Metropolis lands $167m, Alpha Edison seeks $340m for fund

In this week’s edition of “Raises”: A local fintech startup has raised $167 million to help pay for parking spaces, while Santa Barbara and Irvine software startups have also landed big raises of funds.

Capital risk

Metropolis Technologies, a Los Angeles-based fintech and “mobile commerce” platform, raised a $167 million Series B funding round co-led by 3L Capital and Assembly Ventures.

Overair, a Santa Ana-based electric vertical take-off and landing (eVTOL) aircraft startup, has raised a $145 million investment from Hanwha Group.

Invoca, a Santa Barbara-based AI software platform, raised an $83 million Series F funding round led by Silver Lake Waterman.

Performio, an Irvine-based sales commission software company, has raised a $75 million growth investment led by JMI Equity.

Moleaer, a Carson-based agricultural tech startup, raised a $40 million Series C funding round led by Apollo Global Management.

C-Zero, a Santa Barbara-based clean energy company focused on decarbonizing natural gas, raised a $34 million funding round led by SK Gas.

Tango, a Los Angeles-based platform that streamlines process documentation, raised a $14m Series A funding round led by Tiger Global Management.

XENDEE, a San Diego-based software provider for distributed energy resource planning and operations, raised $12m in Series A funding led by Anzu Partners.

Tellie, a Los Angeles-based site builder for Web3creators, raised $10 million in Series A funding from investors including Malibu Point Capital, Galaxy Digital, Osage Venture Partners, Dapper Labs, SXSW Innovation Fund and Gaingels .

Saysh, the Los Angeles-based lifestyle brand of Olympic track and field athlete Allyson Felix, has raised an $8 million Series A funding round led by IRIS Ventures and Athleta.


Alpha Edison, a Westwood-based venture capital firm, is seeking to raise $340 million for its third fund, according to an SEC filing.

Kairos Ventures, a Beverly Hills-based early-stage venture capital firm that invests in life science startups, has raised $58 million for its third fund.

Raises is dot.LA’s weekly article that highlights venture capital funding news in the Southern California tech and startup ecosystem. Please send fundraising news to Decerry Donato ([email protected]).

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