These 5 LA Tech Companies Raised Over $174M in June

by Anna Holmquist
July 1, 2020
los angeles
Photo: Shutterstock

In June, the biggest funding rounds in LA tech raised a combined total of $174.7 million. Pipe led the way with its $60 million seed funding round. Read on for the details on each of last month’s top funding rounds for LA tech companies.


#5. $15 million, June 16

Its cybersecurity platform protects against cloud breaches. It emerged from stealth in February, and so far has raised a total of $19.1 million, including this Series A. With the funds, it’ll hire and advance its product roadmap.


#4. $22 million, June 30

Scalefast is a company that helps brands create an e-commerce presence and sell their products directly to consumers online. Its Series B funding will be used to expand its team and footprint. The company also will invest the capital to develop more features for its platform.


#3. $30 million, June 10

It develops, monetizes and distributes virtual concerts. Maveron led the Series B, along with participation from high-profile investors like baseball star Alex Rodriguez and music exec Scooter Braun.


#2. $47.7 million, June 11

The financing is an extension to its Series C in February, which raised $93 million. Founded in 2010, this brought its total raised to around $216 million. The mindfulness and meditation app will continue investing in Headspace for Work and growing its DTC business.


#1. $60 million, June 24

Its platform helps provide an immediate payout to SaaS companies so they don’t have to wait a year or longer for payment on large contracts. The new funding is an extension to its seed funding round, which raised $6 million four months ago. The company was founded in September of 2019 and just launched in February.

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