to introduce bill-management features without creating the underlying infrastructure from scratch.
The new funding will support more advanced AI capabilities that can take action across different billers. That distinction matters. The first generation of personal finance software helped people see where their money was going. The next generation wants permission to do something about it.
For banks, the opportunity is straightforward: become more useful before another app takes their place.
For consumers, the appeal may be even simpler. Most people do not want another financial dashboard. They want the unwanted charge to stop.
The next battle in banking may not be over who holds your money.
It may be over who gets to press cancel.
More from this week’s LA startup and venture scene below.
🤝 Venture Deals
LA Companies
- International Dance League raised a $15M Series A led by Elysian Park Ventures, with participation from Sony, KB Partners, APEX, Yamaha Music Innovations Fund and October Ventures. Following a debut season that sold out all six events and generated 2B views, IDL will use the funding to expand its tour, strengthen team and dancer operations, improve broadcast production and develop new fan experiences for 2027. - learn more
- Santa Fe Springs-based DrizzleX raised a $6.8M Series A-2 led by Israel Investment Fund Group, with several of the water-management platform’s own customers also investing. The company will use the funding to expand sales, streamline hardware manufacturing, build partnerships and develop new products that help property owners detect leaks, reduce water use and lower operating costs. - learn more
- POV Beauty raised an undisclosed Series A led by Silas Capital, with participation from RÉDO Capital and existing investor Imaginary Ventures. The skin-prep brand will use the funding to build on its nationwide Sephora launch, expand its team and TikTok Shop presence, and develop more skincare-makeup hybrid products. - learn more
- Chapter One participated in Warp Sciences’ $215M Series A, which was led by Lightspeed and included a large group of venture firms and angel investors. The company is building AI-powered, increasingly automated laboratories that will manufacture and test molecules for drug developers, aiming to accelerate preclinical research while expanding scientific infrastructure in the U.S. - learn more
- Capital Group participated in Legora’s $550M Series E, which was led by Atreides Management and valued the legal AI company at $8.8B. Legora will use the funding to expand across the U.S. and international markets while developing new capabilities for its agentic operating system, which is used by more than 140,000 legal professionals. - learn more
- Group 11 participated in CapitalOS’ $21.9M Series A, which was led by LGVP and included WEX Venture Capital, Great North Ventures and Night Capital. CapitalOS will use the funding to scale its infrastructure, which enables B2B software platforms to quickly offer financial products while outsourcing functions such as compliance, risk management and underwriting. - learn more
- Starshot Capital participated in IMIO’s $12M funding round, which was led by Sofinnova Partners and included Chipotle’s Cultivate Next, Grow Together Salinas, Earth Foundry and Serra Ventures. The agricultural biotechnology company will use the capital to build a Chicago headquarters, laboratory and manufacturing facility for its freeze-dried microbial products, which are designed to improve soil health and crop yields. - learn more
- SUM Ventures participated in Vectorial’s $3M seed round, which was co-led by Smilegate and SenseAI Ventures and included several investors connected to UC Berkeley and Stanford. The startup will use the funding to scale its AI-powered consumer research platform, which lets companies test products, marketing campaigns and AI agents against simulated audiences before launching them publicly. - learn more
- Wave Function Ventures participated in Stellios Technologies’ oversubscribed $5M pre-seed round alongside Sofreh Capital, Cubit Capital, Mana Ventures, Atoms & Bits and other investors. The Austin-based company will use the funding to deliver its first high-power microwave systems, establish domestic research and manufacturing facilities, grow its team and advance technologies spanning directed energy, compact fusion and next-generation propulsion. - learn more
- Upfront Ventures participated in Daytona’s $60M Series B, marking the Santa Monica firm’s third investment round with the company. Led by FirstMark Growth, the financing valued Daytona at $1B and will help the startup expand sales and engineering for its cloud infrastructure, which provides secure virtual computers where AI agents can execute tasks. - learn more
- Core Innovation Capital participated in Delegance Brokerage’s $3.1M pre-seed round, which was led by Grit Capital Partners and included Gilgamesh Ventures and Outside VC. The AI-powered commercial insurance brokerage will use the funding to hire licensed brokers and engineers and expand partnerships as it promotes a flat 5% fee model in place of traditional commissions. - learn more
- Core Innovation Capital participated in Prism Data’s $20M Series A, which was led by Story Ventures and included FINTOP Capital, Obvious Ventures, 1st & Main Growth Partners and Mana Ventures. Prism will use the funding to expand its cash-flow underwriting technology, AI infrastructure and data science team while growing across the U.S. and Canada and preparing for international expansion. - learn more
LA Exits
- Sanctuary has been acquired by WSG Brands, adding the contemporary women’s label to a portfolio that includes Von Dutch, Nasty Gal and Allbirds. The purchase price was not officially disclosed, though earlier documents placed it at $67M; WSG plans to expand Sanctuary internationally and into new categories, while founders Ken and Debra Polanco will remain involved. - learn more
- SecureNet Solutions was acquired by CompassMSP, expanding the managed IT and cybersecurity provider’s presence on the West Coast. The deal gives SecureNet’s real estate, healthcare and professional services clients access to CompassMSP’s national cybersecurity, compliance and advisory resources while retaining their existing service team; financial terms were not disclosed. - learn more


