LA’s startup ecosystem closed February 2026 with over $546M raised across its largest equity funding rounds. Drawing on CrunchBase data, we break down the month’s biggest deals — from a $20M EV auction platform to a $300M aerospace giant — with full context on each company’s founders, investors, and funding history to give a fuller picture of where venture capital in LA is flowing.
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6. Plug $20.0M
Round: Series A
Description: Plug is a wholesale auction that facilitates online buying and selling of used EVs. Founded by Jimmy Douglas in 2023, Plug has now raised a total of $26.7M in total equity funding and is backed by Lightspeed Venture Partners, Autotech Ventures, A*, Floodgate, and Galvanize.
Investors in the round: Autotech Ventures, Galvanize, Leap Forward Ventures, Lightspeed Venture Partners, Renn Global
Industry: Automotive, Electric Vehicle, Wholesale
Founders: Jimmy Douglas
Founding year: 2023
Total equity funding raised: $26.7M
5. Mitra EV $27.0M
Round: Series A
Description: Mitra EV offers electric fleet solutions for businesses, focusing on commercial fleet electrification. Founded by Brian Duncan, Galina Russell, and James Tong in 2023, Mitra EV has now raised a total of $39.0M in total equity funding and is backed by S2G Investments and Ultra Capital.
Investors in the round: Ultra Capital
Industry: Electronics, Energy, Renewable Energy
Founders: Brian Duncan, Galina Russell, James Tong
Founding year: 2023
Total equity funding raised: $39.0M
4. Accrual $75.0M
Round: Series A
Description: Accrual is an AI-driven accounting platform that streamlines and unifies tax preparation and financial workflows for accounting firms. Founded by Cosmin Nicolaescu and Siddarth Chandrasekaran in 2024, Accrual has now raised a total of $91.4M in total equity funding and is backed by General Catalyst, PruVen Capital, Go Global Ventures, and Edward Jones Ventures.
Investors in the round: Edward Jones Ventures, General Catalyst, Go Global Ventures, PruVen Capital
Industry: Artificial Intelligence (AI), Information Technology, SaaS, Software
Founders: Cosmin Nicolaescu, Siddarth Chandrasekaran
Founding year: 2024
Total equity funding raised: $91.4M
3. Midi Health $100.0M
Round: Series D
Description: Midi Health provides virtual care for women in midlife, offering clinician support for menopause, hormonal health, and related conditions. Founded by Jill Herzig, Joanna Strober, Kathleen Jordan, and Sharon Meers in 2021, Midi Health has now raised a total of $252.0M in total equity funding and is backed by Goodwater Capital, Felicis, Serena Ventures, Foresite Capital, and Operator Collective.
Investors in the round: Advance Venture Partners, Emerson Collective, Felicis, Foresite Capital, Goodwater Capital, Google Ventures, McKesson Ventures, SemperVirens Venture Capital, Serena Ventures
Industry: Health Care, Medical, mHealth, Therapeutics, Women’s
Founders: Jill Herzig, Joanna Strober, Kathleen Jordan, Sharon Meers
Founding year: 2021
Total equity funding raised: $252.0M
2. Machina Labs $124.0M
Round: Series C
Description: Machina Labs is a mechanical and industrial engineering and manufacturing company that automates metal forming and fabrication processes. Founded by Babak Raeisinia and Edward Mehr in 2019, Machina Labs has now raised a total of $172.3M in total equity funding and is backed by Alumni Ventures, Gaingels, Lockheed Martin Ventures, Woven Capital, and NVentures.
Investors in the round: Balerion Space Ventures, Lockheed Martin Ventures, Strategic Development Fund, Woven Capital
Industry: Artificial Intelligence (AI), Industrial Engineering, Machinery Manufacturing, Mechanical Engineering, Robotics
Founders: Babak Raeisinia, Edward Mehr
Founding year: 2019
Total equity funding raised: $172.3M
1. Skyryse $300.0M
Round: Series C
Description: Skyryse is a manufacturing firm that offers aerospace hardware and software operating systems and components design, production, and sales. Founded by Mark Groden and Mitch Adler in 2016, Skyryse has now raised a total of $531.0M in total equity funding and is backed by Eclipse Ventures, Venrock, Industry Ventures, Fidelity, and Qatar Investment Authority.
Investors in the round: ArrowMark Partners, Atreides Management, Autopilot Ventures, BAM Elevate, Baron Capital, Durable Capital Partners, Fidelity, Positive Sum, Qatar Investment Authority, Rokos Capital Management, Woodline Partners
Industry: Aerospace, Air Transportation, Internet, Transportation
Founders: Mark Groden, Mitch Adler
Founding year: 2016
Total equity funding raised: $531.0M
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