2014 was a MASSIVE Year for LA Tech: $6B Exits, $3B Fundings

The numbers are in, and they are HUGE.

Built In LA put together a comprehensive report on that state of LA Tech 2014 (link), and the numbers tell a story of massive growth to the area.

Among the findings:

LA tech companies had nearly $6 BILLION in exits, up 430% from the year previous.

Of the 82 exits, 2 were IPOs (TrueCar $1B, Rubicon Project $670M). Of the 80 acquisitions, the biggest were Conversant ($2.1B), Internet Brands ($1.1B), Maker ($500M), AdColony ($350M), Legal Zoom ($200M), and True[x] ($200M).

Of all the raises, Snapchat topped the charts with their $485M round, which they quietly released via an SEC filing on New Years Eve.

For a deeper dive into the numbers, dig into the article & its infographic here.

Author Description

Scott Perry -- LA Tech Digest founder

2 Responses to “2014 was a MASSIVE Year for LA Tech: $6B Exits, $3B Fundings”

  1. January 29, 2015

    Armand Billips

    F*ckin’ tremendous things here. I’m very glad to see your article. Thanks a lot and i’m looking forward to contact you. Will you please drop me a e-mail?

  2. January 28, 2015

    Samual

    I would buy myself a desperately needed new handbag from Coach! If there was enough left over, I’d get my mother in law a wallet or bag too as she loves Coach.