The Los Angeles tech scene saw a diverse level of funding activity last month. Built In LA has compiled a list of the top five largest funding rounds in November for tech companies in and around LA, and the leader of the pack garnered $500 million to further advancements in interplanetary travel. Read more to find out what else we can look forward to from these startups.
#5. $33 million, November 16
The payment and lending startup offers businesses an alternative payment solution that provides financing for purchases at the point of sale via their e-commerce sites. The raise was enabled by investors including Greycroft, Bonfire Ventures and Loeb.nyc. With the new funds, Credit Key plans to continue providing small businesses with payment tools like its point-of-sale financing option.
#3 (tied). $40 million, November 23
With an investment from Provenance, underwear and loungewear brand MeUndies will be able to expand its product design, production and distribution capabilities and build its customer community by expanding internationally and with physical store locations. The company has a dedicated consumer base of Gen Z and Millennial customers, and it plans to expand its brand to new markets and channels.
#3 (tied). $40 million, November 12
The El Segundo-based startup’s platform works to simplify and streamline the complex process of closing a purchase on a home. This round, enabled by parent company First American Financial, brings Endpoint’s total funding to date to $70 million. The new funds will go toward the development of new tech features and company growth. Endpoint has positions open on its design, engineering, financial, operations, people and sales teams.
#2. $45 million, November 24
As the world has largely gone remote, the Santa Barbara-based healthtech platform works to ensure patients can communicate across multiple languages with their healthcare providers along every step of the care process. With the new Series C funding, led by investor Lead Edge Capital, the company plans to invest in product R&D as well as increase its headcount with remote positions available.
#1. $500 million, November 23
With a mission to send the world’s first 3D-printed rocket to Mars, the company has been busy furthering product development of its vehicle. With the funding from its Series D round led by Tiger Global Management, Relativity plans to accelerate its planned initiatives and improve its tech, including its original 3D metal printers. The company is also conducting a hiring push to fill positions across its offices with positions available in software development, engineering, recruitment, sales and marketing and more.
