This Week in ‘Raises’: Genies Lands $150M To Make Metaverse Avatars

Decerry Donato

Decerry Donato is dot.LA's Editorial Fellow. Prior to that, she was an editorial intern 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.

Genies
Photo courtesy of Genies.

This week in “Raises,” virtual avatar startup Genies—which recently welcomed Bob Iger as board member—landed fresh funding from tech-focused private equity firm Silver Lake. Meanwhile, cybersecurity startup Obsidian received backing from a trio of Silicon Valley VCs.


Venture Capital

Genies, which makes metaverse startups for celebrities, raised a $150 million Series C funding round led by Silver Lake.

SaaS cybersecurity firm Obsidian Security raised a $90 million Series C funding round led by Menlo Ventures, Norwest Venture Partners and IVP.

Studio, an online learning platform providing creative courses taught by famous artists, raised a $50 million Series B round led by Human Capital.

Feminine care and beauty brand Rael raised $35 million in new funding, per an SEC filing.

Welcome Tech, a fintech startup providing financial tools and services for immigrants, raised $30 million in funding led by TTV Capital.

Virtual diabetes clinic 9am.health raised $16 million in Series A funding co-led by 7Wire Ventures and Human Capital.

Web3 game developer Digital Insight Games raised $7.5 million in Series A funding co-led by Hivemind Capital and Griffin Gaming Partners.

Biotech startup Pictor raised $6.1 million in funding led by K1W1 and Marko Bogoievski.

Plant-based food producer Mikuna Foods raised $5.6 million in seed funding from athlete angel investors including Leticia Bufoni, Mick Fanning and Sage Kotsenburg.

Winden, which provides digital banking services for entrepreneurs, raised $5.3 million in seed funding led by Accel.

Music tech startup Trac raised $2.5 million in pre-seed funding led by Zrosk.

Biotech startup Sampling Human raised $2 million in funding led by i&i Biotech 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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Cadence

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.

Raises
Image by Joshua Letona

This week in “Raises”: A pair of Web3 platforms for gamers landed funding, as did a Manhattan Beach medical startup looking to bolster primary care via nurse practitioners. Meanwhile, a Santa Monica-based investment firm launched its seventh fund with more than $14 billion in dry powder.

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LA Tech ‘Moves’: New Head of Originals at Snap, New President at FaZe Clan

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.

LA Tech ‘Moves’: New Head of Originals at Snap, New President at FaZe Clan
Photo by James Opas | Modified by Joshua Letona

“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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