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