March saw big venture capital moves in Los Angeles, with the top five funding rounds netting a combined total of over $1 billion. The No. 1 spot belongs to Quibi, with a giant $750 million round raised ahead of its April 6 launch. Read on for the details on last month’s top LA venture capital fundings.
#5. $10 million, March 5
The provider of pizza vending machines offers three different pizza flavors. It aims to launch fully in Q3 of 2020. With the funding, it plans to launch its pilot program in several states, like Texas, California and Kansas.
#4. $15 million, March 3
It’s building VR and AR experiences for workplace training and learning. Cornerstone OnDemand led the Series B, which brought its total capital raised to $20 million. With the funds, it plans to add VR content and invest in R&D.
#3. $50 million, March 9
CapitalG led the Series B round. Albert created a platform that tracks how much users make and spend, and also helps users lower their bills and put money into savings. It plans to reach more users with the new funding.
#2. $200 million, March 21
The mobile gaming company is know for titles such as Star Trek Fleet Command. Advance and The Chernin Group led the Series D extension, which follows the original round (for the same amount) from last October. It’ll use the new funds to expand its game portfolio and conduct more mergers and acquisitions.
#1. $750 million, March 5
Quibi tops the list this month with a massive round, bringing its total funding to $1.75 billion before it has even launched. It’s a mobile-first, star-studded video streaming platform, featuring shows that are no more than 10 minutes long. It plans to launch on April 6.
