Several LA tech companies rounded out Q3 flush with capital. Five companies spanning sectors like healthcare, Web3 and cybersecurity pulled in September’s largest rounds. Totaling just shy of $1 billion, find out what innovations last month’s venture funding rounds are powering.
Largest LA Tech Funding Rounds, September 2022
- Triller
- ACELYRIN
- LootMogul
- Bitwarden
- Kate Farms
#5. Kate Farms: $75 million, September 19
Santa Barbara-based Kate Farms develops plant-based medical formulas for children and adults, meant to be a nutritional source for oral or tube feeding. The health-focused company pulled in a Series C round led by Novo Holdings. With the fresh capital, Kate Farms wants to develop more products, enter new markets and further serve patients and healthcare providers with its solutions.
#4. Bitwarden: $100 million, September 6
Helping people combat password theft, Bitwarden developed an open-source solution to help users store their sensitive data on any device. Serving both enterprises and individuals, Bitwarden is building out its tools and features following a $100 million capital raise led by PSG. Its platform’s capabilities span credential autofill, password generation, password strength scoring and more.
#3. LootMogul: $200 million, September 16
The Santa Monica-based company wants to use Web3 to make sports fans’ dreams come true. Its influencer-focused platform allows professional athletes and brands to create stadiums, training studios and more in the metaverse where they can engage with fans. The company is building more than 200 virtual sports cities with its latest injection of capital led by GEM.
#2. ACELYRIN: $300 million, September 13
ACELYRIN works to develop and commercialize drugs for medicinal purposes. The biopharmaceutical company pulled in Series C capital led by Access Biotechnology for its treatment technology. The fresh funding will fuel the next development phase for selective antibody inhibitor izokibep, which is used to treat conditions including psoriatic arthritis.
#1. Triller: $310 million, September 29
Operating an AI-powered open garden for influencers to post their content created across different social media platforms, Triller secured a $310 million investment from GEM for 36 months following its public common stock listing. The company can use as much of the capital as it likes and plans to invest in making additional acquisitions as it enhances its creator-focused solution.
