Armed with some data from our friends at CrunchBase, I broke down the largest LA startup funding rounds during May 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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6. Lifeforce $12.0M
Round: Series A
Description: Lifeforce operates as a clinically intergrated health optimization platform. Founded by Dugal Bain-Kim and Joel Jackson in 2021, Lifeforce has now raised a total of $12.0M in total equity funding and is backed by Scottie Upshall, M13, Peterson Ventures, Tony Robbins, and Rosecliff Ventures.
Investors in the round: M13, Peter Diamandis, Peterson Ventures, Ridgeline Ventures, Rosecliff Ventures, Scottie Upshall, Seaside Ventures, Serena Williams, Tony Robbins
Industry: Fitness, Health Care, Wellness
Founders: Dugal Bain-Kim, Joel Jackson
Founding year: 2021
Total equity funding raised: $12.0M
LA TechWatch’s exclusive coverage of this round: Lifeforce Raises $12M to Help People Live Better and Longer Through a Holistic Approach
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5. Steno $15.0M
Round: Series B
Description: Steno offers court reporting and litigation support services which is all available through a deferred-payment system. Founded by Dan Anderson, Dylan Ruga, and Greg Hong in 2018, Steno has now raised a total of $40.5M in total equity funding and is backed by Le Lane Capital, Alumni Ventures, Bossanova Investimentos, Moving Capital, and First Round Capital.
Investors in the round: Clio Ventures, Le Lane Capital, Left Lane Capital, Moving Capital, Touchdown Ventures
Industry: Document Management, Legal, Legal Tech, Payments
Founders: Dan Anderson, Dylan Ruga, Greg Hong
Founding year: 2018
Total equity funding raised: $40.5M
LA TechWatch’s exclusive coverage of this round: Steno Raises $15M for its Cash Flow Solution for Law Firms Involved in Litigation
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4. Airvet $15.2M
Round: Venture
Description: Airvet is a telehealth platform designed to offer continuity of care between pet parents and veterinarians. Founded by Brandon Werber in 2018, Airvet has now raised a total of $29.2M in total equity funding and is backed by Bracket Capital, Headline, Verissimo Ventures, Hawke Ventures, and Starting Line.
Industry: Health Care, Mobile Apps, Pet, Veterinary, Wellness
Founders: Brandon Werber
Founding year: 2018
Total equity funding raised: $29.2M
Are you raising capital? 43North’s application is now open for a limited time! Apply for $1M in funding, plus access to mentors, investors, connections to customers, and more. At 43North, the funding is only the beginning. Apply to join 43North’s year nine cohort today!
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3. Counterpart $16.0M
Round: Venture
Description: Counterpart is an insurtech startup company that works in the management liability insurance market. Founded by Tanner Hackett in 2019, Counterpart has now raised a total of $56.0M in total equity funding and is backed by Valor Equity Partners, Susa Ventures, Felicis, and Vy Capital.
Industry: Artificial Intelligence, Big Data, FinTech, InsurTech, Software
Founders: Tanner Hackett
Founding year: 2019
Total equity funding raised: $56.0M
Are you raising capital? 43North’s application is now open for a limited time! Apply for $1M in funding, plus access to mentors, investors, connections to customers, and more. At 43North, the funding is only the beginning. Apply to join 43North’s year nine cohort today!
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2. Pixxel $29.5M
Round: Venture
Description: Pixxel is a space data company that develops a constellation of hyperspectral earth imaging satellites. Founded by Awais Ahmed and Kshitij Khandelwal in 2019, Pixxel has now raised a total of $62.5M in total equity funding and is backed by Techstars, Creative Destruction Lab (CDL), Lightspeed Venture Partners, Accenture Ventures, and Sparta Group.
Industry: Aerospace, Geospatial, Information Technology, Satellite Communication
Founders: Awais Ahmed, Kshitij Khandelwal
Founding year: 2019
Total equity funding raised: $62.5M
Are you raising capital? 43North’s application is now open for a limited time! Apply for $1M in funding, plus access to mentors, investors, connections to customers, and more. At 43North, the funding is only the beginning. Apply to join 43North’s year nine cohort today!
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1. BuildOps $50.0M
Round: Venture
Description: BuildOps is an all-in-one software solution for subcontractors driving profitability through best-in-class technology. Founded by Alok Chanani, Neeraj Mittal, and Steve Chew in 2018, BuildOps has now raised a total of $98.8M in total equity funding and is backed by Sequoia Capital, Founders Fund, Global Founders Capital, 1984 Ventures, and StepStone Group.
Investors in the round: 01 Advisors, Fika Ventures
Industry: Commercial Real Estate, Information Technology, Mobile, SaaS, Software
Founders: Alok Chanani, Neeraj Mittal, Steve Chew
Founding year: 2018
Total equity funding raised: $98.8M
Are you raising capital? 43North’s application is now open for a limited time! Apply for $1M in funding, plus access to mentors, investors, connections to customers, and more. At 43North, the funding is only the beginning. Apply to join 43North’s year nine cohort today!
