Armed with some data from our friends at CrunchBase, I broke down the largest LA startup funding rounds for 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.
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (LA Tech, NYC Tech, London Tech, Paris Tech, Boston Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key influencers in the Los Angeles business community and beyond. Find out how to run a digital campaign that will return your investment here.
9. Snappt $100.0M
Round: Series A
Description: Snappt is an AI-enabled fraud detection platform that determines the authenticity of financial documents. Founded by Daniel Berlind in 2017, Snappt has now raised a total of $100.0M in total equity funding and is backed by Insight Partners, Dreamit Ventures, K50 Ventures, Inertia Ventures, and Moderne Ventures.
Investors in the round: Insight Partners
Industry: Artificial Intelligence, FinTech, Fraud Detection
Founders: Daniel Berlind
Founding year: 2017
Total equity funding raised: $100.0M
LA TechWatch’s exclusive coverage of this round: Snappt Raises $100M for its Fraud Detection Platform for Rental Applications
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (LA Tech, NYC Tech, London Tech, Paris Tech, Boston Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key influencers in the Los Angeles business community and beyond. Find out how to run a digital campaign that will return your investment here.
9. Dave $100.0M
Round: Venture
Description: Dave is a banking app on a mission to create financial opportunity that advances America’s collective potential. Founded by Jason Wilk, John Wolanin, and Paras Chitakar in 2016, Dave has now raised a total of $291.3M in total equity funding and is backed by FTX Ventures, Norwest Venture Partners, Tiger Global Management, Alameda Research, and Wellington Management.
Investors in the round: Alameda Research, Corbin Capital Partners, Tiger Global Management, Wellington Management
Industry: Banking, Financial Services, FinTech
Founders: Jason Wilk, John Wolanin, Paras Chitakar
Founding year: 2016
Total equity funding raised: $291.3M
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (LA Tech, NYC Tech, London Tech, Paris Tech, Boston Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key influencers in the Los Angeles business community and beyond. Find out how to run a digital campaign that will return your investment here.
9. Kitchen United $100.0M
Round: Series C
Description: Kitchen United offers a turnkey solution for restaurant brands to profitably expand. Founded by Harry Tsao, John Miller, and Massimo Noja De Marco in 2017, Kitchen United has now raised a total of $150.0M in total equity funding and is backed by Kroger, Fidelity, GV, Matthew Brown Companies, and Phillips Edison & Company.
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
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (LA Tech, NYC Tech, London Tech, Paris Tech, Boston Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key influencers in the Los Angeles business community and beyond. Find out how to run a digital campaign that will return your investment here.
9. SprintRay $100.0M
Round: Series D
Description: SprintRay is a 3D printer manufacturer that focuses on digital dentistry. Founded by Amir Mansouri, Erich Kreidler, Hossein Bassir, and Jing Zhang in 2014, SprintRay has now raised a total of $100.0M in total equity funding and is backed by SoftBank Vision Fund, ZWC Partners, CD Capital, Marathon Venture Partners, and Yiheng Capital.
Investors in the round: CD Capital, Marathon Venture Partners, SoftBank Vision Fund, Yiheng Capital, ZWC Partners
Industry: 3D Printing, Dental, Health Care, Medical Device
Founders: Amir Mansouri, Erich Kreidler, Hossein Bassir, Jing Zhang
Founding year: 2014
Total equity funding raised: $100.0M
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (LA Tech, NYC Tech, London Tech, Paris Tech, Boston Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key influencers in the Los Angeles business community and beyond. Find out how to run a digital campaign that will return your investment here.
8. Johnnie-O $108.0M
Round: Venture
Description: Johnnie-O offers a collection of SoCal lifestyle essentials for men and boys. Founded by John O’Donnell in 2005, Johnnie-O has now raised a total of $129.0M in total equity funding and is backed by Ares Management, Wasatch Global Investors, and Circadian Group.
Investors in the round: Ares Management, Wasatch Global Investors
Industry: Fashion, Retail, Shopping
Founders: John O’Donnell
Founding year: 2005
Total equity funding raised: $129.0M
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (LA Tech, NYC Tech, London Tech, Paris Tech, Boston Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key influencers in the Los Angeles business community and beyond. Find out how to run a digital campaign that will return your investment here.
7. MNTN $119.0M
Round: Series D
Description: MNTN provides advertising software for direct marketers, agencies, and brands of all sizes. Founded by Brooke Partelow and Mark Douglas in 2009, MNTN has now raised a total of $183.8M in total equity funding and is backed by Fidelity Management and Research Company, BlackRock, Silicon Valley Bank, Qualcomm Ventures, and Greycroft.
Investors in the round: BlackRock, Fidelity Management and Research Company
Industry: Advertising, Marketing, Real Time, Software
Founders: Brooke Partelow, Mark Douglas
Founding year: 2009
Total equity funding raised: $183.8M
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (LA Tech, NYC Tech, London Tech, Paris Tech, Boston Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key influencers in the Los Angeles business community and beyond. Find out how to run a digital campaign that will return your investment here.
6. Swell Energy $120.0M
Round: Series B
Description: Swell Energy is a home energy company that provides smart grid and energy management solutions for homeowners and businesses. Founded by Andrew Meyer, Matthew Rising, and Suleman Khan in 2014, Swell Energy has now raised a total of $582.0M in total equity funding and is backed by Ares Management, Third Sphere, SoftBank Vision Fund, Greenbacker Group, and Ontario Power Generation.
Investors in the round: Ares Management, Greenbacker Group, Ontario Power Generation, SoftBank Vision Fund
Industry: Energy, Energy Management, Renewable Energy, Semiconductor, Smart Home
Founders: Andrew Meyer, Matthew Rising, Suleman Khan
Founding year: 2014
Total equity funding raised: $582.0M
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (LA Tech, NYC Tech, London Tech, Paris Tech, Boston Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key influencers in the Los Angeles business community and beyond. Find out how to run a digital campaign that will return your investment here.
5. 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, TechStyle Fashion Group, L Catterton, Advent International, 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
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (LA Tech, NYC Tech, London Tech, Paris Tech, Boston Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key influencers in the Los Angeles business community and beyond. Find out how to run a digital campaign that will return your investment here.
4. thatgamecompany $160.0M
Round: Series D
Description: Thatgamecompany develops artistically crafted, broadly accessible interactive video games. Founded by Jenova Chen and Kellee Santiago in 2012, thatgamecompany has now raised a total of $188.8M in total equity funding and is backed by Sequoia Capital, TPG, Qualcomm Ventures, Transcend Fund, and Bracket Capital.
Investors in the round: Sequoia Capital, TPG
Industry: Console Games, Developer Tools, Family, MMO Games, Mobile, Online Games, Social Network, Video Games
Founders: Jenova Chen, Kellee Santiago
Founding year: 2012
Total equity funding raised: $188.8M
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (LA Tech, NYC Tech, London Tech, Paris Tech, Boston Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key influencers in the Los Angeles business community and beyond. Find out how to run a digital campaign that will return your investment here.
3. Metropolis $167.0M
Round: Series B
Description: Metropolis is an AI and computer vision start-up built to modernize parking and empower the future of mobility. Founded by Alexander Israel, Courtney Fukuda, Peter Fisher, and Travis Kell in 2017, Metropolis has now raised a total of $228.0M in total equity funding and is backed by Beyond Capital, Moving Capital, King River Capital, Baron Davis, and UP Partners.
Investors in the round: 3L Capital, Assembly Ventures, Benenson Capital Partners LLC, Beyond Capital, Dan Doctoroff, Dragoneer Investment Group, Eldridge, Gideon Hixon Fund, Halogen Ventures, King River Capital, Moving Capital, RXR Realty, Silver Lake Waterman, Slow Ventures, UP Partners, Zigg Capital
Industry: Artificial Intelligence, Autonomous Vehicles, Computer Vision, Internet, Machine Learning, Real Estate, Software
Founders: Alexander Israel, Courtney Fukuda, Peter Fisher, Travis Kell
Founding year: 2017
Total equity funding raised: $228.0M
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (LA Tech, NYC Tech, London Tech, Paris Tech, Boston Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key influencers in the Los Angeles business community and beyond. Find out how to run a digital campaign that will return your investment here.
2. Spotter $200.0M
Round: Series D
Description: Spotter provides a financial solution for independent content creators across digital platforms. Founded by Aaron DeBovoise in 2019, Spotter has now raised a total of $230.6M in total equity funding and is backed by SoftBank Vision Fund, CoVenture, Access Industries, HighPost Capital, and Crossbeam Venture Partners.
Investors in the round: Access Industries, CoVenture, Crossbeam Venture Partners, GPS Investment Partners, HighPost Capital, SoftBank Vision Fund
Industry: Digital Media, Finance, Financial Services, FinTech
Founders: Aaron DeBovoise
Founding year: 2019
Total equity funding raised: $230.6M
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (LA Tech, NYC Tech, London Tech, Paris Tech, Boston Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key influencers in the Los Angeles business community and beyond. Find out how to run a digital campaign that will return your investment here.
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. Founded by Kuntal Sampat and Raj Rajkotia in 2020, LootMogul has now raised a total of $210.0M in total equity funding and is backed by Harmony, The Global Emerging Markets Group, Angel, Powerhouse Ventures, and U2opia Mobile.
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: $210.0M
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (LA Tech, NYC Tech, London Tech, Paris Tech, Boston Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key influencers in the Los Angeles business community and beyond. Find out how to run a digital campaign that will return your investment here.
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. Founded by Grant LaFontaine and Logan Head in 2019, Whatnot has now raised a total of $484.7M in total equity funding and is backed by Andreessen Horowitz, Y Combinator, Bond, Operator Partners, and Liquid 2 Ventures.
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
The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (LA Tech, NYC Tech, London Tech, Paris Tech, Boston Tech) TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key influencers in the Los Angeles business community and beyond. Find out how to run a digital campaign that will return your investment here.
