Today, I take a look at the state of venture capital and angel funding during the all of May, both in Los Angeles and nationally. Analyzing some publicly available data from our friends at CrunchBase, we break down the national aggregate statistics for all funding deals by stage of funding (Angel/Seed, Series A, Series B, and Series C+, as well as non-specified venture rounds <$10M).
It was a very robust and active month for Los Angeles startup funding during the month of May. While much of the activity is revolved around Snapchat’s mega $1.8B financing, taking that out of the equation still yielded over $425 million in funding for LA-based startups. Over 1/3 of funding in the US went to Los Angeles startups in the month of May and this is the largest dollar amount that we’ve seen.