LA tech companies were busy last week signing deals and raising capital before closing out February. Read on to learn what these companies plan to do next. This is the Built In LA weekly refresh.
H2scan raised $70M. H2scan provides hydrogen sensors for all kinds of utilities and industrial organizations and markets. The company closed a $70 million funding round co-led by LetterOne and GS Energy. The fresh funding will allow H2scan to expand its manufacturing capabilities, launch new sales offices and expand its marketing efforts. [Yahoo!]
Wilshire Lane Capital got $40M. Wilshire Lane Capital, a Black-led venture capital firm based out of LA, raised $40 million for its first fund. The VC firm focuses on real estate tech and hopes to raise another $85 million by the end of the year. The firm has already backed several startups and focuses on investing in underrepresented founders. [dot.LA]
LOS ANGELES TECH QUOTE OF THE WEEK
Fama gained $10M. Fama is an AI-based screening company for potential job candidates that gathers social media data as part of the screening process. The capital raised will be used to launch new products and expand its go-to market team. The Series B funding round was led by Silverton Partners. [Built In LA]
Wave Sports + Entertainment raised $27M. The sports and entertainment company providing content, products and more raised $27 million in a Series B funding round. The funding will allow Wave Sports + Entertainment to scale and launch new entertainment offerings and media brands. Along with the funding, Rich Battista was appointed as executive chairman of the company’s board of directors. Shamit Mehta, partner at TZP Growth Equity, will also be joining the board of directors. [Business Wire]
DishDivvy brought in $1.3M. DishDivvy is a marketplace that connects home cooks with locals. DishDivvy raised $1.3 million in pre-seed funding round led by 10X Venture. The funding will be used to invest in the startup’s operations, product development and team growth. DishDivvy is currently available throughout California but is looking for cooks across Austin, Baltimore, Charlotte, Chicago and Washington, D.C. [FinSMEs]
