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The 23 Largest LA Tech Startup Funding Rounds of 2021

LA Tech Watch

A record breaking-year for LA startup funding. Here are some highlights of the largest rounds.

Armed with some data from our friends at CrunchBase, I broke down the largest LA startup funding rounds for the full year 2021. I have included some additional information as well such as industry and brief funding description, to further the analysis for the state of venture capital in LA. For the purposes of this analysis, only equity funding rounds were considered.

NowRx is disrupting the $480B retail pharmacy industry with unheard of personalized service and free same-day pharmacy delivery. The company uses its “QuickFill” proprietary pharmacy software and robotics to automate prescription dispensing and reduce common service failures that result in bad experiences for customers (insurance errors, out-of-stock, etc.). Oh, and they operate at a fraction of the cost of major retail chains – talk about efficiency! In 2020, the company saw revenue jump 90% YoY and this year they’re on pace to surpass more than $22M in revenue. With their newest telehealth product growing 73% MoM and a share price that has increased by 1,650% since 2016 – this is an investment you don’t want to miss out on. Get in on this rapidly growing startup and learn how you can invest today

12. Sunbit $130.0M

Round: Series D
Description: Sunbit is a buy now, pay later technology of local service providers and retailers. Founded by Arad Levertov, Ornit Dweck-Maizel, Tal Riesenfeld, and Tamir Hazan in 2016, Sunbit has now raised a total of $210.0M in total equity funding and is backed by investors that include Alumni Ventures Group, AltaIR Capital, Zeev Ventures, Group 11, and TI Platform Management.
Investors in the round: AltaIR Capital, Group 11, Harel Insurance Investments and Financial Services, Migdal Insurance and Financial Holdings, More Investment House, Zeev Ventures
Month of funding: May
Industry: E-Commerce, Finance, FinTech, Retail
Founders: Arad Levertov, Ornit Dweck-Maizel, Tal Riesenfeld, Tamir Hazan
Founding year: 2016
Total equity funding raised: $210.0M
LA TechWatch’s exclusive coverage of this round: Sunbit Scores Another $130M for its Buy Now, Pay Later Platform for Everyday Services and Becomes LA’s Newest Unicorn

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