Today, I take a look at the state of venture capital and angel funding during the all of June, 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).
One Minute Takeaway:
Overall it was a stellar month for startups in Los Angeles with aggregate funding exceeding $340M, which is one of the highest monthly totals that we have observed. What makes this particularly interesting is that this $341M is composed across all stages of the startup lifecycle with multiple deals in the early stage to the latter stages. No one deal dominated the funding either. If funding continues like this in the fall and beyond, it will signify Los Angeles entering a new era in its startup ecosystem lifecycle. When we first started recording the monthly totals back in 2015, there were months we would struggle to find rounds at each different stages (Seed, A, B, etc.) with a few financing here and there. In June, there were 21 total financings.
Nationally funding was up from May levels and in excess of $6B. Series B activity nationally was particularly strong from previous levels.