Check out which Los Angeles startups and tech companies raised money this week.
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Los Angeles startups are starting off strong in March with a handful of early-stage funding rounds.
From a sneaker brand with pro athlete investors to a venture-backed insurtech platform, the city's entrepreneur show no indication of slowing down.
Keep scrolling for a look at which L.A. startups and tech companies raised money this week:
- Insurtech startup Counterpart, based in Los Angeles, raised a $30 million Series B round led by Dubai-based venture firm Vy Capital with participation from Valor Equity Partners and Felicis Ventures. Counterpart's platform provides small businesses with management liability insurance.
- L.A. tech company DNABlock, a developer of publishing tools for NFTs, landed a $7 million seed round. Investors include Sfermion, Solana Ventures, Animoca Brands and Non-Fungible Labs. DNABlock is planning to launch a creators studio in Los Angeles for talent working in the NFT space.
- Exeest, a Los Angeles-based entertainment technology startup, announced $3.1 million in seed funding this week. The capital will be used to fuel the growth of its global digital business-to-business marketplace for entertainment content. Investors include Bob Sauerberg, former CEO of Condé Nast and Reddit board member; Jeff Gaspin, former chairman of NBCUniversal Television; Dean Backer, managing director, Goldman Sachs; and Salil Mehta, CFO of Candle Media.
- L.A.-based sneaker startup KXY World announced a $3 million seed round led by SeventySix Capital, with participation from Rachel Zoe Ventures, Crush Ventures, NBA all-star DeMar DeRozan and Super Bowl champion Emmanuel Sanders.
- M13, an L.A. venture capital firm specializing in consumer technology, has formed a $400 million fund to invest in seed to Series B startups engaging in consumer behavior in work, commerce, health and money.
