Companies across five different sectors rounded out the first quarter of the year with LA’s largest venture funding rounds. From audio entertainment to climate-friendly innovations, check out what these West Coast innovators are building.
Largest LA Tech Funding Rounds, March 2024
- Pocket FM
- CarbonCapture
- Liquid Death
- MoeGo
- Binarly
#5. $10.5 million, March 27
Cybersecurity company Binarly is building an AI-powered solution that will help security teams better identify and mitigate various security issues that affect the firmware and software supply chain. The company pulled in a $10.5 million round of funding that it plans to put toward developing protective solutions for vulnerabilities in open-source code. Two Bear Capital led the round.
#4. $24 million, March 7
MoeGo serves pet care businesses, offering a platform to help them streamline operations, improve customer service and grow their businesses. Base10 Partners led a $24 million round of Series A funding for MoeGo that will help the company expand its team and product.
#3. $67 million, March 11
Canned beverage company Liquid Death, known for its tall cans of mountain water, recently closed a $67 million round of venture funding from investors including SuRo Capital and Live Nation Entertainment. Valued at $1.4 billion, Liquid Death is investing in nationwide distribution and product innovation. The company aims to launch new sparkling water and iced tea flavors this spring.
#2. $80 million, March 12
CarbonCapture develops and deploys direct air capture machines that work to remove large amounts of carbon dioxide from the atmosphere. The company raised $80 million in Series A funding from lead investor Prime Movers Lab to fuel technology development and early installations of its modular systems.
#1. $103 million, March 20
Audio entertainment solution Pocket FM provides series storytelling with content personalization for listeners. The company pulled in a round of Series D funding led by Lightspeed that it plans to put toward growing its global footprint, expanding its content library and advancing its generative AI initiatives for automation, content curation and more.
