With so much going on in the thriving LA tech and startup ecosystem, it is easy to miss some of the news in the space. We keep you abreast of the things that you may have missed in LA Tech news for the week ending 11/11 featuring news for Spill, Needed, and much, much more.
L-Nutra – $47M
L-Nutra, a nutri-technology brand focused on longevity science, has raised $47M in Series D funding from investors that include Brentwood Associates and Stephane Bancel. L-Nutra was founded by Joseph Antoun and Valter Longo in 2009.
Needed – $14M
Needed, a perinatal nutrition brand, has raised $14M in Venture funding from investors that include Seae Ventures, The Craftory, and Crescent Ridge Partners Ventures. Founded by Julie Sawaya and Ryan Woodbury in 2017, Needed has now raised a total of $24.2M in reported equity funding.
Harvard data scientist upends finance community with returns in this market
The AI revolution has already begun to rewire Wall St, and its impact has been strongly felt in one growing market in particular. Because, thanks to a Harvard data scientist and his crack team, everyday people can now benefit from a previously “off-limits” investment.
The company that makes it all possible is called Masterworks, whose unique investment platform enables savvy investors to invest in blue-chip art for a fraction of the cost. Their proprietary database of art market returns provides an unrivaled quantitative edge in analyzing the art market.
With all 16 of its exits, Masterworks has achieved a profit, with recent exits delivering +17.8%, +21.5%, and +35.0% annualized net returns.
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Investing involves risk and past performance is not indicative of future returns. See important Reg A disclosures and aggregate advisory performance at masterworks.com/cd
Sift – $7.5M
Sift, a telemetry startupfocused on the way machine data is recorded, visualized, interpreted, and automated, has raised $7.5M in Venture funding from investors that include Riot Ventures and Fika Ventures. Sift was founded by Karthik Gollapudi and Austin Spiegel in 2023.
Spill – $2M
Spill, a next gen social media app focused on culture, has raised $2M in Pre-Seed funding from investors that include led by Collide Capital. Founded by Alphonzo Phonz Terrell in 2022, Spill has now raised a total of $5M in reported equity funding.
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