According to our 2015 Annual Report, LA is coming off its best funding year ever. And with just over $260 million in capital to kick off 2016, it looks as though the tech industry is surviving the current stock market chaos. Here is a look back at the top five rounds from January 2016:
Investors: FirstMark Capital, Greycroft Partners, Pritzker Group Venture Capital, along with prior investors Upfront Ventures, BBG Ventures and 1776
Bio: Dubbed the "Uber for kids", HopSkipDrive is a ride service designed to make parents' lives easier.
News: As one of LA's fastest growing companies, HopSkipDrive announced they will be expanding their operations outside of Los Angeles in accordance with their latest funding round.
Investors: Verizon, WPP and AwesomenessTV
Bio: Based in Santa Monica, Mitu is a content company home to the internet's largest community of Latinos.
News: The company has over 100 million global subscribers and has partnered with brands like Discovery, Disney's Maker Studios, Televisa, AOL, and Univision.
Investors: Not reported
Bio: Based in West LA, FreedomPop is a wireless Internet provider that delivers 4G mobile broadband for free.
News: This is FreedomPop's eighth round of funding, totaling more than $109 million. With the newest round, they are continuing their worldwide expansion.
Investors: Kunlun Worldwide
Bio: Grindr is the world's leading matchmaking app for gay, bi or curious men to connect.
News: Grindr made a splash in the men's fashion industry recently, hosting a livestream of designer J.W. Anderson's newest collection.
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