The biggest LA equity funding rounds in May totaled $451.5 million combined. Apeel Sciences took the top spot with its massive $250 million round. Below you can find more details on each of this month’s top fundings.
#5. $15 million, May 27
The furniture rental startup plans to expand into new markets and hire new employees. Khosla Ventures led the Series A round. It’s seen a 300 percent increase in orders for office items due to the pandemic.
#4. $20.5 million, May 5
The platform can scan a customer’s assets and provide alerts about potential security risks. GGV Capital led the Series A round. It aims to double its employee headcount and accelerate growth.
#3. $36 million, May 12
Its platform brings all the pieces of a maintenance request to one app. Insight Partners led the Series B. With the funds, it plans to innovate its product and hire across all departments.
#2. $130 million, May 21
The online-only bank aims to help its customers be more socially conscious and environmentally friendly. Alpha Edison led the Series C round. It plans to use the funds to grow its services and product offerings.
#1. $250 million, May 26
The company adds an additional protective layer of peel to fresh produce to slow down decay. GIC led the funding round, which helped the company achieve unicorn status. It’ll use the money to expand in Sub-Saharan Africa, and Central and South America.
