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