In April, the top five LA funding rounds raised a total of $98 million. FaZe Clan led the pack with its $40M Series A. Read on for more details about the month’s biggest fundings in LA tech.
#5. $8 million, April 30
The podcast network features shows created by and for women. It currently hosts over 40 podcasts. Magnet Companies led the funding round.
#4. $10 million, April 28
The gym management software startup joined many in pivoting their strategy due to the pandemic. It created a platform that allows gyms and studios to deliver live and on-demand workouts to its customers. This additional funding, an addition to its Series A, brought its total capital raised to $20 million.
#3. $13.2 million, April 28
The electric charging startup for vehicles makes money by owning and operating charging infrastructure. Soros Fund Management and Siemens led the funding round. Amply plans to use the money to hire and expand its current deployments.
#2. $27 million, April 16
Movandi makes hardware and infrastructure for 5G networks. WRVI Capital led the Series C round. It plans to use the funds to continue to build and deploy infrastructure for 5G networks and to grow its team.
#1. $40 million, April 9
The e-sports company recruited top competitors to play some of the most popular competitive video games, gaining millions of subscribers. Music industry executive Jimmy Iovine and video commerce platform NTWRK led the Series A round. The funds will support its expansion and continued player acquisition.
