A busy week in LA tech saw four local startups combine to raise $80 million in funding. Here’s who got paid.
On-demand storage service Clutter closed the company’s Series C yesterday, bringing in a whopping $64 million as the company also announced it would be launching operations to Chicago. In addition to the expansion news, the startup plans to grow its team in its Culver City headquarters. Since raising its seed round back in 2015, the startup has expanded to Los Angeles, San Francisco, New York, New Jersey, San Diego and Seattle. [Built In LA]
Newport Beach-based Obsidian Security didn’t waste any time in raising the company’s first round of funding. Founded way back in April (as in two months ago), the company is composed of a handful of former Cylance executives.This week, the company announced it had received $9.5 million in a round of funding led by Greylock Partners. [OC Register]
Boasting dual headquarters in LA and NYC, Sure, an insurance tech startup that provides multiple insurance products for consumers, announced the closing of the company’s $8 million Series A funding this week. The company also announced the launch of its “Smartphone Protection” product — something we all probably wish we had that one time we dropped our phone in the pool/bounced it off the sidewalk/lost it on a shuttle to the Hollywood Bowl. The round of funding was led by IA Capital with participation from Menlo Ventures, FF Venture Capital, Nationwide Ventures, Assurant and AmTrust. [Built In NYC]
SmartLabs, the parent company of smart home brands Insteon and Smarthome, had two big stories to report this week. The Irvine-based startup revealed it had been acquired by Richmond Capital Partners for an undisclosed sum, but also reported that the private investment firm had invested $7.3 million into the company. It will keep its headquarters in Irvine butwill add a development office in Seattle. [Orange County Business Journal]
Yumi, a new LA startup that offers organic baby food subscriptions, announced it had raised a $4.1 million seed round of funding this week. The cash came from August Capital, Brand Foundry, New Enterprise Associates (NEA), in addition to angel investors Hugo Barra, Ali Partovi, Philip Krim and Matt Mullenweg. For $50 a week, the startup delivers organic, plant-based baby food for all the little vegans running around LA. [Tech Crunch]
Pasadena-based Episona, which develops a male fertility testing product that uses data to examine DNA for risk factors related to male fertility, closed a $4 million round of funding this week. The company plans to use the influx of capital to increase sales and marketing and commercial expansion of the product. [Press Release]
See Jane Go, a Laguna Hills-based startup that operates a rideshare service for women, by women, announced it had received $2.47 million this week. Though the company currently operates in Orange County and Long Beach, the money will help them expand operations to the rest of Southern California. [SoCal Tech]
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