All eyes these days are on Snap as it prepares to file for its much-anticipated IPO, likely sometime this week. The parent of popular photo-sharing app Snapchat is based in the Los Angeles area, which is just a quick road trip—or maybe, someday, a very quick hyperloop ride—away from Silicon Valley and home to a growing number of tech startups.
Since the beginning of 2015, 714 venture investors have participated in at least one of the 531 deals backing a startup in Greater Los Angeles, according to the PitchBook Platform. Total capital invested in LA-based startups rose from $3.5 billion in 2015 to $4.34 billion in 2016, but the larger amount of VC money funded fewer investments: Deal count dropped from 310 in 2015 to 214 last year.
Here are the top 9 VCs investing in the Los Angeles metro area over the last two years, along with deal counts (not including accelerator rounds):
1. Upfront Ventures (26)
T-2. Wavemaker Partners (24)
T-2. Third Wave Digital (24)
4. Greycroft Partners (19)
T-5. Tech Coast Angels (17)
T-5. Frost Data Capital (17)
T-7. Double M Partners (16)
T-7. Bam Ventures (16)
9. Kleiner Perkins Caufield & Byers (15)
PitchBook Platform users can access the full data on VC investor activity in the Los Angeles metropolitan area.
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Article by PitchBook