We can't help but notice that LA's best funding rounds always seem to come in pairs. This week was no different as these two local startups grabbed a total of $35 million to expand their businesses:
Amount: $20 million
Investors: Sequoia Capital
The on-demand storage startup founded by Ari Mir and Brian Thomas netted their series B this week. This is their fifth round, and first since their $9 million series A in October, amassing over $32 million. The startup is currently in the midst of a West Coast expansion.
Amount: $15 million
Investors: General Catalyst Partners, including Lux Capital, Social Capital, TenOneTen Ventures, Bullpen Capital and the Pritzker Group.
Based in Santa Monica, Airmap operates an airspace mapping platform for drone manufacturers. The $15 million round is their series A, following their $2.6 million seed round in July 2015. The service helps drones stay clear of restricted airspace and is used by manufacturers like DJI and 3DRobotics.
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