The latest venture capital, seed, pre-seed, and angel deals for LA startups for 9/12/2023 featuring funding details for Lucendi and much more. This page will be updated throughout the day to reflect any new fundings.
Lucendi – $1M
Lucendi, AI-powered smart measurement platform that powers comptutional microscopy, has raised $1M in funding according to a recent SEC filing funding from investors that include . The filing indicates that this round comes from a sole investor. Founded by Aydogan Ozcan and Maxim Batalin in 2016, Lucendi has now raised a total of $2.2M in reported equity funding.
Mm-hmm, sure. So, what’s the catch?
We know it may sound too good to be true. But thousands of investors are already smiling all the way to the bank, thanks to the fine-art investing platform Masterworks.
These results aren’t cherry-picking. This is the whole bushel. Masterworks has built a track record of 16 exits, including net returns of +10.4%, +27.3%, and +35.0%, even while financial markets plummeted.
But art? Really? Okay, skeptics, here are the numbers. Contemporary art prices:
- outpaced the S&P 500 by 131% over the last 26 years
- have the lowest correlation to equities of any asset class
- remained stable through the dot-com bubble and ’08 crisis
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