The LA tech scene pulled in some significant venture capital funding over the course of last month. Read on to find out what new investments await across industries from high fashion to aerospace.
#5. $50 million, February 24
Aiming to help e-commerce businesses up their revenue, Emotive provides them with an AI-powered messaging platform for their customers. Its solution also incorporates human interaction to further conversation. The company raised a CRV-led Series B round that it plans to invest in accelerating its go-to-market strategy and expanding its product.
#4. $52 million, February 3
This Marina Del Rey company is taking an alternative approach to security deposits by favoring the option of lease insurance. Its AI-enabled platform finds the best insurance coverage for renters. LeaseLock secured $52 million in Series B capital from investors including Westerly Winds and Wildcat Venture Partners, and it’s putting the funds toward developing new products and growing its business.
#3. $57 million, February 16
With what the company refers to as a “licensing infrastructure for the internet,” Pex is working to ensure that rightsholders of copyrighted material are properly compensated when their content is used. With $57 million in financing from investors including Tencent, Pex is planning to scale its Attribution Engine tool as it works to bring transparency to the digital world.
#2. $115 million, February 10
The pop icon Rihanna’s high fashion brand pulled in $115 million in a Series B led by L Catterton. The El Segundo-based company is now increasing its focus on lingerie rather than ready-to-wear clothing articles, and it’s also looking to expand its cosmetics lines Fenty Beauty and Fenty Skin. After this funding round, Fenty X Savage has reached a valuation of over $1 billion.
#1. $850 million, February 16
Now with a valuation of just about $74 billion, Elon Musk’s Hawthorne-headquartered aerospace company is moving to further company plans. These include building an internet network with thousands of satellites, a project called Starlink, as well as the launch of its Starship rocket that’s still in the prototype phase. SpaceX raised the equity funding at $419.99 a share.
