LA’s Top Tech Funding Rounds Totaled Nearly $500M in April
The LA tech scene closed out April with $493 million in venture capital raised from just five companies. Find out which company gained the most capital and how the funds will be allocated.
#5. $43 million, April 13
MedTrainer is a healthcare compliance software that also assists with training and onboarding. Its platform is used by more than 300,000 healthcare professionals. MedTrainer received a Series B round led by Vista Equity Partners. Funds will be used for product expansion, partnerships and recruiting for its internal team.
#4. $50 million, April 12
Studio, formerly known as Monthly, provides online courses taught by celebrities and experts. Studio raised a Series B round led by Human Capital that will go toward adding more courses and expanding its headcount. New classes by musician H.E.R. and magician David Blaine will soon be available on the platform.
#3. $90 million, April 14
Obsidian Security is a SaaS security threat and posture management platform. The company gained a Series C round co-led by Menlo Ventures, Norwest Venture Partners and IVP that will go toward adding to its go-to-market and R&D teams. Obsidian has raised $119.5 million to date.
#2. $150 million, April 12
Genies became a tech unicorn after securing $150 million led by Silver Lake. Funding will further its core technology as well as hire additional engineers. Genies allows individuals to make custom avatars and ecosystems owned by the user.
#1. $160 million, April 25
Divergent Technologies uses 3D printing to create auto parts. Divergent received $160 million in a Series C round, which will be used to fuel the production of auto parts and launch more Divergent Adaptive Production System (DAPS) factories in 2024.