The West Coast is well-known for delivering innovations in gaming, climate technology and blockchain. Last month, companies in each of those sectors secured notable venture funding raises to develop their solutions. Read on to learn more about the local companies investing in growth.
Top LA Tech Funding Rounds, January 2024
- Second Dinner
- Bloom Nutrition
- Polymer Labs
- Sway
- Haven Energy
#5. $7 million, January 30
Backed by a round of Series A funding from lead investor Giant Ventures, Haven Energy plans to expand into new markets and launch a platform for selling home battery storage at scale. Haven Energy specializes in helping homeowners integrate eco-friendly energy storage solutions into their homes.
#4. $19.6 million, January 30
Sway developed a logistics platform that helps e-commerce businesses offer customer-centric delivery and return services. The company, recently rebranded from Returnmates, pulled in $19.5 million in a Series A spearheaded by 7GC. Active in 20 U.S. cities, the money will go toward expanding Sway’s coverage into five more major cities across the country.
#3. $23 million, January 23
Blockchain Capital, Maven 11 and Distributed Global co-led a Series A round of funding for Polymer Labs. The blockchain company will invest in developing a layer 2 network to power an Ethereum-based interoperability hub. Its goal is to counteract challenges of interoperability resulting from the proliferation of layer 2s.
#2. $90 million, January 17
Venice-based Bloom Nutrition is a health and wellness company offering dietary supplements for people leading active lifestyles. Its products are available for sale through e-commerce marketplaces like Amazon and in-person retailers like Walmart and Target. Bloom Nutrition’s fresh capital from Nutrabolt will go toward fueling product innovation and expanding its internal capabilities.
#1. $100 million, January 8
Griffin Gaming Partners led a round of Series B funding from Second Dinner, the gaming studio behind the title MARVEL SNAP. Second Dinner’s fresh capital will help the company develop new titles, incubate original IP and fuel MARVEL SNAP’s continued growth. The company also plans to hire new talent.
