This Week in ‘Raises’: Zest AI Snags $50M, Kingswood Capital Collects $500M
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.
Online financial platform Zest AI raised fresh funding to continue expanding access to AI-automated credit underwriting for all lenders. While cybersecurity products developer MedCrypt landed more funding to scale its cryptography, behavior monitoring, and vulnerability inventory products across various types of medical devices.
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Venture Capital
Zest AI, a Burbank-based online financial platform intended to improve credit underwriting, raised $50 million in a new growth round co-led by Insight Partners and CMFG Ventures.
San Diego-based cybersecurity products developer MedCrypt raised $25 million in a Series B funding round from Intuitive Ventures, Johnson & Johnson Innovation–JJDC, Inc, Section 32, Eniac Ventures, Anzu Partners, and Dolby Family Ventures.
West Hollywood-based digital card and gifting platform Givingli raised $10 million in a Series A funding round led by Seven Seven Six.
OptionsMD, a Los Angeles-based telehealth startup, raised $3.8 million in pre-seed funding led by Bread & Butter Ventures.
Calabasas-based instant checkout platform TAGS Commerce raised a $3.5 million pre-seed funding round from XRC Labs, Gaingels, Not Boring, Tiny Capital, Vibe Capital, Unpopular Ventures.
Funds
According to an SEC filing, Kingswood Capital Management, a Los Angeles-based venture capital and private equity firm raised a $506 million 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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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.
