Armed with some data from our friends at CrunchBase, I broke down the largest LA startup funding rounds during January 2021. I have included some additional information as well such as industry and brief funding description, to further the analysis for the state of venture capital in LA. For the purposes of this analysis, only equity funding rounds were considered.
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9. Outstanding Foods $10.0M
Round: Series A
Description: Outstanding Foods is a manufacturer of plant-based food products and a Better-For-You Snack Brand. Founded by Bill Glaser and David Anderson in 2016, Outstanding Foods has now raised a total of $15.0M in total equity funding and is backed by investors that include Snoop Dogg, SternAegis, Explorer Equity Group, Dyrdek Machine, and Javier Velez-Bautista.
Investors in the round: Javier Velez-Bautista, Kenneth Harris, SternAegis
Industry: Consumer Goods, Food and Beverage, Food Processing, Snack Food
Founders: Bill Glaser, David Anderson
Founding year: 2016
Total equity funding raised: $15.0M
9. Arca $10.0M
Round: Series A
Description: Arca is an asset management firm that creates and manages institutional grade products using crypto and blockchain technology. Founded by Rayne Steinberg and Philip Liu in 2018, Arca has now raised a total of $10.0M in total equity funding and is backed by investors that include RRE Ventures, Arca, Littlebanc Advisors LLC., and Alex Tisch.
Investors in the round: Alex Tisch, Littlebanc Advisors LLC., RRE Ventures
Industry: Finance, Financial Services
Founders: Rayne Steinberg, Philip Liu
Founding year: 2018
Total equity funding raised: $10.0M
8. Outer $10.5M
Round: Series A
Description: Outer is a direct-to-consumer outdoor furniture brand. Founded by Jiake Liu and Terry Lin in 2017, Outer has now raised a total of $15.0M in total equity funding and is backed by investors that include Social Starts, Sequoia Capital China, K2VC, Justin Kan, and Plum Ventures.
Investors in the round: Andy Katz-Mayfield, Jason Calacanis, Jeffrey Raider, Justin Kan, MANTIS Venture Capital, Mucker Capital, overtime.vc, Plum Ventures, Robin Chan, Scott Tannen, Sequoia Capital China, Social Starts, Unlock Venture Partners
Industry: Furniture, Manufacturing, Retail
Founders: Jiake Liu, Terry Lin
Founding year: 2017
Total equity funding raised: $15.0M
7. Brace $15.7M
Round: Series B
Description: Brace provides technology solutions to drive innovation in the mortgage servicing industry. Founded by Amr Mohamed and Eric Rachmel in 2017, Brace has now raised a total of $30.5M in total equity funding and is backed by investors that include Crosslink Capital, Point72 Ventures, Canvas Ventures, Revolution’s Rise of the Rest Seed Fund, and Silicon Badia.
Investors in the round: Canvas Ventures, Crosslink Capital, Point72 Ventures
Industry: Computer, FinTech, Software
Founders: Amr Mohamed, Eric Rachmel
Founding year: 2017
Total equity funding raised: $30.5M
Make an impact on your bottom line and drive leads in 2021!
The LA TechWatch audience is driving progress and innovation on a global scale. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including strategic brand placement, lead generation, and thought leadership in front of an audience that comprises the vast majority of key decision-makers in the LA business community and beyond. Learn more about advertising to LA Tech, at scale.
6. Nacelle $18.0M
Round: Series A
Description: Nacelle turns slow eCommerce sites into lightning fast PWAs which convert 25%+ better Founded by Brian Anderson and Rachel Tyers in 2019, Nacelle has now raised a total of $22.8M in total equity funding and is backed by investors that include Lerer Hippeau, Index Ventures, Inovia Capital, Accomplice, and High Alpha.
Investors in the round: Accomplice, High Alpha, Index Ventures, Inovia Capital, Lerer Hippeau, Silas Capital
Industry: E-Commerce, Information Technology, Internet
Founders: Brian Anderson, Rachel Tyers
Founding year: 2019
Total equity funding raised: $22.8M
5. OpenDrives $20.0M
Round: Series B
Description: Open Drives builds network attached, shared storage solution for high resolution image and video workflows. Founded by Jeff Brue and Kyle Jackson in 2011, OpenDrives has now raised a total of $31.0M in total equity funding and is backed by investors that include IAG Capital Partners and Double M Partners.
Investors in the round: IAG Capital Partners
Industry: Data Storage, Homeland Security, Information Technology, Media and Entertainment, Software, Video Games
Founders: Jeff Brue, Kyle Jackson
Founding year: 2011
Total equity funding raised: $31.0M
4. AppOnboard $20.0M
Round: Series C
Description: Dream Big, Build Fast. No code development software for anyone. Founded by Adam Piechowicz and Jonathan Zweig in 2016, AppOnboard has now raised a total of $62.1M in total equity funding and is backed by investors that include 500 Startups, Mirae Asset Global Investments, Gaingels, Abstract Ventures, and 500 Startups Vietnam.
Investors in the round: Gaingels, Galaxy Venture Capital, LVP, Manta Ray Ventures, Raine Ventures
Industry: App Marketing, Data Visualization, Developer APIs, Developer Platform, Developer Tools, Gaming, Mobile Advertising, Mobile Apps, Mobile Devices, Software
Founders: Adam Piechowicz, Jonathan Zweig
Founding year: 2016
Total equity funding raised: $62.1M
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3. Rockley Photonics $65.0M
Round: Venture
Description: Rockley Photonics manufactures photonics chips and custom integrated packaged products. Founded by Andrew Rickman in 2013, Rockley Photonics has now raised a total of $207.0M in total equity funding and is backed by investors that include Ahren Innovation Capital, Kreos Capital, Applied Ventures, Perscitus LLP, and Morningside Venture Investments.
Investors in the round: Morningside Venture Investments
Industry: Electronics, Manufacturing, Semiconductor
Founders: Andrew Rickman
Founding year: 2013
Total equity funding raised: $207.0M
2. Albert $100.0M
Round: Series C
Description: Albert is a financial technology company aiming to democratize money management by making financial advice accessible and affordable. Founded by Andrzej Baraniak and Yinon Ravid in 2015, Albert has now raised a total of $172.9M in total equity funding and is backed by investors that include General Atlantic, 500 Startups, Bessemer Venture Partners, QED Investors, and AltaIR Capital.
Investors in the round: CapitalG, General Atlantic, Portag3 Ventures, QED Investors
Industry: Apps, Consulting, Finance, Financial Services, FinTech
Founders: Andrzej Baraniak, Yinon Ravid
Founding year: 2015
Total equity funding raised: $172.9M
LA TechWatch’s exclusive coverage of this round: Albert Raises $100M to Help Manage Your Finances with a Blend of Automation and Expert Human Guidance
1. Sidecar Health $125.0M
Round: Series C
Description: Sidecar Health is an insurtech company that provides a personalized health insurance platform. Founded by Patrick Quigley and Veronica Osetinsky in 2018, Sidecar Health has now raised a total of $163.0M in total equity funding and is backed by investors that include Menlo Ventures, Tiger Global Management, Cathay Innovation, Alpha Edison, and Drive Capital.
Investors in the round: Alpha Edison, Bond, Cathay Innovation, Drive Capital, GreatPoint Ventures, Menlo Ventures, Tiger Global Management
Industry: Health Care, Health Insurance, Insurance, InsurTech
Founders: Patrick Quigley, Veronica Osetinsky
Founding year: 2018
Total equity funding raised: $163.0M
Make an impact on your bottom line and drive leads in 2021!
The LA TechWatch audience is driving progress and innovation on a global scale. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including strategic brand placement, lead generation, and thought leadership in front of an audience that comprises the vast majority of key decision-makers in the LA business community and beyond. Learn more about advertising to LA Tech, at scale.
