π¦ Spotlight
Good Morning Beliebers and Los Angeles!
While Justin Bieberβs new album dropped last night, hereβs what else is making headlines in Los Angeles this week.
Luma has opened its Dream Lab on Sunset Boulevard, boldly positioning itself at the forefront of AI-powered creativity. Known for transforming ordinary photos into cinematic 3D scenes, Luma is combining cutting-edge research with practical tools to build a playground for artists, engineers, and anyone ready to push the boundaries of visual storytelling. In their words: βFrom Hollywood blockbusters to the next generation of immersive media, this is where the magic happens.β
Meanwhile, well beyond our skyline, SpaceX reportedly hit an eye-popping $400 billion valuation in a recent share sale, making it one of the most valuable private companies ever. The milestone reflects both investorsβ fervor for the commercial space race and LAβs unrivaled role as the launchpad of aerospace innovation.
LA continues to prove it can deliver on the ground, in the cloud, and far beyond the stars. See you next week.
π€ Venture Deals
LA Companies
- Varda Space Industries, the El Segundoβbased company manufacturing pharmaceuticals in microgravity, has raised $187M in a Seriesβ―C round led by Natural Capital and Shrug Capital, bringing its total funding to approximately $329M. The funds will support an increased launch cadence of robotic drug-production capsules, expansion of its El Segundo lab for biologic drug crystallization, and broader efforts to scale commercial microgravity-driven drug formulation and hypersonic reentry testing. - learn more
LA Venture Funds
- Rebel Fund participated in Vellumβs $20M Series A round, which was led by Leaders Fund. The company helps businesses build and optimize LLM-powered applications. Vellum plans to grow its team and speed up product development with the new funding. - learn more
- Clocktower Technology Ventures and Overture VC participated in LGNDβs $9M funding round. LGND is a platform that helps creators launch and scale digital businesses, plans to use the capital to grow its team and enhance its technology. - learn more
- Bold Capital participated in a $31M Seriesβ―B funding round for Aqtual, a Hayward, California based precision medicine startup developing a cutting edge cell free DNA (cfDNA) multiomics platform. The capital will help commercialize Aqtualβs flagship rheumatoid arthritis diagnostic, currently being tested in a 1,300 patient trial, and support expansion into other chronic and autoimmune diseases. - learn more
- Strong Ventures invested in VERAMORE, a skincare brand focused on addressing early signs of aging in women. Since launching in March 2022, VERAMORE has grown over 300% annually, expanded to more than 16 products, and entered markets including Japan, Singapore, Vietnam, Taiwan, Europe, and Korea. The funding will support its D2C growth, product-driven marketing, and planned global expansion starting with Japan in 2025 and the U.S. and Europe in 2026. - learn more
- Mucker Capital joined a $3.7M seed funding round for Velvet Capital aimed at launching its DeFAI operating system and $VELVET governance token. Velvetβs vertically integrated DeFi toolkit combines AI-powered trading, portfolio management, APIs, and a native token to streamline on-chain investment for funds, DAOs, and individual traders. The funding will accelerate platform development, the rollout of its tokenomics, and broader adoption of its intent-based DeFi suite. - learn more
- Btech Consortium Fund participated in a $8.5M Seriesβ―A funding round for Castellum.AI, a Newβ―York based financial crime compliance platform that uses inβhouse risk data, AI, and screening tools to help financial institutions manage AML/KYC compliance. The funds will be used to expand their team, enhance integrations with financial institutions, and accelerate adoption of their AIβpowered compliance solutions. - learn more
- Bold Capital Partners joined the oversubscribed $45M Seriesβ―A round for Centivax, a South San Francisco biotech company dedicated to developing a universal flu vaccine using a proprietary mRNA-based immune-engineering platform. Led by Future Ventures, the funding will help Centivax advance its lead candidate into Phase I clinical trials and expand its broader universal immunity pipeline targeting pathogens like RSV, HIV, and malaria. - learn more
- Alpha Edison participated in Honor Educationβs $38M Seriesβ―A funding round for the San Franciscoβbased learning platform. Honor uses AIβenhanced, mobile-first courses and credentialed programs to improve engagement and leadership development. The funding will be used to scale AI capabilities, personalize learning experiences, and expand the companyβs operations and customerβsuccess teams to meet rising demand. - learn more
- Wasserman Ventures participated in a $7M seed round for Fantasy Life, the fantasy sports platform founded by Matthewβ―Berry. The funding will support the launch of Fantasy Lifeβs revamped platform, featuring new βGuillotine Leagues,β a modernized app experience, and enhanced content and tools to scale its audience and technology offerings. - learn more
- El Segundo based Kaye Capital Management, a fee only RIA with approximately $700M in assets under management and $300M in assets under advisement, was acquired by Modern Wealth Management, marking its 17th acquisition and pushing its total AUM over $8.5B. The deal strengthens Modern Wealthβs presence in California and adds Kayeβs institutional retirement plan expertise to its suite of financial and retirement solutions for clients. - learn more
- NIRx Medical Technologies was acquired by Gilde Healthcareβs private equity fund and combined with Artinis Medical Systems to form a world-leading neuroimaging group. Both companies will retain their brands and locations while collaborating on R&D, product development, and global expansion of their functional near-infrared spectroscopy (fNIRS) tools to advance research in mental health, neurodegenerative diseases, and stroke rehabilitation. - learn more
- Emotive, a conversational SMS marketing platform, has been acquired by Privy to create a unified solution for e-commerce brands that combines email, SMS, pop-ups, and real-time customer conversations. The integrated platform will help over 10,000 merchants simplify their marketing, personalize customer interactions, and strengthen relationships with dedicated strategists and transparent pricing. - learn more