With half of 2018 in the books, LA tech looks to be on pace to match the fundraising successes of 2016 and 2017. Following a month that saw the local tech scene bring in more than $380 million, businesses secured a massive $1.2 billion this June.
Here are the top fundings we saw:
5. $100 million, June 19
Scopely, a mobile game developer that has produced some of the most popular games on the App Store, closed a $100 million round of funding nearly a year to the day after finalizing its Series C. Founded in 2011, the Culver City company has raised $258 million to date.
4. $120 million, June 19
Orange County cybersecurity startup Cylance finalized a $120 million Series E to bring its total fundraising to $297 million. Headquartered in Irvine, the five-year-old company achieved unicorn status in June 2016.
3. $200 million, June 7
The Honest Company, a consumer goods startup co-founded by actress Jessica Alba, secured a $200 million investment early in the month to develop new products and expand its supply chain and global reach. Founded in 2012, the company tapped Connecticut-based equity firm L Catterton to lead the round.
2. $250 million, June 27
Orange County-based IT and digital services company UST Global joined the Southern California unicorn club on June 27 when it raised $250 million from Singaporean investment firm Temasek. Founded in 1998, the Aliso Viejo company provides clients with data analytics, cloud consulting, product engineering and cybersecurity solutions.
1. $300 million, June 28
Venice-based Bird, a dockless electric scooter startup, made big headlines in the waning days of June after it announced the closing of a $300 million Series C. The news comes just a few months after closing its Series A and B rounds. Founded in 2017, the company is in the midst of a nationwide expansion to offer cities a new last mile solution. The round brings Bird's total funding to $415 million.
