LA-based startups raised almost $2B in May

John Siegel
Anchored by Snapchat's monster Series F, LA startups experienced a month of unprecedented funding. 

5. Winc, $17.5M, May 6

Investors: Shining Capital and existing investor Bessemer Venture Partners

Bio: Club W had some big news to kick-off May. In addition to receiving $17.5 million in funding, the company wine subscription service rebranded from Club W to Winc.

News: Funds will go toward onboarding more members and improving member experience. 


4. Tradesy, $30M, May 10

Investors: Sequoia Capital

Bio: Tradesy, an online marketplace that connects fashion buyers with sellers, announced $30 million in funds raised. The Santa Monica-based company raised a similar amount in funding just a year beforehand.

News: Though the site currently isn't profitable, their product catalogue — and more importantly product descriptions — continue to grow, allowing the site to rank better in search results and driving new business to the site.


3. Victorious, $25 million, May 24

Investors: Marker LLC, Dentsu Ventures, Kleiner Perkins Caufield & Byers and Redpoint.

Bio: Victorious creates apps focused on YouTube creators and celebrities and recently created an X-Men app for 20th Century Fox.

News: The company plans to use the money raised to power an international expansion. 


2. Age of Learning, $150 million, May 3

Investors: Iconiq Capital

Bio: Glendale-based education startup Age of Learning raised $150 million at a $1 billion valuation from Iconiq Capital. The company produces one of the highest-grossing education apps used today in ABCmouse. 

News: The company expects to use the round of funding to expand partnerships, as well as growing automated investment features.


1. Snapchat, $1.8 billion, May 24

Investors: General Atlantic, Sequoia Capital, T. Rowe Price, Lone Pine, Glade Brook Capital, IVP, Coatue Management and Fidelity

Bio: Based on strong returns from their recent monetization efforts, Venice-based Snapchat was able to pull in a $1.8 billion in Series F funding. 

News: With the funds raised, the company plans to ramp up its monetization process.

Do you know a startup that deserves coverage? Tell us here.

Post a comment

or to post comments

Oh no!

You're fresh out of job post slots.

Upgrade your planmanage current jobs

Create an account

Let startups find you

Create a profile and upload your resume today.

Invite Your Contacts to Built In Los Angeles

Explore the local startup scene, find your
dream job and hang with fellow techies.

No sales pitches, just awesome original content.

Oh no!

You're fresh out of job post slots.