Armed with some data from our friends at CrunchBase, I broke down the largest LA startup funding rounds during January 2022. 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.
NowRx is disrupting the $480B retail pharmacy industry with unheard of personalized service and free same-day pharmacy delivery. The company uses its “QuickFill” proprietary pharmacy software and robotics to automate prescription dispensing and reduce common service failures that result in bad experiences for customers (insurance errors, out-of-stock, etc.). Oh, and they operate at a fraction of the cost of major retail chains – talk about efficiency! In 2020, the company saw revenue jump 90% YoY and this year they’re on pace to surpass more than $22M in revenue. With their newest telehealth product growing 73% MoM and a share price that has increased by 1,650% since 2016 – this is an investment you don’t want to miss out on. Get in on this rapidly growing startup and learn how you can invest today
5. Ambercycle $21.6M
Round: Series A
Description: Ambercycle is a material science company building circularity in fashion Founded by Moby Ahmed and Shay Sethi in 2013, Ambercycle has now raised a total of $21.6M in total equity funding and is backed by Temasek Holdings, Zalando, H&M CO:LAB, KIRKBI A/S, and Bestseller’s Invest Fwd.
Investors in the round: Temasek Holdings, Zalando, H&M CO:LAB, KIRKBI A/S, Bestseller’s Invest Fwd
Industry: E-Commerce, Fashion, Textiles
Founders: Moby Ahmed, Shay Sethi
Founding year: 2013
Total equity funding raised: $21.6M
NowRx is disrupting the $480B retail pharmacy industry with unheard of personalized service and free same-day pharmacy delivery. The company uses its “QuickFill” proprietary pharmacy software and robotics to automate prescription dispensing and reduce common service failures that result in bad experiences for customers (insurance errors, out-of-stock, etc.). Oh, and they operate at a fraction of the cost of major retail chains – talk about efficiency! In 2020, the company saw revenue jump 90% YoY and this year they’re on pace to surpass more than $22M in revenue. With their newest telehealth product growing 73% MoM and a share price that has increased by 1,650% since 2016 – this is an investment you don’t want to miss out on. Get in on this rapidly growing startup and learn how you can invest today
4. Fan Controlled Football $40.0M
Round: Series A
Description: Fan Controlled Football is the first fan-run professional sports league. Founded by Patrick Dees, Sohrob Farudi, Ray Austin, and Grant Cohen in 2015, Fan Controlled Football has now raised a total of $55.0M in total equity funding and is backed by Animoca Brands, Alumni Ventures, Delphi Digital, Lightspeed Venture Partners, and Talis Capital.
Investors in the round: Animoca Brands, Delphi Digital, Lightspeed Venture Partners
Industry: Sports
Founders: Patrick Dees, Sohrob Farudi, Ray Austin, Grant Cohen
Founding year: 2015
Total equity funding raised: $55.0M
LA TechWatch’s exclusive coverage of this round: Fan Controlled Football Raises $40M to Transform the Fan Experience Like Never Before
NowRx is disrupting the $480B retail pharmacy industry with unheard of personalized service and free same-day pharmacy delivery. The company uses its “QuickFill” proprietary pharmacy software and robotics to automate prescription dispensing and reduce common service failures that result in bad experiences for customers (insurance errors, out-of-stock, etc.). Oh, and they operate at a fraction of the cost of major retail chains – talk about efficiency! In 2020, the company saw revenue jump 90% YoY and this year they’re on pace to surpass more than $22M in revenue. With their newest telehealth product growing 73% MoM and a share price that has increased by 1,650% since 2016 – this is an investment you don’t want to miss out on. Get in on this rapidly growing startup and learn how you can invest today
3. Parallel Systems $49.6M
Round: Series A
Description: Parallel Systems designs an autonomous, zero-emissions freight transportation system. Founded by Ben Stabler, Brian Ignaut, John Howard, and Matthew Soule in 2020, Parallel Systems has now raised a total of $53.3M in total equity funding and is backed by Congruent Ventures, Riot Ventures, Embark Ventures, and Anthos Capital.
Investors in the round: Anthos Capital, Congruent Ventures, Embark Ventures, Riot Ventures
Industry: Transportation
Founders: Ben Stabler, Brian Ignaut, John Howard, Matthew Soule
Founding year: 2020
Total equity funding raised: $53.3M
NowRx is disrupting the $480B retail pharmacy industry with unheard of personalized service and free same-day pharmacy delivery. The company uses its “QuickFill” proprietary pharmacy software and robotics to automate prescription dispensing and reduce common service failures that result in bad experiences for customers (insurance errors, out-of-stock, etc.). Oh, and they operate at a fraction of the cost of major retail chains – talk about efficiency! In 2020, the company saw revenue jump 90% YoY and this year they’re on pace to surpass more than $22M in revenue. With their newest telehealth product growing 73% MoM and a share price that has increased by 1,650% since 2016 – this is an investment you don’t want to miss out on. Get in on this rapidly growing startup and learn how you can invest today
2. Jaanu $75.0M
Round: Venture
Description: Jaanuu is the most contemporary medical apparel brand in the world. Founded by Shaan Sethi and Neela Sethi Young in 2013, Jaanu has now raised a total of $97.6M in total equity funding and is backed by Eurazeo, BAM Ventures, Rick Marini, M3 Ventures, and Brian Lee.
Investors in the round: Eurazeo
Industry: E-Commerce, Fashion, Healthcare
Founders: Shaan Sethi, Neela Sethi Young
Founding year: 2013
Total equity funding raised: $97.6M
LA TechWatch’s exclusive coverage of this round: Jaanuu Raises $75M for its Medical Apparel Brand That’s Modernized Scrubs
NowRx is disrupting the $480B retail pharmacy industry with unheard of personalized service and free same-day pharmacy delivery. The company uses its “QuickFill” proprietary pharmacy software and robotics to automate prescription dispensing and reduce common service failures that result in bad experiences for customers (insurance errors, out-of-stock, etc.). Oh, and they operate at a fraction of the cost of major retail chains – talk about efficiency! In 2020, the company saw revenue jump 90% YoY and this year they’re on pace to surpass more than $22M in revenue. With their newest telehealth product growing 73% MoM and a share price that has increased by 1,650% since 2016 – this is an investment you don’t want to miss out on. Get in on this rapidly growing startup and learn how you can invest today
2. Liquid Death $75.0M
Round: Series C
Description: Liquid Death is a non-alcoholic beverage brand that is focused on health and sustainability. Founded by Jon-Ryan Riggins and Mike Cessario in 2017, Liquid Death has now raised a total of $123.6M in total equity funding and is backed by Science, Live Nation Entertainment, Moving Capital, PowerPlant Partners, and Velvet Sea Ventures.
Investors in the round: Access Capital, Live Nation Entertainment, Nomad Venture Fund, PowerPlant Partners, Science
Industry: Food and Beverage, Product Design
Founders: Jon-Ryan Riggins, Mike Cessario
Founding year: 2017
Total equity funding raised: $123.6M
NowRx is disrupting the $480B retail pharmacy industry with unheard of personalized service and free same-day pharmacy delivery. The company uses its “QuickFill” proprietary pharmacy software and robotics to automate prescription dispensing and reduce common service failures that result in bad experiences for customers (insurance errors, out-of-stock, etc.). Oh, and they operate at a fraction of the cost of major retail chains – talk about efficiency! In 2020, the company saw revenue jump 90% YoY and this year they’re on pace to surpass more than $22M in revenue. With their newest telehealth product growing 73% MoM and a share price that has increased by 1,650% since 2016 – this is an investment you don’t want to miss out on. Get in on this rapidly growing startup and learn how you can invest today
1. iTrustCapital $125.0M
Round: Series A
Description: iTrustCapital is a digital asset investment platform to buy and sell Cryptocurrencies and Physical Gold real-time. Founded by Mo St and Todd Southwick in 2018, iTrustCapital has now raised a total of $128.0M in total equity funding and is backed by LedgerPrime, Left Lane Capital, and John Vojtech.
Investors in the round: Left Lane Capital
Industry: Cryptocurrency, Financial Services, FinTech, Trading Platform
Founders: Mo St, Todd Southwick
Founding year: 2018
Total equity funding raised: $128.0M
NowRx is disrupting the $480B retail pharmacy industry with unheard of personalized service and free same-day pharmacy delivery. The company uses its “QuickFill” proprietary pharmacy software and robotics to automate prescription dispensing and reduce common service failures that result in bad experiences for customers (insurance errors, out-of-stock, etc.). Oh, and they operate at a fraction of the cost of major retail chains – talk about efficiency! In 2020, the company saw revenue jump 90% YoY and this year they’re on pace to surpass more than $22M in revenue. With their newest telehealth product growing 73% MoM and a share price that has increased by 1,650% since 2016 – this is an investment you don’t want to miss out on. Get in on this rapidly growing startup and learn how you can invest today
1. Savage X Fenty $125.0M
Round: Series C
Description: Savage X Fenty is a lingerie brand 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 $310.0M in total equity funding and is backed by Neuberger Berman Group, Advent International, TechStyle Fashion Group, L Catterton, and LionTree.
Investors in the round: Abu Dhabi Growth Fund, Advent International, Avenir Growth Capital, L Catterton, LionTree, Marcy Venture Partners, Multiply Group, Neuberger Berman Group, Sunley House Capital Management
Industry: E-Commerce, Fashion, Lingerie, Women’s
Founders: Robyn Rihanna Fenty
Founding year: 2017
Total equity funding raised: $310.0M
NowRx is disrupting the $480B retail pharmacy industry with unheard of personalized service and free same-day pharmacy delivery. The company uses its “QuickFill” proprietary pharmacy software and robotics to automate prescription dispensing and reduce common service failures that result in bad experiences for customers (insurance errors, out-of-stock, etc.). Oh, and they operate at a fraction of the cost of major retail chains – talk about efficiency! In 2020, the company saw revenue jump 90% YoY and this year they’re on pace to surpass more than $22M in revenue. With their newest telehealth product growing 73% MoM and a share price that has increased by 1,650% since 2016 – this is an investment you don’t want to miss out on. Get in on this rapidly growing startup and learn how you can invest today
