LA pulled in over $300M in funding in June. Here are the top 5 rounds.

by John Siegel
July 1, 2016

LA welcomed in the summer with yet another big month of funding. Despite a typically slow time of year, LA startups scored big, with the top six rounds combining for $317.78 million.

 

5. Woven, $8M, June 30

Investors: WPP Ventures, Institutional Venture Partners and Advancit Capital.

Bio: Woven Digital is a media company responsible for sites like Uproxx, Hitfix, and BroBible.

News: The funding will go to scale its coverage of news, sports, and entertainment.

 

5. Loot Crate, $18.5M, June 2

Investors: Sterling.VC, Downey Ventures, Time Inc., Breakwater Investment Management, Upfront Ventures.

Bio: Loot Crate is a monthly subscription service aimed at fans who embrace a geeky lifestyle.

News: The funding is an indication that the company is expanding its subscription plans, and working to personalize what users receive each month.

 

4. The Virtual Reality Company, $23M, June 13

Investors: Hengxin Mobile Business Co., Ltd. Notable investors in VRC include Spielberg, Metallica lead singer James Hetfield, Rothenberg Ventures and Elementum Ventures.

Bio: The Virtual Reality Company is the brainchild of two-time Academy Award-winning director and visual effects maven Robert Stromberg. The startup was responsible for The Martian VR, a 20-minute interactive and fully immersive journey created for the 20th Century Fox Innovation Lab.

News: The company plans on using the funds to produce additional original virtual reality content. 

 

3. Payoff, $47.76 million, June 17

Investors: Tencent Holdings

Bio: Costa Mesa-based Payoff helps users pay off credit card debt.

News: Over time, the company hopes to build its content and financial personality quizzes to evolve into a wealth management service.

 

2. Cylance, $100 million, June 8

Investors: Iconiq Capital.

Bio: Irvine-based Cylance is the first cybersecurity software developer to apply artificial intelligence algorithms to predictively identify malware.

News: The company plans to use the funds to expand sales, marketing and engineering programs.

 

1. Thrive Market, $111 million, June 27

Investors: Invus, Cross Culture Ventures, e.ventures and Greycroft Partners.

Bio: The company offers a wide selection of healthy food for a $60 a year membership, allowing access to organic products at better prices than stores like Whole Foods.

News: The round will help the company create new branded goods, as well as expand the startup's marketing efforts.

Images via Facebook

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

Jobs from companies in this blog2 open jobs
All Jobs
Marketing
Operations
Operations
new
Thrive Market
Marina Del Rey & Playa Vista
Marketing
new
Thrive Market
Marina Del Rey & Playa Vista

Los Angeles startup guides

LOCAL GUIDE
Best Companies to Work for in Los Angeles
LOCAL GUIDE
Best Software Engineer Jobs in Los Angeles
LOCAL GUIDE
Coolest Tech Offices in Los Angeles
LOCAL GUIDE
Best Sales Jobs in Los Angeles
LOCAL GUIDE
Best Perks at Los Angeles Tech Companies
LOCAL GUIDE
Best Marketing Jobs in Los Angeles
LOCAL GUIDE
Your Guide to Virtual Reality Tech in Los Angeles
LOCAL GUIDE
Your Guide to Media Tech in Los Angeles