This Week in ‘Raises’: ImmunityBio Snags $50M, Stelo Lands $6M
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.
Local immunotherapy platform ImmunityBio raised equity financing to provide further working capital and support its business operations, while web3 security company landed fresh funding to expand the team and develop an embedded version of its API product.
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Venture Capital
ImmunityBio, a Culver City-based immunotherapy platform, raised $50 million in equity financing from multiple institutional investors.
Stelo Labs, a Walnut-based web3 security company raised a $6 million seed round led by Andreessen Horowitz.
Santa Monica-based enterprise software company Stakeholder Labs raised a $4.2 million seed funding round led by Seven Seven Six.
Per an SEC filing, San Diego-based online consumer research platform GroupSolver raised $2.8 million in funding.
VIE Technologies Inc, a San Diego-based automation manufacturing company raised $2.1 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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