‘Raises’: Tom Brady’s Production Company Lands $50M, Wavemaker 360 Closes $64M Health Care Fund

Decerry Donato

Decerry Donato is dot.LA's Editorial Fellow. Prior to that, she was an editorial intern 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.

Raises
Image by Joshua Letona

This week in “Raises”: San Diego led the way with big funding hauls for a pair of biotech and aviation startups based there, while yet another L.A.-based Tom Brady venture landed a raise of its own. Meanwhile, a Pasadena health care VC launched its second fund.


Venture Capital

Resilience, a San Diego-based biomanufacturing company, raised a $625 million Series D financing round from undisclosed investors. The company also disclosed a previously unannounced $600 million Series C round raised last year.

Shield AI, a San Diego-based developer of AI pilots for aircraft, raised a $90 million Series E equity round led by Snowpoint Ventures’ Doug Philippone.

Religion of Sports, a Santa Monica-based sports media production company co-founded by NFL legends Tom Brady and Michael Strahan, raised a $50 million Series B funding round led by Shamrock Capital.

Trovata, a San Diego-based open banking platform, raised a $27 million Series B funding round led by Fin Capital.

Calaxy, an L.A.-based Web3 social media app co-founded by NBA player Spencer Dinwiddie, raised $26 million in new funding co-led by the HBAR Foundation and Animoca Brands.

Just Women’s Sports, an L.A.-based media platform dedicated to women’s sports, raised a $6 million funding round led by Blue Pool Capital.

Adim, an L.A.-based Web3 content creation platform co-founded by actor Rob McElhenney, raised $5 million in seed funding led by Andreessen Horowitz general partner Chris Dixon.

Gander, an L.A.-based ecommerce startup, raised a $4.2 million seed round co-led by Harlem Capital and Crossbeam Venture Partners.

Aliso Viejo-based medical device company Bright Uro raised $4 million in seed financing from Academy Investor Network, Fred Moll, and other angel investors. It also received a $2 million grant from the National Institutes of Health (NIH).

IndieFlow, a Santa Monica-based platform for independent music artists, raised $4 million in funding led by State of Mind Ventures.

Curio, a Santa Monica-based NFT analytics startup, raised a $3.7 million seed funding round led by Alexis Ohanian’s 776.

Ivella, a Santa Monica-based fintech startup targeted toward couples, raised $3.5 million in funding from Anthemis, Financial Venture Studio and Soma Capital.

Revolution RE, an L.A.-based data and analytics platform for residential real estate companies, raised a $3 million funding round from investors including 29th Street Ventures, Moderne Ventures, Techstars, PLG Ventures, Silicon Badia and Jason Calacanis' LAUNCH.

De Oro Devices, a San Luis Obispo-based startup specializing in devices for people living with Parkinson’s disease, raised a $2.8 million seed funding round led by True Wealth Ventures.

L.A.-based blockchain gaming site Haste Arcade raised $1.5 million in seed funding led by Logic Boost Labs CEO Jonathan Cogley.

Funds

Wavemaker 360 Health, a Pasadena-based venture fund focused on seed-stage health care startups, closed its $64 million 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

Regard Raises $15M for AI-Powered Software That Help Doctors Diagnose Patients

Decerry Donato

Decerry Donato is dot.LA's Editorial Fellow. Prior to that, she was an editorial intern 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.

Regard Raises $15M for AI-Powered Software That Help Doctors Diagnose Patients
Courtesy of Regard

Culver City-based health care startup Regard, which uses AI-driven software to help physicians accurately diagnose patients, has raised $15.3 million in Series A funding.

Pasadena-based Calibrate Ventures and Colorado-based Foundry Group led the investment in Regard, formerly known as HealthTensor. Other investors that participated in the round include TenOneTen Ventures, Susa Ventures, Brook Byers of Byers Capital and Dropbox CEO Drew Houston. The new funding will be used to grow Regard’s team and customer base, the company said in a press release.

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This Week in 'Raises': Regard Secures $15M, MaC Venture Capital Raises $203M for Second Fund

Decerry Donato

Decerry Donato is dot.LA's Editorial Fellow. Prior to that, she was an editorial intern 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': Regard Secures $15M, MaC Venture Capital Raises $203M for Second Fund
Image by Joshua Letona

This week in “Raises”: A local healthcare startup secured funding to help grow the team and deploy its software to more physicians and hospitals, while Black-led, seed-stage venture capital firm surpassed its goal for its second fund.

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Braid Theory's Plan to Foster the Next Generation of Ocean Tech Startups

Keerthi Vedantam

Keerthi Vedantam is a bioscience reporter at dot.LA. She cut her teeth covering everything from cloud computing to 5G in San Francisco and Seattle. Before she covered tech, Keerthi reported on tribal lands and congressional policy in Washington, D.C. Connect with her on Twitter, Clubhouse (@keerthivedantam) or Signal at 408-470-0776.

Braid Theory's Plan to Foster the Next Generation of Ocean Tech Startups
Photo courtesy of the Port of Los Angeles.

San Pedro-based Braid Theory is one of the growing number of accelerators in the country looking to grow the so-called blue economy, which spans a range of ocean-related industries and is estimated at $2.5 trillion a year.

The accelerator is accepting online applications until July 18, with its second-ever program kicking off in August.

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