Anchored by SpaceX, LA tech startups raised nearly $600M in July

Written by John Siegel
Published on Aug. 01, 2017
Anchored by SpaceX, LA tech startups raised nearly $600M in July

Building on a strong month of fundraising in June, LA tech companies once again did not disappoint in July. Anchored by space exploration company SpaceX, startups in LA and Orange County collectively raised more than $570 million during the month.


5. Impact Health, $13 million, July 17

Bio: Techstars alum Impact Health uses data to help businesses, their employees and just about anyone make sense of their health care plans, setting them up with the plans they need.

News: Based on news of explosive growth, the Pasadena-based startup was able to secure its Series A from Techstars Venture Capital Fund and Foundry Group. The company expects to have more than 350,000 customers by the end of 2017 — and one million by 2020.


4. Ephesoft, $15 million, July 11

Bio: Ephesoft is a Laguna Hills-based startup that develops document capture and analytics solutions.

News: With an eye toward accelerating product development and expanding operations, the startup tapped Utah-based Mercato Partners to lead its $15 million Series A round. Joe Kaiser of Mercato will also join Ephesoft's board of directors.


3. Cinq Music, $25 million, June 21

Bio: Headquartered in Santa Monica, Cinq Music is a tech-focused music distribution and rights management services provider.

News: Founded back in 2012, Cinq secured its Series B from GoDigital Media Group, which also made a strategic investment in the company in 2015. The company plans to use the funds to spearhead their international expansion efforts.


2. Within, $40 million, July 27

Bio: Within is a VR media company founded by noted music video director Chris Milk and former Google employee Aaron Koblin.

News: Now up to $52.6 million in funding to date, the company — which was formerly known as Vrse — chose Emerson Collective and Temesek Holdings to lead its Series B. The two funds join 21st Century Fox and Andreessen Horowitz as investors in the Venice-based company.


1. SpaceX, $350 million, July 26

Bio: The jewel of Hawthorne, SpaceX is an Elon Musk venture focused on space exploration and transportation.

News: Adding to its $1 billion funding to date, SpaceX closed the monster private equity funding at a $21 billion valuation, making it the most valuable private tech company in Los Angeles County.


Images via social media and Shutterstock.

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