The electric vehicle space continues to prosper on the West Coast, and two companies in the sector secured some of the highest raises in Los Angeles last month. Learn how these companies and others plan to fuel growth following their most recent capital raises.
Top LA Tech Funding Rounds, September 2023
- VideoAmp
- Arc
- Bold
- Evolectric
- Kindo
#5. $7 million, September 5
Kindo helps businesses integrate AI into their workflows. The company secured a round of seed funding from lead investor Riot Ventures to support the launch of its solution. Kindo’s platform integrates with more than 200 SaaS products and lets companies choose the AI models that best suit their needs. They can also manage the flow of data in and out of AI systems.
#4. $15 million, September 12
Backed by Seismic Capital for its $15 million financing round, Evolectric will further its work to electrify trucking fleets. Its electrification and battery tech works to convert gas-powered commercial fleets to EVs. The company is targeting 10,000 vehicle conversions a year by onboarding 100 garages and converting 100 vehicles at each one.
#3. $17 million, September 12
Equipped with a fresh round of Series A funding from lead investor Rethink Impact, Bold plans to expand its healthy aging platform. The company’s solution provides personalized exercise programs for Medicare members to help prevent falls, reduce musculoskeletal pain and increase physical activity. The company will expand national and regional Medicare plans and provider groups and further the growth of its exercise offerings.
#2. $70 million, September 27
Electric boat manufacturer Arc recently released the Arc One, an advanced electric watercraft. Next, it’s planning to branch out into the water sports category. It’s backed by a new round of funding, a Series B from investors including Eclipse, Andreessen Horowitz and Lowercarbon Capital to help it fuel this upcoming growth initiative.
#1. $150 million, September 13
Operating an advertising tech solution, VideoAmp aims to help marketers more effectively measure and optimize for today’s fragmented audiences. The company secured a $150 million Series G funding round from lead investor Vista Credit Partners to continue supplying its clients with data and software to help them plan, optimize and measure their media investments.
