This Week in ‘Raises’: Telesair Picks Up $22M, Kingswood Capital Lands $620M

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’: Telesair Picks Up $22M, Kingswood Capital Lands $620M

Telesair, a local respiratory startup, secured fresh funding to commercialize its Bonhawa Respiratory Humidifier that is designed for use in the ICU and support the development of new products, while Los Angeles-based Kingswood Capital exceeded its target on its second fund.


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Venture Capital

Irvine-based respiratory care startup Telesair raised a $22 million Series A funding round led by Pasaca Capital.

PBS Biotech, a Camarillo-based company that develops single use bioreactors for the biotech industry raised a $22 million financing round led by Avego Management, LLC.

Alume Biosciences, a San Diego-based company that develops nerve illumination technology designed to help doctors perform precision surgery, raised a $13 million Series B financing round.

San Diego-based artificial intelligence startup Personal.ai raised $7.8 million in funding. Investors that participated in this round include Supernode Global, Differential Ventures, BBG Ventures, Beni VC, Village Global, Keshif Ventures, and Good Friends, a VC led by the founders of Warby Parker, Harry’s, and Allbirds.

Live Data Technologies, a Santa Barbara-based data aggregation and validation platform company raised a $5 million Series A funding round.

PhenoVista BioSciences, a San Diego-based biotechnology company, raised $3 million in funding, per an SEC filing.

San Diego-based digital health startup CARI Health raised a $2.3 million seed funding round led by the San Diego Angel Conference (SDAC).

CRISPR QC, a San Diego-based analytics platform intended to simulate the gene editing process before introduction to cells, raised a $1.6 million seed funding round led by Serra Ventures.

Funds

Kingswood Capital Management, a Los Angeles-based private investment firm raised $620 million for its second fund.

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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Cadence

March Capital Raises $650 Million Fund to Invest in AI Startups

Samson Amore

Samson Amore is a reporter for dot.LA. He holds a degree in journalism from Emerson College and previously covered technology and entertainment for TheWrap and reported on the SoCal startup scene for the Los Angeles Business Journal. Send tips or pitches to samsonamore@dot.la and find him on Twitter @Samsonamore.

March Capital Raises $650 Million Fund to Invest in AI Startups
March Capital founder Jamie Montgomery. Illustration by Dilara Mundy.

Santa Monica-based venture outfit March Capital announced Feb. 3 that it raised its largest fund to date, a $650 million investment vehicle that will be used to back up to 15 startups focused on delivering new uses of artificial intelligence.

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samsonamore@dot.la

The Three Best Ways to Work With Your Startup Board

Spencer Rascoff

Spencer Rascoff serves as executive chairman of dot.LA. He is an entrepreneur and company leader who co-founded Zillow, Hotwire, dot.LA, Pacaso and Supernova, and who served as Zillow's CEO for a decade. During Spencer's time as CEO, Zillow won dozens of "best places to work" awards as it grew to over 4,500 employees, $3 billion in revenue, and $10 billion in market capitalization. Prior to Zillow, Spencer co-founded and was VP Corporate Development of Hotwire, which was sold to Expedia for $685 million in 2003. Through his startup studio and venture capital firm, 75 & Sunny, Spencer is an active angel investor in over 100 companies and is incubating several more.

The Three Best Ways to Work With Your Startup Board

When launching and running a startup, your board of directors is one of your most valuable assets. If you already understand why you need a board and how to structure your board, it may be tempting to think you can cross that item off the list. But building a board is just the beginning. Now you’ve got to get down to business—together.

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admin@dot.la

This Week in ‘Raises’: Saviynt Lands $205M, Pagos Secures $34M

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’: Saviynt Lands $205M, Pagos Secures $34M
This Week in ‘Raises’:

While it was a slow week of funding in Los Angeles, security vendor Saviynt managed to score $205 million that will be used to meet the company’s growing demand for its converged identity platform and accelerate innovation.

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