How Will LA Look in 2028? A Look at the City's Plan To Embrace Transformational Tech

How Will LA Look in 2028? A Look at the City's Plan To Embrace Transformational Tech

S.C. Stuart
S.C. Stuart is a foreign correspondent (ELLE China, Esquire Latin America), Contributing Writer at Ziff Davis PCMag, and consults as a futurist for Hollywood Studios. Previously, S.C. was the head of digital at Hearst Magazines International while serving as a Non-Executive Director, UK Trade & Investment (US) and Digital Advisor at The Smithsonian.
Midjourney/Dall-E

It’s 8 a.m. on a Monday morning. I wave at the contact-free traffic sensor and the cars stop so I can cross. A delivery robot zooms past bringing cold brew and breakfast burritos to neighbors, while someone activates a micromobility electric scooter and glides off down a side street. An autonomous vehicle on a trial run pauses at the stop sign, guided by Global Positioning System satellites more than 12,000 miles overhead. A smart pole tracks air quality at the intersection and reports back to the data science team at City Hall.


At the “smart” bus stop I press a button and an AI swiftly triangulates incoming Metro Los Angeles GIS (Geographic Information System) data before a synthesized voice reads out wait times. I jump on the bus when it arrives, using my Tap card to pay the fare and grab a seat, plugging my charger into the (under seat) USB port. Thanks to the bus’s persistent WiFi signal en route, I pull up the latest technology report from the Harvard Business Review, courtesy of the L.A. Public Library, and start making notes.

Twenty minutes later and I'm the first one walking into my co-working space. As soon as I swipe my entry card the centralized system detects a change in the motion sensor network. It then turns on the lights, ambient music, and HVAC (heating, ventilation and AC) , ensuring the building remains energy efficient and to code when unoccupied.

Midjourney/Dall-E

The 2028 Plan

In December 2020, when the SmartLA 2028 city plan was released by (the now former) Mayor Garcetti’s office, this sort of scenario felt far-off.

But it’s all there in the document: a plan to turn L.A. from reliance on fossil fuels and cars and into a data-driven connected city, which addresses the digital divide and brings fresh ideas, including telehealth, clean tech and a switch to mass transit.

What no one knew, when they started working on this plan back in 2019, was a global pandemic was on its way. It took that pandemic to throw everyone into a digital-ready future earlier than (everyone) expected. But here we are.

“Throughout the crisis, digital tools have emerged as a critical lifeline for our society,” notes the SmartLA 2028 city plan. “Enabling contact-free essential services, accelerated medical solutions, artificial intelligence (AI)-assisted policy making, protest coordination through social media, real-time community engagement and a scale and pace of innovation previously unthinkable.”

LA and the Future of Everything

Let’s back up a moment, to the 1950s when L.A. first looked like The Future to the rest of the world.

Post-war industries flourished here. The Federal-Aid Highway Act (1956) ushered in the freeway system and cars poured off the manufacturing lots. Cold War NASA missions heralded an aerospace boom. The Case Study House Program showcased prefabricated components and modern appliances. Bold sci-fi style buildings such as The Chemosphere House (1960) and LAX’s Theme Building (1961) materialized on the landscape. L.A. County’s population tripled between 1940 (2.7 million) to over 6 million by 1960.

In 2023, our population is now north of 10 million and, as a result, this new L.A. Future plan is less about appearances, and more about a skillful cloud-based hyper-connectivity providing a vast mesh of advanced technologies which aim to make this city sustainable, livable and equitable for all.

Sure, we’ve got Big Tech from Up North on our doorstep. The FAANG companies (Facebook, Apple etc.) have carved out nearly 6 million square footage of L.A. westside alone, and obviously they contribute massively to our economy. But a fairer L.A. will depend less on unicorns (startups with a $1 billion valuation before public listing) and more on a needs-based cohesive approach to innovation, drawing on the best resources from academic institutions, updating local government departments across the board, and bringing both the venture capital community and its well-funded startups into alliance with real-world requirements.

Along these lines, Miki Reynolds, CEO and co-founder of Grid110, the L.A. tech hub, wants to ensure a spirit of egalitarianism is carried through into L.A.’s startups.

"The L.A. startup scene is more than just Venice and Santa Monica," says Reynolds, who prefers a cityscape and initially headquartered Grid110 in DTLA as a result. "Since our inception, we've supported 250 companies who have raised over $90M in investment capital. But I'm even more proud to say 70 % of our portfolio companies have founders who are women and 75% are founders of color. L.A. is an incredibly rich and diverse city - we need to reflect that in our emerging technology."

A welcome sign is that many L.A. technology companies have joined PledgeLA, an industry-wide initiative to make the tech sector accountable to its communities, establishing goals around diversity and social impact, and recording their progress.

Midjourney/Dall-E

Technology For Good

So how will L.A. ensure its tech-enabled future is providing value for all? The SmartLA 2028 city plan laid out some bold objectives, with measurable outcomes including a 10% reduction in travel time by utilizing data from 40,000 loop detectors across 4,500 connected intersections and annual savings of $3 million through converting over 165,000 street lamps to LED and connecting them to a dashboard to streamline maintenance and track outages.

The MyLA311 site and mobile app allow Angelenos a simple-to-use interface to city services. It's relatively unsophisticated in terms of UX (user experience) and design, but it works because it was created with equity in mind so everyone can use it. If you need to report a pothole, civic safety issue, schedule pick-up of bulky items or find the nearest municipal building or park, it’s all there - and available in English, Spanish, Korean, Armenian and Chinese (simplified and traditional) to reflect our diverse communities.

MyLA311 would not have been possible, however, without the Los Angeles Open Data project. This is the result of over 7 years of capturing, standardizing, centralizing and then analyzing vast amounts of city data - from almost every department - transportation, sanitation, public safety (crime stats), housing, infrastructure and health (most notably COVID-19 transmission data).

The Los Angeles Open Data’s main function is to provide data and analysis support to city programs which aim to realize high-value community outcomes by providing policy recommendations. Simply put - if you don’t know where you’re starting from (base line), how will you know if a program is a success?

But it’s also entirely open and accountable to the public too. As a result, Angelenos can now drill down to find out more on hyperlocal data sets which provide meaning to them. For example, a team scraped data on Black-owned businesses in L.A. and compiled a “story map” here, so people can choose to spend money within their communities and support causes most meaningful to them.

This data also powers ideas which have emerged from the Innovation and Performance Commission (IPC), an open forum for city employees to propose pilot projects which can receive allocations from a $1 million fund. According to the SmartLA 2028 report, “Since its inception in 2016, over 40 projects have been funded, including a mobile nurse practitioner unit that reduces emergency room visits, employee payroll app that reduces paper and staff resources, and 3D printers for rapid prototyping of public works projects.”

Connectivity Access

All these initiatives are vital to the running of a “smart city” - but what’s the use if a significant proportion of the population doesn’t have access to digital connectivity?

This situation was exacerbated by the pandemic and many agencies stepped up to close up the digital divide, including Get Connected Los Angeles, where the city partnered with the California Emerging Technology Fund and EveryoneOn to help Angelenos get access to computers, digital literary services and low-cost internet connectivity.

The Los Angeles County Library extended their Wi-Fi service to over 60 of its local branch parking structures so locals could “park and connect” (or “sit and connect” at nearby outdoor seating) to pick up email, do homework, or carry out job searches. While the Los Angeles Public Library rolled out its Tech2go Hotspot Loan to library card holders in good standing and re-trained staff to act as “cybernauts” and offer technology assistance.

Imagining the Future

With all these tech-future equitable concepts in place, what will L.A. look like in 2028 when the world arrives on our doorstep for the Olympics?

At first glance - and this is no bad thing - it might not look that different at all, because no new construction/venues will be built, according to the official Games Plan. We have enough facilities to host the Games. In a bid for sustainability and imaginative adaptive reuse, the plan is clear on that score.

But what will be entirely revolutionary is the technologically-based infrastructure enabling everyone to get around, connect, find out what’s going on, and enjoy the sporting and cultural events. As 15,000 athletes arrive at LAX they’ll take the automated people mover to the Metro and end up at the Olympic Village (UCLA) in no time. With the smart city layer in place, anything is possible - augmented reality glasses overlaying real-time sports scores, holograms of athletes participating in community-led training sessions, multi-lingual robots acting as guides and scanning tickets at turnstiles.

It all starts with the data - and L.A. is already way ahead of the game on that score.

Montgomery Summit Is Back at the Fairmont Miramar

🔦 Spotlight

Hey Los Angeles,

If you’re looking to stack your March with the right rooms and the right people, The Montgomery Summit, presented by March Capital, is coming back to Santa Monica (March 10–11, 2026) at the Fairmont Miramar. It’s been running since 2004, founded by March Capital co-founder Jamie Montgomery, and it consistently draws a tight mix of founders, investors, and execs who show up to have real conversations, not just do the conference lap.

This year’s program is shaping up to be a big one: 1,200+ attendees, 180+ speakers, and CEOs from 120+ carefully selected private tech companies. In other words, if you want early looks at breakout companies and the context you can’t get from a headline scroll, this is one of LA’s most high-signal two-day events.

What I like about Montgomery is the vibe. It’s less “conference chaos” and more “high-signal collisions,” with structured ways to connect, including 1:1 meeting scheduling through the Summit app for eligible attendees. The agenda doesn’t stop when the panels do, there’s a Getty Villa reception and a closing reception, so the Summit keeps moving well past the main stage hours.

It’s invitation-only, but you can request an invitation here.

Keep scrolling for the latest LA venture rounds, fund news and acquisitions.


🤝 Venture Deals

      LA Companies

      • Vast secured $500M in new financing, made up of $300M in Series A equity and $200M in debt, to accelerate production of its Haven commercial space stations and expand its facilities and team. The round was led by Balerion Space Ventures with participation from IQT, Qatar Investment Authority, Mitsui & Co., MUFG, Nikon, Stellar Ventures, Space Capital, Earthrise Ventures, and founder/first investor Jed McCaleb, as Vast pushes toward Haven-1 and its longer-term successor vision. - learn more
      • PartsPulse has raised $3M from UP.Partners and used the momentum to officially launch its unified AI platform at CONEXPO in Las Vegas. The startup says its “command center” combines inventory planning, pricing optimization, and sales intelligence into one system for OEMs, dealers, and fleet managers, and it was built with UP.Labs and co-developed with Wabash to help parts businesses spot revenue opportunities and stock the right parts at the right time. - learn more
      • Procode AI launched out of stealth with $4M in venture funding and acquired The Auctus Group, a major revenue cycle management (RCM) firm that bills for 300+ plastic surgery and dermatology providers. The company says the combination will bring AI into private-practice surgical billing, using its “Coding Copilot” to translate operative reports into billing codes faster and reduce denials, while Auctus continues operating under CEO John Gwin. - learn more
      • Smack has raised $32M across Seed and Series A to scale what it calls the first “frontier AI lab” built specifically for national security, after landing contracts with multiple branches of the U.S. military in 2025. The Series A was led by Geodesic Capital and Costanoa Ventures, with participation from Point72 Ventures, Felicis, First In, Scribble Ventures, Bloomberg Beta, Washington Harbour Partners, Palumni VC, Fulcrum Venture Group, Anomaly Fund, and Fortitude Ventures. - learn more

                      LA Venture Funds

                      • BOLD Capital Partners participated in KeyCare’s $27.4M financing round, backing the Epic-native virtual care company as it scales an AI-enabled model designed to extend health systems’ capacity with 24/7 virtual urgent, preventive, chronic, and virtual-first primary care. The round was led by HealthX Ventures and also included 8VC, LRVHealth, and Ikigai Venture Partners, plus strategic investors such as WellSpan Health, Allina Health, University of Chicago Ventures, Edge Ventures, and Exact Sciences, bringing KeyCare’s total funding to $55M+. - learn more
                      • Fifth Wall led RenoFi’s $22M Series B, backing the Philadelphia startup’s push to make renovation financing simpler through an AI-enabled platform that underwrites loans based on a home’s after-renovation value. The round also included meaningful participation from Progressive Insurance and additional support from investors such as HighSage Ventures, Alumni Ventures, Flintlock Capital, and Gaingels, plus continued backing from Canaan, First Round Capital, Curql, TruStage Ventures, and several credit union partners. - learn more
                      • B Capital co-led Bounce’s $5M internal round alongside existing backers Accel and Qualcomm Ventures, extending fresh capital without bringing in new investors. Bounce founder Vivekananda Hallekere told The Economic Times the round underscores continued support from its current investors as the electric mobility startup pushes forward in the EV space. - learn more

                                      LA Exits

                                      • Silent House Group has been acquired by concert staging and live-experiences giant TAIT, formalizing a long-running partnership between the two companies. The deal pairs Silent House’s LA-born creative and production chops, behind major tours and live experiences including Taylor Swift’s The Eras Tour and Kendrick Lamar’s Grand National Tour, with TAIT’s engineering, staging, and global delivery capabilities to build touring, experiential, and broadcast productions at any scale. - learn more

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                                                                Revel’s Afterburner Round: $150M for Hard Tech Infrastructure

                                                                🔦 Spotlight

                                                                Hello Los Angeles,

                                                                This week’s biggest hard tech funding headline belongs to Revel, which just raised a $150M Series B to modernize the software layer behind hardware test and control. The round was led by Index Ventures, with major participation from Redpoint Ventures and returning investors Thrive Capital, Felicis, and Abstract Ventures, plus angel participation including Figma CEO Dylan Field.

                                                                Image Source: Revel

                                                                Revel’s pitch is simple: rockets, advanced energy, robotics, and defense systems have evolved fast, but the tooling that tests and commands them is still stuck in the past. The company says its platform can cut test stand setup time from 14 days to about 8 hours, and that teams go from testing every other day to multiple tests per day. One customer, Impulse Space, reportedly runs 80+ instances of RevelTest, and Revel claims every pilot it has run has converted into a paying customer.

                                                                What makes this more than “just another big round” is where Revel is aiming next: expanding from test stands into industrial control across critical infrastructure, including nuclear facilities, power stations, refineries, water treatment, data centers, and biomedical manufacturing. Their platform includes live telemetry and safe command execution, and even a purpose built language, RevelCode, designed for deterministic, debuggable control in high consequence environments. In other words, if LA is becoming a capital of hard tech, Revel is trying to become the control room software those companies standardize on.Keep scrolling for the latest LA venture rounds, fund news and acquisitions.

                                                                🤝 Venture Deals

                                                                    LA Companies

                                                                    • Third Way Health raised an oversubscribed $15M Series A led by Health Velocity Capital to scale its AI-enabled hybrid human and automation front-office operations for medical practices. The company says it will use the funding to accelerate customer growth, expand operations, and deepen its AI and automation roadmap, building on its claim of supporting practices serving 5M+ patients annually. - learn more
                                                                    • Inhouse raised $5M in seed funding to grow its AI legal platform that helps small and midsize businesses generate contracts, get answers to complex legal questions, and bring in attorneys when needed. The round included backing from Run Ventures, Royal Street Ventures, Switch, and LegalZoom cofounder and former CEO Brian Liu, and the company says it will use the new capital to expand its AI agent capabilities and increase automation across contract lifecycle management, compliance, and proactive risk management. - learn more
                                                                    • Subject raised a $28M growth investment led by Vistara Growth, with participation from new backers NextEquity Partners, Green Street Impact Partners, and Outcomes Collective, plus existing investors including Kleiner Perkins and others. The company says it will use the funding to accelerate development of its AI-powered K–12 curriculum and online learning platform, expand accredited course offerings, and scale adoption with more districts and educators worldwide. - learn more
                                                                    • Mogul raised $5M in a round led by the Yamaha Music Innovations Fund, with participation from Urban Innovation Fund, Mindset Ventures, Fairway Capital Partners, and renewed support from Amplify LA and Wonder Ventures. The royalty management platform says it will use the funding to expand services for artists and their teams, building on traction like processing over $1.5B in royalties and launching its new Catalog Valuation Center to help creators understand the value of their catalogs. - learn more
                                                                    • Handl Health raised a $14.2M Series A led by Arthur Ventures, with follow-on investment from Syndra Capital Partners, an additional strategic investor, and increased participation from existing backers Mucker Capital, Riverfront Ventures, Digital Health Venture Partners, and Boutique Venture Partners. The company says it will use the new capital to expand its platform and deliver deeper analytics that help employers and benefits decision-makers design lower-cost health plans with more predictable pricing and better care outcomes. - learn more
                                                                    • Skorppio launched a self-serve, on-premise high-performance computer rental platform that lets AI teams, VFX studios, researchers, and schools rent enterprise-grade systems without buying hardware or locking into the cloud. The company says its fleet includes everything from performance laptops to DGX-class AI systems and GPU servers, supported through a PNY Pro partnership that makes NVIDIA Blackwell GPUs available, plus curated “KIT” bundles designed for specific workflows. - learn more

                                                                                  LA Venture Funds

                                                                                  • B Capital participated in Gushwork’s $9M seed round, backing the startup’s bet that “AI search” will become a major new channel for B2B lead generation. The round was co-led by Susquehanna International Group and Lightspeed, and Gushwork says it’s helping businesses show up in answers from tools like ChatGPT, Gemini, and Perplexity using automated marketing agents that generate search optimized content and backlinks. - learn more
                                                                                  • UP.Partners participated in BeyondMath’s $18.5M seed round, backing the company as it scales its “generative physics” approach to faster engineering-grade simulation. The raise included a $10M seed extension led by Cambridge Innovation Capital, with additional participation from Insight Partners and InMotion Ventures. - learn more
                                                                                  • MANTIS Venture Capital participated in SolveAI’s $50M funding round, backing the company as it launches a platform that lets employees build enterprise applications using natural language instead of code. The raise included a $45M Series A led by GV plus a previously undisclosed $5M pre-seed led by Accel, with additional participation from Northzone, NeverLift, and angels including Mike LoSapio, Pushmeet Kohli, and Olivier Godement. - learn more
                                                                                  • Fabric VC participated in Kash’s $2M pre-seed round, backing the startup as it embeds prediction markets directly into social media starting with X. Kash says users can turn posts into live, tradable markets through its @kash_bot, letting people express conviction on real-world outcomes inside the feed rather than in separate apps. The round also included investors such as Big Brain Holdings, Spartan Group, Coinbase Ventures, Kosmos Ventures, Halo Capital, MoonRock Capital, and Polaris Fund. - learn more
                                                                                  • M13 led LuminosAI’s latest funding round as the company launched Lighthouse, a new feature it says can automatically test generative and agentic AI systems for concrete legal liability. LuminosAI says the new capital will help it accelerate growth and expand its team to support a growing customer base, with participation from investors including Bloomberg Beta, Hawktail, AME Cloud Ventures, Crosscourt, Octave, Great Oaks, Fundrise, and others. - learn more

                                                                                                LA Exits

                                                                                                • Niagen Bioscience has sold its ChromaDex Reference Standards business to LGC in an all-cash transaction that closed on Feb. 24, 2026, as the company sharpens its focus on its core longevity strategy. Niagen says the divestiture helps it fully exit non-core operations and concentrate resources on NAD+ science, intellectual property, and commercial growth around its Niagen solutions, while LGC adds the standards portfolio to deepen its reference materials offering for pharma and lab customers. - learn more
                                                                                                • Mutiny has been acquired by LA-based investment firm Shamrock Capital, which says the deal will help Mutiny accelerate growth and strengthen its position as a leading gaming-focused creative agency. Founded in 2021 and previously incubated within Trailer Park Group, Mutiny works with publishers and brands on research-driven, player-first creative, social, and community campaigns. Shamrock says Mutiny will continue scaling as a standalone business, with support that could include strategic acquisitions. - learn more
                                                                                                • Vestigo Aerospace has been acquired by Applied Aerospace & Defense, bringing Vestigo’s Spinnaker deorbit drag-sail product line into Applied’s portfolio. Applied says Spinnaker helps satellite and launch-vehicle operators meet tightening orbital debris rules by providing a lightweight, cost-effective way to deorbit objects in low Earth orbit, and Vestigo founder and CEO Dr. David Spencer will join Applied as VP of Deployable Systems. - learn more

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                                                                                                                        Snap’s New Growth Engine Isn’t Ads

                                                                                                                        🔦 Spotlight

                                                                                                                        Hey LA,

                                                                                                                        This week’s most interesting story isn’t a flashy new feature, it’s a quieter flex: Snapchat is getting people to pay for Snapchat, on purpose.

                                                                                                                        Snap just proved “free app” isn’t the only business model

                                                                                                                        Snap says its direct revenue business is now running at a $1B annualized pace, with 25M+ subscribers paying across a growing menu of products like Snapchat+, Lens+, Snapchat Premium, and Memories Storage Plans. That matters because it’s not just a nice add-on to ads, it’s a different kind of relationship with users. Ads monetize attention. Subscriptions monetize intent.

                                                                                                                        And intent is sticky. If someone pulls out a card for you, they don’t churn the way an algorithm does.

                                                                                                                        Creator Subscriptions are the real tell

                                                                                                                        Snap is also launching Creator Subscriptions, starting with an alpha on February 23 for select U.S. creators, then expanding to Snap Stars in Canada, the U.K., and France in the following weeks. The offer is straightforward: subscriber-only Stories and Snaps, priority replies, and an ad-free experience inside that creator’s Stories.

                                                                                                                        The strategic move is even simpler. Snap wants “paying for closeness” to happen inside Stories and Chat, not on some external membership page. If they get that right, creators stop treating Snapchat as just a top-of-funnel channel and start treating it like a place to actually monetize their audience. Snap, meanwhile, gets a revenue stream that doesn’t care what CPMs are doing this quarter.

                                                                                                                        Meanwhile, IRL: lululemon’s Studio Yet.

                                                                                                                        Lululemon’s Studio Yet. pop-up is running Feb. 18 through March 8 at 8175 Melrose Ave. It’s a ticketed, limited-capacity lineup of workouts and community programming, with proceeds (less fees) supporting BlacklistLA.

                                                                                                                        Keep scrolling for the latest LA venture rounds, fund news and acquisitions.

                                                                                                                        🤝 Venture Deals

                                                                                                                            LA Companies

                                                                                                                            • Radiant announced a strategic investment from Lockheed Martin via Lockheed Martin Ventures, further oversubscribing the company’s current financing round. Radiant is developing its 1 MW Kaleidos portable nuclear microreactor and says it’s targeting a first reactor startup this summer at Idaho National Laboratory, with initial customer deployments planned for 2028. - learn more
                                                                                                                            • Mesh Optical Technologies announced it has raised over $50M, led by Thrive Capital, to scale production of its Alpha C1 optical transceiver, which converts electrical signals to light at 1.6 Tbps for AI data centers. The startup says its edge is manufacturing: it builds the optical engine using fast, repeatable flip-chip die bonding to make high-volume, U.S.-based production of optical links possible, backed by a team with experience from SpaceX and Intel.- learn more

                                                                                                                                        LA Venture Funds

                                                                                                                                        • Alexandria Venture Investments participated as an existing investor in Ten63 Therapeutics’ latest strategic financing, which also included participation from Morpheus Ventures and added new backers such as Chugai Venture Fund and the Gates Foundation, bringing total funding to more than $45M. Ten63 says it will use the capital to scale BEYOND, its AI-driven “Large Quantum Chemistry Model” platform for designing small-molecule drugs against historically “undruggable” targets, including programs in oncology and an HPV-focused effort supported by the Gates Foundation.- learn more
                                                                                                                                        • B Capital participated in Code Metal’s $125M Series B, a round led by Salesforce Ventures that valued the company at $1.25B, alongside investors including Accel, J2 Ventures, Shield Capital, Smith Point Capital, and others.Code Metal says it will use the new capital to expand engineering, accelerate product development, grow government and commercial partnerships, and scale go-to-market for its “verifiable” AI code generation and translation platform used in mission-critical environments. - learn more
                                                                                                                                        • Bonfire Ventures co-led Odynn’s $9.5M seed round alongside 8VC, with participation from Khosla Ventures and General Catalyst. Odynn says it’s building personalized AI infrastructure for travel companies, aiming to replace one-size-fits-all booking portals with dynamic experiences that tailor search, recommendations, and conversion flows to each traveler. - learn more
                                                                                                                                        • MTech Capital led Qumis’s $4.3M oversubscribed seed round, which also brought in American Family Ventures as a new strategic investor and pushed total funding to $6.75M. The company says it’s building an attorney-trained AI platform for commercial insurance “coverage intelligence,” and will use the funding to expand go-to-market and deepen product capabilities as adoption grows among large brokers and carriers (including NFP). - learn more
                                                                                                                                        • WndrCo participated in Mansa’s seed funding round, which the company says totaled $12M and was led by MaC Venture Capital. Mansa is now launching a vertical “micro-drama” format inside its app, debuting with the 27-episode original series The Heiress, The Baller & The Secret Society and positioning the feature as a mobile-first way to release serialized stories globally. - learn more
                                                                                                                                        • Alpha Edison co-led Ownwell’s $50M Series B, with Wonder Ventures participating alongside investors including Mercato Partners, Intuit Ventures, Left Lane Capital, First Round Capital, Long Journey Ventures, and PROOF Fund. The round includes $30M in equity and $20M in debt financing from Western Alliance Bank, and Ownwell says it will use the capital to expand nationally and simplify the property-tax appeal process through a new “National Appeals Packet” product. - learn more
                                                                                                                                        • Three Six Zero participated as an existing investor in Hook’s $10M Series A, which was led by Khosla Ventures with participation from Point72 Ventures, Imaginary Ventures, and Waverley Capital, bringing Hook’s total funding to $16M. Hook is an artist-first social platform that lets fans legally remix licensed songs using simple AI-powered tools and share them across social platforms, and it says the new capital will fund user growth plus product expansion like an Android app, richer creation formats, and deeper ecosystem integrations. - learn more
                                                                                                                                        • Overture Ventures participated as an existing investor in Zero Homes’ $16.8M Series A, which was led by Prelude Ventures alongside SJF Ventures and the Exelon Foundation. Zero Homes says it’s using the funding to expand into new markets, broaden its home-upgrade offerings, and grow its contractor network, powered by a smartphone-based “digital twin” approach that produces upgrade designs and pricing remotely. - learn more
                                                                                                                                        • Rebel Fund participated in Sphinx’s $7.1M seed round, which was led by Cherry Ventures alongside Y Combinator, Deel Ventures, and Singularity Capital. Sphinx is building browser-native compliance agents that work inside banks’ and fintechs’ existing tools to automate AML, KYC, and KYB work, with the new funding earmarked to scale that “agentic compliance workforce.” - learn more
                                                                                                                                        • Matter Venture Partners led ChipAgents’ oversubscribed $50M Series A1, bringing total capital raised to $74M, with participation from existing investors Bessemer Venture Partners, Micron, MediaTek, and Ericsson. ChipAgents says it will use the new funding to scale its agentic AI platform for chip design and verification, expand engineering and research, and accelerate global deployment of multi-agent “chip teams,” alongside a new HQ buildout in Santa Clara. - learn more
                                                                                                                                        • MemorialCare Innovation Fund participated in SpendRule’s $2M round, which was led by Abundant Venture Partners with additional backing from Zeal Capital Partners. SpendRule is emerging from stealth with an AI-driven platform that helps hospitals validate invoices against complex contract terms before payments go out, aiming to reduce overspending and “contract leakage” across purchased services. The company says early customers include health systems like MemorialCare, Kettering Health, and MUSC Health. - learn more

                                                                                                                                                    LA Exits

                                                                                                                                                    • Fred Segal is being acquired by Aritzia, which is buying the brand’s rights/IP (terms not disclosed) and planning a revival under its ownership. Melrose Avenue is central to the deal too, since Aritzia is also taking a lease on Fred Segal’s iconic ivy-covered site at 8100 Melrose as part of the comeback plan. - learn more
                                                                                                                                                    • The Expert is being acquired by Havenly in an all-equity deal (terms not disclosed), bringing The Expert’s high-end virtual designer consultations and trade-oriented marketplace into Havenly’s broader home and commerce ecosystem. Lee Anne Blake will join Havenly as chief commercial officer, and while The Expert will remain a standalone website, Havenly plans to plug in its tech to strengthen The Expert’s purchasing and procurement tools for designers. - learn more

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