Los Angeles-based social video app Triller received an equity capital infusion to aid its plans to go public, while West Hollywood-based AmazeVR received fresh funding to further expand its VR concert experience.
Venture Capital
Social video app Triller raised $310 million in equity capital from Global Emerging Markets (GEM).
AmazeVR, a West Hollywood-based virtual concert platform, raised $17 million in a Series B funding round led by Mirae Asset Capital.
Qnovia, a Los Angeles-based pharmaceutical company, raised $17 million in a Series A funding round led by Blue Ledge Capital.
GrayMeta Inc., a database management platform, raised $14 million in equity, per an SEC filing.
Sexual wellness brand Cake, based in Inglewood, raised $8 million in a Series A funding round led by Silas Capital.
Pulp Culture, a Los Angeles-based fermented juice company, raised a $7 million Series A funding round. Investors include The Kale Fund; Vibrant Ventures; Roger Lienhard of Blue Horizon; biotech entrepreneur Marc Lustig; tech entrepreneur Kyle Vogt; fashion entrepreneurs Michael Mente and Raissa Gerona, and Alexis Ohanian.
San Diego-based e-bike manufacturer Ride1Up, raised a $6.5 million Series A funding round led by Ecosystem Integrity Fund.
Chubby Snacks, a Los Angeles-based startup known for its cloud-shaped peanut butter and jelly sandwiches, raised $3.25 million in capital from CPG founders and institutions. The investors include MVMT’s cofounder Jake Kassan; founder of The Angel Group Adam Spriggs; Patrick Schwarzenegger, co-founder of MOSH; Jeff Weisberg, CEO of J.W. Sales & Marketing; as well as the D’Amelio family’s 444 Capital; and Villam Ventures, the family office of RXBar’s cofounder Jared Smith.
Los Angeles-based media company Jubilee raised a $1.1 million seed-plus round led by Strong Ventures with participation from other tech execs, including YouTube co-founder Steve Chen and Patreon co-founder Sam Yam.
Funds
An SEC filing shows GordonMD, a Beverly Hills-based private equity firm, raised $83 million for its Long Biased Fund.
According to an SEC filing, Venice-based private venture capital and private equity firm Riot Ventures closed a $6.8 million opportunity fund.
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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