The LA TechWatch 2017 LA Venture Capital Funding Analysis

Over the course of 2017 we tracked 172 investments totaling $1.55 billion

Today, we take a look at the state of Los Angeles venture capital and angel funding during 2017 for startups. Analyzing some publicly available data from our friends at CrunchBase , we break down the aggregate statistics for all funding deals by stage of funding (Angel/Seed, Series A, Series B, and Series C+) as well as look at some historical trends in funding compared to previous years.

2017 was a robust year for startup funding in Los Angeles with total funding up over 45% with funding up across all stages. Aggregate venture funding in 2017 in LA topped $1.5B across 172 deals largely dominated by late stage deals which accounted for close to 60% of total funding raised. Series B funding was particularly strong in 2017, topping $575M, up 95% from 2016 at an aggregate level and even surpassing the total amount of Series C+ funding.

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Toal startup funding was up at an aggregate level in 2017, rising from $1.07B in 2016 to $1.55B in 2017, up 45%. The number of deals also increased to 172 in 2017 from 150 in 2016, marking an approximate 15% increase in the number of deals. Median deal size increased an impressive 47%.

The graph below captures some basic trends from a 3-year perspective for aggregate startup funding as well as by round type.

For your tweeting convenience:

LA Startups raised $1.55B in 2017, up 45% from 2016 Click to tweet 172 startups were funded in LA in 2017 Click to tweet LA Startup funding was up 45% in 2017 Click to tweet The number of LA #startup funding deals increased 15% in LA in 2017 Click to tweet

2017: LA Top 15 Investments

Now we take a look at the LA Startup fundings that were the largest for the year. These deals largely contributed to total funding for 2017.

These 15 rounds accounted for 67% of the total funding for 2017. These 15 startups are spread across industries with no particular strong bias.

2017: LA Median round sizes

The median round size across every stage in Los Angeles increased in 2017 with the sole exception being at the late stage where Series C+ gains fell from $30M in 2016 to $26M in 2017.

Seed

Seed stage activity fell increased a robust 32% in 2017 and having increased more than double in the last two years. The number of financings rose slightly and median deal size increased 20%.

For your tweeting convenience:

LA Startups raised $158M in seed funding in 2017, up 31% from 2016 Click to tweet The median seed stage round in LA in 2017 was $1.2M Click to tweet Median LA #startup seed stage deal size increased 20% in 2017 Click to tweet The number of LA #startup seed stage deals increased 3.41% in 2017 Click to tweet

2017: LA Top 5 Seed Investments

Now we take a look at the LA Startup seed fundings that were the largest for the year.

Series A

Series A activity for LA Startups in 2017 increased an impressive 55% from 2016 levels. 42 startups raised $359M in funding.

For your tweeting convenience:

LA Startups raised $359M in Series A funding in 2017, up 55% from 2016 Click to tweet The median Series A round in LA in 2017 was $7.58M Click to tweet Median LA #startup Series A deal size increased 26.25% in 2017 Click to tweet The number of LA #startup Series A deals rose 24% in 2017 Click to tweet

2017: LA Top 5 Series A Investments

Now we take a look at the LA Startup Series A fundings that were the largest for the year. These 5 rounds represent 27% of total Series A funding in Los Angeles in 2017.

Series B

Series B activity in Los Angeles in 2017 was extremely strong with a whopping 95% increase in funding from 2016 levels. The number of deals also increased 40% with 28 Series B funding through the course of the year. Series B aggregate funding ($575M) surpassed late stage funding ($454M) in Los Angeles 2017.

For your tweeting convenience:

LA Startups raised $575M in Series B funding in 2017, up 95% from 2016! Click to tweet The median Series B round in LA in 2017 was $18.5M Click to tweet Median LA #startup Series B deal size increased 25% in 2017 Click to tweet The number of LA #startup Series B deals increased 40% in 2017 Click to tweet

2017: LA Top 5 Series B Investments

Now we take a look at the LA Startup Series B fundings that were the largest for the year. These 5 deals represent 38% of total Series B funding in Los Angeles in 2017.

Series C+

Late stage funding was up slightly (9%) in New York from 2016 levels. The number of deals increased 22% as well. As a result, median seal size in 2017 for the latter stages in Los Angeles fell 13%z .

For your tweeting convenience:

LA Startups raised $454M in Series C+ funding in 2017,up 9% from 2016 Click to tweet The median Series C+ round in LA in 2017 was $26M Click to tweet Median LA #startup Series C+ deal size fell 13% in 2017 Click to tweet The number of LA #startup Series C+ deals increased 22% in 2017 Click to tweet

2017: LA Top 5 Series C+ Investments

Now we take a look at the LA Startup late stage fundings that were the largest for the year. These 5 deals represent a concentration of 75% of the total late stage fundings in Los Angeles in 2017.

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