Everything you need to need to know about the largest Los Angeles startup funding rounds of April 2021; broken down by industry, stage, investors, and more…
Next Play Capital
There’s a wave of challenger financial service providers that are expanding beyond basic banking to service the needs of the 47M+ immigrants in the US. The most common challenges that immigrants face when it comes to banking include building credit, language barriers, and payment services. Welcome Technologies is a mobile banking platform that focuses on improving access to banking services for immigrant communities and their families. In addition to the banking platform, the company also offers a monthly subscription service that provides users access to highly-discounted resources that include insurance, medical, dental, and pharmacy. LA TechWatch caught up with Cofounder and CEO Amir Hemmat to learn more about the challenges immigrants and their families face with banking, the company’s strategic plans, latest round of funding, which brings the total funding raised to $43M from investors that include TTV Capital, Owl Ventures, SoftBank Group Corp’s SB Opportunity Fund, Crosscut Ventures, Mubadala Capital, Next Play Capital, and Owl Capital.
$120M+ raised in LA during the week! LA Tech news for the week ending 4/24 featuring news for Welcome Technology, Moving Analytics, and much, much more.
The Weekly Notable Startup Funding Report takes us on a trip across various ecosystems in the US, highlighting some of the notable funding activity in the various markets that we track. The notable startup funding rounds for the week ending 4/24/21 featuring funding details for Clasy, Bitmovin, and twenty-seven other rounds that you must know about.
The latest venture capital, seed, pre-seed, and angel deals for LA startups for 4/22/2021 featuring funding details for Universal Hydrogen, Welcome Technologies, and much more.