Raises

"Raises" is dot.LA’s weekly feature highlighting venture capital funding news across Southern California’s tech and startup ecosystem.
This Week in ‘Raises’:

Local digital health company SpectrumAI raises fresh funding to accelerate the company’s applied behavior analysis (ABA) electronic health record, Twyll, and Patterns, while health and performance advisor Fount will use its new funding to advance its mission to make tailored health and performance programs more accessible.

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This Week in ‘Raises’:

A local social media marketing platform raised over $100 million to invest in artificial intelligence technology and expand into new markets including manufactured goods. While one San Diego biotechnology company also landed $100 million to develop its precision therapies to transform the treatment of neurological disorders.

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Courtesy of Spatial Labs

In January, web3 infrastructure and hardware company Spatial Labs landed $10 million in funding led by Blockchain Capital, making founder Iddris Sandu the youngest black entrepreneur to raise a double digit seed round. Marcy Venture Partners, the firm co-founded by Jay-Z also participated in this round.

“Moments like this give more founders and more VCs the confidence to back and be confident in sort of their general investment thesis around focusing on women of color, focusing on founders of color,” Sandu expressed. “Moments like this is what makes it worth it and is really what's responsible for breaking down those barriers.”

In 2020, Sandu founded Spatial Labs to do exactly that–build a company that is developing technologies that can make an impact globally.

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