This Week in ‘Raises’: Spotter and Epirus Haul $200M Each, Fifth Wall Launches Euro Fund

Molly Wright

Molly Wright is an intern for dot.LA. She previously edited the London School of Economics' student newspaper in the United Kingdom, interned for The Hollywood Reporter and was the blogging editor for UCLA's Daily Bruin.

This Week in ‘Raises’: Spotter and Epirus Haul $200M Each, Fifth Wall Launches Euro 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 Molly Wright.


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Venture Capital

Spotter, an L.A.-based startup that licenses YouTube creators’ back catalogs, raised a $200 million Series D round led by SoftBank.

Torrance-based defense contractor Epirusraised $200 million in Series C funding led by T. Rowe Price Associates.

Pasadena-based drug discovery biotech firm Terray Therapeuticsraised $60 million in Series A funding led by Madrona Venture Group.

Equip, a San Diego-based telehealth platform focused on treating eating disorders, raised $58 million in funding led by The Chernin Group.

FitOn, a West Hollywood-based at-home fitness app, raised $40 million in Series C funding led by Delta-v Capital.

Cann, an L.A.-based cannabis-infused beverage brand, raised a $27 million Series A round from investors including Imaginary Ventures and celebrities like Nina Dobrev, Adam Devine and Rosario Dawson.

Talespin, a Culver City-based startup providing virtual reality workplace training programs, raised $20 million in Series C funding co-led by SEEK Investments and Allomer Capital.

PatientFi, an Irvine-based patient financing startup, raised a $15 million equity round led by Patriot Financial Partners.

KOS, a Santa Barbara-based plant-based nutrition brand, raised a $12 million Series A round led by Clayton Christopher and Brian Goldberg.

Venice-based Clix, a multi-platform streamer, raised $10 million in Series A funding from private investors.

Encore, an L.A-based live performance app co-founded by Kid Cudi, raised $9 million in seed funding led by Battery Ventures.

Avenda Health, Culver City-based medical device and software company, raised $6.4 million in funding, according to SEC filings.

Profi, an L.A.-based software platform for service providers, raised $6 million in seed funding from private investors.

Voilà!, an L.A.-based social commerce platform, raised a $6 million Series A round led by Sinovation Ventures.

Santa Monica-based digital health company Lifeforce Digitalraised $5.5 million in funding, according to an SEC filing.

Portals, an L.A.-based metaverse platform, raised $5 million in seed funding led by Greylock Partners.

L.A.-based Web3 music licensing marketplace Dequencyraised a $4.5 million investment round led by Borderless Capital.

Uni, a L.A-based body care line, raised $4 million in seed funding led by Ashton Kutcher’s SOUNDWaves fund.

Northridge-based cloud communications startup Telgorithmraised a $3.8 million seed round led by Bonfire Ventures.

Venice-based online optical brand Lensablraised $3 million in funding, according to an SEC filing.

Slope, an L.A.-based marketing agency, raised $3 million in funding, according to an SEC filing.

L.A.-based HERE Studioraised $2.5 million from private equity firm KarpReilly to launch its prebiotic soda brand, VINA.

Santa Monica-based sustainable beauty brand Common Heirraised $2.5 million in funding from investors including Trousdale Ventures and Mucker Capital.

L.A.-based performance beverage company Barcode raised $2.2 million in funding from investors including Erewhon Market, Trousdale Ventures, Kelly Rowland and Maurice Harkless.

Funds

L.A.-based short-term hospitality startup AvantStayraised a $500 million propco fund in partnership with real estate investment firm Saluda Grade.

Marina Del Rey-based proptech venture capital firm Fifth Wallraised $159 million for its first European fund.

L.A.-based investment firm The Chernin Group is reportedly partnering with Austin, Texas-based talent agency NightMedia on a growth equity fund called NightCap.

mollywright@dot.la

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LA Tech ‘Moves’: Mapp Gains New CPO and CTO, Prodoscore Taps Boeing Exec

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.

LA Tech ‘Moves’: Mapp Gains New CPO and CTO, Prodoscore Taps Boeing Exec
LA Tech ‘Moves’:

“Moves,” our roundup of job changes in L.A. tech, is presented by Interchange.LA, dot.LA's recruiting and career platform connecting Southern California's most exciting companies with top tech talent. Create a free Interchange.LA profile here—and if you're looking for ways to supercharge your recruiting efforts, find out more about Interchange.LA's white-glove recruiting service by emailing Sharmineh O’Farrill Lewis (sharmineh@dot.la). Please send job changes and personnel moves to moves@dot.la.

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This Week in ‘Raises’: GITAI Lands $30M, Steno Gains $15M

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.

Raises
Image by Joshua Letona

A local space robotics startup raised fresh funding to expand the flight model manufacturing facilities throughout the U.S. and increase employment, while a remote litigation platform raised more funding to continue growing its footprint in new markets across the country, develop service channels for its clients and continue expanding its tech team.

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Gitai Raises $30 Million to Expand Manufacturing Footprint in Los Angeles

Samson Amore

Samson Amore is a reporter for dot.LA. He holds a degree in journalism from Emerson College. Send tips or pitches to samsonamore@dot.la and find him on Twitter @Samsonamore.

Gitai Raises $30 Million to Expand Manufacturing Footprint in Los Angeles
\u200bPhoto: Gitai

Space robotics company Gitai raised a $30 million Series B extension this week, bringing the total value of the round to roughly $47 million.

The funding will be used to further develop Gitai’s suite of space robots as well as build out its manufacturing footprint in Torrance. Previously Gitai announced it raised a $17.1 million Series B in March 2021; this additional raise is still part of that round.

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