Armed with some data from our friends at CrunchBase, I broke down the largest LA startup funding rounds during November 2022. I have included some additional information as well such as industry and brief funding description, to further the analysis of the state of venture capital in LA. For the purposes of this analysis, only equity funding rounds were considered.
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (LA Tech, NYC Tech, London Tech, Paris Tech, Boston Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key influencers in the Los Angeles business community and beyond. Find out how to run a digital campaign that will return your investment here.
4. GoFreight $23.0M
Round: Series A
Description: GoFreight is a web-based freight management SaaS for international freight forwarders. Founded by Bruce Lee, Chen Weiyu, Falldog Hsieh, and Trenton Chen in 2017, GoFreight has now raised a total of $30.1M in total equity funding and is backed by Palm Drive Capital, Headline, Flex Capital, Mucker Capital, and LFX Venture Partners.
Investors in the round: Cornerstone Ventures, Flex Capital, Headline, LFX Venture Partners, Mucker Capital, Palm Drive Capital, Red Building Capital
Industry: SaaS
Founders: Bruce Lee, Chen Weiyu, Falldog Hsieh, Trenton Chen
Founding year: 2017
Total equity funding raised: $30.1M
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (LA Tech, NYC Tech, London Tech, Paris Tech, Boston Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key influencers in the Los Angeles business community and beyond. Find out how to run a digital campaign that will return your investment here.
3. Xeal $40.0M
Round: Series B
Description: Xeal provides EV charging solutions for apartments, condos, and workplaces. Founded by Alexander Isaacson and Nikhil Bharadwaj in 2019, Xeal has now raised a total of $51.0M in total equity funding and is backed by Bridge Bank, Moderne Ventures, ArcTern Ventures, WIND Ventures, and Alpaca VC.
Investors in the round: Alpaca VC, ArcTern Ventures, Keyframe Capital Partners, Moderne Ventures, Nexus Lab, Ramez Naam, WIND Ventures
Industry: Automotive, Electric Vehicle, Renewable Energy
Founders: Alexander Isaacson, Nikhil Bharadwaj
Founding year: 2019
Total equity funding raised: $51.0M
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (LA Tech, NYC Tech, London Tech, Paris Tech, Boston Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key influencers in the Los Angeles business community and beyond. Find out how to run a digital campaign that will return your investment here.
2. Bionaut Labs $43.2M
Round: Series B
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 $63.2M in total equity funding and is backed by OurCrowd, Gaingels, Compound, Upfront Ventures, and Bold Capital Partners.
Investors in the round: Bold Capital Partners, Compound, Deep Insight, Dolby Family Ventures, Flucas Ventures, Gaingels, GISEV Family Office, Khosla Ventures, OurCrowd, Public Safety Personnel Retirement System, Revolution, Sixty Degree Capital, Tintah Grace, Upfront Ventures, What If Ventures
Industry: Biopharma, Biotechnology, Health Care, Therapeutics
Founders: Aviad Maizels, Michael Shpigelmacher
Founding year: 2016
Total equity funding raised: $63.2M
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (LA Tech, NYC Tech, London Tech, Paris Tech, Boston Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key influencers in the Los Angeles business community and beyond. Find out how to run a digital campaign that will return your investment here.
1. Swell Energy $120.0M
Round: Series B
Description: Swell Energy is a home energy company that provides smart grid and energy management solutions for homeowners and businesses. Founded by Andrew Meyer, Matthew Rising, and Suleman Khan in 2014, Swell Energy has now raised a total of $582.0M in total equity funding and is backed by Ares Management, SoftBank Vision Fund, Third Sphere, For Good Ventures, and Ontario Power Generation.
Investors in the round: Ares Management, Greenbacker Group, Ontario Power Generation, SoftBank Vision Fund
Industry: Energy, Energy Management, Renewable Energy, Semiconductor, Smart Home
Founders: Andrew Meyer, Matthew Rising, Suleman Khan
Founding year: 2014
Total equity funding raised: $582.0M
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (LA Tech, NYC Tech, London Tech, Paris Tech, Boston Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key influencers in the Los Angeles business community and beyond. Find out how to run a digital campaign that will return your investment here.
