Armed with some data from our friends at CrunchBase, I broke down the largest LA startup funding rounds during July 2023. 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.
7. WasteFuel $10.0M
Round: Series B
Description: WasteFuel generates sustainable fuels using technologies to address the climate emergency and revolutionize mobility. Founded by Alejandro Estrada and Trevor Neilson in 2018, WasteFuel has now raised a total of $22.7M in total equity funding and is backed by Aileen Getty, BP Ventures, Guy Oseary, i(x) Net Zero, Maersk Growth, NetJets, Prime Infrastructure Capital, and Time Ventures.
Investors in the round: Aileen Getty, BP Ventures, Guy Oseary, i(x) Net Zero, Maersk Growth, NetJets, Prime Infrastructure Capital, Time Ventures
Industry: Biomass Energy, Renewable Energy, Sustainability, Waste Management
Founders: Alejandro Estrada, Trevor Neilson
Founding year: 2018
Total equity funding raised: $22.7M
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.
6. Arrive Recommerce $16.0M
Round: Series A
Description: Arrive is a technology company that powers circular commerce for the world’s most innovative brands, retailers and operators. Founded by Rachelle Snyder and Ross Richmond in 2017, Arrive Recommerce has now raised a total of $24.8M in total equity funding and is backed by 444 Capital, Alpaca VC, ANIMO Ventures, Banana Capital, Climactic VC, Cosmic Venture Partners, Freestyle Capital, Javelin Venture Partners, Maersk Growth, Regeneration.VC, Sidekick Partners, and Wedbush Ventures.
Investors in the round: 444 Capital, Alpaca VC, ANIMO Ventures, Banana Capital, Climactic VC, Cosmic Venture Partners, Freestyle Capital, Javelin Venture Partners, Maersk Growth, Regeneration.VC, Sidekick Partners, Wedbush Ventures
Industry: E-Commerce, Rental, Retail
Founders: Rachelle Snyder, Ross Richmond
Founding year: 2017
Total equity funding raised: $24.8M
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.
5. Embrace $20.0M
Round: Venture
Description: Embrace helps mobile engineers build better experiences. Founded by Eric Futoran, Fredric Newberg, and Maggie Shih in 2016, Embrace has now raised a total of $77.0M in total equity funding and is backed by AV8 Ventures, Eniac Ventures, Greycroft, and New Enterprise Associates.
Investors in the round: AV8 Ventures, Eniac Ventures, Greycroft, New Enterprise Associates
Industry: Analytics, Developer Tools, Enterprise Software, Information Technology, Mobile Apps, Productivity Tools, SaaS, Software
Founders: Eric Futoran, Fredric Newberg, Maggie Shih
Founding year: 2016
Total equity funding raised: $77.0M
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. Collectly $29.0M
Round: Series A
Description: Collectly helps healthcare organizations increase collections, automate billing operations, and elevate the patient financial experience. Founded by Levon Brutyan and Maxim Mizotin in 2017, Collectly has now raised a total of $33.9M in total equity funding and is backed by Burst Capital, CABRA VC, Davidovs Venture Collective (DVC), Sapphire Ventures, Wayfinder Ventures, and Y Combinator.
Investors in the round: Burst Capital, CABRA VC, Davidovs Venture Collective (DVC), Sapphire Ventures, Wayfinder Ventures, Y Combinator
Industry: Billing, Electronic Health Record (EHR), Financial Services, Health Care
Founders: Levon Brutyan, Maxim Mizotin
Founding year: 2017
Total equity funding raised: $33.9M
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. Karat Financial $40.0M
Round: Series B
Description: Karat Financial offers business credit cards tailored to the needs of digital creators and influencers. Founded by Eric Wei and Will Kim in 2019, Karat Financial has now raised a total of $70.6M in total equity funding and is backed by Biz Stone, Commerce Ventures, CRV, Dreamers VC, GGV Capital, Josh Richards, Kevin Lin, Ludwig Ahgren, MANA Talent Group, Nick DiGiovanni, Pat Flynn, Pentas Ventures, SignalFire, Steve Chen, Union Square Ventures, and Wendover Productions.
Investors in the round: Biz Stone, Commerce Ventures, CRV, Dreamers VC, GGV Capital, Josh Richards, Kevin Lin, Ludwig Ahgren, MANA Talent Group, Nick DiGiovanni, Pat Flynn, Pentas Ventures, SignalFire, Steve Chen, Union Square Ventures, Wendover Productions
Industry: Content Creators, Credit Cards, Finance, Financial Services
Founders: Eric Wei, Will Kim
Founding year: 2019
Total equity funding raised: $70.6M
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. Impulse Space $45.0M
Round: Series A
Description: Impulse Space develops orbital maneuvering vehicles for last-mile cargo delivery. Founded by Tom Mueller in 2021, Impulse Space has now raised a total of $75.0M in total equity funding and is backed by Airbus Ventures, Founders Fund, Lux Capital, Pallas Ventures, RTX Ventures, and Space Capital.
Investors in the round: Airbus Ventures, Founders Fund, Lux Capital, Pallas Ventures, RTX Ventures, Space Capital
Industry: Aerospace, Manufacturing, Space Travel
Founders: Tom Mueller
Founding year: 2021
Total equity funding raised: $75.0M
LA TechWatch’s exclusive coverage of this round: Impulse Space Raises Another $45M for its In Space Transportation Vehicles That Connect the Burgeoning Space Economy/a>
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. Skims $270.0M
Round: Series C
Description: SKIMS is a solutions oriented brand creating the next generation of inclusive underwear, loungewear and shapewear. Founded by Emma Grede, Jens Grede, and Kim Kardashian in 2019, Skims has now raised a total of $669.0M in total equity funding and is backed by D1 Capital Partners, Greenoaks, Imaginary Ventures, and Wellington Management.
Investors in the round: D1 Capital Partners, Greenoaks, Imaginary Ventures, Wellington Management
Industry: Fashion, Lingerie, Retail
Founders: Emma Grede, Jens Grede, Kim Kardashian
Founding year: 2019
Total equity funding raised: $669.0M
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.
