February proved to be a busy month for the LA tech scene, as fresh funding came in, valuations rose and growth is underway. Keep reading to see which local companies raised the largest local funding rounds last month, and to learn what they have in store for the Silicon Beach.
#5. $40 million, February 15
FitOn is a fitness platform that provides premium workouts from celebrities and trainers. The LA company gained $40 million in new funding and also acquired Peerfit, a corporate health and wellness platform. The acquisition will provide engaging fitness plans for Medicare recipients and employees.
#4. $40 million, February 2
Stoggles, a Pasadena D2C company making stylish safety goggles, received a growth investment of $40 million from The Chernin Group. Stoggles plans to have a team of up to 40 this year and will hire across a few internal departments.
#3. $50 million, February 8
Happy Money wants to provide happiness through its loans and financial tools used to pay off and manage credit card debt. The Tustin company gained its horn after a $50 million Series D-1, bringing its valuation to $1.1 billion. The funding raised will go toward expanding its product suite and growing the team.
#2. $119 million, February 1
MNTN is the connected television (CTV) advertising platform allowing advertisers to purchase ad time and measure and record performance. The Culver City-based company raised a Series D round co-led by BlackRock and Fidelity Management that will let the company continue to invest in its platform and grow its team.
#1. $200 million, February 16
Spotter helps YouTubers create and grow their brand through a cash exchange for licensing new or old content. The LA-based company raised $200 million in a Series D round led by SoftBank Vision Fund 2. The round will allow Spotter to invest $1 billion in its partners and provide funding for the production of content.
