Led by Swagbucks’ $60 million round of fund-raising, 35 Los Angeles County startups raised more than $330 million from April through June in what was a booming second quarter for startup investment nationwide.
The money is flowing to fewer firms, but it’s coming in bigger chunks as investors help successful startups expand operations to new locales.
Within Los Angeles, nearly half of the venture capital funding raised went to startups in Santa Monica, according to data from CB Insights. City National Bank compiled the data and came up with this list of top 10 local fundraising deals in the last quarter.
1. Swagbucks – With $60 million from Technology Crossover Ventures, the El Segundo startup plans to market itself to get more users earning gift cards in exchange for watching videos, playing games or taking part in market research.