LA raised over $330M in March: Here are the top 5 rounds

by Patrick Hechinger
April 1, 2016

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.

Snap LA is located in the Santa Monica Business Park. We're across the street from a ton of great restaurants, coffee shops, Clover Park, and more!
, $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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