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.

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