This Week in ‘Raises’: SOCi Secures $120M, Rapport Therapeutics Lands $100
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.
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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Venture Capital
SOCi, a West Hollywood-based social media marketing platform, raised a $120 million funding round led by JMI Equity.
San Diego-based clinical stage biotechnology company Rapport Therapeutics raised a $100 million Series A funding round from Third Rock Ventures, ARCH Venture Partners and Johnson & Johnson Innovation.
LENZ Therapeutics, a San Diego-based biopharmaceuticals company, raised $83.5 million in a Series B financing round led by Sectoral Asset Management.
The Believer Company, a West Hollywood game studio, raised $55 million in Series A financing led by Lightspeed Venture Partners.
Per an SEC filing, San Diego-based online automotive marketplace Cars & Bids raised $55 million in funding.
Fly By Jing, a Los Angeles-based spicy sauce startup raised $12 million in Series B funding from Prelude Growth Partners and Pendulum.
Evofem Biosciences, a San Diego-based biotechnology company that provides woman-controlled protection from sexually transmitted infections, raised $1.3 million in funding, per an SEC filing.
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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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.
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