Top LA Companies that are leading the Funding Game

By StartUp City | Wednesday, March 27, 2019

Los Angeles-based NEXT Trucking is a venture-based tech startup that aims to build the country’s largest virtual fleet. The firm has bagged $97 million in Series C Funding. The three-year-old startup has managed to raise four previous funding rounds which included a $21 million in Series B round in 2018.

The total funding raised by Los Angeles companies in software over the past month is $204 million. The local software industry has witnessed 130 funding rounds over the past year, yielding a total of $752 million in venture funding.

Subscription fashion service FabFitFun announces an $80 million Series A funding round led by Kleiner Perkins. The company’s fast-growing subscription service reaches thousands of women in the US and Canada, and its editorial content, videos, and social posts entertain millions of women around the world each month. The company was established in 2010 and is backed by Upfront Ventures, New Enterprise Associates, and Simon Venture Group. They also raised a $3.5 million seed round in 2015.

Cybersecurity firm, Signal Sciences raised $35 million in Series C Funding led by Lead Edge Capital. The company claims that it secures the essential web applications, APIs, and microservices of the world’s leading companies. With their award-winning WAF and RASP solution, Signal Sciences safeguards 10,000 apps and over a trillion production requests every month. The company affords a patented architecture that provides organizations with comprehensive and scalable threat protection and security visibility. It last raised $15 million in Series B funding in 2017.

Furniture and Inter design company, Fernish raised $30 million in Series A funding by RET Ventures. They create flexible and inspired home experience for an increasingly mobile society. They let individuals choose the home furnishings, and for however long they want them for one monthly subscription price. Fernish’s previously raised was a seed funding in 2018.

Rounding the city’s recent top local funding events, HR Company Vangst raised $10 million in a Series A round. The company connects thousands of professionals with careers in cannabis. Through modern technology and a world-class unit, Vangst supplies the cannabis industry with the best talent they need to grow their business. The firm previously raised $2.5 million in seed funding in 2018.