This Week in ‘Raises’: Triller Grabs $310M, GordonMD Lands $83M

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’: Triller Grabs $310M, GordonMD Lands $83M
Modified by Joshua Letona

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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Starships Were Meant To Fly: Astrolab's New Jeep-Sized Rover Gets a Lift from SpaceX

Lon Harris
Lon Harris is a contributor to dot.LA. His work has also appeared on ScreenJunkies, RottenTomatoes and Inside Streaming.
Starships Were Meant To Fly: Astrolab's New Jeep-Sized Rover Gets a Lift from SpaceX
Photo by Samson Amore

This is the web version of dot.LA’s daily newsletter. Sign up to get the latest news on Southern California’s tech, startup and venture capital scene.

Local Los Angeles-area startup Astrolab Inc. has designed a new lunar vehicle called FLEX, short for Flexible Logistics and Exploration Rover. About the size of a Jeep Wrangler, FLEX is designed to move cargo around the surface of the moon on assignment. It’s a bit larger than NASA’s Mars rovers, like Perseverance, but as it’s designed for transport and mobility rather than precision measurement, it can travel much faster, at speeds of up to 15 miles per hour across the lunar surface.

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Meet the Creator Economy’s Version of LinkedIn

Kristin Snyder

Kristin Snyder is dot.LA's 2022/23 Editorial Fellow. She previously interned with Tiger Oak Media and led the arts section for UCLA's Daily Bruin.

Meet the Creator Economy’s Version of LinkedIn
Creatorland

This is the web version of dot.LA’s daily newsletter. Sign up to get the latest news on Southern California’s tech, startup and venture capital scene.

LinkedIn hasn’t caught on with Gen Z—in fact, 96% rarely use their existing account.

Considering 25% of young people want to be full-time content creators and most influencers aren’t active on LinkedIn, traditional networking sites aren’t likely to meet these needs.

Enter CreatorLand.

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https://twitter.com/ksnyder_db

This Week in ‘Raises’: Total Network Services Gains $9M, Autio Secures $5.9M

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’: Total Network Services Gains $9M, Autio Secures $5.9M
This Week in ‘Raises’:

It has been a slow week in funding, but a local decentralized computing network managed to land $9 million to accelerate deployment of its new product called Universal Communication Identifier (UCID™). Another local company that secured capital included Kevin Costner’s location-based audio storytelling platform and the funding will go toward expanding the app’s content library and expanding into additional regions in the United States.

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