{"id":202987,"date":"2025-09-05T18:33:08","date_gmt":"2025-09-05T18:33:08","guid":{"rendered":"https:\/\/www.europesays.com\/us\/202987\/"},"modified":"2025-09-05T18:33:08","modified_gmt":"2025-09-05T18:33:08","slug":"snaps-ai-paramounts-rto-and-neuehouses-exit-las-wild-week","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/202987\/","title":{"rendered":"Snap\u2019s AI, Paramount\u2019s RTO, and NeueHouse\u2019s Exit: LA\u2019s Wild Week"},"content":{"rendered":"<p>\ud83d\udd26 Spotlight<\/p>\n<p><strong>Happy Friday, Los Angeles,<\/strong><\/p>\n<p>It\u2019s Labor Day weekend, which means most of us are thinking about a little time off. But one LA startup is laser focused on work, specifically on the millions of immigrant workers who keep the U.S. economy running.<\/p>\n<p>This week, <a href=\"https:\/\/www.welcome.tech\/\" rel=\"noopener noreferrer\" target=\"_blank\"><strong>Welcome Tech<\/strong><\/a> raised <a href=\"https:\/\/www.businesswire.com\/news\/home\/20250825848113\/en\/Welcome-Tech-Raises-%247.5M-to-Scale-AI-Powered-Platform-Connecting-Immigrant-Workforce-with-U.S.-Employers\" target=\"_blank\" rel=\"noopener\"><strong>$7.5 million<\/strong><\/a> to expand its AI powered platform that connects immigrant communities with U.S. employers. If you\u2019re not familiar, Welcome Tech has quietly become one of the most important bridges between immigrant workers and the American labor market. The company offers a suite of services, from job matching and financial tools to healthcare and education, built specifically for immigrant families navigating systems that weren\u2019t designed with them in mind.<\/p>\n<p>The scale is staggering. Welcome Tech already supports more than <strong>4.5 million registered members<\/strong>, and its enterprise partnerships have tripled in the last year. Revenue is up more than 200 percent year over year. With this new funding, the company plans to double down on AI, personalizing onboarding, automating job matching, and expanding multilingual support so workers can find opportunities faster and employers can access a motivated workforce with fewer barriers.<\/p>\n<p>Welcome Tech\u2019s growth also underscores something very LA: this city runs on immigrant talent, and the systems that support them often lag behind. By building infrastructure tailored to this workforce, Welcome Tech isn\u2019t just scaling a business, it\u2019s tackling a gap that traditional employers and institutions have ignored for decades.<\/p>\n<p>As Labor Day weekend rolls in, it\u2019s a reminder that the real labor story isn\u2019t just about time off, it\u2019s about how companies like Welcome Tech are reshaping access to opportunity in one of the country\u2019s most essential workforces.<\/p>\n<p>And with that, let\u2019s get into this week\u2019s venture deals across LA.<\/p>\n<p>\ud83e\udd1d Venture Deals<\/p>\n<p><strong>LA Companies<\/strong><\/p>\n<ul class=\"ee-ul\">\n<li><a href=\"https:\/\/www.paymentlabs.io\/\" target=\"_blank\" rel=\"noopener\">Payment Labs<\/a>, a Los Angeles based fintech specializing in seamless payment workflows for industries like sports, esports, and the creator economy, has closed an oversubscribed $3.25M seed funding round led by <a href=\"https:\/\/aperturevc.com\/\" target=\"_blank\" rel=\"noopener\">Aperture Venture Capital<\/a>. The company\u2019s API powered SaaS platform, already trusted by Microsoft, SEGA, X Games, and more, simplifies complex global pay ins and payouts across 150+ currencies and 180+ countries while integrating tax compliance, royalty distributions, and reporting. This new capital will accelerate expansion of tailored payment solutions and bolster operations to support high growth verticals. <a href=\"https:\/\/www.paymentlabs.io\/blog\/all\/fintech-startup-payment-labs-raises-3-25-million-seed-round-to-power-payments-in-sports-creator-economy-esports-and-more\" rel=\"noopener noreferrer\" target=\"_blank\">&#8211; learn more<\/a><\/li>\n<\/ul>\n<p><strong>LA Venture Funds<\/strong><\/p>\n<ul class=\"ee-ul\">\n<li><a href=\"https:\/\/www.clocktowerventures.com\/\" target=\"_blank\" rel=\"noopener\">Clocktower Technology Ventures<\/a>, participated in <a href=\"https:\/\/www.tumomento.com\/\" rel=\"noopener noreferrer\" target=\"_blank\">Momento Seguros<\/a>\u2019 $10.25M Series A round. The Mexico City based digital auto insurer is leveraging the capital to expand its full-stack platform, offering flexible, mobile-first coverage tailored to underserved drivers. By modernizing payments, underwriting, and claims processing, Momento aims to disrupt a traditionally rigid insurance market with transparent, user-centric solutions. <a href=\"https:\/\/www.axios.com\/pro\/fintech-deals\/2025\/08\/28\/mexican-auto-insurer-momento-seguros-10-million\" rel=\"noopener noreferrer\" target=\"_blank\">&#8211; learn more<\/a><\/li>\n<\/ul>\n<ul class=\"ee-ul\">\n<li><a href=\"https:\/\/www.dangerous.co\/\" rel=\"noopener noreferrer\" target=\"_blank\">Dangerous Ventures<\/a> participated in <a href=\"https:\/\/copperhome.com\/\" rel=\"noopener noreferrer\" target=\"_blank\">Copper\u2019<\/a>s $28M funding round aimed at scaling the world\u2019s first battery equipped induction range. The Berkeley based company builds plug and play induction stoves with built in batteries that run on standard 120 volt outlets, simplifying electrification of cooking while offering backup power during outages. Copper plans to use the new funds to expand production, develop new appliances, and leverage its grid friendly design, already under contract to deliver 10,000 units to public housing, to drive broader adoption of clean, efficient cooking solutions. <a href=\"https:\/\/www.globenewswire.com\/news-release\/2025\/08\/27\/3140085\/0\/en\/Copper-lands-28-million-financing-to-scale-technology-behind-world-s-first-battery-equipped-induction-range.html\" rel=\"noopener noreferrer\" target=\"_blank\">&#8211; learn more<\/a><\/li>\n<\/ul>\n<ul class=\"ee-ul\">\n<li><a href=\"https:\/\/www.are.com\/venture-investments.html\" rel=\"noopener noreferrer\" target=\"_blank\">Alexandria Venture Investments<\/a> participated in <a href=\"https:\/\/lealtx.com\/\" rel=\"noopener noreferrer\" target=\"_blank\">Leal Therapeutics<\/a>\u2019 $30M Series A round, joining a syndicate that includes SV Health Investors\u2019 Dementia Discovery Fund, OrbiMed, Newpath Partners, Chugai Venture Fund, Euclidean Capital, and PhiFund. Leal is advancing its neuro metabolic pipeline with lead programs LTX 001 moving into clinical trials for schizophrenia and LTX 002 progressing toward initial clinical data in ALS. This funding will also support the advancement of additional pipeline candidates and technologies aimed at delivering transformative treatments for CNS disorders. <a href=\"https:\/\/lealtx.com\/press-releases\/leal-therapeutics-announces-30-million-series-a\/\" rel=\"noopener noreferrer\" target=\"_blank\">&#8211; learn more<\/a><\/li>\n<\/ul>\n<ul class=\"ee-ul\">\n<li><a href=\"https:\/\/www.impatient.vc\/\" rel=\"noopener noreferrer\" target=\"_blank\">Impatient Ventures<\/a> and <a href=\"https:\/\/www.riot.vc\/\" rel=\"noopener noreferrer\" target=\"_blank\">Riot Ventures<\/a> participated in <a href=\"https:\/\/www.blw.ai\/\" rel=\"noopener noreferrer\" target=\"_blank\">Blue Water Autonomy<\/a>\u2019s $50M Series A funding round to accelerate development of autonomous, long range ships designed for the U.S. Navy. The capital will be used to build and deploy the firm&#8217;s first full sized autonomous ship by next year and support rapid scaling, as the team has already quadrupled since its seed round while completing engineering tests and securing materials from over 50 suppliers. This funding brings the company\u2019s total raised to $64 million and underscores growing momentum around U.S. maritime innovation. <a href=\"https:\/\/www.prnewswire.com\/news-releases\/blue-water-autonomy-announces-50-million-series-a-led-by-gv-to-strengthen-us-maritime-power-with-autonomous-unmanned-ships-302538277.html\" rel=\"noopener noreferrer\" target=\"_blank\">&#8211; learn more<\/a><\/li>\n<\/ul>\n<ul class=\"ee-ul\">\n<li><a href=\"https:\/\/www.tenoneten.com\/\" rel=\"noopener noreferrer\" target=\"_blank\">TenOneTen Ventures<\/a> joined a $3.5M seed round in <a href=\"https:\/\/loman.ai\/\" rel=\"noopener noreferrer\" target=\"_blank\">Loman AI<\/a>, supporting the Austin based startup\u2019s efforts to transform restaurant operations using voice AI. Loman\u2019s AI phone agent handles call volume by taking orders, booking reservations, answering FAQs, and integrating smoothly with POS systems, helping restaurants boost revenue by up to 22% while cutting labor costs by as much as 17%. This new funding will accelerate product development and team expansion as demand for Loman\u2019s platform grows nationwide. <a href=\"https:\/\/www.businesswire.com\/news\/home\/20250826992233\/en\/Loman-AI-Raises-%243.5-Million-to-Transform-Restaurant-Operations-with-Voice-AI\" rel=\"noopener noreferrer\" target=\"_blank\">&#8211; learn more<\/a><\/li>\n<\/ul>\n<ul class=\"ee-ul\">\n<li><a href=\"https:\/\/www.civ.co\/\" rel=\"noopener noreferrer\" target=\"_blank\">CIV<\/a> participated in <a href=\"https:\/\/www.aigent.energy\/\" rel=\"noopener noreferrer\" target=\"_blank\">AiGent<\/a>\u2019s $6M seed round, backing the AI driven startup\u2019s mission to transform idle backup generators into a powerful decentralized grid resource. AiGent\u2019s platform aggregates and orchestrates distributed generation assets including those at commercial, industrial, and mission critical facilities like AI data centers, turning them into rapidly dispatchable \u201cdistributed power plants.\u201d This innovative approach not only enhances grid reliability and reduces costs but also opens up new revenue streams for asset owners without the time, cost, or disruption of building additional infrastructure. <a href=\"https:\/\/www.prnewswire.com\/news-releases\/aigent-raises-6m-in-funding-to-couple-ai-with-distributed-generation-to-deliver-grid-reliability-at-scale-302538264.html\" rel=\"noopener noreferrer\" target=\"_blank\">&#8211; learn more<\/a><\/li>\n<\/ul>\n<ul class=\"ee-ul\">\n<li><a href=\"https:\/\/bluebearcap.com\/\" rel=\"noopener noreferrer\" target=\"_blank\">Blue Bear Capital<\/a> led a $12.4M SAFE funding round in <a href=\"https:\/\/www.splight.com\/\" rel=\"noopener noreferrer\" target=\"_blank\">Splight<\/a>, supporting the San Francisco-based grid technology company\u2019s mission to dramatically expand transmission capacity using machine-learning. The new capital will fuel deployment of Splight\u2019s flagship Dynamic Congestion Management\u2122 across U.S. and European grids\u2014helping alleviate long interconnection delays and renewables curtailment by intelligently leveraging existing infrastructure. This round also secures Splight\u2019s ability to scale both its commercial and technical teams amid surging demand from AI data centers and utilities. <a href=\"https:\/\/www.prnewswire.com\/news-releases\/splight-raises-12-4m-to-expand-transmission-capacity-with-machine-learning-amid-surging-demand-from-data-centers-and-utilities-302538185.html#:~:text=SAN%20FRANCISCO%2C%20Aug.%2026%2C,with%20participation%20from%20ZOMA%20Capital.\" rel=\"noopener noreferrer\" target=\"_blank\">&#8211; learn more<\/a><\/li>\n<\/ul>\n<ul class=\"ee-ul\">\n<li><a href=\"https:\/\/www.amboystreet.vc\/\" rel=\"noopener noreferrer\" target=\"_blank\">Amboy Street Ventures<\/a> participated in <a href=\"https:\/\/www.nesthealth.com\/\" rel=\"noopener noreferrer\" target=\"_blank\">Nest Health<\/a>\u2019s $12.5M Series A round to support the expansion of its whole family, in home care model for Medicaid populations. Nest Health leverages AI powered clinical services, from medical to behavioral and social support, to deliver care at home while cutting churn and improving outcomes, including reduced ER visits and higher vaccination rates. The company will use the funding to scale its AI enabled care offerings into new regions and enhance partnerships with payors. <a href=\"https:\/\/www.prnewswire.com\/news-releases\/nest-health-raises-series-a-to-expand-nations-leading-in-home-family-care-model-for-medicaid-amid-historic-policy-shifts-302537253.html\" rel=\"noopener noreferrer\" target=\"_blank\">&#8211; learn more<\/a><\/li>\n<\/ul>\n<ul class=\"ee-ul\">\n<li><a href=\"https:\/\/vamosventures.com\/\" rel=\"noopener noreferrer\" target=\"_blank\">VamosVentures<\/a> participated in <a href=\"https:\/\/www.kirafin.ai\/\" rel=\"noopener noreferrer\" target=\"_blank\">Kira<\/a>\u2019s $6.7M seed funding round, supporting the AI driven fintech infrastructure platform as it emerges from stealth. The capital will enable Kira to expand across Latin America, especially South America, scale its technical team, and accelerate development of new embedded financial products powered by stablecoins, AI agents, and enterprise grade APIs. Kira aims to streamline financial services in markets with large underbanked populations and has already generated $3 million in revenue in its first year. <a href=\"https:\/\/www.prnewswire.com\/news-releases\/kira-raises-6-7m-to-help-companies-launch-embedded-ai-fintech-products-302538874.html\" rel=\"noopener noreferrer\" target=\"_blank\">&#8211; learn more<\/a><\/li>\n<\/ul>\n<p><a href=\"https:\/\/apps.apple.com\/us\/app\/dot-la\/id6482981727?utm_source=dotla.beehiiv.com&amp;utm_medium=referral&amp;utm_campaign=from-pitch-meetings-to-power-lunches-la-s-exclusive-membership-clubs\" target=\"_self\" rel=\"noopener\"><strong>Download the dot.LA App<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"\ud83d\udd26 Spotlight Happy Friday, Los Angeles, It\u2019s Labor Day weekend, which means most of us are thinking about&hellip;\n","protected":false},"author":3,"featured_media":202988,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5123],"tags":[1582,276,2961,224,103879,5337,2295,13781],"class_list":{"0":"post-202987","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-los-angeles","8":"tag-ca","9":"tag-california","10":"tag-la","11":"tag-los-angeles","12":"tag-los-angeles-tech-news","13":"tag-losangeles","14":"tag-newsletter","15":"tag-tech-news"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115153129008044327","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/202987","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=202987"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/202987\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/202988"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=202987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=202987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=202987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}