The Los Angeles funding scene continues to exceed expectations in what is currently a tough market. LA startups raised more than $338.2 million this month, including 10 rounds over $10 million. You probably have a good guess of who's occupying the number one spot, but let's take a look at the top five rounds of March 2016.
5. , $14 million, March 22
Investors: Bridge Bank
Bio: TaskUs is an outsourcing partner for large tech companies.
News: This past winter, the company surpassed 5,000 employees and opened a new office in Australia.
4.
, $15 million, March 2
Investors: JJ Capital
Bio: The Pasadena-based 55Haitao is a shopping guide focused on helping Chinese consumers save money while shopping on US/UK online stores.
3.
, $16 million, March 22
Investors: Colchis Capital, Northgate Capital, Tamarisc and Artiman.
Bio: Based in Irvine, HomeUnion is a cash flow property investment marketplace.
News: This is the company's third round, having raised over $21 million to date.
2.
, $61.2 million, March 16
Investors: Kleiner Perkins Caufield & Byers and Sir Richard Branson
News: It's been quite a year for James Siminoff's Ring. After a $28 million Series B in August 2015, the Santa Monica company took a huge step forward with their series C news and the release of their new Video Doorbell Pro this March.
1. , $175 million, March 4
Investors: Fidelity Investments
News: Speaking of having a good year, Snapchat's strung a few of them together. The Venice-based media unicorn raised another huge round this month before unveiling their drastically updated app which is being dubbed Snapchat 2.0.
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