NEWS: SoCal Funding Roundup, June 22-26, 2020: Carlsmed, Poseida Therapeutics, ClickUp, Pipe Technologies, Upfront Ventures

Correction: A company that announced raising $2.5 million was inadvertently left out of the funding roundup. Carlsmed, a SD startup in the spinal implant market, closed an over-subscribed $2.5 million financing round —  250% of its goal of raising $1 million. Please see an opinion piece about the significance of that here.

Here are startups throughout SoCal that announced receiving investments this week, June 22-26, 2020. And, also those that opened up new rounds or extensions. And, entities that made investments or started new funds.

For the third week in a row, a San Diego startup saw the biggest investment. And OC didn’t even show up on this list.

San Diego (biotech): Poseida Therapeutics raised $110 million more in funding, in a Series D round.

It’s a clinical-stage biotech company translating tech into cell and gene therapies.

The financing was led by led by funds advised by Fidelity Management Research Company, with participation by Adage Capital Management and Schonfeld Strategic Advisors.

(from SoCalTech)

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San Diego (remote work software): ClickUp, which develops remote work software aimed at helping organizations collaborate on projects, has raised $35 million in a Series A funding round.

The funding was led by Craft Ventures, and also included Georgian Partners.

According to ClickUp, its customers include Google, Nike, Uber, Airbnb, Netflix, and Ubisoft, where it helps replace or integrate workplace applications for employees.

(from SoCalTech)

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Los Angeles (financing): Pipe Technologies, which is developing a subscription financing platform to help software companies finance their businesses without debt or dilution, has raised $60 million in a funding round. The equity and asset financing is an extension of its seed funding round.

It was led by Fin VC, and also included new investors Tribe Capital, Uncorrelated Ventures, Lachy Groom, Anthemis, along with prior investors Craft Ventures, Fika Ventures, and MaC Ventures.

The company said the new funding will go towards growth and expansion of its operations into new markets.

(from SoCalTech)

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Los Angeles (new VC fund): Upfront Ventures has just kicked off an effort to raise a new, $280 million VC fund, Upfront VII, according to a regulatory filing filed by the company this week.

According to the filing, there have not been any commitments to the fund yet. Upfront–as is expected–has not announced any details on the new fund yet.

(from SoCalTech)

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If I’ve missed anything, please let me know – dnewman@ocstartupsnow.com Thanks!

About The Author

Deirdre Newman is a long-time journalist, who's covered OC startups for a few years.

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