These 5 LA Tech Companies Raised the Most Funding in November

Combined, these companies raised $270 million last month.

Written by Delilah Alvarado
Published on Dec. 01, 2021
These 5 LA Tech Companies Raised the Most Funding in November
Photo: Shutterstock
Photo: Shuttershock

November was a big month for LA tech. Companies across various industries raised capital, each with plans to scale and innovate.

 

#5. $26 million, November 11 

The company that allows parents to start investing in their children’s portfolio as soon as they’re born made big partnerships with PayPal and celebrities such as Laura Dern last month. Following its latest raise, UNest plans to introduce features that will enable parents to buy individual stocks and cryptocurrencies for their children. The company has raised $40 million in venture capital financing to date.  

 

#4. $28 million, November 16

Jinx is an e-commerce, direct-to-consumer superfood dog food brand that provides pets with a balanced meal. The company raised $28 million to expand its products and is backed by several celebrity investors such as Will Smith and Halsey.

 

#3. $30 million, November 24

The $30 million Series A raise will be used to accelerate the creation and innovation of electric boats. The boats made by Arc can fit a crew of 10 people with speeds up to 40 miles per hour. The boats also have extended battery life. Arc is now hiring for several roles spanning its engineering, manufacturing, marketing and recruiting teams, to name a few.

 

#2. $36 million, November 11 

AppliedVR is using virtual reality to help improve the lives of people living with chronic pain and conditions. The $36 million raised in a Series B financing round will go toward expanding its headcount, with a majority of roles available on its engineering team.

 

#1. $150 million, November 4 

Mythical Games valuation increased to $1.25 billion after a $150 million Series C funding round led by Andreessen Horowitz. Mythical is changing the gaming industry by allowing in-game asset purchases to be made via blockchains. The company also offers playable NFTs. Following the latest raise, Mythical plans to continue growing its headcount of more than 150. 

 

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