With so much going on in the thriving LA tech and startup ecosystem, it is easy to miss some of the news in the space. We keep you abreast of the things that you may have missed in LA Tech news for the week ending 7/22 featuring news for Virtualitics, Collectly, Salted, and much, much more.
Skims – $270M
Skims, the inclusive D2C underwear, loungewear, and shapewear brand, has raised $270M in venture funding led by Wellington Management. Founded by Emma Grede, Jens Grede, and Kim Kardashian in 2019, Skims has now raised a total of $669M in reported equity funding.
Futureverse – $54M
Futureverse, a provider of AI and metaverse technologies, has raised $54M in Series A funding led by 10T Holdings. Futureverse was founded by Shara Senderoff, Aaron McDonald, Marco Brondani, and Dan Gillespie in 2022.
Karat Financial – $40M
Karat Financial, a finance and credit card platform for creators and influencers, has raised $40M in Series B funding led by SignalFire. Founded by Eric Wei and Will Kim in 2019, Karat Financial has now raised a total of $70.6M in reported equity funding.
Virtualitics – $37.1M
Virtualitics, an AI-powered data visualization platform, has raised $37.1M in funding according to a recent SEC filing. The filing indicates that the total offering is for $42.4M and there were twenty-six investors in this close. Founded by Ciro Donalek, George Djorgovski, Michael Amori, and Scott Davidoff in 2015, Virtualitics has now raised a total of $67.6M in reported equity funding
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Collectly – $29M
Collectly, a revenue management platform for healthcare institutions, has raised $29M in Series A funding led by Sapphire Ventures. Founded by Levon Brutyan and Maxim Mizotin in 2017, Collectly has now raised a total of $33.9M in reported equity funding.
Arrive Recommerce – $16M
Arrive Recommerce, a platform that allows brand and retailers to resell returned items by providing the logistics and infrastructure, has raised $16M in Series A funding led by Javelin Venture Partners and Climactic VC. Founded by Rachelle Snyder and Ross Richmond in 2017, Arrive Recommerce has now raised a total of $24.8M in reported equity funding.
Salted – $14M
Salted, a platform for developing quick service restaurant brands, has raised $14M in funding according to a recent SEC filing. The filing indicates that the total offering is for $16.8M and there were ten investors in this close. Founded by Jeff Appelbaum in 2014, Salted has now raised a total of $24.9M in reported equity funding.
Z.E.N. Foods – $7.5M
Z.E.N. Foods, a meal delivery service for those on a diet, has raised $7.5M in funding according to a recent SEC filing. The filing indicates that the round comes from a sole investor. Z.E.N. Foods was founded by Kane Picoy and Mariana Rossano in 2010.
