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Wednesday, February 7, 2024

SUMA Wealth Collects $2.2M

Los Angeles-based SUMA Wealth, a fintech company led by Beatriz Acevedo, says it has raised $2.2M in a funding round. The funding was led by Radicle Impact, and also included Vamos Ventures, OVO fund and American Heart Association Impact fu...

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Friday, January 19, 2024

CerraCap Ventures Backs Acorai

Costa Mesa-based CerraCap Ventures, a venture capital investor in the healthcare area, said it has invested in Swedish company Acorai. Size of the investment was not announced. Acorai develops non-invasive heart failure monitoring devices. ...

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Thursday, January 18, 2024

Tech Coast Angels Becomes The TCA Venture Group

The Tech Coast Angels angel investment group, which has long organized angel investments in Southern California companies, says it has changed its name to the TCA Venture Group (TCA VG). According to the 28-year old angel group, the name ch...

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Thursday, January 18, 2024

Act One Ventures Raises $73M Third Fund

Los Angeles-based venture capital investor Act One Ventures said this morning that it has raised a $73M, third fund. The firm--led by General Partners Alejandro Guerrero and Michael Silton--said it now has $148M under management. Guerrero a...

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Tuesday, August 15, 2023

Angelo Group, Nomura In Clean Energy, Climate Investment Deal

Los Angeles-based private equity investor Angeleno Group and Tokyo-based Nomura Holdings said on Tuesday that the two firms are in a strategic partnership focused on clean energy and climate solution investments. According to the two, they ...

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Thursday, August 3, 2023

Born Ready Raises $50M Fund Aimed At Blockchain, Metaverse Startups

Los Angeles-based Born Ready, a new blockchain-focused venture fund and "venture studio", says it has raised $50M for its first fund. The fund and studio said it was co-founded by Shara Senderoff and Aaron McDonald, the founders of Futureve...

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Monday, July 17, 2023

Westlake Village BioPartners Raises $450M Fund

Los Angeles-based Westlake Village BioPartners said this morning that it has raised a new, $450M fund, its third fund. According to the firm, the new fund brings its total raised to $1.3 billion. As part of the new fund, the firm said it ha...

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Monday, July 17, 2023

Readout AI Gets Funding For Clinical Trial Software

Los Angeles-based Readout AI has raised a pre-seed funding round, which will help it "turbocharge the biostatistical and medical writing tasks associated with clinical trials." Size of the funding was not announced. According to the company...

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Wednesday, May 31, 2023

Selva Ventures Raises $34M For Consumer Brand Investments

Los Angeles-based Selva Ventures announced this morning that it has raised $34M in a second fund, which it will use to invest in "consumer brands that promote healthier living". According to the firm, its backers include Unilever Ventures, ...

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Tuesday, May 16, 2023

Sunstone Awards $35K To USC Students In Venture Competition

Irvine-based private equity investor Sunstone Management says it has awarded $35,000 to the winning team in a competition at the University of Southern California, as part of a venture funding competition. According to the firm, it awarded ...

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Friday, April 28, 2023

Greycroft Raises Almost $1 Billion In Two New Funds

Los Angeles- and New York-based venture investment fund Greycroft said this week that it has raised close to $1 billion in two new funds, raising its total under management to over $3 billion. According to the firm, its two new flagship fun...

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Thursday, April 20, 2023

Richard Riordan, Former VC and Mayor of LA, Dies At 92

Richard Riordan, the venture capitalist who became mayor of Los Angeles, has died at the age of 92. Riordan started out in law, working for O'Melveny & Myers, and then co-founded investment firm Riordan & McKinzie, and also went on to start...

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Monday, April 10, 2023

Resecurity Names VC As Advisor

Los Angeles-based cybersecurity provider Resecurity said this morning that it has added Marcus Bartram as a Senior Advisor. Bartram is a parter at venture investment firm Telstra Ventures, which Resecurity has invested in companies such as ...

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Monday, March 13, 2023

Pres. Biden Addresses SVB Failure

Reiterating points from the US Treasury's announcement on Sunday that it will guarantee the full value of all deposits in Silicon Valley Bank, President Biden addressed the failure of SVB at the White House on Monday morning, saying that "a...

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Monday, March 13, 2023

Wired: What Happens To Banking For Tech Startups?

Despite the dramatic bank run and failure of Silicon Valley Bank, a new question has emerged out the chaos: what happens to banking for technology startups? According to WIRED, Silicon Valley (and similar, startups across the globe, includi...

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Monday, March 13, 2023

Report: Newsletter Popular With VCs May Have Sparked Bank Run

Was a newsletter popular with venture capitalists what sparked a bank run on Silicon Valley Bank? According to Fortune, the run on Silicon Valley Bank may have been triggered by posts on The Diff newsletter, run by Bryne Hobart, after specu...

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Friday, March 10, 2023

Silicon Valley Bank Fails, FDIC Takes Control

Silicon Valley Bank, arguably the flagship icon of Silicon Valley's venture capital market, has failed, and has been taken over by the FDIC, after a run on the bank by its customers, according to the New York Times. The report says SVB has ...

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Friday, October 7, 2022

Amazon Backs Share Ventures, Techstars To Open VC Access

Amazon, which has significant operations in the Los Angeles area, is putting some capital to work in at least two, Los Angeles area venture capital investors, as part of a new fund to back underrepresented entrepreneurs. Amazon said this we...

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Friday, October 7, 2022

Amazon Backs Share Ventures, Techstars To Open VC Access

Amazon, which has significant operations in the Los Angeles area, is putting some capital to work in at least two, Los Angeles area venture capital investors, as part of a new fund to back underrepresented entrepreneurs. Amazon said this we...

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Monday, October 3, 2022

Crooked Media Finds Funding From Soros

Los Angeles-based podcast media company Crooked Media has raised a big round of funding from Soros Fund Management, the investment firm owned by billionaire George Soros. Size of the funding was not announced. Crooked Media was founded by J...

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Thursday, September 8, 2022

Google Boosts Two LA Venture Capital Firms

Google said today that it has backed two, Los Angeles area venture capital firms, as part of a bigger effort to invest in Black-led venture capital firms. According to Google, it has made investments in seven, Black-led venture capital firm...

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Monday, June 27, 2022

MaC Venture Capital Raises $203M In Second Fund

Los Angeles-based MaC Venture Capital, a majority Black-owned venture capital firm, has raised $203M in its second fund, the fund said today. According to MaC Venture Capital, its Fund II nearly doubled its original seed-stage fund, which w...

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Tuesday, June 21, 2022

Supply Change Capital Gets Backing From Bank Of America

A new, venture capital investment firm focused on early-stage food technology businesses, Supply Change Capital, announced that it has received an equity investment from Bank of America. The new venture capital firm--led by Noramay Cadena a...

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Thursday, June 16, 2022

Metawave Gets $26M In Bridge Financing

Carlsbad-based Metawave, a startup developing sensors aimed at use in long range, aerial sensing and driver assistance systems, has raised $26M in a debt funding, the company said this week. According to the company, the $26M came in the fo...

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Friday, June 3, 2022

Santa Barbara Venture Partners Raises $11M Fund

Santa Barbara Venture Partners, a new venture capital fund led by serial entrepreneur Dan Engel, has raised $11M in its first investment fund. The company is aiming at investing in software-as-a-service companies in Southern California. Eng...

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Friday, June 3, 2022

Santa Barbara Venture Partners Raises $11M Fund

Santa Barbara Venture Partners, a new venture capital fund led by serial entrepreneur Dan Engel, has raised $11M in its first investment fund. The company is aiming at investing in software-as-a-service companies in Southern California. Eng...

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Thursday, April 7, 2022

Emmeline Ventures Launches Female Led Venture Fund

Los Angeles-based Emmeline Ventures said this morning that it has launched a new, all-female led venture fund, which will focus on seed and early stage, female-founded companies. The new firm said it is in the midst of raising $5 to $8M in ...

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Thursday, March 3, 2022

M13 Raises $400M Fund

Los Angeles-based venture capital investor M13 announced this morning that it has raised $400M in its third venture capital fund. The company said the fund was oversubscribed, and exceeded its initial $275M target. The company says it is in...

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Wednesday, February 9, 2022

Morpheus Ventures Raises $200M In Second Fund

Los Angeles-based venture capital investor Morpheus Ventures said on Tuesday that it has raised $200M in its second fund. The company said the new fund will go towards investments in fintech, insurtech, proptech, robotics and automation, an...

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Thursday, January 20, 2022

Untapped Ventures Launches Early Stage VC Fund

Los Angeles-based Untapped Ventures said on Wednesday that it has launched a new, early-stage venture capital fund, which it says invests in companies that "help people live the best version of themselves, personally and professionally." Th...

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