Amplify 2023: A Year in Review

As we bid farewell to 2023, Amplify reflects on an exceptional year filled with groundbreaking ventures, transformative collaborations, and unparalleled growth within our portfolio. Amidst a dynamic and ever-evolving landscape, our commitment to supporting visionary entrepreneurs remained unwavering, driving us towards exceptional milestones and achievements.

Throughout 2023, Amplify continued its mission to identify, nurture, and propel promising startups across various sectors. We invested in a variety of sectors in 2023 including; Vertical Saas, Fintech, Applies AI & Machine Learning, Commerce, and Healthcare + Bioengineering Saas.

The Amplify portfolio experienced exceptional developments in 2023. Here are a few of our favorite highlights from the year:

• Notable raises within the Amplify portfolio: Warp ($5.7M Seed), Sourcetable ($3M Seed), Manufactured ($12M Series A), Strike Graph ($8.5M Series B), Safe Ride ($25M Series C).

• New rounds participated: Amplify invested in 8 new companies in 2023 with an average initial check size of $650K. 

• Acquisitions: Thankful acquired by Gladly, Clover acquired by Figma.

• Geographical Coverage: California (50%), Texas (25%), Colorado (12.5%), Utah (12.5%)

• Los Angeles Business Journal’s LA 500 - For his 8th consecutive year in a row Amplify’s managing partner, Paul Bricault, was featured on the annual list of the five hundred “most influential people in Los Angeles.” 

Beyond investments, Amplify remained deeply committed to empowering and bringing together the Venture Capital ecosystem. Our favorite events we hosted and participated in throughout 2023 were our Rising Venture Circle events and LA Tech Week. 

• Rising Venture Circle: We launched a new event series in 2023 in partnership with Struck Capital, named the "Rising Venture Circle." The aim of this series is to bring together young and new investors in the LA VC space and help them establish community and professional relationships right from the beginning of their careers. We plan to continue and expand this event series in 2024, as there will always be new and early investors to welcome into the community.

• LA Tech Week: Since Amplify’s founding in 2011, we’ve watched the LA tech scene explode, which is part of the reason we were thrilled to be a part of the city’s #LATechWeek! Tech Week is a week of events hosted by the startup community to celebrate the status of LA within US tech. This year, it has grown into an amazing platform of over 750+ events, bringing together the founders, startups, and investors in some of the most vibrant tech hubs! We enjoyed hosting an amazing event focused on LA's earliest builders and investors with our friends at Fika Ventures, MaC Ventures, and Bling Capital.

Amplify thanks the founders, partners, investors, and the vibrant entrepreneurial community for their unwavering support and collaboration throughout 2023. Together, we look forward to an even more remarkable and impactful 2024!