In a week full of funding rounds of all sizes, learn about which LA tech companies are making new advancements. This is the Built In LA weekly refresh.
SpaceX pulled in $850M. Elon Musk’s aerospace company now boasts a valuation of nearly $74 billion following its latest equity funding. It raised the new capital at $419.99 a share to put toward furthering company plans including its satellite network project Starlink and the launch of its Starship rocket. SpaceX’s current valuation is up 60 percent from the time of its last fundraise back in August. [CNBC]
SUPER73 raised $20M. The electric bike manufacturer closed on a new funding round from Volition Capital. The company markets itself as a “content-driven lifestyle brand that inspires adventure and creates community” and many of its customers are well-known celebrities like Madonna and Will Smith. With the new funding, SUPER73 is working to fuel growth and further its mission of redefining the e-bike industry. [AP News]
LA Tech Quote of the Week
Metropolis raised $41M. Parking in congested cities can be an agonizing task for drivers which is why this LA-based startup is working to ease that pain. Metropolis closed on its Series A round led by 3L to further its computer vision-based parking management platform. The funds will enable the company to expand into over 30 new markets this year. [Built In LA]
Pex secured $57M. With its Attribution Engine product, the startup works to ensure the rights-holding companies behind copyrighted content are properly compensated when creators use that content. Pex’s latest funding round came from investors including Tencent and will enable the company to continue scaling its product. [Built In LA]
Artie got $10M. This startup allows users to play mobile games without installing an app by using an internet browser or any other place where they can access online links. Its recent funding round came from investors including Zynga founder Mark Pincus, Susquehanna International Group and others. The cash will allow Artie to continue development of its own mobile games. [TechCrunch]
Quantgene partners with Vikor. Based out of Santa Monica, this biotech company engineered an at-home test kit that allows customers to submit saliva samples for cancer detection. It also announced a partnership with Vikor Scientific to commercialize its product on the East Coast. The new partnership brings its total capital raised to date to $19 million. In addition to this, Quantgene also has a cancer-detecting blood test in the works. [Quantgene]
