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Skylar nets $8 million, plus more funding news for Los Angeles commerce companies

Skylar nets $8 million, plus more funding news for Los Angeles commerce companies
Photo: Skylar/Facebook
By Hoodline - Published on March 01, 2019.

Los Angeles's commerce and shopping industry is raking in new investment, with four local companies raising money. New funding rounds were recently announced by commerce and shopping startups Skylar, Dray Alliance, HeyTutor and Competera, according to company database Crunchbase.

Skylar topped the city's recent funding headlines by announcing an $8 million Series A round on February 13, led by FirstMark.

According to its Crunchbase profile, "Skylar brings a fresh take on the $40B global fragrance industry by offering scents that are fresh, hypoallergenic, and cruelty-free. Skylar is rapidly growing by offering a more personal and convenient way to shop for fragrances with their scent quiz and at-home sampling program. Skylar sources natural ingredients from all over the world and collaborates with a world-class fragrance house and perfumers to create their collection of scents."

The two-year-old startup has raised two previous funding rounds, including a $3 million seed round in 2018.

Next up, Dray Alliance raised $3.5 million in seed funding, in a round announced on February 25 and led by Craft Ventures.

According to Crunchbase, "Dray Alliance is disrupting the multi-billion dollar drayage trucking industry with a technology platform that makes deliveries to warehouses simple, predictable, and transparent. Eliminating the friction in each step of the delivery process, Dray Alliance efficiently connects shippers, carriers, and truckers in real time."

Founded in 2017, the company has raised two previous rounds, including a $1 million seed round in 2018.

Meanwhile, HeyTutor raised $1 million in seed funding, announced on February 4. The round was financed by ScOp Venture Capital.

From the company's Crunchbase profile, "HeyTutor is a web-based platform that enables students, tutors, and agencies to connect in real time. The platform allows tutors to set up online accounts and set their own hourly rates based on experience and credentials in their field of expertise. It enables tutors to transfer reviews and testimonials from previous students to their platform profiles."

HeyTutor last raised $150,000 in seed funding in 2018.

Also of note, predictive analytics company Competera raised $500,000 in seed funding, announced on February 5 and financed by SMRK VC Fund.

From Crunchbase, "Competera is a new generation AI-driven pricing software which converts demand prediction into revenue for retailers. Founded in 2014, Competera provides price optimization and data scraping solutions for e-commerce and brick&click retailers."

The company previously raised $1 million in seed funding in 2017.

Across the industry, Los Angeles-based commerce and shopping companies have raised $94 million in venture funding over the past month, and $426 million over the past year.


This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.