Armed with some data from our friends at CrunchBase, I broke down the largest LA startup funding rounds during March 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. Counterpart $10.0M
Round: Series A
Description: Counterpart is an insurtech startup company that works in the management liability insurance market. Founded by Tanner Hackett in 2019, Counterpart has now raised a total of $10.0M in total equity funding and is backed by investors that include Felicis Ventures, Valor Equity Partners, and Susa Ventures.
Investors in the round: Felicis Ventures, Susa Ventures, Valor Equity Partners
Industry: Artificial Intelligence, Big Data, FinTech, InsurTech, Software
Founders: Tanner Hackett
Founding year: 2019
Total equity funding raised: $10.0M
8. Maestro $15.0M
Round: Series B
Description: Maestro provides a white label platform for enterprise live streamers to own, engage, and monetize their audiences. Founded by Ari Evans in 2015, Maestro has now raised a total of $20.8M in total equity funding and is backed by investors that include 500 Startups, StartX (Stanford-StartX Fund), Funplus, NetEase, and Kevin Lin.
Investors in the round: Aaron Lewis, Acronym Venture Capital, Amy Morhaime, Hersh Interactive Group, Kevin Lin, Michael Morhaime, NetEase, Richard Gatchalian, SeventySix Capital, Sony Music Entertainment, Stadia Ventures, The Strand Partners, Transcend Fund
Industry: eSports, SaaS, Video, Video on Demand, Video Streaming
Founders: Ari Evans
Founding year: 2015
Total equity funding raised: $20.8M
7. LinearB $16.0M
Round: Series A
Description: LinearB is analytics & automation for software development teams Founded by Dan Lines and Ori Keren in 2018, LinearB has now raised a total of $20.6M in total equity funding and is backed by investors that include Battery Ventures, 83North, Ariel Maislos, and TechAviv Founder Partners.
Investors in the round: 83North, Ariel Maislos, Battery Ventures, TechAviv Founder Partners
Industry: Analytics, Information Technology, Machine Learning, Software
Founders: Dan Lines, Ori Keren
Founding year: 2018
Total equity funding raised: $20.6M
6. Bionaut Labs $20.0M
Round: Series A
Description: Bionaut Labs revolutionizes the treatment of central nervous system disorders with its precision medicine treatment modality. Founded by Aviad Maizels and Michael Shpigelmacher in 2016, Bionaut Labs has now raised a total of $20.0M in total equity funding and is backed by investors that include Khosla Ventures, Compound, Revolution’s Rise of the Rest Seed Fund, Revolution, and Upfront Ventures.
Investors in the round: Bold Capital Partners, Compound, Khosla Ventures, Revolution, Upfront Ventures
Industry: Biopharma, Biotechnology, Health Care, Therapeutics
Founders: Aviad Maizels, Michael Shpigelmacher
Founding year: 2016
Total equity funding raised: $20.0M
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5. Flowspace $31.0M
Round: Series B
Description: Flowspace offers an on-demand warehousing and fulfillment network. Founded by Ben Eachus and Jason Harbert in 2017, Flowspace has now raised a total of $46.5M in total equity funding and is backed by investors that include BuildGroup, Y Combinator, Canvas Ventures, 1984 Ventures, and Moment Ventures.
Investors in the round: 1984 Ventures, BuildGroup, Canvas Ventures, eGateway Capital, Industrious Ventures, Moment Ventures, Y Combinator
Industry: Logistics, Supply Chain Management, Warehousing
Founders: Ben Eachus, Jason Harbert
Founding year: 2017
Total equity funding raised: $46.5M
4. Theorycraft Games $37.5M
Round: Series A
Description: Theorycraft Games operates as an independent game studio. Founded by Areeb Pirani and Michael Evans in 2020, Theorycraft Games has now raised a total of $37.5M in total equity funding and is backed by investors that include New Enterprise Associates, NetEase, Griffin Gaming Partners, BITKRAFT Ventures, and Sisu Game Ventures.
Investors in the round: BITKRAFT Ventures, Griffin Gaming Partners, NetEase, New Enterprise Associates, Sisu Game Ventures
Industry: Gamification, Gaming, Media and Entertainment, Video Games
Founders: Areeb Pirani, Michael Evans
Founding year: 2020
Total equity funding raised: $37.5M
3. NuORDER $45.0M
Round: Series D
Description: NuORDER is a cloud and mobile B2B eCommerce platform empowering brands and retailers to streamline their business operations. Founded by Heath Wells and Olivia Skuza in 2011, NuORDER has now raised a total of $81.9M in total equity funding and is backed by investors that include BoxGroup, NewSpring, Greycroft, Cowboy Ventures, and Upfront Ventures.
Investors in the round: Brighton Park Capital, Imaginary Ventures
Industry: B2B, E-Commerce, Wholesale
Founders: Heath Wells, Olivia Skuza
Founding year: 2011
Total equity funding raised: $81.9M
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2. ABL Space Systems $170.0M
Round: Series B
Description: ABL Space Systems builds rockets to launch small satellites. Founded by Harry O’Hanley in 2017, ABL Space Systems has now raised a total of $219.0M in total equity funding and is backed by investors that include T. Rowe Price, Fidelity Management and Research Company, JAM Fund, Justin Mateen, and Lockheed Martin.
Investors in the round: Fidelity Management and Research Company, T. Rowe Price
Industry: Information Technology, Internet, Satellite Communication
Founders: Harry O’Hanley
Founding year: 2017
Total equity funding raised: $219.0M
1. Orca Security $210.0M
Round: Series C
Description: Orca Security provides instant-on, workload-level security for AWS, Microsoft Azure, and Google Cloud Platform. Founded by Avi Shua, Ety Spiegel Hubara, Gil Geron, Hadas Amitay, Liran Antebi, Matan Ben-Gur, Shay Filosof, and Wagde Zabit in 2019, Orca Security has now raised a total of $292.0M in total equity funding and is backed by investors that include GGV Capital, Redpoint, CapitalG, YL Ventures, and ICONIQ Capital.
Investors in the round: CapitalG, GGV Capital, ICONIQ Growth, Redpoint, Silicon Valley CISO Investments
Industry: Cloud Security, Cyber Security, Information Technology
Founders: Avi Shua, Ety Spiegel Hubara, Gil Geron, Hadas Amitay, Liran Antebi, Matan Ben-Gur, Shay Filosof, Wagde Zabit
Founding year: 2019
Total equity funding raised: $292.0M
