fika ventures

fika ventures

On this week's episode of the L.A. Venture podcast, meet Fika Ventures co-founder TX Zhuo. Fika is a $77-million seed-stage investment fund managed by Zhuo and his partner Eva Ho. The two created the fund with the intention to foster and give back to their community.

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Elementary Robotics, one of Los Angeles' top robotics startups, announced Tuesday it has raised $12.7 million in Series A funding to continue developing and deploying its automation products at scale.

Co-founded in 2017 by Bill Gross of Idealab and Arye Barnehama, a Pomona College dropout and former head of design at Daqri, the company says its mission is to assist people by "automating day-to-day repetitive tasks" but it adds cryptically on its website: "We can't detail too much about the technology because we're still in stealth mode."

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Los Angeles-based Pipe Technologies, Inc. announced Wednesday it has raised $60 million in equity and asset financing as an extension to the $6 million seed round it closed in February.

Launched last September, Pipe enables software as a service (SaaS) companies with recurring revenues to tap into their deferred cash flows by getting a cash advance against the full annual value of software subscriptions. Trading limits on the platform range from $10,000 to several million dollars per month, depending on the size of companies.

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