Armed with some data from our friends at CrunchBase, I broke down the largest LA startup funding rounds for Q1 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.
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12. 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
Month of funding: February
Industry: Automotive, Autonomous Vehicles, Subscription Service, Transportation
Founders: Georg Bauer
Founding year: 2020
Total equity funding raised: $30.0M
11. Flowspace $31.0M
Round: Series B
Description: Flowspace offers an on-demand warehousing and fulfillment network. Founded by Ben Eachus and Jason Harbert in 2017, Flowspace has now raised a total of $46.5M in total equity funding and is backed by investors that include BuildGroup, Y Combinator, Canvas Ventures, 1984 Ventures, and Moment Ventures.
Investors in the round: 1984 Ventures, BuildGroup, Canvas Ventures, eGateway Capital, Industrious Ventures, Moment Ventures, Y Combinator
Month of funding: March
Industry: Logistics, Supply Chain Management, Warehousing
Founders: Ben Eachus, Jason Harbert
Founding year: 2017
Total equity funding raised: $46.5M
10. Theorycraft Games $37.5M
Round: Series A
Description: Theorycraft Games operates as an independent game studio. Founded by Areeb Pirani and Michael Evans in 2020, Theorycraft Games has now raised a total of $37.5M in total equity funding and is backed by investors that include New Enterprise Associates, NetEase, Griffin Gaming Partners, BITKRAFT Ventures, and Sisu Game Ventures.
Investors in the round: BITKRAFT Ventures, Griffin Gaming Partners, NetEase, New Enterprise Associates, Sisu Game Ventures
Month of funding: March
Industry: Gamification, Gaming, Media and Entertainment, Video Games
Founders: Areeb Pirani, Michael Evans
Founding year: 2020
Total equity funding raised: $37.5M
9. NuORDER $45.0M
Round: Series D
Description: NuORDER is a cloud and mobile B2B eCommerce platform empowering brands and retailers to streamline their business operations. Founded by Heath Wells and Olivia Skuza in 2011, NuORDER has now raised a total of $81.9M in total equity funding and is backed by investors that include BoxGroup, NewSpring, Greycroft, Cowboy Ventures, and Upfront Ventures.
Investors in the round: Brighton Park Capital, Imaginary Ventures
Month of funding: March
Industry: B2B, E-Commerce, Wholesale
Founders: Heath Wells, Olivia Skuza
Founding year: 2011
Total equity funding raised: $81.9M
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8. 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
Month of funding: February
Industry: B2B, B2C, Marketing Automation, Natural Language Processing, SaaS
Founders: Brian Zatulove, Zach Wise
Founding year: 2018
Total equity funding raised: $58.2M
7. 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
Month of funding: February
Industry: Digital Entertainment, Legal, Music, Video
Founders: Rasty Turek
Founding year: 2014
Total equity funding raised: $64.0M
6. Rockley Photonics $65.0M
Round: Venture
Description: Rockley Photonics manufactures photonics chips and custom integrated packaged products. Founded by Andrew Rickman in 2013, Rockley Photonics has now raised a total of $207.0M in total equity funding and is backed by investors that include Ahren Innovation Capital, Kreos Capital, Applied Ventures, Perscitus LLP, and Morningside Venture Investments.
Investors in the round: Morningside Venture Investments
Month of funding: January
Industry: Consumer Electronics, Electronics, Manufacturing, Semiconductor
Founders: Andrew Rickman
Founding year: 2013
Total equity funding raised: $207.0M
5. Albert $100.0M
Round: Series C
Description: Albert is a financial technology company aiming to democratize money management by making financial advice accessible and affordable. Founded by Andrzej Baraniak and Yinon Ravid in 2015, Albert has now raised a total of $172.9M in total equity funding and is backed by investors that include General Atlantic, 500 Startups, Bessemer Venture Partners, QED Investors, and AltaIR Capital.
Investors in the round: CapitalG, General Atlantic, Portag3 Ventures, QED Investors
Month of funding: January
Industry: Apps, Consulting, Finance, Financial Services, FinTech
Founders: Andrzej Baraniak, Yinon Ravid
Founding year: 2015
Total equity funding raised: $172.9M
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4. 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
Month of funding: February
Industry: E-Commerce, Fashion, Lingerie, Retail, Women’s
Founders: Robyn Rihanna Fenty
Founding year: 2017
Total equity funding raised: $185.0M
3. Sidecar Health $125.0M
Round: Series C
Description: Sidecar Health is an insurtech company that provides a personalized health insurance platform. Founded by Patrick Quigley and Veronica Osetinsky in 2018, Sidecar Health has now raised a total of $163.0M in total equity funding and is backed by investors that include Menlo Ventures, Tiger Global Management, Cathay Innovation, Alpha Edison, and Drive Capital.
Investors in the round: Alpha Edison, Bond, Cathay Innovation, Drive Capital, GreatPoint Ventures, Menlo Ventures, Tiger Global Management
Month of funding: January
Industry: Health Care, Health Insurance, Insurance, InsurTech
Founders: Patrick Quigley, Veronica Osetinsky
Founding year: 2018
Total equity funding raised: $163.0M
2. ABL Space Systems $170.0M
Round: Series B
Description: ABL Space Systems builds rockets to launch small satellites. Founded by Harry O’Hanley in 2017, ABL Space Systems has now raised a total of $219.0M in total equity funding and is backed by investors that include T. Rowe Price, Fidelity Management and Research Company, JAM Fund, Justin Mateen, and Lockheed Martin.
Investors in the round: Fidelity Management and Research Company, T. Rowe Price
Month of funding: March
Industry: Aerospace, Information Technology, Satellite Communication
Founders: Harry O’Hanley
Founding year: 2017
Total equity funding raised: $268.0M
1. Orca Security $210.0M
Round: Series C
Description: Orca Security provides instant-on, workload-level security for AWS, Microsoft Azure, and Google Cloud Platform. Founded by Avi Shua, Ety Spiegel Hubara, Gil Geron, Hadas Amitay, Liran Antebi, Matan Ben-Gur, Shay Filosof, and Wagde Zabit in 2019, Orca Security has now raised a total of $292.0M in total equity funding and is backed by investors that include GGV Capital, Redpoint, CapitalG, YL Ventures, and ICONIQ Capital.
Investors in the round: CapitalG, GGV Capital, ICONIQ Growth, Redpoint, Silicon Valley CISO Investments
Month of funding: March
Industry: Cloud Security, Cyber Security, Information Technology
Founders: Avi Shua, Ety Spiegel Hubara, Gil Geron, Hadas Amitay, Liran Antebi, Matan Ben-Gur, Shay Filosof, Wagde Zabit
Founding year: 2019
Total equity funding raised: $292.0M
