fika ventures

fika ventures

Photo by Andrew Fiouzi

It’s 8:30 a.m. on a Wednesday morning in Venice Beach. There’s plenty of beach parking. The boardwalk is nearly empty save for a couple Teslas, a handful of other cars and a big blue bus that says Fun Surf LA. I’m gearing up for day three of L.A. Tech Week amongst a collective of V.C.s, founders and fund managers.

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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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