Armed with some data from our friends at CrunchBase, I broke down the largest LA startup funding rounds during February 2021. I have included some additional information as well such as industry and brief funding description, to further the analysis for the state of venture capital in LA. For the purposes of this analysis, only equity funding rounds were considered.
6. BloomNation $11.0M
Round: Series B
Description: BloomNation is an online marketplace designed for the floral retail industry. Founded by David Daneshgar, Farbod Shoraka, and Gregg Weisstein in 2010, BloomNation has now raised a total of $18.2M in total equity funding and is backed by investors that include Andreessen Horowitz, Spark Capital, Mucker Capital, Chicago Ventures, and B. Riley Financial.
Investors in the round: B. Riley Financial
Industry: E-Commerce, Flowers, Marketplace, Retail
Founders: David Daneshgar, Farbod Shoraka, Gregg Weisstein
Founding year: 2010
Total equity funding raised: $18.2M
5. Peatos $12.5M
Round: Series B
Description: Peatos is a Food & Beverages company. Founded by Nick Desai in 2017, Peatos has now raised a total of $19.5M in total equity funding and is backed by investors that include Post Holdings.
Investors in the round: Post Holdings
Industry: Food and Beverage
Founders: Nick Desai
Founding year: 2017
Total equity funding raised: $19.5M
4. NXCR $30.0M
Round: Seed
Description: NXCR makes mobility flexible, affordable, and fully digital. Founded by Scott Painter in 2020, NXCR has now raised a total of $30.0M in total equity funding and is backed by investors that include Moonshots Capital.
Investors in the round: Moonshots Capital
Industry: Autonomous Vehicles
Founders: Scott Painter
Founding year: 2020
Total equity funding raised: $30.0M
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3. Emotive $50.0M
Round: Series B
Description: Emotive is a conversational texting platform for eCommerce brands, enabling two way text message communication at scale. Founded by Brian Zatulove and Zach Wise in 2018, Emotive has now raised a total of $58.2M in total equity funding and is backed by investors that include CRV, Vulcan Capital, Floodgate, TenOneTen Ventures, and Mucker Capital.
Investors in the round: CRV, Mucker Capital, Stripes, TenOneTen Ventures, Vulcan Capital
Industry: B2B, B2C, Marketing Automation, Natural Language Processing, SaaS
Founders: Brian Zatulove, Zach Wise
Founding year: 2018
Total equity funding raised: $58.2M
2. Pex $57.0M
Round: Series A
Description: Pex developed a three-sided marketplace bringing together rightsholders, platforms, and creators to simplify the existing licensing process. Founded by Rasty Turek in 2014, Pex has now raised a total of $64.0M in total equity funding and is backed by investors that include Tencent Holdings, Tencent Music Entertainment, Susa Ventures, Universal Music Group, and Amaranthine.
Investors in the round: Amaranthine, Cue Ball, Illuminate Ventures, NextGen Venture Partners, Susa Ventures, Tencent Holdings, Tencent Music Entertainment
Industry: Digital Entertainment, Legal, Music, Video
Founders: Rasty Turek
Founding year: 2014
Total equity funding raised: $64.0M
1. Savage X Fenty $115.0M
Round: Series B
Description: Savage X Fenty is an accessories company that offers underwear and other fashion clothes for women. Founded by Robyn Rihanna Fenty in 2017, Savage X Fenty has now raised a total of $185.0M in total equity funding and is backed by investors that include TechStyle Fashion Group, L Catterton, ACME Capital, Avenir Growth Capital, and Marcy Venture Partners.
Investors in the round: L Catterton, Marcy Venture Partners, Sunley House Capital Management
Industry: E-Commerce, Fashion, Lingerie, Retail
Founders: Robyn Rihanna Fenty
Founding year: 2017
Total equity funding raised: $185.0M
