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 BioMedicines raised $101 million in Series B funding led by Ally Bridge Group and Avidity Partners.

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

San Diego-based biotech startup 1859 raised 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 FlyCoin raised $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 Therapeutics raised 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 Ethernity raised 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 Swoogo raised $20 million in Series B funding led by Bain Capital.

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

Long Beach-based aviation startup Odys Aviation raised $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 Labs raised nearly $10 million in funding, according to SEC filings.

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

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

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

San Diego-based travel app Sēkr raised 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 Ventures raised $200 million for its second fund.

mollywright@dot.la

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This Week in ‘Raises’: Improvado Hauls $22M, Clearlake Launches $14B Fund

Kristin Snyder

Kristin Snyder is an editorial intern for dot.la. She previously interned with Tiger Oak Media and led the arts section for UCLA's Daily Bruin.

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Kristin Snyder

Kristin Snyder is an editorial intern for dot.la. She previously interned with Tiger Oak Media and led the arts section for UCLA's Daily Bruin.

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