Armed with some data from our friends at CrunchBase, I broke down the largest LA startup funding rounds during December 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.
NowRx is disrupting the $480B retail pharmacy industry with unheard of personalized service and free same-day pharmacy delivery. The company uses its “QuickFill” proprietary pharmacy software and robotics to automate prescription dispensing and reduce common service failures that result in bad experiences for customers (insurance errors, out-of-stock, etc.). Oh, and they operate at a fraction of the cost of major retail chains – talk about efficiency! In 2020, the company saw revenue jump 90% YoY and this year they’re on pace to surpass more than $22M in revenue. With their newest telehealth product growing 73% MoM and a share price that has increased by 1,650% since 2016 – this is an investment you don’t want to miss out on. Get in on this rapidly growing startup and learn how you can invest today
7. Elementary Robotics $30.0M
Round: Series B
Description: Elementary Robotics is a robotics startup that built a platform for applying machine learning to the logistics industries. Founded by Arye Barnehama and Bill Gross in 2017, Elementary Robotics has now raised a total of $47.5M in total equity funding and is backed by Tiger Global Management, Fika Ventures, Threshold, OUP (Osage University Partners), and Ubiquity Ventures.
Investors in the round: Fathom Capital, Fika Ventures, Riot Ventures, Threshold, Tiger Global Management, Toyota Ventures
Industry: Artificial Intelligence, Information Technology, Machine Learning, Robotics, Software
Founders: Arye Barnehama, Bill Gross
Founding year: 2017
Total equity funding raised: $47.5M
LA TechWatch’s exclusive coverage of this round: Elementary Raises Another $30M to Automate Quality Assurance for Manufacturing Using Cameras and AI
7. Hive Technologies $30.0M
Round: Venture
Description: Hive Technologies is a renewable energy company that focuses EVs technology. Founded by Boyd Bishop and Mathias Thomsen in 2020, Hive Technologies has now raised a total of $30.0M in total equity funding and is backed by iSun Energy, Los Angeles Cleantech Incubator, and Galway Sustainable Credit.
Investors in the round: Galway Sustainable Credit, iSun Energy, Los Angeles Cleantech Incubator
Industry: Electric Vehicle, Environmental Consulting, Renewable Energy
Founders: Boyd Bishop, Mathias Thomsen
Founding year: 2020
Total equity funding raised: $30.0M
NowRx is disrupting the $480B retail pharmacy industry with unheard of personalized service and free same-day pharmacy delivery. The company uses its “QuickFill” proprietary pharmacy software and robotics to automate prescription dispensing and reduce common service failures that result in bad experiences for customers (insurance errors, out-of-stock, etc.). Oh, and they operate at a fraction of the cost of major retail chains – talk about efficiency! In 2020, the company saw revenue jump 90% YoY and this year they’re on pace to surpass more than $22M in revenue. With their newest telehealth product growing 73% MoM and a share price that has increased by 1,650% since 2016 – this is an investment you don’t want to miss out on. Get in on this rapidly growing startup and learn how you can invest today
6. NXCR $32.8M
Round: Venture
Description: NXCR is a vehicle subscription startup that makes mobility flexible, affordable, and fully digital. Founded by Georg Bauer in 2020, NXCR has now raised a total of $62.8M in total equity funding and is backed by Moonshots Capital, Reid Hoffman, Mark Pincus, Builders and Backers Capital, and Kathleen Hale.
Investors in the round:
Industry: Automotive, Autonomous Vehicles, Subscription Service, Transportation
Founders: Georg Bauer
Founding year: 2020
Total equity funding raised: $62.8M
5. Papaya $50.0M
Round: Series B
Description: Papaya is a developer of an online mobile application and payments technology designed to simplify bill payment for consumers. Founded by Jason Meltzer and Patrick Kann in 2016, Papaya has now raised a total of $65.1M in total equity funding and is backed by Sequoia Capital, F-Prime Capital, First Round Capital, Bessemer Venture Partners, and Acrew Capital.
Investors in the round: 01 Advisors, Acrew Capital, Bessemer Venture Partners, F-Prime Capital, Fika Ventures, Mucker Capital, Sequoia Capital, Sound Ventures
Industry: Banking, Computer, Computer Vision, Financial Services, FinTech, Information Technology, Mobile Payments, Payments
Founders: Jason Meltzer, Patrick Kann
Founding year: 2016
Total equity funding raised: $65.1M
3. 100 Thieves $60.0M
Round: Series C
Description: 100 Thieves is an American e-sports, lifestyle, and apparel brand. Founded by Matthew Haag in 2017, 100 Thieves has now raised a total of $120.0M in total equity funding and is backed by Sequoia Capital, SV Angel, WndrCo, Breyer Capital, and Tao Capital Partners.
Investors in the round: Aglae Ventures, Artist Capital Management, Breyer Capital, Green Bay Ventures, Tao Capital Partners, Willoughby Capital
Industry: eSports, Fashion, Lifestyle, PC Games
Founders: Matthew Haag
Founding year: 2017
Total equity funding raised: $120.0M
NowRx is disrupting the $480B retail pharmacy industry with unheard of personalized service and free same-day pharmacy delivery. The company uses its “QuickFill” proprietary pharmacy software and robotics to automate prescription dispensing and reduce common service failures that result in bad experiences for customers (insurance errors, out-of-stock, etc.). Oh, and they operate at a fraction of the cost of major retail chains – talk about efficiency! In 2020, the company saw revenue jump 90% YoY and this year they’re on pace to surpass more than $22M in revenue. With their newest telehealth product growing 73% MoM and a share price that has increased by 1,650% since 2016 – this is an investment you don’t want to miss out on. Get in on this rapidly growing startup and learn how you can invest today
2. Yumi $67.0M
Round: Series B
Description: Yumi offers a science-based early childhood meal delivery program. Founded by Angela Sutherland and Evelyn Rusli in 2012, Yumi has now raised a total of $79.1M in total equity funding and is backed by Sweetgreen, Uber, Casper, Harry’s, and FJ Labs.
Investors in the round: AF Ventures, Anne Wojcicki, Brand Foundry Ventures, Calvin Broadus, Gabrielle Union, Jazz Venture Partners, Neil Blumenthal, New Enterprise Associates
Industry: Baby, Food and Beverage, Organic Food
Founders: Angela Sutherland, Evelyn Rusli
Founding year: 2012
Total equity funding raised: $79.1M
1. AvantStay $160.0M
Round: Series B
Description: AvantStay is a technology-first hospitality brand for experiential group travel. Founded by Reuben Doetsch and Sean Breuner in 2017, AvantStay has now raised a total of $186.0M in total equity funding and is backed by F-Prime Capital, 3L Capital, Capital One Ventures, Bullpen Capital, and Blue Ivy Ventures.
Investors in the round: 3L Capital, Bullpen Capital, Capital One Ventures, Coller Capital, Convivialite Ventures, Fred Tuomi, GreenHawk Capital, Jay McKee, Jerry Coleman, Paul George, Plus Capital, Saluda Grade, Shawn Mendes, Stephen Pagliuca, Tarsadia Investments
Industry: Hospitality, Tourism, Travel
Founders: Reuben Doetsch, Sean Breuner
Founding year: 2017
Total equity funding raised: $186.0M
NowRx is disrupting the $480B retail pharmacy industry with unheard of personalized service and free same-day pharmacy delivery. The company uses its “QuickFill” proprietary pharmacy software and robotics to automate prescription dispensing and reduce common service failures that result in bad experiences for customers (insurance errors, out-of-stock, etc.). Oh, and they operate at a fraction of the cost of major retail chains – talk about efficiency! In 2020, the company saw revenue jump 90% YoY and this year they’re on pace to surpass more than $22M in revenue. With their newest telehealth product growing 73% MoM and a share price that has increased by 1,650% since 2016 – this is an investment you don’t want to miss out on. Get in on this rapidly growing startup and learn how you can invest today