These 5 LA tech companies raised May's largest rounds

by John Siegel
June 4, 2018

In another stellar month for tech fundraising, local startups collectively raised more than $380 million in May — with the top five rounds accounting for $231 million alone. Here are the top fundings from last month.


Rival los angeles movie ticketing company
photo via Shutterstock

5. $30 million, May 4

Former Ticketmaster CEO Nathan Hubbard is back on the LA tech scene after spending a few years in a leadership role at Twitter. His latest venture, Playa Vista-based ticketing startup Rival, emerged from stealth early in the month, revealing a $30 million round of funding from several big-name investors. Andreessen Horowitz and Upfront Ventures led the round, which also saw participation from Slack CPO April Underwood, Twitter CEO Dick Costolo and Stripe co-founders Patrick and John Collison. [Built In LA]

Recommended: Tour the Coolest Tech Offices in Los Angeles

soothe on-demand massage startup los angeles las vegas
photo via soothe

4. $31 million, May 2

On-demand massage startup Soothe's $31 million Series C at the outset of the month came with some interesting logistic moves for the five-year-old startup. In addition to co-founder Merlin Kauffman stepping down as CEO, to be replaced by CFO Simon Heyrick, the company announced it would be moving its headquarters to Las Vegas — though it will maintain its LA presence. [Built In LA]


acorns fintech startup orange county los angeles
photo via built in la

2. $50 million, May 9

Acorns, which allows users to invest spare change automatically to a diversified portfolio managed by professionals, quietly raised $50 million in funding in May to build out its portfolio stack with new investment options. The Irvine-based company chose financial planning and investment management firm BlackRock to lead the round. [Built In LA]


cloudvirga orange county real estate software startup
photo via cloudvirga

2. $50 million, May 16

Cloudvirga, a real estate tech startup that offers a digital mortgage point-of-sale software, closed a big Series C, bringing in $50 million in a round led by Riverwood Capital that also saw participation from Upfront Ventures. Since launching in mid-2016, the Irvine-based company has raised $77 million in funding. [Press Release]


muzik los angeles e-commerce startup luxury headphones
photo via shutterstock

1. $70 million, May 4

West Hollywood-based consumer electronic brand Muzik made waves in early May, closing a $60 million round of funding from a star-studded cast of inventors. Contributing to the round were Francois-Henri Pinault, Michael Jordan, Ndamukong Suh, Drake, Kevin Hart and Tony Robbins, all of whom will act as brand ambassadors. [Built In LA]


Jobs from companies in this blog

Los Angeles startup guides

Best Companies to Work for in Los Angeles
Coolest Tech Offices in Los Angeles
Best Perks at Los Angeles Tech Companies
Women in Los Angeles Tech