Specright Raised $30M, Impact Pulled in $150M, and More LA Tech News

July 19, 2021
Specright / Facebook
photo: Specright / Facebook

There’s no shortage of tech talent on the West Coast, and several startups are on a mission to prove it after last week’s developments. Check out the latest from these beachside companies. This is the Built In LA weekly refresh.

LA ranked no. 9 in a national tech talent report. Real estate company CBRE released its “Scoring Tech Talent” report to find out which U.S. markets have the biggest talent pools, and which are experiencing the most growth. The LA/Orange County market had 228,720 people employed in tech jobs during 2020, representing 18.6 percent overall growth over the past five years. [Built In LA]

Impact got $150M. With its partnership management platform, the company helps publishers connect with brands and influencers. Impact is now valued at $1.5 billion following its latest funding round led by Qatar Investment Authority. The unicorn is putting capital toward expanding its network of partnerships and building out its suite of tools. [TechCrunch]

LA Tech Quote of the Week

“We were well on our way to a delivery-first restaurant world, but the pandemic further accelerated the shift. The past year and a half has been the most taxing period we’ve seen in restaurant history, and it has served as a reminder of the industry’s fragility.” — George Jacobs, Acelerate co-founder and CEO 

Acelerate raised $14.4M. As delivery-only ghost kitchens have been growing in popularity lately, this startup that develops software to make them happen has experienced growth of its own. Acelerate’s platform enables existing restaurants to run up to five additional brands from their kitchens. With its Sequoia Capital-led Series A, Acelerate is growing its team across engineering and product design. [Built In LA]

Specright pulled in $30M. With its software that allows businesses to manage and share supply chain data for suppliers, manufacturers and retailers, Tustin-based Specright closed on its latest round of funding to bolster its recent growth. The Series B was led by Sageview Capital and enables Specright to double its current headcount and fuel global expansion. [PR Newswire]

Endgame got $17.25M. The company closed on two funding rounds, a $5 million seed round led by Upfront Ventures and a $12.25 million Series A round led by Menlo Ventures. Endgame has built a platform that serves product-led companies and helps their sales teams determine the best customers to target. The new capital will help Endgame build out its product and add engineering and marketing talent to its team. [Built In LA]

These startups could change the game for LA tech. With their sights set on big time growth in the coming years, five early-stage Los Angeles-based companies are hard at work innovating new solutions for a variety of industries. Featured this quarter are group event planner Fanimal, farming robot creator Future Acres, virtual gifting platform Givingli, betting app Grin Gaming and video dating platform Lolly. [Built In LA]

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