Armed with some data from our friends at CrunchBase, I broke down the largest LA startup funding rounds during May 2022. 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.
MarketplaceLIVE is evolving and expanding this year into a hybrid format across several days. Over the three days, you’ll be able to engage in global stories, speed network with industry peers, join our first-ever technical user conference, and end with our thought leadership event taking place both virtually and in-person from The Glasshouse in NYC. MarketplaceLIVE is the place where the complete community of cloud and digital stakeholders can come together to learn, cross-pollinate ideas, and network If you’re unable to join us in person, we have you covered with an interactive virtual experience.
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5. FinditParts $30.0M
Round: Series A
Description: FinditParts is an online marketplace of heavy duty, medium duty, and light duty truck parts. Founded by David Seewack in 2010, FinditParts has now raised a total of $30.0M in total equity funding and is backed by Crestline.
Investors in the round: Crestline
Industry: Automotive, E-Commerce, Marketplace
Founders: David Seewack
Founding year: 2010
Total equity funding raised: $30.0M
MarketplaceLIVE is evolving and expanding this year into a hybrid format across several days. Over the three days, you’ll be able to engage in global stories, speed network with industry peers, join our first-ever technical user conference, and end with our thought leadership event taking place both virtually and in-person from The Glasshouse in NYC. MarketplaceLIVE is the place where the complete community of cloud and digital stakeholders can come together to learn, cross-pollinate ideas, and network If you’re unable to join us in person, we have you covered with an interactive virtual experience.
REGISTER NOW
****The first 10 to register for in-person will receive complimentary registration (valued at $499), use discount code: ALLEYWATCH***
4. Rael $35.0M
Round: Series B
Description: Rael makes natural and organic period products that don’t sacrifice comfort or performance. Founded by Aness An, Binna Won, and Yanghee Paik in 2017, Rael has now raised a total of $55.3M in total equity funding and is backed by Thrive Market, Strong Ventures, Softbank Ventures Asia, Mirae Asset Venture Investment, and Unilever Ventures.
Investors in the round: Aarden Partners, Colopl Next, Mirae Asset Venture Investment, Signite Partners, ST Capital, Unilever Ventures
Industry: Beauty, Health Care, Wellness
Founders: Aness An, Binna Won, Yanghee Paik
Founding year: 2017
Total equity funding raised: $55.3M
MarketplaceLIVE is evolving and expanding this year into a hybrid format across several days. Over the three days, you’ll be able to engage in global stories, speed network with industry peers, join our first-ever technical user conference, and end with our thought leadership event taking place both virtually and in-person from The Glasshouse in NYC. MarketplaceLIVE is the place where the complete community of cloud and digital stakeholders can come together to learn, cross-pollinate ideas, and network If you’re unable to join us in person, we have you covered with an interactive virtual experience.
REGISTER NOW
****The first 10 to register for in-person will receive complimentary registration (valued at $499), use discount code: ALLEYWATCH***
4. AXiomatic $35.0M
Round: Venture
Description: AXiomatic powers unforgettable eSports experiences through sports and entertainment expertise. Founded by Bruce Karsh, Bruce Stein, Peter Guber, and Ted Leonsis in 2015, AXiomatic has now raised a total of $82.5M in total equity funding and is backed by Ares Management, LionTree, Revolution Growth, Disney Accelerator, and Hiro Capital.
Investors in the round: Ares Management, Hiro Capital, Revolution Growth
Industry: eSports, Gaming, Sports, Video
Founders: Bruce Karsh, Bruce Stein, Peter Guber, Ted Leonsis
Founding year: 2015
Total equity funding raised: $82.5M
MarketplaceLIVE is evolving and expanding this year into a hybrid format across several days. Over the three days, you’ll be able to engage in global stories, speed network with industry peers, join our first-ever technical user conference, and end with our thought leadership event taking place both virtually and in-person from The Glasshouse in NYC. MarketplaceLIVE is the place where the complete community of cloud and digital stakeholders can come together to learn, cross-pollinate ideas, and network If you’re unable to join us in person, we have you covered with an interactive virtual experience.
REGISTER NOW
****The first 10 to register for in-person will receive complimentary registration (valued at $499), use discount code: ALLEYWATCH***
3. Jadu $36.0M
Round: Series A
Description: Jadu is a mobile app that allows fans to perform alongside holograms of their favorite musicians and performers. Founded by Asad J Malik in 2019, Jadu has now raised a total of $43.0M in total equity funding and is backed by General Catalyst, Coinbase Ventures, The Venture Reality Fund/VRF, LionTree, and LG Technology Ventures.
Investors in the round: Bain Capital Crypto, Cozomo De’Medici, LG Technology Ventures, Permit Ventures, The Venture Reality Fund/VRF
Industry: Apps, Augmented Reality, Mobile Apps
Founders: Asad J Malik
Founding year: 2019
Total equity funding raised: $43.0M
MarketplaceLIVE is evolving and expanding this year into a hybrid format across several days. Over the three days, you’ll be able to engage in global stories, speed network with industry peers, join our first-ever technical user conference, and end with our thought leadership event taking place both virtually and in-person from The Glasshouse in NYC. MarketplaceLIVE is the place where the complete community of cloud and digital stakeholders can come together to learn, cross-pollinate ideas, and network If you’re unable to join us in person, we have you covered with an interactive virtual experience.
REGISTER NOW
****The first 10 to register for in-person will receive complimentary registration (valued at $499), use discount code: ALLEYWATCH***
2. BuildOps $43.0M
Round: Series A
Description: BuildOps enables subcontractors to run their entire business on one software solution that manages their invoicing & billing, scheduling, estimates, proposals, payments, workflows, custom forms, financial reporting, and more. Founded by Alok Chanani, Neeraj Mittal, and Steve Chew in 2018, BuildOps has now raised a total of $48.8M in total equity funding and is backed by Sequoia Capital, Liquid 2 Ventures, Founders Fund, Global Founders Capital, and StepStone Group.
Investors in the round: 1984 Ventures, Fika Ventures, Founders Fund, Global Founders Capital, Liquid 2 Ventures, MetaProp, Metta World Peace, Next47, Stephen Stokols, StepStone Group
Industry: Commercial Real Estate, Information Technology, Mobile, SaaS, Software
Founders: Alok Chanani, Neeraj Mittal, Steve Chew
Founding year: 2018
Total equity funding raised: $48.8M
LA TechWatch’s exclusive coverage of this round: BuildOps Raises $43M for its Comprehensive Operating System for Commercial Contractors
MarketplaceLIVE is evolving and expanding this year into a hybrid format across several days. Over the three days, you’ll be able to engage in global stories, speed network with industry peers, join our first-ever technical user conference, and end with our thought leadership event taking place both virtually and in-person from The Glasshouse in NYC. MarketplaceLIVE is the place where the complete community of cloud and digital stakeholders can come together to learn, cross-pollinate ideas, and network If you’re unable to join us in person, we have you covered with an interactive virtual experience.
REGISTER NOW
****The first 10 to register for in-person will receive complimentary registration (valued at $499), use discount code: ALLEYWATCH***
1. LinearB $50.0M
Round: Series B
Description: LinearB is an analytics platform for software development organizations that improves productivity based on objective data driven insights. Founded by Dan Lines and Ori Keren in 2018, LinearB has now raised a total of $70.6M in total equity funding and is backed by Tribe Capital, Salesforce Ventures, Battery Ventures, 83North, and TechAviv Founder Partners.
Investors in the round: 83North, Battery Ventures, Salesforce Ventures, Tribe Capital
Industry: Analytics, Information Technology, Machine Learning, Software
Founders: Dan Lines, Ori Keren
Founding year: 2018
Total equity funding raised: $70.6M
MarketplaceLIVE is evolving and expanding this year into a hybrid format across several days. Over the three days, you’ll be able to engage in global stories, speed network with industry peers, join our first-ever technical user conference, and end with our thought leadership event taking place both virtually and in-person from The Glasshouse in NYC. MarketplaceLIVE is the place where the complete community of cloud and digital stakeholders can come together to learn, cross-pollinate ideas, and network If you’re unable to join us in person, we have you covered with an interactive virtual experience.
REGISTER NOW
****The first 10 to register for in-person will receive complimentary registration (valued at $499), use discount code: ALLEYWATCH***
1. Zora $50.0M
Round: Seed
Description: Zora operates as a crypto-driven marketplace. Founded by Dai Hovey, Dee Goens, Ethan Daya, Jacob Horne, Slava Kim, and Tyson Battistella in 2020, Zora has now raised a total of $52.0M in total equity funding and is backed by Paradigm, Coinbase Ventures, Haun Ventures, Village Global, and Kindred Ventures.
Investors in the round: Coinbase Ventures, Haun Ventures, Kindred Ventures
Industry: Marketplace
Founders: Dai Hovey, Dee Goens, Ethan Daya, Jacob Horne, Slava Kim, Tyson Battistella
Founding year: 2020
Total equity funding raised: $52.0M
MarketplaceLIVE is evolving and expanding this year into a hybrid format across several days. Over the three days, you’ll be able to engage in global stories, speed network with industry peers, join our first-ever technical user conference, and end with our thought leadership event taking place both virtually and in-person from The Glasshouse in NYC. MarketplaceLIVE is the place where the complete community of cloud and digital stakeholders can come together to learn, cross-pollinate ideas, and network If you’re unable to join us in person, we have you covered with an interactive virtual experience.
