Divergent Secures $160M, Coral Tree Partners Land $470M Fund

This week in “Raises,” a Torrance-based 3D-printing startup looking to disrupt the auto industry secured $160 million in fresh funding. Meanwhile, an L.A. investment firm seals close to half a billion dollars for its first fund.

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Venture Capital

Divergent Technologies, a 3D-printing automotive manufacturing company, raised a $160 million Series C round from investors including John L. Thornton, Tom Steyer and Hedosophia.

Men’s apparel brand Johnnie-O received a $108 million investment from Ares Management and Wasatch Global Investors.

Kevin Hart’s media and entertainment company HARTBEAT launched with a $100 million investment from Abry Partners.

Concert Health, a behavioral health medical group focused on treating depression and anxiety, raised a $42 million Series B round led by Define Ventures.

Estate and wealth management platform Vanilla raised a $30 million Series B round led by Insight Partners.

South 8 Technologies, a developer of electrolyte formulations for lithium-ion batteries, raised a $12 million Series A round led by Anzu Partners.

Creator-focused blockchain startup Our Happy Company, co-founded by musician John Legend, raised $7.5 million in seed funding led by Infinity Ventures Crypto and Animoca Brands.

Text-to-pay technology startup Authvia raised a $7 million Series A round led by Red Door Capital Partners.

NFT-minting protocol company CXIP Labs raised a $6.5 million seed round co-led by Courtside Ventures and Wave Financial.

Amydis, a pharmaceutical company focused on developing innovative chemistry to detect diseases, raised $5.7 million in equity, per an SEC filing.

Health care tech startup Notisphere raised $3.6 million in seed funding led by Royal Street Ventures.

Spirits startup AMASS Brands raised $3.4 million in new equity, per an SEC filing.