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