This Week in ‘Raises’: Morpheus Has a New $200M Fund and Web3 Startups Rake It In

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’: Morpheus Has a New $200M Fund and Web3 Startups Rake It In
Photo by Viacheslav Bublyk on Unsplash

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 (molly@dot.la).


Venture Capital

San Diego-based biotech company Endeavor BioMedicinesraised $101 million in Series B funding led by Ally Bridge Group and Avidity Partners.

Tustin-based fintech lending platform Happy Moneyraised $50 million in Series D-1 capital led by Anthemis Group and CMFG Ventures.

San Diego-based biotech startup 1859raised a $40 million Series A funding round led by Northpond Ventures and OMX Ventures.

beatBread, a music funding platform with offices in L.A., raised a $34 million seed round led by Deciens Capital.

L.A.-based cryptocurrency travel rewards company FlyCoinraised $33 million in a seed round led by investor Josh Jones.

L.A.-based Endgame, a product-led software sales platform, raised $30 million in Series B funding led by EQT Ventures.

San Diego-based biotech company Ucello Therapeuticsraised a $25 million Series A round led by Matrix Partners China.

OpenNode, an L.A.-based Bitcoin payments processor, raised $20 million in Series A funding led by Kingsway Capital.

L.A.-based NFT and blockchain platform Ethernityraised a $20 million seed round from investors including Riot Games’ Thomas Vu, Fanatics’ Michael Rubin and former Google CEO Eric Schmidt.

Century City-based event management software startup Swoogoraised $20 million in Series B funding led by Bain Capital.

Santa Monica-based gaming startup Delphi Interactiveraised nearly $17 million in funding, according to SEC filings.

Long Beach-based aviation startup Odys Aviationraised $12.4 million in seed funding from investors including Giant Ventures, Soma Capital, 11.2 Capital, Countdown Capital, Nikhil Goel and Kyle Vogt.

Venice-based Web3 startup Artema Labsraised nearly $10 million in funding, according to SEC filings.

Santa Monica-based ecommerce platform Spacejoyraised a $4 million pre-Series A round led by Accel Partners.

Newport Beach-based health-tech wearables company Bodymatterraised nearly $3 million in seed funding.

L.A.-based kombucha brand Better Boochraised $2.5 million in a seed round led by Crush Ventures.

San Diego-based travel app Sēkrraised a $2.25 million seed round led by Storyteller Overland.

SwayBrand, an L.A.-based multicultural influencer platform, received an undisclosed investment from Accenture Ventures’ Black Founders Development Program.

Funds

Sherman Oaks-based venture capital firm Morpheus Venturesraised $200 million for its second fund.

mollywright@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’

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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.

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

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Samson Amore

Samson Amore is a reporter for dot.LA. He holds a degree in journalism from Emerson College and previously covered technology and entertainment for TheWrap and reported on the SoCal startup scene for the Los Angeles Business Journal. Send tips or pitches to samsonamore@dot.la and find him on Twitter @Samsonamore.

INDIEV Teams Up With Foxconn To Launch Electric SUVs
Photo Courtesy of IndiEV

INDIEV, a startup based in Vernon, announced this week it will partner with Taiwanese tech conglomerate Foxconn to build its first prototypes of its upcoming electric SUV, nicknamed the INDI One.

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