Venture capital investments went to a wide array of Los Angeles tech companies last month. Companies in sectors like sports technology, agtech and music production all filled their coffers with fresh capital. Read more to find out which companies are growing after pulling in last month’s highest VC raises.
LA’s Largest Tech Funding Rounds, February 2024
- Cinq Music
- ProducePay
- Synadia
- Upwards
- StatusPro
#5. $20 million, February 5
Sports tech innovator StatusPro leverages player data as well as augmented, mixed and virtual reality to offer training and gaming solutions for coaches, players and fans. Google Ventures led a round of Series A funding for the company. StatusPro will invest the money in expanding into new sports titles, enhancing its modes and features and improving its technology.
#4. $21 million, February 15
Upwards offers a childcare network and care benefits solution, working to streamline childcare experience for caregivers and families. The company raised $21 million in Series B funding led by Alpha Edison that it plans to put toward improving its customer experience and expanding its caregiver network. To date, the company has raised $43.3 million in venture funding.
#3. $25 million, February 22
Based in San Mateo, Synadia provides an open-source, cloud-agnostic platform to help enterprises accelerate their edge applications strategy. The company announced a Series B funding round led by Forgepoint Capital to accelerate the growth of its NATS.io platform. The tool works to help companies extend their digital services to the edge.
#2. $38 million, February 5
Agtech company ProducePay wants to eliminate economic and food waste. Its platform gives growers and buyers transparency into the fresh produce supply chain. Backed by lead investor Syngenta Group Ventures for its Series D funding round, ProducePay will advance its technology and expand into Europe, Asia, Africa and Australia.
#1. $250 million, February 12
Indie record label Cinq has worked with artists like Bad Bunny, Daddy Yankee and Jason Derulo and has a catalog of more than 80,000 marquee assets. The company pulled in a new investment from GoDigital to fund the acquisition of music rights. In addition to reggaeton, música Mexicana and afrobeat, Cinq wants to establish itself as a major player in the country music genre.
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