Snapchat raised the second-most amount of money out of all venture capital-backed companies in the country during the second quarter, according to a report released by Dow Jones VentureCapital.

The Venice messaging app completed a $1.8 billion later-stage round of financing on May 26 with money from 11 companies, the report said.

After Snapchat, the other top L.A. deals were closed by Marina del Rey’s Thrive Market, an e-commerce platform for organic products, which raised $111 million, and downtown transportation firm Hyperloop One, which raised $94 million.

Santa Monica’s Upfront Ventures was the most active local investment firm during the quarter with a total of five deals.

Uber Technologies Inc. raised the most money in the quarter thanks to a $3.5 billion investment from the Saudi Arabia Public Investment Fund. The top five deals of the quarter represented 35 percent of the money invested in companies nationwide, according to Joe Muscat, growth markets leader for the West Coast at financial services firm Ernst & Young.

Muscat said the big deals represented a scenario at work nationwide, where a smaller number of companies raised higher amounts.

“These companies showing breakout opportunities are able to access a significant amount of capital,” said Muscat.

Investors, he explained, were drawn to more mature companies that have already proved their concepts given the fallout from Brexit, the impending U.S. elections, the slowdown of the Chinese market, and the fact that many public companies have been trading at levels below their initial public offerings.

“There are a bunch of headwinds, so it’s particularly noteworthy that these businesses have been able to raise capital or start businesses,” he said.