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fundraising

Video

The women writing checks: A list of female venture capitalists in the Pacific Northwest

by Sonali Vaid & Taylor Soper on August 10, 2022March 15, 2023 at 12:21 pm

Back in 2018, GeekWire published a list of women investors based in the Pacific Northwest who were writing checks to help startups grow. A lot has changed in four years.… Read More

Video

Seattle AI startup that helps professionals improve public speaking by analyzing speech raises $6M

by Nate Bek on August 8, 2022August 8, 2022 at 10:53 am

The news: Yoodli, a Seattle startup with an AI-enabled software platform that analyzes speech to offer tips for improving communication skills, raised $6 million. The founders: The startup was co-founded… Read More

Survey: 88% of U.S. startup leaders worried about fundraising, signaling slower growth ahead

by Todd Bishop on May 23, 2022May 23, 2022 at 10:25 am

New research published Monday quantifies the growing sense of caution among U.S. startup leaders, as economic turmoil creates concerns about cash, and causes some companies to scale back their hiring… Read More

Flying Fish raises $70M fund and will cast net beyond Seattle to back more AI/ML startups

by Taylor Soper on May 17, 2022May 17, 2022 at 8:04 am

The news: Seattle-based venture capital firm Flying Fish landed $70 million for its second fund to invest in more early-stage machine learning and artificial intelligence startups — both in its backyard… Read More

VC funding to Seattle-area startups cools in Q1 as part of larger U.S. slowdown

by Taylor Soper on April 14, 2022April 14, 2022 at 5:43 pm

After a mind-boggling 2021 for venture capital investing, things are settling down a bit through the first quarter of 2022. The latest Venture Monitor report from PitchBook and the National Venture Capital… Read More

Seattle VR startup Rec Room raises $145M, reaches $3.5B valuation

by Thomas Wilde on December 20, 2021December 20, 2021 at 12:54 pm

Rec Room, the Seattle-based development studio behind the fast-growing VR application Rec Room, has raised $145 million in new funding, bringing its current valuation to $3.5 billion. This is Rec… Read More

Seattle startup Tasso lands $100M for self-administered blood collection devices

by Charlotte Schubert on December 17, 2021December 17, 2021 at 10:48 am

Seattle-based Tasso, which makes devices for the self-collection of blood samples, has landed $100 million in funding. Tasso’s devices work on the upper arm, drawing blood from a network of… Read More

Frothy fundraising climate causes Madrona to raise $120M ‘extension fund’ for portfolio companies

by Taylor Soper on December 16, 2021December 16, 2021 at 10:22 am

It’s a wild time in the venture world. Valuations, deal sizes, and investment funds have blown past records set in 2020. Many startups are raising two rounds within a year;… Read More

Immigration startup Boundless raises $25M, eyes opportunity with ‘pro-immigrant administration’

by Taylor Soper on April 22, 2021April 22, 2021 at 10:21 am

New funding: Seattle startup Boundless landed $25 million to help support people through the immigration process. The software: The company’s technology streamlines how immigrants get in touch with lawyers and file… Read More

Behavioral science startup 2Morrow raises $1.5M to grow digital therapeutic platform

by Taylor Soper on April 14, 2021April 15, 2021 at 10:40 am

New funding: 2Morrow, a Seattle-area startup that develops digital coaching software to help people reach health goals, has raised $1.5 million. Total funding to date is $2.9 million. Company background: Founded… Read More

Boise-based PlexTrac raises $10M for cybersecurity collaboration and workflow software

by Taylor Soper on April 14, 2021April 14, 2021 at 8:52 am

New funding: PlexTrac, a Boise, Id.-based cybersecurity software startup, raised a $10 million Series A round led by Madrona Venture Group and Noro-Moseley Partners, with participation from StageDot0. Total funding is… Read More

Seeq lands $50M to grow manufacturing analytics software platform

by Taylor Soper on April 13, 2021April 13, 2021 at 12:00 pm

New funding: Seattle startup Seeq raised $50 million in a Series C round. Seeq’s software: Founded in 2012, Seeq’s analytics software is used by industrial manufacturers to collect and analyze… Read More

Seattle-area AI startup Darklight raises $5.1M to help companies automate cybersecurity tasks

by Taylor Soper on April 2, 2021April 2, 2021 at 3:45 pm

New funding: Seattle-area startup Darklight raised a $5.1 million round. Investors listed on an SEC filing include Jay Lee of Agile Defense and Tom Bruderman of MAG Ventures. Total funding to… Read More

Seattle startup Common Room emerges from stealth mode with $52M in funding

by Taylor Soper on April 1, 2021April 1, 2021 at 10:12 pm

The news: Common Room, a year-old startup based in Seattle, is coming out of stealth mode in a big way. The company revealed $52 million in total funding and big-name customers… Read More

Dapper Labs, the Vancouver B.C. startup behind NBA Top Shot NFT craze, raises $305M

by Taylor Soper on March 30, 2021March 30, 2021 at 8:34 am

New funding: Dapper Labs raised $305 million at a reported $2.6 billion valuation. The Vancouver, B.C., startup powers NBA Top Shot, a popular NFT-based digital trading card game that has generated… Read More

Led by former Juno and Alder exec, Seattle neurology startup Eliem Therapeutics raises $80M

by Taylor Soper on March 25, 2021March 25, 2021 at 12:43 am

New funding: Eliem Therapeutics, a new Seattle biotech startup led by former Juno Therapeutics exec Bob Azelby, raised $80 million to develop clinically-validated therapies for pain and depression. The pipeline:… Read More

Biotech startup AbSci raises $125M for ‘Protein Printing’ tech; total funding up to $230M

by Taylor Soper on March 23, 2021March 22, 2021 at 9:09 pm

New funding: Vancouver, Wash.-based biotech company AbSci raised $125 million in a round led by Casdin Capital and Redmile Group. The tech: Founded in 2011, AbSci’s “Protein Printing” technology is used… Read More

Legal writing startup Clearbrief raises $1.2M from Madrona, Sequoia, Avvo founder, others

by Taylor Soper on March 23, 2021March 23, 2021 at 8:30 am

New funding: Clearbrief, a new Seattle startup that has developed AI-fueled writing technology for the legal industry, raised $1.2 million. Venture capital heavyweights Sequoia Capital and Madrona Venture Group invested, in… Read More

‘We make our customers rich’: Shelf Engine raises $41M to help grocery giants manage their orders

by Taylor Soper on March 18, 2021March 18, 2021 at 2:40 pm

New funding: Shelf Engine raised $41 million to support rapid growth of its tech platform used by grocers such as Kroger and Walmart to manage food orders for deli, bakery, cut… Read More

Portland-area marketing automation startup Act-On raises $20M

by Taylor Soper on March 18, 2021March 18, 2021 at 11:03 am

New funding: Growth marketing automation platform Act-On Software raised $20 million in equity and debt. The company, based in the Portland, Ore. region, aims to help companies generate more revenue and… Read More

Seattle startup Heard raises $1.3M to help mental health professionals run their own business

by Taylor Soper on March 17, 2021March 22, 2021 at 2:37 pm

New funding: Heard, a 2-year-old startup aiming to help mental health professionals manage bookkeeping and taxes, raised $1.3 million. The company: Heard builds software targeted at clinicians in the mental health… Read More

OctoML raises $28M grow machine learning software used by Qualcomm, Microsoft, AMD

by Taylor Soper on March 17, 2021March 17, 2021 at 2:33 pm

New funding: Seattle-based startup OctoML raised a $28 million Series B round. The University of Washington spinout aims to help companies deploy machine learning models on various hardware configurations. The… Read More

Cannabis retail tech startup Dutchie valued at $1.7B after raising $200M

by Taylor Soper on March 16, 2021March 16, 2021 at 2:49 pm

Dutchie, the Bend, Ore.-based creators of an e-commerce platform that helps cannabis dispensaries facilitate online orders, has raised $200 million in new funding at a $1.7 billion valuation. The fresh… Read More

Smart home startup Deako raises $12.5M, says its light switches are becoming ‘industry standard’

by Taylor Soper on March 15, 2021March 16, 2021 at 7:43 am

New funding: Seattle startup Deako Lighting raised $12.5 million as part of a Series B round to fuel growth of the company’s smart light switch technology. The business: Deako’s “plug and… Read More

JetClosing closes $11M investment round, names Seattle tech vet Anna Collins as CEO

by Taylor Soper on March 12, 2021April 5, 2021 at 5:02 pm

New funding: Seattle digital home closing service JetClosing closed an $11 million Series B round. Funds and accounts advised by T. Rowe Price Associates invested, as well as Pioneer Square Labs… Read More

Seattle-area startup Icertis now valued at $2.8 billion after fresh $80M round

by Taylor Soper on March 11, 2021March 11, 2021 at 3:10 pm

Icertis has raised a new $80 million investment round, pushing its valuation to $2.8 billion, up from $1.1 billion in 2019. The Seattle-area startup sells contract management software across 90… Read More

News Brief

Visus Therapeutics raises $36M from J&J’s VC arm, others to develop eye drop that treats presbyopia

by Taylor Soper on March 10, 2021March 10, 2021 at 8:22 am

Visus Therapeutics, a Seattle-based startup developing a presbyopia-correcting eye drop, raised $36 million. Johnson & Johnson Innovation, the venture capital arm of J&J, invested in the Series A round, in… Read More

Recruiting startup SeekOut raises $65M to take on LinkedIn and other talent acquisition companies

by Taylor Soper on March 9, 2021March 10, 2021 at 7:18 am

New funding: Seattle-area startup SeekOut raised $65 million to fuel growth of its recruiting software. The 4-year-old company is profitable and saw annual recurring revenue spike 10X over the past 21… Read More

News Brief

Banzai raises $15M as investors pour cash into virtual event platforms

by Taylor Soper on March 4, 2021March 5, 2021 at 10:55 am

Banzai, a Seattle startup that sells event marketing software, raised $15 million in venture debt funding. Columbia Pacific Advisors led the round, which included participation from Gaingels. Founded in 2016… Read More

Pioneer Square Labs raises $100M fund for venture arm to back more Pacific Northwest startups

by Taylor Soper on March 4, 2021March 4, 2021 at 10:10 am

Pioneer Square Labs has raised $100 million for its second venture fund, a key milestone for the 5-year-old Seattle firm that runs both a startup studio and a venture capital… Read More

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