Armed with some data from our friends at CrunchBase, I broke down the largest LA startup funding rounds during May 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.
The Australian Trade and Investment Commission, in partnership with NUMA New York, invites you to Demo Day to meet the 10 most innovative US-bound Australian startups in FinTech, RegTech, InsurTech, and Big Data! Sign up before 6/17 for an exclusive invitation to Demo Day here.
7. Daring Foods $40.0M
Round: Series B
Description: Daring Foods is a startup company that produces plant-based chicken aimed to provide a healthy food alternative. Founded by Eliott Kessas and Ross Mackay in 2018, Daring Foods has now raised a total of $48.8M in total equity funding and is backed by investors that include D1 Capital Partners, Maveron, Good Friends, Stray Dog Capital, and Aubrey Graham (Drake).
Investors in the round:
Industry: Food and Beverage, Food Processing, Manufacturing
Founders: Eliott Kessas, Ross Mackay
Founding year: 2018
Total equity funding raised: $48.8M
The Australian Trade and Investment Commission, in partnership with NUMA New York, invites you to Demo Day to meet the 10 most innovative US-bound Australian startups in FinTech, RegTech, InsurTech, and Big Data! Sign up before 6/17 for an exclusive invitation to Demo Day here.
6. ProducePay $43.0M
Round: Series C
Description: ProducePay is an agriculture fin-tech start-up providing financing, analytics, and marketplace tools for the fresh produce market. Founded by Ben Dusastre and Pablo Schwarzbeck in 2014, ProducePay has now raised a total of $67.9M in total equity funding and is backed by investors that include FJ Labs, 500 Startups, Menlo Ventures, International Finance Corporation, and CoVenture.
Investors in the round:
Industry: Agriculture, Farming, Financial Services, FinTech, Payments
Founders: Ben Dusastre, Pablo Schwarzbeck
Founding year: 2014
Total equity funding raised: $67.9M
The Australian Trade and Investment Commission, in partnership with NUMA New York, invites you to Demo Day to meet the 10 most innovative US-bound Australian startups in FinTech, RegTech, InsurTech, and Big Data! Sign up before 6/17 for an exclusive invitation to Demo Day here.
5. Altruist $50.0M
Round: Series B
Description: Altruist is a FinTech company that develops a commission-free digital investment platform. Founded by Jason Wenk in 2018, Altruist has now raised a total of $58.5M in total equity funding and is backed by investors that include Insight Partners, Endeavor Catalyst, Venrock, Vanguard, and William McNabb.
Investors in the round:
Industry: Asset Management, Financial Services, FinTech
Founders: Jason Wenk
Founding year: 2018
Total equity funding raised: $58.5M
The Australian Trade and Investment Commission, in partnership with NUMA New York, invites you to Demo Day to meet the 10 most innovative US-bound Australian startups in FinTech, RegTech, InsurTech, and Big Data! Sign up before 6/17 for an exclusive invitation to Demo Day here.
4. OneOf $63.0M
Round: Seed
Description: OneOf is a new green NFT platform built specifically for the music community. Founded by Joshua James, Adam Fell, and Lin Dai in 2021, Oneof has now raised a total of $63.0M in total equity funding and is backed by investors that include Bill Tai, Tezos Foundation, Suna Said, Jack Herrick, and Jaeson Ma.
Investors in the round:
Industry: Blockchain, Collectibles, Marketplace, Music
Founders: Joshua James, Lin Dai, Adam Fell
Founding year: 2021
Total equity funding raised: $63.0M
The Australian Trade and Investment Commission, in partnership with NUMA New York, invites you to Demo Day to meet the 10 most innovative US-bound Australian startups in FinTech, RegTech, InsurTech, and Big Data! Sign up before 6/17 for an exclusive invitation to Demo Day here.
3. Genies $65.0M
Round: Series B
Description: Genies is an avatar technology company that builds avatars for people and communities. Founded by Akash Nigam, Evan Rosenbaum, Jake Adams, and Matt Geiger in 2017, Genies has now raised a total of $117.0M in total equity funding and is backed by investors that include Polychain, Foundation Capital, BoxGroup, Dapper Labs, and Gaingels.
Investors in the round:
Industry: Internet, Media and Entertainment, Mobile, Mobile Apps
Founders: Akash Nigam, Evan Rosenbaum, Jake Adams, Matt Geiger
Founding year: 2017
Total equity funding raised: $117.0M
The Australian Trade and Investment Commission, in partnership with NUMA New York, invites you to Demo Day to meet the 10 most innovative US-bound Australian startups in FinTech, RegTech, InsurTech, and Big Data! Sign up before 6/17 for an exclusive invitation to Demo Day here.
2. Sunbit $130.0M
Round: Series D
Description: Sunbit is a buy now, pay later technology of local service providers and retailers. Founded by Arad Levertov, Ornit Dweck-Maizel, Tal Riesenfeld, and Tamir Hazan in 2016, Sunbit has now raised a total of $210.0M in total equity funding and is backed by investors that include Alumni Ventures Group, AltaIR Capital, Zeev Ventures, Group 11, and TI Platform Management.
Industry: E-Commerce, Finance, FinTech, Retail
Founders: Arad Levertov, Ornit Dweck-Maizel, Tal Riesenfeld, Tamir Hazan
Founding year: 2016
Total equity funding raised: $210.0M
LA TechWatch’s exclusive coverage of this round: Sunbit Scores Another $130M for its Buy Now, Pay Later Platform for Everyday Services and Becomes LA’s Newest Unicorn</>
The Australian Trade and Investment Commission, in partnership with NUMA New York, invites you to Demo Day to meet the 10 most innovative US-bound Australian startups in FinTech, RegTech, InsurTech, and Big Data! Sign up before 6/17 for an exclusive invitation to Demo Day here.
1. ReCharge $227.0M
Round: Series B
Description: ReCharge offers subscription management software for e-commerce businesses. Founded by Michael Flynn and Oisin O’Connor in 2014, Recharge has now raised a total of $277.0M in total equity funding and is backed by investors that include Bain Capital Ventures, Summit Partners, and ICONIQ Growth.
Industry: Billing, E-Commerce, Mobile Payments, Software
Founders: Michael Flynn, Oisin O’Connor
Founding year: 2014
Total equity funding raised: $277.0M
The Australian Trade and Investment Commission, in partnership with NUMA New York, invites you to Demo Day to meet the 10 most innovative US-bound Australian startups in FinTech, RegTech, InsurTech, and Big Data! Sign up before 6/17 for an exclusive invitation to Demo Day here.
