Temperatures outside may be getting colder but these LA tech companies are heating up before the year ends. Several companies raised outside capital last week and others were selected for an accelerator program. This is the Built In LA weekly refresh.
Cerqular got pre-seed funding. The funding was led by Green Space Investments, a tech-enabled sustainability-focused fund. Cerqular, a marketplace platform dedicated to sustainability and ethical brands, is on a mission to change the way future generations shop. The pre-seed funding will go toward fueling the platform’s growth. [PR Newswire]
LOS ANGELES TECH QUOTE OF THE WEEK
First Resonance raised $14M. First Resonance offers several workflow products that help manufacturing operators improve supply chain efficiency, a growing problem for many markets. The funding raised will be used triple the size of its team in 2022. Several positions are currently up for grabs, with several spanning the company’s engineering and operations teams. [Built In LA]
Long Beach Accelerator announced new cohort. The Long Beach Accelerator hosted Demo Days for its second cohort made up of several tech companies in various sectors. Eight startups will now join LBA’s accelerator program. Some companies include Guardian Lane, At Their Side and Mama Gaia. [Long Beach Accelerator]
The Bay partnered with NuOrder. The Bay operates thebay.com marketplace and NuOrder by Lightspeed connects buyers and suppliers to localize and complete orders. The partnership will allow for the acceleration of the digitization of The Bay’s platform. [WWD]
