The 5 largest reported fundings in LA in April

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Published on May. 04, 2015

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Patch of Land: $23.6M

Patch of Land announced it closed a $23.6 million Series A round on April 8. The Los Angeles company serves as an online hub for crowdfunded real estate loans. SF Capital Group led the round, and Prosper Marketplace President Ron Suber contributed.

 

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Gawk: $15M

Gawk is an innovator of digital Internet-related technology designed to meet the needs of modern consumers, businesses and enterprises globally. The company provides a platform and interactive social network for artists to capitalize on their creativity through the Gawk self-service model of Post, Price and Promote. The raise was made public on April 15.

 

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Mojix: $14M

Mojix, the global leader in wide area sensor networks, announced the completion of its $14 million Series D financing round on April 6. OMERS Ventures, the venture capital arm of the OMERS pension fund, led the round. Mercury Ventures, as well as all previous investors, also participated in the round.

 

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Reformation: $12M

Fashion and sustainability are the goals of Reformation. The company designs and manufactures limited-edition collections, sustainable clothing in their own LA-based factory. By cutting out the middleman and selling online and in their own boutiques, they're eliminating traditional retail markups. This recent funding round was released April 3. 

 

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AssetAvenue: $11M

AssetAvenue, the Los Angeles-based peer-to-peer online lending platform for commercial real estate, announced April 7 it raised an $11 million Series A round. Silicon Valley-based DCM Ventures led the round, and NetEase and Matrix Partners — leaders of the startup’s $4 million seed round — contributed to the round, as well. Ron Suber, president of online consumer loans lender Prosper, and a “small handful of together strategic investors from the finance and technology community” round out the investor list, CEO David Manshoory said.
 
 
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