Armed with some data from our friends at CrunchBase, I broke down the largest LA startup funding rounds during February 2024. 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.
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7. Vatom $10.0M
Round: Series B
Description: Vatom enables both companies and individuals to easily engage directly with the emerging Web3. Founded by Eric Pulier and Michael Judd in 2019, Vatom has now raised a total of $10.3M in total equity funding and is backed by iHeartMedia, Galaxy Digital, The Raine Group, BAT VC, and Galaxy Interactive.
Investors in the round: BAT VC, Galaxy Digital, GSV AirCO, iHeartMedia, The Raine Group
Industry: Information Services, Information Technology, Metaverse, Web3
Founders: Eric Pulier, Michael Judd
Founding year: 2019
Total equity funding raised: $10.3M
An Exclusive Program
For a very innovative community
Welcome to PropelME, an exclusive program meticulously crafted for qualified companies navigating the dynamic broadcast, media and entertainment entrepreneurial landscape. Our program offers a unique fusion of year-round online community engagement and immersive, in-person experiences during NAB Show events, creating a comprehensive support system for early-stage companies.
Immerse yourself in a supportive community where shared expertise drives innovation, providing not just networking opportunities but a deeper engagement with industry trends for forward-thinking startups and entrepreneurs.
Join us in shaping the future of entrepreneurship. It all starts at NAB Show, April 13-17, 2024 in Las Vegas.
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7. Quilter $10.0M
Round: Series A
Description: Quilter operates a mission-fueled team of experts in AI and electronics. Founded by Sergiy Nesterenko in 2019, Quilter has now raised a total of $10.0M in total equity funding and is backed by Coatue, Benchmark, Root Ventures, and Harrison Metal.
Investors in the round: Benchmark, Coatue, Harrison Metal, Root Ventures
Industry: Electronics, Software
Founders: Sergiy Nesterenko
Founding year: 2019
Total equity funding raised: $10.0M
An Exclusive Program
For a very innovative community
Welcome to PropelME, an exclusive program meticulously crafted for qualified companies navigating the dynamic broadcast, media and entertainment entrepreneurial landscape. Our program offers a unique fusion of year-round online community engagement and immersive, in-person experiences during NAB Show events, creating a comprehensive support system for early-stage companies.
Immerse yourself in a supportive community where shared expertise drives innovation, providing not just networking opportunities but a deeper engagement with industry trends for forward-thinking startups and entrepreneurs.
Join us in shaping the future of entrepreneurship. It all starts at NAB Show, April 13-17, 2024 in Las Vegas.
Submit your Application
6. Pelage Pharma $16.8M
Round: Series A
Description: Pelage Pharma delivers a clinically tested treatment for both men and women battling the emotional pain or social stigma of hair loss. Founded by Heather Christofk, Michael Jung, and William Lowry in , Pelage Pharma has now raised a total of $16.8M in total equity funding and is backed by Google Ventures, Main Street Advisors, YK Bioventures, and Visionary Venture Fund.
Investors in the round: Google Ventures, Main Street Advisors, Visionary Venture Fund, YK Bioventures
Industry: Health Care, Medical, Pharmaceutical
Founders: Heather Christofk, Michael Jung, William Lowry
Founding year:
Total equity funding raised: $16.8M
An Exclusive Program
For a very innovative community
Welcome to PropelME, an exclusive program meticulously crafted for qualified companies navigating the dynamic broadcast, media and entertainment entrepreneurial landscape. Our program offers a unique fusion of year-round online community engagement and immersive, in-person experiences during NAB Show events, creating a comprehensive support system for early-stage companies.
Immerse yourself in a supportive community where shared expertise drives innovation, providing not just networking opportunities but a deeper engagement with industry trends for forward-thinking startups and entrepreneurs.
Join us in shaping the future of entrepreneurship. It all starts at NAB Show, April 13-17, 2024 in Las Vegas.
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5. Manufactured $19.5M
Round: Series A
Description: Manufactured is a digital inventory platform for SMBs. Founded by Pranay Srinivasan in 2017, Manufactured has now raised a total of $25.5M in total equity funding and is backed by Sequoia Scout, TriplePoint Capital, Blume Ventures, Umami Capital, and Amplify.LA.
Investors in the round: MS&AD Ventures, Positive Sum, TriplePoint Capital, Umami Capital
Industry: Consumer Goods, Internet, Manufacturing, Supply Chain Management
Founders: Pranay Srinivasan
Founding year: 2017
Total equity funding raised: $25.5M
An Exclusive Program
For a very innovative community
Welcome to PropelME, an exclusive program meticulously crafted for qualified companies navigating the dynamic broadcast, media and entertainment entrepreneurial landscape. Our program offers a unique fusion of year-round online community engagement and immersive, in-person experiences during NAB Show events, creating a comprehensive support system for early-stage companies.
Immerse yourself in a supportive community where shared expertise drives innovation, providing not just networking opportunities but a deeper engagement with industry trends for forward-thinking startups and entrepreneurs.
Join us in shaping the future of entrepreneurship. It all starts at NAB Show, April 13-17, 2024 in Las Vegas.
Submit your Application
4. Upwards $21.0M
Round: Series B
Description: Upwards makes care accessible to all families and empower the caregivers who provide it. Founded by Jesse Forrest, Jessica Chang, and Matt Reilly in 2017, Upwards has now raised a total of $43.3M in total equity funding and is backed by M13, Fika Ventures, Social Capital, Amplify.LA, and Halogen Ventures.
Investors in the round: Alpha Edison, Fika Ventures, M13
Industry: Child Care, EdTech, Education, Employee Benefits, Primary Education
Founders: Jesse Forrest, Jessica Chang, Matt Reilly
Founding year: 2017
Total equity funding raised: $43.3M
An Exclusive Program
For a very innovative community
Welcome to PropelME, an exclusive program meticulously crafted for qualified companies navigating the dynamic broadcast, media and entertainment entrepreneurial landscape. Our program offers a unique fusion of year-round online community engagement and immersive, in-person experiences during NAB Show events, creating a comprehensive support system for early-stage companies.
Immerse yourself in a supportive community where shared expertise drives innovation, providing not just networking opportunities but a deeper engagement with industry trends for forward-thinking startups and entrepreneurs.
Join us in shaping the future of entrepreneurship. It all starts at NAB Show, April 13-17, 2024 in Las Vegas.
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3. Synadia Communications $25.0M
Round: Series B
Description: Synadia powers the secure connective technologies to drive cloud and edge native. Founded by Derek Collison in 2017, Synadia Communications has now raised a total of $50.8M in total equity funding and is backed by Accenture, Singtel Innov8, LDV Partners, Bold Capital Partners, and Accenture Ventures.
Investors in the round: 5G Open Innovation Lab, Accenture, Bold Capital Partners, Forgepoint Capital, LDV Partners, NALA Investments, Samsung NEXT, Singtel Innov8, True Ventures
Industry: Cloud Computing, Cloud Data Services, Computer, Mobile Apps, Network Security, Software
Founders: Derek Collison
Founding year: 2017
Total equity funding raised: $50.8M
An Exclusive Program
For a very innovative community
Welcome to PropelME, an exclusive program meticulously crafted for qualified companies navigating the dynamic broadcast, media and entertainment entrepreneurial landscape. Our program offers a unique fusion of year-round online community engagement and immersive, in-person experiences during NAB Show events, creating a comprehensive support system for early-stage companies.
Immerse yourself in a supportive community where shared expertise drives innovation, providing not just networking opportunities but a deeper engagement with industry trends for forward-thinking startups and entrepreneurs.
Join us in shaping the future of entrepreneurship. It all starts at NAB Show, April 13-17, 2024 in Las Vegas.
Submit your Application
2. Avnos $36.0M
Round: Series A
Description: Avnos is commercializing technology to capture CO2 without consuming water, producing water for every ton. Founded by Will Kain in 2021, Avnos has now raised a total of $116.0M in total equity funding and is backed by NextEra Energy, Grantham Foundation, Shell Ventures, ConocoPhillips, and Safran Corporate Ventures.
Investors in the round: Envisioning Partners, NextEra Energy, Rusheen Capital Management, Safran Corporate Ventures, Shell Ventures
Industry: Carbon Capture, Energy, Environmental Engineering, Water
Founders: Will Kain
Founding year: 2021
Total equity funding raised: $116.0M
An Exclusive Program
For a very innovative community
Welcome to PropelME, an exclusive program meticulously crafted for qualified companies navigating the dynamic broadcast, media and entertainment entrepreneurial landscape. Our program offers a unique fusion of year-round online community engagement and immersive, in-person experiences during NAB Show events, creating a comprehensive support system for early-stage companies.
Immerse yourself in a supportive community where shared expertise drives innovation, providing not just networking opportunities but a deeper engagement with industry trends for forward-thinking startups and entrepreneurs.
Join us in shaping the future of entrepreneurship. It all starts at NAB Show, April 13-17, 2024 in Las Vegas.
Submit your Application
1. ProducePay $38.0M
Round: Series D
Description: ProducePay is an AgTech company developing a financing platform that allows farmers to have access to liquidity for pricing transparency. Founded by Ben Dusastre and Pablo Schwarzbeck in 2014, ProducePay has now raised a total of $105.9M in total equity funding and is backed by CF Private Equity, 500 Global, CoVenture, International Finance Corporation, and FJ Labs.
Investors in the round: Anterra Capital, Astanor Ventures, Avenue Capital Group, Avenue Venture, CF Private Equity, Common Fund, Endeavor8, G2 Venture Partners, Red Bear Angels, Syngenta Ventures
Industry: Agriculture, AgTech, Farming, Financial Services, Payments
Founders: Ben Dusastre, Pablo Schwarzbeck
Founding year: 2014
Total equity funding raised: $105.9M
An Exclusive Program
For a very innovative community
Welcome to PropelME, an exclusive program meticulously crafted for qualified companies navigating the dynamic broadcast, media and entertainment entrepreneurial landscape. Our program offers a unique fusion of year-round online community engagement and immersive, in-person experiences during NAB Show events, creating a comprehensive support system for early-stage companies.
Immerse yourself in a supportive community where shared expertise drives innovation, providing not just networking opportunities but a deeper engagement with industry trends for forward-thinking startups and entrepreneurs.
Join us in shaping the future of entrepreneurship. It all starts at NAB Show, April 13-17, 2024 in Las Vegas.
