LA pulled in over $300M in funding in June. Here are the top 5 rounds.

July 1, 2016

LA welcomed in the summer with yet another big month of funding. Despite a typically slow time of year, LA startups scored big, with the top six rounds combining for $317.78 million.

 

5. Woven, $8M, June 30

Investors: WPP Ventures, Institutional Venture Partners and Advancit Capital.

Bio: Woven Digital is a media company responsible for sites like Uproxx, Hitfix, and BroBible.

News: The funding will go to scale its coverage of news, sports, and entertainment.

 

5. Loot Crate, $18.5M, June 2

Investors: Sterling.VC, Downey Ventures, Time Inc., Breakwater Investment Management, Upfront Ventures.

Bio: Loot Crate is a monthly subscription service aimed at fans who embrace a geeky lifestyle.

News: The funding is an indication that the company is expanding its subscription plans, and working to personalize what users receive each month.

 

4. The Virtual Reality Company, $23M, June 13

Investors: Hengxin Mobile Business Co., Ltd. Notable investors in VRC include Spielberg, Metallica lead singer James Hetfield, Rothenberg Ventures and Elementum Ventures.

Bio: The Virtual Reality Company is the brainchild of two-time Academy Award-winning director and visual effects maven Robert Stromberg. The startup was responsible for The Martian VR, a 20-minute interactive and fully immersive journey created for the 20th Century Fox Innovation Lab.

News: The company plans on using the funds to produce additional original virtual reality content. 

 

3. Payoff, $47.76 million, June 17

Investors: Tencent Holdings

Bio: Costa Mesa-based Payoff helps users pay off credit card debt.

News: Over time, the company hopes to build its content and financial personality quizzes to evolve into a wealth management service.

 

2. Cylance, $100 million, June 8

Investors: Iconiq Capital.

Bio: Irvine-based Cylance is the first cybersecurity software developer to apply artificial intelligence algorithms to predictively identify malware.

News: The company plans to use the funds to expand sales, marketing and engineering programs.

 

1. Thrive Market, $111 million, June 27

Investors: Invus, Cross Culture Ventures, e.ventures and Greycroft Partners.

Bio: The company offers a wide selection of healthy food for a $60 a year membership, allowing access to organic products at better prices than stores like Whole Foods.

News: The round will help the company create new branded goods, as well as expand the startup's marketing efforts.

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