Armed with some data from our friends at CrunchBase, I broke down the largest LA startup funding rounds during September 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.
2478 Everyday Investors Shared $1,123,615 Net Profit on a Monet
Now you might be thinking: “what the heck are you talking about?” But keep reading, because this investment platform’s users are already smiling all the way to the bank. Thanks to Masterworks, the award-winning platform for investing in blue-chip art.
Every single one of Masterworks’ 15 sales has returned a profit to investors, for a 100% positive net return track record. With 3 recent sales, Masterworks investors realized net annualized returns of 17.6%, 21.5% and 35%.
How does it work? Simple, Masterworks does all of the heavy lifting like finding the painting, buying it, storing it, and eventually selling it. It files each offering with the SEC so that nearly anyone can invest in highly coveted artworks for just a fraction of the price of the entire piece.
Shares of every offering are limited, but AlleyWatch readers can skip the waitlist to join with this exclusive link.
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See important disclosures at masterworks.com/cd
6. jiritsu.network $10.2M
Round: Series A
Description: Jiritsu is a decentralized protocol enabling verifiable compute. Founded by Asher Gottesman, Jacob Guedalia, David Guedalia in 2021, jiritsu.network has now raised a total of $10.2M in total equity funding and is backed by Shima Capital, Susquehanna Growth Equity, gumi Cryptos Capital (gCC), KittyHawk Ventures, and Comma3 Ventures.
Investors in the round: Comma3 Ventures, Eterna Capital, Evernew Capital, gumi Cryptos Capital (gCC), Kestrel Management, LLLP, Polymorphic Capital, Republic capital, Serafund, Shima Capital, Susquehanna Growth Equity, tokentus investment AG
Industry:
Founders: Asher Gottesman, Jacob Guedalia, David Guedalia
Founding year: 2021
Total equity funding raised: $10.2M
5. Needed $14.6M
Round: Venture
Description: Needed is a pregnancy nutrition and education company that supports optimal nourishment before, during, and after pregnancy. Founded by Julie Sawaya and Ryan Woodbury in 2017, Needed has now raised a total of $24.8M in total equity funding and is backed by Centre Street Partners, Peterson Partners, Seae Ventures, Crescent Ridge Partners Ventures, and Sekhmet Ventures.
Industry: Fitness, Health Care, Nutrition, Wellness
Founders: Julie Sawaya, Ryan Woodbury
Founding year: 2017
Total equity funding raised: $24.8M
4. EVOLECTRIC INCORPORATED $15.0M
Round: Venture
Description: Evolectric is an electrified transportation and battery technology company. Founded by Bill Beverly and Jakson Alvarez in 2019, EVOLECTRIC INCORPORATED has now raised a total of $15.0M in total equity funding and is backed by Los Angeles Cleantech Incubator, Sunstone Management, and Seismic Capital.
Investors in the round: Seismic Capital
Founders: Bill Beverly, Jakson Alvarez
Founding year: 2019
Total equity funding raised: $15.0M
3. Kinderfarms $20.0M
Round: Venture
Description: Kinderfarms is a producer of natural wellness products. Founded by Jeremy Adams and Jessica Biel in 2018, Kinderfarms has now raised a total of $20.0M in total equity funding and is backed by Evolution VC Partners.
Industry: Consumer Goods, Fitness, Health Care, Wellness
Founders: Jeremy Adams, Jessica Biel
Founding year: 2018
Total equity funding raised: $20.0M
2478 Everyday Investors Shared $1,123,615 Net Profit on a Monet
Now you might be thinking: “what the heck are you talking about?” But keep reading, because this investment platform’s users are already smiling all the way to the bank. Thanks to Masterworks, the award-winning platform for investing in blue-chip art.
Every single one of Masterworks’ 15 sales has returned a profit to investors, for a 100% positive net return track record. With 3 recent sales, Masterworks investors realized net annualized returns of 17.6%, 21.5% and 35%.
How does it work? Simple, Masterworks does all of the heavy lifting like finding the painting, buying it, storing it, and eventually selling it. It files each offering with the SEC so that nearly anyone can invest in highly coveted artworks for just a fraction of the price of the entire piece.
Shares of every offering are limited, but AlleyWatch readers can skip the waitlist to join with this exclusive link.
LEARN MORE
See important disclosures at masterworks.com/cd
2. League One Volleyball $35.0M
Round: Series B
Description: League One Volleyball is a first-of-its-kind community re-imagining the future of volleyball. Founded by Katlyn Gao, Kevin Wong, and Peter Hirschmann in 2020, League One Volleyball has now raised a total of $57.1M in total equity funding and is backed by Lailaa Williams, Jordyn Poulter, Ares Management, Left Lane Capital, and Kevin Durant.
Investors in the round: Amy Griffin, Amy Schumer, Ares Management, Boardroom, Candace Parker, Chelsea Handler, Jayson Christopher Tatum, Jordyn Poulter, Kevin Durant, Lailaa Williams, Left Lane Capital, Linda Pizzuti Henry, Lindsey Vonn
Industry: Sports
Founders: Katlyn Gao, Kevin Wong, Peter Hirschmann
Founding year: 2020
Total equity funding raised: $57.1M
1. Arc Boats $70.0M
Round: Series B
Description: Arc Boats is an electric boat manufacturer offering a seamlessly connected boating experience. Founded by Mitchell Lee in 2021, Arc Boats has now raised a total of $100.0M in total equity funding and is backed by Andreessen Horowitz, Eclipse Ventures, Lowercarbon Capital, Abstract Ventures, and Kevin Durant.
Investors in the round: Abstract Ventures, Andreessen Horowitz, Eclipse Ventures, Lowercarbon Capital, Menlo Ventures
Industry: Boating, Industrial, Manufacturing
Founders: Mitchell Lee
Founding year: 2021
Total equity funding raised: $100.0M
2478 Everyday Investors Shared $1,123,615 Net Profit on a Monet
Now you might be thinking: “what the heck are you talking about?” But keep reading, because this investment platform’s users are already smiling all the way to the bank. Thanks to Masterworks, the award-winning platform for investing in blue-chip art.
Every single one of Masterworks’ 15 sales has returned a profit to investors, for a 100% positive net return track record. With 3 recent sales, Masterworks investors realized net annualized returns of 17.6%, 21.5% and 35%.
How does it work? Simple, Masterworks does all of the heavy lifting like finding the painting, buying it, storing it, and eventually selling it. It files each offering with the SEC so that nearly anyone can invest in highly coveted artworks for just a fraction of the price of the entire piece.
Shares of every offering are limited, but AlleyWatch readers can skip the waitlist to join with this exclusive link.
