West Coast tech companies in the health, wellness and nutrition space pulled in lots of new financing last month to boost research and product commercialization. The five Los Angeles tech companies to raise the most funding in November brought in a combined $329 million. Keep reading for details on how these innovators will make the most of their latest capital.
Top Los Angeles Tech Funding Rounds, November 2023
- Divergent
- L-Nutra
- Bright Uro
- Zelig
- Needed
#5. $14 million, November 7
Needed specializes in perinatal nutrition. Founded by two mothers with backgrounds as trained nutritionists, Needed aims to address research gaps and provide its customers with supplements and education to support fertility, pregnancy, postpartum recovery and continued health. The company announced an additional $14 million in funding to back product innovation, content creation and clinical research through Needed Labs.
#4. $15 million, November 6
Zelig is working to bring its virtual try-on and styling, or VTO-S, Technology to the masses. The platform uses artificial intelligence, machine learning and computer vision to show users how selected clothing pieces look on a model whose body type and skin tone are similar to their own. It’s designed to improve the virtual shopping experience while also providing retailers with data insights they can act on for personalized marketing. Zelig’s $15 million in Series A financing will go toward enhancing the technology’s features and capabilities.
#3. $23 million, November 30
Medical device company Bright Uro plans to use its $23 million in recent capital to get its technology for diagnosing lower urinary tract conditions cleared by the FDA. That approval will prepare the company’s Glean Urodynamics System to head to the U.S. market. The product is a wireless device that can be used to monitor a patient’s lower urinary tract function without the need for a catheter. Glean makes urodynamics evaluations more accurate and efficient, according to Bright Uro.
#2. $15 million, November 6
L-Nutra has been around since 2009 working to develop plant-based nutrition solutions for slowing aging and combating diseases like diabetes. In a Series D funding round led by a personal investment from Moderna CEO Stephane Bancel, L-Nutra raised $47 million to increase access to its nutritional programs. The company says its ProLon diet plan, for example, provides nutrition while also keeping the body in a fasting state for a specified period, which research has shown leads to “cellular rejuvenation.”
#1. $230 million, November 13
Divergent is a software and hardware company building manufacturing solutions for clients in the automotive, aerospace and defense fields. Its adaptive production system uses generative AI in the design process and then produces parts for assembly through 3D printing technology. The company pulled in $230 million in Series D funding to expand its research and development efforts and factory locations.
