The LA Tech Venture Capital Report
After a record year in 2014, Los Angeles is on track
to set another high for venture dollars invested in the region.
This in-depth report analyzes the funding activity for VC-backed private technology companies based in Los Angeles and the surrounding area including overall financing activity, which sectors saw the most funding, and more. It is being issued in partnership with Upfront Ventures, the largest and longest-serving venture capital firm in Southern California.
Below is a high-level summary of some of the report’s highlights. For all of the findings, download the entire report. It’s free.
2014: Funding to LA Tech Ecosystem Hits $2B Across 194 Deals
Funding to venture-backed tech startups in the greater LA area jumped 25% year-over-year. At the current rate, 2015 is on track for a new funding record.
UPFRONT VENTURES IS MOST ACTIVE VC
Upfront Ventures topped the list for most active investors in LA, with investments in more than 30 LA-based tech companies. The top 3 was rounded out by 500 Startups and Wavemaker Partners.
THE RISE OF MOBILE LA: 1 OF EVERY 5 DEALS NOW GO TO MOBILE STARTUPS
Over the last five years, over 60% of all LA tech deals have gone to the Internet sector. But mobile has emerged as a key tech sector in greater LA, taking close to a fifth of annual deal share between 2011 and 2014.
LATE STAGE DEALS DOMINATE DOLLAR SHARE
On the funding front, late-stage deals (Series D+) took over 40% of all funding in LA tech in 2014. This year is off to a similar trajectory as Series D+ deals have taken over 60% of all funding dollars behind Snapchat’s $200M investment from Alibaba.
LA FUNDING GROWTH SLOWS COMPARED TO NY AND MA
Funding in LA grew by 25% between 2013 and 2014, compared to 50% in NY and 93% in Massachusetts. All three states are on track to exceed their 2014 funding levels.
The Los Angeles Tech VC Report highlights financing and exit trends as well as top investors for VC-backed tech companies. To receive the report, sign up by entering your business email address in the form below.
Photo credit: Neil Kremer