The numbers are in, and they are HUGE.
Built In LA put together a comprehensive report on that state of LA Tech 2014 , 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.
