Weekly Refresh: Seattle Fundings, Acquisitions and More

by Gordon Gottsegen
September 9, 2019
Seattle
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Assurance IQ was acquired for $2.35 billion. The insurance startup launched in 2016, and never raised any outside capital from investors. Now, after less than four years, the company is being acquired by financial institution Prudential Financial for $2.35 billion — plus an extra $1.15 billion in cash and equity if Assurance is able to meet certain growth objectives. [Press release]

Microsoft acquired Movere. Movere has designed a platform that helps organizations manage their servers and data on the cloud. Microsoft saw the Movere platform as a good supplement to Microsoft Azure, and plans to integrate it into Azure's cloud migration software. [Built In Seattle]

Suplari raised $5 million in funding. The new funding comes a year after the company’s $10.3 million Series A, and is part of a larger ongoing funding round. Suplari helps businesses track their budgets using AI. [Built In Seattle]

Savvy Lane announced a $2 million seed funding round. Savvy Lane helps people sell their homes without having to pay fees to real estate agents. The company has a presence all over the West Coast, and it’s hoping this new funding will help it expand its footprint. [Press release]

LinkedIn’s Top 50 Startups list included three Seattle tech companies. The companies are marketing data firm Amperity, trucking and shipping matching platform Convoy and machine learning startup Outreach. [Geekwire]

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