United States
Los Angeles #6
Attraction Phase
We built a rock hard community, and seeing LA now, as one of the top startup cities in the world, is a testament to the power of community.
Sub-sector Strengths
Adtech
Regional companies’ ad spending stood at $9.1 billion in 2018, representing 48% of California’s total. Discounts coupon platform Honey Science was acquired by Paypal holdings for $4 billion in 2020. System1, a digital marketing platform raised $270 million in funding in 2017.
Gaming
Major global gaming companies are headquartered in Los Angeles, including Scopely, Activision Blizzard, and ESL Gaming (North America). In 2017, Respawn Entertainment, an independent video game development studio, was acquired by Electronic Arts for $455 million. In March 2020, mobile gaming company, Scopely raised $400 million.
Life Sciences
Life Sciences companies from the Los Angeles ecosystem employ 122,000 people. The ecosystem also houses Amgen, the world’s largest biotech company, and more than 10 Life Sciences-focused incubators. Radiology Partners, a healthcare service company, raised $234 million in venture capital funding in 2018.
Why you should invest in Los Angeles
TOTAL EARLY STAGE FUNDING
$3.6 bn
GLOBAL AVG.
$431 m
ECOSYSTEM VALUE
$120 bn
GLOBAL AVG.
$10.5 bn
#4 Global Ecosystem
Funding
Top 10 Global Ecosystem
Talent
5
Exit Growth
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10
Investor Activity
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6
Funding Growth
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Reasons to move your startup to Los Angeles
World-Class Universities
Southern California has 11 research universities including Caltech, UCLA, and USC. According to a 2017 Milken Institute study, 5 Southern California universities rank among the top 20 U.S. universities in terms of producing patents.
Pool of Success
With recent successes such as Snap, Tinder, Bird, and Dollar Shave Club, the region offers a deep pool of experienced founders, employees, and investors.
COVID-19 Policy
The city of Los Angeles established a Small Business Emergency Microloan Program to support local small businesses with microloans of upto $20,000. Loans with repayment terms of six months to one year carry an interest rate of 0% and five-year loans have interest rates of 3% to 5%.
Startup Community
Startup Genome
Partners
Bixel
Bixel Exchange
Cross Campus
Mucker Capital
WeWork
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Are you interested in diving deeper into this ecosystem? Drop us a message. Our Ambassadors and Partners can plug you in.