Armed with some data from our friends at CrunchBase, I broke down the largest LA startup funding rounds for Q3 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 were considered.
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10. Scratchpay $35.0M
Round: Series C
Description: Scratchpay is a financial technology company that provides patient financing solutions for veterinary care.
Investors in the round: Alumni Ventures, Companion Fund, Norwest Venture Partners, Struck Capital, SWS Venture Capital, TTV Capital
Industry: Financial Services, FinTech, Payments, Pet, Veterinary
Founders: Caleb Morse, John Keatley, Lou Gatto
Founding year: 2016
Total equity funding raised: $58.8M
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9. HopSkipDrive $37.0M
Round: Series D
Description: HopSkipDrive is a vehicle for hire company focused on shuttling kids to school.
Investors in the round: 1776 Ventures, 1843 Capital, Alumni Ventures, Cap Table Coalition, Energy Impact Partners, FirstMark, GingerBread Capital, Halogen Ventures, Keyframe Capital Partners, The Artemis Fund, Transform Capital, Upfront Ventures
Industry: Child Care, Children, Information Technology, Ride Sharing, Transportation
Founders: Carolyn Yashari Becher, Janelle McGlothlin, Joanna McFarland
Founding year: 2014
Total equity funding raised: $123.8M
LA TechWatch’s exclusive coverage of this round: HopSkipDrive Raises Another $37M to Modernize School Transportation
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8. Theorycraft Games $50.0M
Round: Series B
Description: Theorycraft Games operates as an independent game development studio that operates remotely.
Investors in the round: Andreessen Horowitz, Makers Fund, New Enterprise Associates
Industry: Gamification, Gaming, Media and Entertainment, Video Games
Founders: Areeb Pirani, Joe Tung, Michael Evans
Founding year: 2020
Total equity funding raised: $87.5M
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7. Everytable $55.0M
Round: Series C
Description: Everytable is a unique grab-and-go restaurant chain with a variable price based on each zip code’s median income.
Investors in the round: Beacon Fund, Brener International Group, Creadev, Desert Bloom, Kaiser Permanente Ventures, Kimbal Musk, Lerer Hippeau, The Libra Foundation
Industry: Food and Beverage, Food Delivery, Restaurants, Snack Food
Founders: David Foster, Samuel Polk
Founding year: 2016
Total equity funding raised: $82.3M
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6. Flip $60.0M
Round: Series B
Description: Flip is a next-gen social & live commerce platform by combining a TikTok-like discovery experience with a premium e-commerce service.
Investors in the round: Mubadala Capital Ventures, Streamlined Ventures, WestCap
Industry: Beauty, E-Commerce, Retail, Shopping, Social Media
Founders: Jonathan Ellman, Noor Agha
Founding year: 2019
Total equity funding raised: $94.8M
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5. Boulevard $70.0M
Round: Series C
Description: Boulevard is a business management platform developed to help streamline the operations of appointment-based businesses.
Investors in the round: Bonfire Ventures, BoxGroup, Index Ventures, Point72 Ventures, Toba Capital, VMG Partners
Industry: B2B, Consulting, Internet, Marketing, SaaS
Founders: Matt Danna, Sean Stavropoulos
Founding year: 2016
Total equity funding raised: $108.0M
LA TechWatch’s exclusive coverage of this round: Boulevard Raises $70M for its Client Management and Booking Platform for Self-Care Businesses
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4. SpinLaunch $71.0M
Round: Series B
Description: SpinLaunch is an aerospace company focused on sending satellites to low-Earth orbit using kinetic energy.
Investors in the round: Andrew L. Farkas, Asher Delug, ATMA Capital, ATW Partners, Brook Byers, Chuck Brady, Greg McAdoo, GV, John Doerr, Kleiner Perkins, Lauder Partners, McKinley Capital Partners, Ona Capital, Tyche Partners
Industry: Aerospace, Manufacturing, Space Travel
Founders: Jonathan Yaney
Founding year: 2014
Total equity funding raised: $146.0M
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3. Kitchen United $100.0M
Round: Series C
Description: Kitchen United offers a turnkey solution for restaurant brands to profitably expand.
Investors in the round: Alimentation Couche-Tard, Inc., B. Riley Venture Capital, Cali Group, DivcoWest, Fidelity Canada, General Global Capital, GoldenArc Capital, GV, Harry Tsao, HAVI, John Miller, Kroger, Michael Montagano, Peyton Manning, Phillips Edison & Company, Restaurant Brands International, Rich Products Ventures, RXR Realty, Simon Property Group
Industry: E-Commerce, Food and Beverage, Information Technology, Restaurants
Founders: Harry Tsao, John Miller, Massimo Noja De Marco
Founding year: 2017
Total equity funding raised: $150.0M
LA TechWatch’s exclusive coverage of this round: Kitchen United Raises $100M to Bring Ghost Kitchens to the Forefront of Delivery and Takeout
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2. LootMogul $200.0M
Round: Venture
Description: LootMogul is an athlete-led sports metaverse web3 platform that uses blockchain games, meta stores for brands and players.
Investors in the round: The Global Emerging Markets Group
Industry: Blockchain, Fantasy Sports, Gaming, Media and Entertainment, Virtual Reality
Founders: Kuntal Sampat, Raj Rajkotia
Founding year: 2020
Total equity funding raised: $204.0M
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1. Whatnot $260.0M
Round: Series D
Description: Whatnot is a live stream platform and marketplace that enables collectors and enthusiasts to connect, buy, and sell verified products.
Investors in the round: Andreessen Horowitz, Bond, CapitalG, DST Global, Y Combinator Continuity Fund
Industry: Collectibles, E-Commerce, Marketplace, Trading Platform
Founders: Grant LaFontaine, Logan Head
Founding year: 2019
Total equity funding raised: $484.7M
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