Coming off a historically high quarter for venture capital funding, the Los Angeles area saw an 86.0 percent drop in capital, down to $231.5 million.
Despite the quarter over-quarter decline, Los Angeles still ranked 6th in the nation for total funding amounts in Q3.
25 Los Angeles-based technology companies received funding this quarter. The majority of VC dollars, 74.7 percent, were focused on expansion and later stage funding. This perhaps signals that capital is becoming more focused on a handful of successful ventures which will mature and thrive in the community.
For more information contact Devon Parry.
Visit the JLL Los Angeles Research webpage for additional market insight.
Source: JLL Research, PwCMoneytree