Los Angeles

Path's $5.3 million financing tops recent funding news in Los Angeles

Los Angeles-based personal health and employee benefits company Path has secured $5.3 million in funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced Oct. 24 and led by Upfront Ventures.

According to its Crunchbase profile, "Path is a holistic addiction treatment for employers and your organization. It [is] also designed to treat and manage substance use disorder (SUD) for your employees and their families. They work alongside brilliant healthcare minds, visionaries and professionals to scientifically treat SUD at scale."

The one-year-old startup also raised a seed round earlier this year.

The round brings total funding raised by Los Angeles companies in health care over the past month to $25 million, an increase of $22 million from the month before. The local health care industry has seen 55 funding rounds over the past year, raking in a total of $312 million in venture funding.

In other local funding news, electric vehicle and autonomous vehicles company Wheels announced a funding round on Oct. 16, financed by TDK Ventures.

According to Crunchbase, "Wheels operates a shared electric mobility platform designed to revolutionize dockless mobility. The company's platform offers hybrid electric vehicles that are sleek in design with swappable parts, batteries and real-time dynamic maintenance upkeep with the built-in bluetooth speakers as well as charging point for phone, enabling users to get low-cost, fun and comfortable ebikes to get around cities through the connection of a smartphone."

Founded in 2018, the company has raised two previous rounds, including a $37 million Series A round earlier this year.

This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.