Led by Swagbucks’ $60 million round of fund-raising, 35 Los Angeles County startups raised more than $330 million from April through June in what was a booming second quarter for startup investment nationwide.
The money is flowing to fewer firms, but it’s coming in bigger chunks as investors help successful startups expand operations to new locales.
Nationwide, five of the richest deals came from the Bay Area with ride-sharing company Uber’s eye-popping $1.2 billion round of fundraising leading the way. The next closest amount was Airbnb at $450 million.
Los Angeles attracted about half as much venture capital investment as New York and Boston. The trio...