Last week’s LA tech updates includes a little bit of everything: new unicorns, new startups, and even news from Rihanna. This is the Built In LA weekly refresh.
Five startups to watch in LA. Built In LA just launched its first edition of The Future 5, a quarterly selection of promising LA startups to watch. Featured in this round were NFT display company Danvas, SaaS company Cinapse, the GoDisco social app, healthtech company Kiira Health and smart homes manufacturing company Roombus. [Built In LA]
Savage X Fenty gained $125M. Rihanna’s popular lingerie brand Savage X Fenty raised $125 million in a Series C round led by Neuberger Berman. The funding round comes after the brand just opened its first brick-and-mortar store in Las Vegas. A total of 10 stores will be open by the end of the year. The funding will help the brand take off by opening more retail stores as well as launching new product lines and expanding its reach overseas. [Built In LA]
LOS ANGELES TECH QUOTE OF THE WEEK
Route gained its horn. Route makes it easier for consumers to track the location of your in-transit purchases more easily. Using AI, the app aggregates all online purchases to provide its users live updates on shipping time and location. Route raised a $200 million Series B round bringing the company into unicorn status with a $1.25 billion valuation. The company plans to launch new products as well as double the size of its LA team with 56 positions currently open. [Built In LA]
PortalOne raised $60M. PortalOne is a game developer with a hybrid gaming platform, allowing live broadcast shows to be embedded in video games. The company raised a $60 million Series A led by big-name investors like TQ Ventures and Tiger Global. The funding will allow the international team to expand into LA. PortalOne is U.S.-based but has a subsidiary in Norway. Eleven positions are currently available and remote-friendly. [Built In LA]
SerivceTitan reportedly filed for IPO. Glendale-based ServiceTitan appears to be moving ahead with plans to go public. The company provides a software platform to help entrepreneurs grow their businesses across a range of service industries. ServiceTitan currently has 80 positions open spanning across all services including engineering, data and marketing. The company announced a $500 million funding round last spring. [dot.LA]
