LA tech added $1.2B in fresh funding this June. Here were the biggest rounds

by John Siegel
June 29, 2018

With half of 2018 in the books, LA tech looks to be on pace to match the fundraising successes of 2016 and 2017. Following a month that saw the local tech scene bring in more than $380 million, businesses secured a massive $1.2 billion this June.

Here are the top fundings we saw:

 

scopely mobile gaming startup los angeles california
photo via scopely

5. $100 million, June 19

Scopely, a mobile game developer that has produced some of the most popular games on the App Store, closed a $100 million round of funding nearly a year to the day after finalizing its Series C. Founded in 2011, the Culver City company has raised $258 million to date.

 

cylance irvine cybersecurity startup california
photo via shutterstock

4. $120 million, June 19

Orange County cybersecurity startup Cylance finalized a $120 million Series E to bring its total fundraising to $297 million. Headquartered in Irvine, the five-year-old company achieved unicorn status in June 2016.

 

the honest company jessica alba e-commerce startup los angeles
photo via shutterstock

3. $200 million, June 7

The Honest Company, a consumer goods startup co-founded by actress Jessica Alba, secured a $200 million investment early in the month to develop new products and expand its supply chain and global reach. Founded in 2012, the company tapped Connecticut-based equity firm L Catterton to lead the round.

 

ust global IT startup aliso viejo
photo via shutterstock

2. $250 million, June 27

Orange County-based IT and digital services company UST Global joined the Southern California unicorn club on June 27 when it raised $250 million from Singaporean investment firm Temasek. Founded in 1998, the Aliso Viejo company provides clients with data analytics, cloud consulting, product engineering and cybersecurity solutions.

 

bird santa monica scooter startup
photo via bird

1. $300 million, June 28

Venice-based Bird, a dockless electric scooter startup, made big headlines in the waning days of June after it announced the closing of a $300 million Series C. The news comes just a few months after closing its Series A and B rounds. Founded in 2017, the company is in the midst of a nationwide expansion to offer cities a new last mile solution. The round brings Bird's total funding to $415 million.

 

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