This Week in ‘Raises’: Xeal Energy Secures $40M, Lipidio Pharmaceuticals Lands $20M
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.
It has been a slow week in funding news in Los Angeles, but Xeal Energy managed to raise fresh funding to continue expanding its charging network, while Lipidio Pharmaceuticals will allocate its new funding to provide a runway for its three clinical trials.
***
Venture Capital
Xeal Energy, a Los Angeles-based high tech charging infrastructure company raised $40 million in a Series B funding round led by Keyframe Capital.
Lipidio Pharmaceuticals, a biopharmaceutical company developing novel therapeutics for dermatological and metabolic diseases based in San Diego raised $20 million in Series A financing. Investors that participated in this round include former founder and CEO of Tanox Nancy Chang, former founding CEO of Alnylam John Maraganore, and former chairman & CEO of Allergan Brent Saunders.
Santa Monica-based skin care products company Topicals raised $10 million in new financing led by CAVU Consumer Partners.
Per an SEC filing, a Long Beach-based manufacturer of sustainable aircraft jets JetZero raised $4.5 million in funding.
Funds
Waterfall Bridge Capital, a private equity firm based in Beverly Hills raised $95 million, per an SEC filing.
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).
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.
Image Source: Waymo
Image Source: Snap
Image Source: Dodgers 
Image Source: ChatGPT