NEWS: SoCal Startups That Closed Funding Rounds This Week: Postal.io, Orca Security, Burst Oral Care, Iteris. Plus SoCal VC Firms That Invested Elsewhere…

FUNDING News MAY 4-8, 2020

Here are companies throughout SoCal that announced receiving investments this week and SoCal VC firms that invested in startups around the country, so you can see what realms of startups they’re investing in:

– RX3, a VC firm in Newport Beach, invested $5.7 million in

Hydrant, a wellness company, with HQ in NYC, that’s developed a balanced mix of electrolytes, minerals, and vitamins. The lead investor in the Series A round was Coefficient Capital. (From Crunchbase)

Iteris, with HQ in Santa Ana, which develops smart mobility infrastructure management, entered into a contract worth $1.8 million with the South Carolina Department of Transportation. The state has upgraded to Iteris’ software platform to support its statewide transportation operations program. (From Iteris’ website)

– Burst Oral Care, with HQ in Walnut, received $20 million in financing. The Series C funding round was led by Goldman Sachs’ Growth Equity Platform, GS Growth. Burst makes sonic toothbrushes (From VC News Daily)

– Toba Capital, with offices in Newport Beach and San Francisco, was the lead investor in Clear Skye, with HQ in Emeryville. The total raise amount was close to $5 million. Clear Skye is a SaaS startup in the IT security and data management realm. Toba Capital was founded in 2012 by Vinny Smith. (From BusinessWire)

– Orca Security, an LA startup focused on cloud security raised $20M in a Series A funding round, led by GGV Capital and also included YL Ventures and SVCI (Silicon Valley CISO Investments). The startup was founded by a group of former Check Point executives and architects. The CEO is Avi Shua, the former Chief Technologist at Check Point Software Technologies. The company says its software gives its customers visibility into such cloud infrastructure as AWS, Azure, and GCP, helping to uncover vulnerabilities, malware, misconfigurations, leaked and weak passwords, lateral movement risk, and other issues. (From SoCalTech)

-Postal.io, a sales and marketing engagement platform, closed a $9 million Series A funding round led by Mayfield. Postal, a B2B startup with HQ in San Luis Obispo, helps scale direct mail workflows for sales and marketing. The aim is to streamline and improve offline conversion rates with automated direct mail, corporate gifting and charitable .

In this time of social distancing and quarantining, Postal enables companies to manage potential and existing customers in the form of cards and letters, as well as tailored premiums and customer gifts – in the same way it currently manage digital marketing assets and programs. (From BusinessWire)

About The Author

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

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