This Week in ‘Raises’: Therabody Inks $165M, Kairos Ventures Seals $700K

Decerry Donato

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.

This Week in ‘Raises’: Therabody Inks $165M, Kairos Ventures Seals $700K
Modified by Joshua Letona

Los Angeles-based Therabody, which develops percussive therapy devices, inked fresh funding from Kevin Hart's HartBeat Ventures, LLC and Aaron Rodgers' Rx3 Ventures. Beverly Hills-based private equity firm Kairos Ventures raised equity for its fund and is seeking investments in early-stage companies in the life sciences and scientific discoveries sectors.


Venture Capital

Los Angeles-based developer of percussive therapy devices and technologies Therabody, raised $165 million in financing led by private equity firm North Castle Partners, LLC.

Los Angeles-based game studio Theorycraft Games, raised a $50 million Series B funding round led by Makers Fund.

Scratch, a Pasadena-based startup that provides medical financing services and plans for veterinary care, raised a $35 million Series C funding round led by Norwest Venture Partners.

Per an SEC filing, Renata Medical, a Santa Ana-based manufacturer of health care devices, raised $11.5 million in equity.

Carbon Ridge, a Santa Monica-based developer of carbon capture & storage solutions for the maritime industry, raised $6 million in funding led by the Grantham Foundation.

HyreCar, a Los Angeles-based carsharing marketplace, raised $4.9 million in equity, per SEC records.

Santa Monica-based communication platform Humankind raised $4.2 million in its seed stage funding round co-led by High Alpha Capital and Strand Equity.

JusticeText, an Irvine-based video evidence management software company catering to criminal defense attorneys raised a $2.2 million seed round from Bloomberg Beta, True Ventures, LinkedIn co-founder Reid Hoffman, and musician John Legend.

Funds

Kairos Ventures, a Beverly Hills-based venture capital and private equity firm, raised $700,000 in equity for its SPV fund, 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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Genies Wants To Help Creators Build ‘Avatar Ecosystems’

Christian Hetrick

Christian Hetrick is dot.LA's Entertainment Tech Reporter. He was formerly a business reporter for the Philadelphia Inquirer and reported on New Jersey politics for the Observer and the Press of Atlantic City.

Genies Wants To Help Creators Build ‘Avatar Ecosystems’

When avatar startup Genies raised $150 million in April, the company released an unusual message to the public: “Farewell.”

The Marina del Rey-based unicorn, which makes cartoon-like avatars for celebrities and aims to “build an avatar for every single person on Earth,” didn’t go under. Rather, Genies announced it would stay quiet for a while to focus on building avatar-creation products.

Genies representatives told dot.LA that the firm is now seeking more creators to try its creation tools for 3D avatars, digital fashion items and virtual experiences. On Thursday, the startup launched a three-week program called DIY Collective, which will mentor and financially support up-and-coming creatives.

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Here's What To Expect At LA Tech Week

Christian Hetrick

Christian Hetrick is dot.LA's Entertainment Tech Reporter. He was formerly a business reporter for the Philadelphia Inquirer and reported on New Jersey politics for the Observer and the Press of Atlantic City.

Here's What To Expect At LA Tech Week

LA Tech Week—a weeklong showcase of the region’s growing startup ecosystem—is coming this August.

The seven-day series of events, from Aug. 15 through Aug. 21, is a chance for the Los Angeles startup community to network, share insights and pitch themselves to investors. It comes a year after hundreds of people gathered for a similar event that allowed the L.A. tech community—often in the shadow of Silicon Valley—to flex its muscles.

From fireside chats with prominent founders to a panel on aerospace, here are some highlights from the roughly 30 events happening during LA Tech Week, including one hosted by dot.LA.

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AmazeVR Wants You To Attend K-Pop Concerts Virtually

Kristin Snyder

Kristin Snyder is an editorial intern for dot.la. She previously interned with Tiger Oak Media and led the arts section for UCLA's Daily Bruin.

AmazeVR Wants You To Attend K-Pop Concerts Virtually
Photo courtesy of AmazeVR

Virtual reality startup AmazeVR now has $17 million to further expand its VR concert experience.

The West Hollywood-based company’s latest funding amounts to a bet that virtual shows, a staple of the pandemic, are here to stay. Mirae Asset Capital led the Series B funding round, with Mirae Asset Financial Group subsidiary (Mirae Asset Venture Investment), CJ Investment, Smilegate Investment, GS Futures and LG Technology Ventures investing again. Mobile game maker Krafton joined the group—but South Korean entertainment company CJ ENM’s stake reveals AmazeVR’s plans to expand into K-pop world.

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