LA’s Top Tech Funding Rounds Totaled $760M in March
It’s no surprise that LA tech companies raked in notable investments last month to further innovate across several industries. Read on to find out what these companies are up to next and who’s hiring.
#3 (tied). $100 million, March 30
Collectors brought its valuation to $4.3 billion after raising a $100 financing round from existing investors. Collectors provides authentication and grading services for alternative asset investors and hobbyists, such as card and coin collectors. The fresh capital will help the company grow its business and technology, as well as hire more talent.
#3 (tied). $100 million, March 22
The banking app backed by Mark Cuban raised $100 million from FTX Ventures. The funding will allow LA-based Dave to explore crypto options and hire additional people to join its team.
#3 (tied). $100 million March 15
The Series A round led by Insight Partners will allow Snappt to continue to scale after experiencing record growth last year. Snappt helps landlords detect any fraud within rental applications, specifically on pay stubs and bank statements.
#2. $160 million, March 3
Santa Monica-based thatgamecompany raised $160 million led by TPG. This capital will be used to turn its game Sky: Children of Light into a theme park in the metaverse. The gaming studio plans to expand its team to more than 150 people and is actively hiring for engineers and marketing professionals.
#1. $300 million, March 9
The Irvine-based company is the city’s newest tech unicorn following its Series F round. Led by TPG, this round brought Acorns valuation to $1.9 billion. Acorns is a savings and investing platform. The company will the Series F round to increase portfolio personalization and explore crypto options.
