Armed with some data from our friends at CrunchBase, I broke down the largest LA startup funding rounds during March 2023. 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.
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5. Wellth $20.0M
Round: Series B
Description: Wellth motivates medication adherence using Behavioral Economics Founded by Alec Zopf and Matthew Loper in 2014, Wellth has now raised a total of $39.1M in total equity funding and is backed by Portfolia, Beyond Capital, AltaIR Capital, I2BF Global Ventures, and Healthbox.
Investors in the round: Beyond Capital, CD-Venture, Frank Williams, Partnership Fund for New York City, SignalFire, The Social Entrepreneurs Fund (TSEF), Yabeo Capital
Industry: Health Care, Information Technology, mHealth, Personal Health
Founders: Alec Zopf, Matthew Loper
Founding year: 2014
Total equity funding raised: $39.1M
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.
5. SpectrumAi $20.0M
Round: Series A
Description: SpectrumAi is modernizing and democratizing access to high-quality autism treatment. Founded by Chris Storer and Ling Shao in 2021, SpectrumAi has now raised a total of $29.0M in total equity funding and is backed by F-Prime Capital, CVS Health, Difference Partners, Frist Cressey Ventures, and Cobalt Ventures.
Investors in the round: Autism Impact Fund, Cobalt Ventures, CVS Health, Difference Partners, F-Prime Capital, Frist Cressey Ventures
Industry: Fitness, Health Care, Therapeutics
Founders: Chris Storer, Ling Shao
Founding year: 2021
Total equity funding raised: $29.0M
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. Jump $30.0M
Round: Series A
Description: Jump is a technology enterprise software platform. Founded by Marc Lore, Alex Rodriguez, and Jordan Leiser in 2020, Jump has now raised a total of $30.0M in total equity funding and is backed by Courtside Ventures, Will Ventures, Mastry, MetaLab, and Forerunner Ventures.
Investors in the round: Courtside Ventures, Drive by DraftKings, Forerunner Ventures, Mastry, MetaLab, Will Ventures
Industry: Customer Service, Information Services, Software
Founders: Marc Lore, Alex Rodriguez, Jordan Leiser
Founding year: 2020
Total equity funding raised: $30.0M
LA TechWatch’s exclusive coverage of this round: </strongJump Raises $20M to Reinvision the Fan and Ticketing Experience for Sporting Events
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. The Believer Company $55.0M
Round: Series A
Description: The Believer Company is a game development studio dedicated to putting the player at the center of their games. Founded by Michael Chow, Shankar Gupta-Harrison, and Steven Snow in 2022, The Believer Company has now raised a total of $55.0M in total equity funding and is backed by Riot Games, Andreessen Horowitz, BITKRAFT Ventures, 1Up Ventures, and Lightspeed Venture Partners.
Investors in the round: 1Up Ventures, Andreessen Horowitz, BITKRAFT Ventures, Cleveland Avenue, Lightspeed Venture Partners, Riot Games, The Tornante Company
Industry: Gaming, Information Technology, Online Games, Software
Founders: Michael Chow, Shankar Gupta-Harrison, Steven Snow
Founding year: 2022
Total equity funding raised: $55.0M
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. Rain $66.0M
Round: Series A
Description: Rain offers early wage access and financial wellness benefit for mid-market to enterprise employers. Founded by Alex Bradford and Jennifer Terrell in 2019, Rain has now raised a total of $78.6M in total equity funding and is backed by Tribe Capital, Vijay Shankar, QED Investors, Picus Capital, and VentureSouq.
Investors in the round: Dreamers VC, Invus Opportunities, QED Investors, Tribe Capital, WndrCo
Industry: Employee Benefits, Financial Services, FinTech, Payments
Founders: Alex Bradford, Jennifer Terrell
Founding year: 2019
Total equity funding raised: $78.6M
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. Chaos $70.0M
Round: Series A
Description: Chaos Industries is a technology company that is building the next generation of defense and critical industry technologies. Founded by Bo Marr, Brett Cummings, Gavin Hood, and John Tenet in 2022, Chaos has now raised a total of $70.0M in total equity funding and is backed by 8VC, Alpha Wave Global, Liquid 2 Ventures, Lerner Enterprises, and Tamarack Global.
Investors in the round: 8VC, Alpha Wave Global, Lerner Enterprises, Liquid 2 Ventures, Tamarack Global, Valar Ventures
Industry: Aerospace, Artificial Intelligence, Government, Military, Security
Founders: Bo Marr, Brett Cummings, Gavin Hood, John Tenet
Founding year: 2022
Total equity funding raised: $70.0M
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.
