Weekly refresh: Drake and Serena Williams contribute to the growing LA tech scene

July 22, 2019
photo via shutterstock

100 Thieves, an e-sports company co-owned by Drake, raised big and plans to move to a new HQ in LA. The company announced a $35 million Series B to fuel its rapid growth. The company competes in major e-sport tournaments, has a fashion line and two gaming podcasts. [Built In LA]

LA-based Fifth Wall Ventures closed a massive $503 million dollar fund. The company claims this is the largest real estate venture fund raised to date. The company is focused on property technology for its upcoming partnerships. The firm has previously made lead investments in 30 companies including Lime, Enertiv and Shipwell.[Built In LA]

Mahmee raised $3 million to help new mothers after labor. Mahmee provides a network for new mothers. It provides medical tools and counseling by pregnancy and postpartum coaches. Serena Williams and Mark Cuban are two big names who contributed to the $3 million round. [Built In LA]

A powder that reduces the risk of allergies gets more funding. Ready, Set, Food!'s powder introduces dairy, egg and peanut allergens to babies at a young age. Recent research suggests that early exposure could reduce the risk of allergies later in life. The start-up just raised $2.2 million to expand its corporate wellness program and accelerate partnerships, like the one it has with Blue Shield. [Built In LA]

Legion M, a company that allows fans to invest in movies they want to see, has announced its fifth round of funding. The company allows fans with as little as $100 to invest in entertainment productions. Legion M has surpassed 100,000 fan investors, but it hopes to reach 1 million. [Built In LA]

Thinkful is launching their 1:1 learning school in three cities: Los Angeles, Chicago and Phoenix. The company offers alternative payments for their school, including a $1,500 monthly living stipend and no tuition payments until their students receive a job. The goal is to help tomorrow's tech engineers expand their skill sets without worrying about today's living expenses.  [Press Release]

Techstars Los Angeles announced its 10-company roster. Liquid, a HR and finance software start-up, and Fabrica, real estate buying and selling tools, are just two of the ten companies competing in the start-up accelerator program over the next three months. Demo Day is on October 15. [SoCal Tech]

Los Angeles startup guides

Best Companies to Work for in Los Angeles
Coolest Tech Offices in Los Angeles
Best Perks at Los Angeles Tech Companies
Women in Los Angeles Tech