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Tech Cocktail Los Angeles

Los Angeles Sees Tech Investments Triple

LAsky

Recode reported on July 30 that investment in tech, in Los Angeles, has just about tripled as a new report from CB Insights indicates. Specifically, VC funding is up 163 percent and since 2009 the number of deals has gone up 180 percent.

This is great for Southern California, a region that has typically had a good amount of capital but nothing Earth-shattering. The City of Angels will even be getting a set of investors looking to put money into e-commerce, mobile apps, and internet media.

To date Upfront Ventures and Mucker Capital are the leading parties in LA as they have invested a collective $4.17 billion in 1,081 different deals over the last 5 years. A lot of us down in San Diego are also hoping that the proximity to such vast amounts of capital will find its way further south: West Coast Best Coast, my friends.

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About the Author

Will is a Senior Writer with Tech Cocktail, based out America's Finest City: San Diego. He covers all territory West of the Mississippi river, digging deep for awesome local entrepreneurs, companies, and ideas. He's the resident Android junkie and will be happy to tell you why you should switch to the OS. When he's off the clock, Will focuses his literary talent on the art of creative writing...or you might find him surfing in Ocean Beach. Follow Will on Twitter @WJS1988

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