Armed with some data from our friends at CrunchBase, I broke down the largest LA startup funding rounds during January 2024. 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)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. Sway $19.5M
Round: Series A
Description: Sway is a provider of shipping services that allows returning an online purchase without leaving home. Founded by Eric Wimer and Kristian Zak in 2020, Sway has now raised a total of $24.5M in total equity funding and is backed by Revolution, Everywhere Ventures (The Fund), Graph Ventures, Valia Ventures, and Blackhorn Ventures.
Investors in the round: Amberstone Ventures, Clayton Christopher, Nutrabolt
Industry: E-Commerce, Internet, Logistics, Shipping
Founders: Eric Wimer, Kristian Zak
Founding year: 2020
Total equity funding raised: $24.5M
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)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. Captura $21.5M
Round: Series A
Description: Captura specializes in direct ocean carbon capture, employing technology and leveraging the ocean’s natural carbon removal capabilities. Founded by Chengxiang Xiang and Harry Atwater in 2021, Captura has now raised a total of $33.5M in total equity funding and is backed by Future Planet Capital, Caltech, XPRIZE, Hitachi, and Aramco Ventures.
Investors in the round: Blockchain Capital, Coinbase Ventures, Digital Currency Group, Distributed Global, Figment Capital, Maven 11 Capital, North Island Ventures, Placeholder
Industry: Carbon Capture, Chemical Engineering, CleanTech, Environmental Consulting
Founders: Chengxiang Xiang, Harry Atwater
Founding year: 2021
Total equity funding raised: $33.5M
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)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. Polymer Labs $23.0M
Round: Series A
Description: Polymer Labs is an infrastructure provider focused on IBC protocols. Founded by Bo Du in 2021, Polymer Labs has now raised a total of $26.6M in total equity funding and is backed by Digital Currency Group, LongHash Ventures, Wintermute, Ignite, and Distributed Global.
Investors in the round: Aramco Ventures, EDP Ventures, EIC Rose Rock, Eni Next, Equinor Ventures, Freeflow Ventures, Future Planet Capital, Hitachi Ventures, Maersk Growth, mTerra Ventures
Industry: Blockchain, Cryptocurrency, Web3
Founders: Bo Du
Founding year: 2021
Total equity funding raised: $26.6M
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)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. Bloom Nutrition $90.0M
Round: Venture
Description: Bloom Nutrition specializes in the sales of gym supplements for women. Founded by Mari Llewellyn in 2019, Bloom Nutrition has now raised a total of $90.0M in total equity funding and is backed by Nutrabolt, Amberstone Ventures, and Clayton Christopher.
Investors in the round: 7GC & Co, Blackhorn Ventures, LightShed Ventures, Revolution
Industry: Dietary Supplements, Health Care, Nutrition, Women’s
Founders: Mari Llewellyn
Founding year: 2019
Total equity funding raised: $90.0M
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)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.
