From spacecraft and VR gaming to fintech platforms, several LA-area tech companies raised venture capital funding last week. These businesses are now ramping up hiring and working to scale their solutions. Catch up on the latest tech news with the Built In LA Weekly Refresh.
ForeVR Games raised $10M. The virtual reality gaming company’s Series A will go toward further developing its gaming portfolio. Hoping to be the Wii Sports of VR, ForeVR Games currently offers virtual versions of games like darts, bowling and cornhole that can be played on the Meta Quest or Meta Quest 2. Since launching in 2020, ForeVR has raised $18.5 million, including a $7 million seed round last year. [TechCrunch]
Onward secured $9.7M. Onward is a fintech app that helps separated and divorced parents manage and track shared expenses related to their children. Led by TTV Capital, the Series A round follows a period of rapid growth for Onward as it recently hired new team members from notable tech companies like PayPal and Intuit. With nearly 100,000 app installs, Onward plans to launch new products, hire additional talent and explore possible acquisitions. [PR Newswire]
LA Tech Quote of the Week
DwellWell pulled in $4.5M. Helping younger generations buy a home, DwellWell’s platform guides users through the seven stages of homeownership. From connecting with an agent to getting pre-approved for a loan, DwellWell gives users the information they need to make an equitable decision and find a home and agent that fit their needs. The fresh funding will be used to hire, expand upon DwellWell’s offerings and launch its product into new states. [Built In LA]
Apex emerged from stealth with $7.5M. Apex manufactures spacecraft, and its first product is a satellite bus, which holds the subsystems — such as power, navigation and de-orbit tools — needed for space operations. This platform will be sold to commercial and governmental customers that fly in low orbit around the Earth. Apex’s $7.5 million round was led by Andreessen Horowitz. [Yahoo!]
B Generous was featured in Built In’s Future 5 series. Kicking off our Q4 coverage of innovative, up-and-coming startups is B Generous. Founded by Dominic Kalms, B Generous offers a donate now, pay later option for those donating to nonprofits and charities. Similar to the buy now, pay later option many retailers offer, B Generous’ solution allows people to donate small amounts of money to nonprofits over an extended period of time. Kalms said this can enable people to donate more money in the long run. [Built In LA]
