With so much going on in the city’s thriving ecosystem, it is easy to miss some of the happenings in the space. We keep you abreast of the things that you may have missed in LA Tech News for the week ending 3/15 including the LA startup fundings, LA startup exits, and LA startup events featuring news for Pragma Platform, FCTRY LAb, Liminal Experiences, Uthana, and LiquidTrust.
Pragma Platform – $12.75M Venture
GAMING
INFRASTRUCTURE
Pragma Platform, a back-end gaming infrastructure platform, has raised $12.75M in Venture funding from investors that include Greylock Partners, Upfront Ventures, Insight Partners, and Square Enix. Founded by Chris Cobb and Eden Chen in 2020, Pragma Platform has now raised a total of $51M in reported equity funding.
FCTRY LAb – $8M Series A
FASHION
FOOTWEAR
FCTRY LAb, a footwear lab and brand, has raised $8M in Series A funding led by Level One Fund and Fog City Capital. Founded by Abhishek Som and Omar Bailey in 2022, FCTRY LAb has now raised a total of $15M in reported equity funding.
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Liminal Experiences – $5.8M Seed
GAMING
AI
Liminal Experiences, a UGC gaming startup focused on using AI to build personalized experiences, has raised $5.8M in Seed funding led by Riot Games, OTK Network, and BITKRAFT Ventures. Founded by Brendan Mulligan and David Lieberman in 2022, Liminal Experiences has now raised a total of $5.8M in reported equity funding.
Uthana – $4.3M Venture
AI
3D ANIMATION
Uthana, a generative AI platform for 3D character animation, has raised $4.3M in Venture funding led by IA Ventures. Founded by Viren Tellis and Kethan Tellis in 2022, Uthana has now raised a total of $4.3M in reported equity funding.
LiquidTrust – $4M Venture
FINTECH
PAYMENTS
LiquidTrust, a secure payment platform for small and medium-sized businesses that offers escrow services, has raised $4M in Venture funding led by Resolute Ventures, Female Innovators Lab Fund, and Motivate Venture Capital. Founded by Saujin Yi in 2019, LiquidTrust has now raised a total of $4M in reported equity funding.
