NEWS: SoCal Funding Roundup – July 20-24, 2020: Carbonated Games, Religion of Sports, Arrive Outdoors, Sidecar Health, Vive Organic, CreatorIQ, Mobalytics, Swoop, Ready/Set/Food!
Here are startups throughout SoCal that announced receiving investments this past week, July 20- July 24, 2020.
And, also those that opened up new rounds or extensions.
And, entities that made investments or started new funds.
All the investments this week were in LA startups. Gaming and sports were trending….
Los Angeles (food allergy prevention): Ready, Set, Food! raised $3 million in a second funding round led by Danone Manifesto Ventures, the corporate venture arm of multinational food company Danone; investor and entrepreneur Mark Cuban; and AF Ventures (formerly AccelFoods).
The investment will enable Ready, Set, Food! to continue its work to help prevent hundreds of thousands of babies every year from developing severe food allergies to peanut, egg, and milk.
(From PR Newswire)
Los Angeles (xxxx): Swoop raised $3.2 million in seed funding led by Signia Venture Partners, South Park Commons, and a handful of angel investors to build a tech resources for chauffeured group transportation services.
Swoop targets the fragmented industry of vehicle owners, like companies that provide limos. These companies can use Swoop’s SaaS to book, dispatch, track and manage all their rides.
With the COVID-19 situation, there was no group transportation for months, and noone is certain when this industry will be able to ramp up again, with social distancing still being recommended.
(From PR Newswire)
Los Angeles (gaming): Mobalytics, a personal gaming assistant and analytics platform dedicated to helping video game fans master their favorite titles, raised $11.25 million Series A led by Almaz Capital and Cabra VC.
The other investors participating in the round include HP Tech Ventures, General Catalyst, GGV Capital, RRE Ventures, Axiomatic and T1 Esports.
With the influx of capital, Mobalytics will continue to develop its gaming assistant through “better” analytics and personalization. The company also plans to increase its engineering force, and hire additional product experts in the next six months.
(From PR Newswire)
Los Angeles (influencer marketing software): CreatorIQ raised $24M in a Series C funding round.
The funding was led by Kayne Partners Fund, a private equity fund managed by Kayne Anderson Capital Advisors, L.P. The funding also included TVC Capital and Unilever Ventures.
This startup created software for global enterprises to manage influencer campaigns on a large scale.
Los Angeles (wellness drinks): Vive Organic, makers of doctor-crafted, cold-pressed wellness shots, closed a $13-million Series B funding round led by Monogram Capital, with participation by Cambridge SPG and Powerplant Ventures.
Vive makes cold-pressed wellness shots that are formulated with a focus on boosting the immune system.
The brand has seen explosive growth since inception in 2015, with an average of 400% growth year over year.
Vive will use this latest capital raised to expand its digital footprint, foster its innovation pipeline and make its plant-powered products more accessible to consumers nationwide.
Los Angeles (health insurance): Sidecar Health raised $20 million in its most recent funding round.
The company’s goal is to save the Americans $1 trillion in healthcare costs annually by empowering consumers to shop around for health services using its Visa payment card and mobile app.
The round was led by Cathay Innovation, and joined by new investors Comcast Ventures, Kauffman Fellows and Anne Wojcicki, co-founder and CEO of 23andMe.
Previous investors GreatPoint Ventures and Morpheus Ventures also participated in the round.
The company has raised $40 million to date.
Los Angeles (outdoor gear rentals): Arrive Outdoors raised a $4.75 million seed round, led by Freestyle Capital.
It’s an outdoor travel company that rents hiking, backpacking, camping, skiing and snowshoe gear and attire.
Los Angeles (sports media): Religion of Sports raised $10 million. It was co-founded by Emmy Award-winning creator Gotham Chopra; six-time Super Bowl Champion Tom Brady; and NFL Hall of Famer Michael Strahan.
The financing will enable the startup to scale its content efforts across multiple platforms, build brand awareness, and empower storytellers around Religion of Sports’ central theme of “Why sports matter.”
Elysian Park, Advancit, Courtside Ventures and LinkinFirm are significant participants in the $10 million fundraise.
Religion of Sports was founded in 2016. The company has produced hundreds of hours of popular programming across mediums with more than 250 million views/listens of its content, including the Emmy Award-winning Tom vs. Time, Stephen vs. The Game, Greatness Code, and Shut Up and Dribble.
(From PR Newswire)
Los Angeles (mobile games): Carbonated Games raised $8.5 million in a seed funding round.
The funding came from Andreessen Horowitz, Golden Ventures, and Bitkraft Esports Ventures.
Carbonated focuses on developing “highly competitive” games for mobile devices, which are more in line with the hardcore games found on consoles and PCs, rather than the more typical casual gaming market.
The founders come from Zynga, Electronic Arts and Blizzard.
(missed this in early July)….
Orange County (software for buying and selling recycled goods): Replenysh raised a $2 million seed round. It developed a software dashboard that allows recycling centers to find the best price for materials and schedule shipments.
Brands can also find materials and develop relationships with the recycling centers.
If I’ve missed anything, please let me know – firstname.lastname@example.org Thanks!