Armed with some data from our friends at CrunchBase, I broke down the largest LA startup funding rounds during Q4 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.
8. VUZ $20.0M
Round: Series B
Description: VUZ is a social app that allows users to stream and experience XR and the Metaverse. Founded by Khaled Zaatarah in 2017, VUZ has now raised a total of $30.8M in total equity funding and is backed by 500 Global, Plug and Play, Knollwood Investment Advisory, Vision Ventures, and Caruso Ventures.
Investors in the round: Caruso Ventures, Dubai Future District Fund, e& capital, Elbert Capital Management, Faith Capital, Panthera Capital Ventures, Saudi Research and Marketing Group, Vision Ventures, Webit Investment Network, Yasta Partners
Industry: Augmented Reality, Media and Entertainment, Mobile Apps, Social Media, Virtual Reality
Founders: Khaled Zaatarah
Founding year: 2017
Total equity funding raised: $30.8M
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.
7. 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 Red Building Capital.
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.
6. Northstar $24.4M
Round: Venture
Description: Northstar is a financial wellness benefit that makes it easy for companies to offer personalized financial advice about comp and benefits. Founded by Matt Matteson and William Peng in 2016, Northstar has now raised a total of $40.4M in total equity funding and is backed by M13, Workday, PayPal Ventures, GGV Capital, and Scott Belsky.
Investors in the round: Canvas Ventures, Designer Fund, Foundation Capital, GGV Capital, M13, Parade Ventures, PayPal Ventures, RRE Ventures, Thomson Reuters Ventures, Workday Ventures
Industry: Employee Benefits, Financial Services, FinTech, Human Resources
Founders: Matt Matteson, William Peng
Founding year: 2016
Total equity funding raised: $40.4M
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.
5. Eyenuk $26.0M
Round: Series A
Description: Eyenuk is a medtech company that develops an artificial intelligence screening tool for risk assessment and disease surveillance. Founded by Kaushal Solanki in 2010, Eyenuk has now raised a total of $38.5M in total equity funding and is backed by AXA Investment Managers, KOFA Healthcare Investments, Global Health Investment Fund (GHIF), T&W Medical, and Kendall Capital Partners.
Investors in the round: A&C Foelsgaard Alternativer ApS, AXA Investment Managers, Kendall Capital Partners, KOFA Healthcare Investments, T&W Medical
Industry: Artificial Intelligence, Diabetes, Health Care, Health Diagnostics, Medical Device
Founders: Kaushal Solanki
Founding year: 2010
Total equity funding raised: $38.5M
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. Loop $40.0M
Round: Series A
Description: Loop makes it easy for property owners and operators to offer the value-add amenity of controlled access EV charging to their tenants Founded by Dustin Cavanaugh in 2019, Loop has now raised a total of $40.0M in total equity funding and is backed by B. Riley Financial, Fifth Wall, Keystone National Group, and Agility Ventures.
Investors in the round: Agility Ventures, B. Riley Financial, Fifth Wall
Industry: Electric Vehicle, Information Technology, Renewable Energy, Software
Founders: Dustin Cavanaugh
Founding year: 2019
Total equity funding raised: $40.0M
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.
4. AllGear Digital $40.0M
Round: Venture
Description: AllGear Digital is to teach, entertain, and inform readers about the passions, products, and people who improve their life. Founded by Eric Phung in 2018, AllGear Digital has now raised a total of $40.0M in total equity funding and is backed by Bardin Hill.
Investors in the round: Bardin Hill
Industry: Marketing, Media and Entertainment, News
Founders: Eric Phung
Founding year: 2018
Total equity funding raised: $40.0M
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.
3. 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
LA TechWatch’s exclusive coverage of this round: Bionaut Labs Raises $43.2M to Use Microrobots the Size of a Grain of Rice to Treat Central Nervous System Disorders with Precision
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. SprintRay $100.0M
Round: Series D
Description: SprintRay is a 3D printer manufacturer that focuses on digital dentistry. Founded by Amir Mansouri, Erich Kreidler, Hossein Bassir, and Jing Zhang in 2014, SprintRay has now raised a total of $100.0M in total equity funding and is backed by SoftBank Vision Fund, ZWC Partners, CD Capital, Marathon Venture Partners, and Yiheng Capital.
Investors in the round: CD Capital, Marathon Venture Partners, SoftBank Vision Fund, Yiheng Capital, ZWC Partners
Industry: 3D Printing, Dental, Health Care, Medical Device
Founders: Amir Mansouri, Erich Kreidler, Hossein Bassir, Jing Zhang
Founding year: 2014
Total equity funding raised: $100.0M
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.
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, Third Sphere, SoftBank Vision Fund, Greenbacker Group, 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.
