Metropolis Technologies, a mobility commerce platform, has raised $167 million in Series B funding.
3L Capital and Assembly Ventures co-led the round, with participation from equity investors Dragoneer Investment Group, Eldridge, Silver Lake Waterman and UP Partners, among others.
Metropolis enables members to drive in and drive out of parking facilities without using credit cards or phones at hundreds of properties across the country. The platform also connects members to promotions and discounts with the surrounding business community.
The company said by connecting transportation, neighborhood commerce and payments for the first time, Metropolis is bringing the ease of digital transactions to a range of use cases in the physical world.
Leading investors in urban infrastructure and technology also joined the latest round, including former Deputy Mayor of New York City Dan Doctoroff, DivcoWest, Moving Capital (the Uber Alumni Syndicate), RXR Realty, and Zigg Capital.
In other L.A.-area tech news:
- Calaxy, a social marketplace for creators, has raised $26 million in strategic funding. The HBAR Foundation and Animoca Brands co-led the raise, with additional support from Polygon. Calaxy was co-founded by tech entrepreneur Solo Ceesay and NBA star Spencer Dinwiddie. After serving as chief operating officer since 2020, Ceesay has been named CEO, succeeding Spencer Dinwiddie, who become executive chair.
- Child care startup Kinside has raised $12 million in a Series A round led entirely by mothers, according to TechCrunch. They include Sasha McKenzie of Wellington Access Ventures; Joanna Drake of Magnify Ventures; Initialized’s Alda Leu Dennis; and Maven Ventures’ Sara Deshpande. The round brings Kinside’s total funding so far to $16 million after raising $4 million in a seed round led by Initialized in December 2019. Since its launch in 2019, Kinside’s marketplace has grown to thousands of child care providers, and it is used by parents from more than 3,000 employers.
- Polygon, a company specializing in remote evaluations and support for dyslexia, ADHD, and other learning differences, today announced that it closed a $3.6 million investment led by Spark Capital. The round brings Polygon's total funding to date to $4.2 million, with Pear VC having been the largest investor in the company's previously unannounced $600,000 pre-seed round. The company recently emerged from stealth and will use the new capital to develop its product further and expand its geographic reach. In addition, Spark Capital General Partner Natalie Sandman joins Polygon’s board.
- Japa Health Inc., a Laguna Niguel-based digital health content creation and data aggregation company, has closed a $1.245 million seed round. This round was led by Arcsync Co. Ltd, a unit of smart appliance company Vesync Co. Ltd. Japa Health also will replace Apple Health, powering the VeSync app for 3.1 million users of VeSync smart devices beginning later this year. Japa Health said it will use proceeds from the seed round to build predictive algorithms and content that deliver personalized health and wellness services to businesses and individuals.
