Last month, the five biggest funding rounds in Seattle raised a collective $140.7 million. OfferUp snagged the top spot with $140 million. Read on for the details on all five of March’s largest VC rounds.
#5. $3 million, March 25
Hyperproof helps companies comply with data and privacy laws. Fifteen angel investors led the round. In light of the difficulties due to the COVID-19 pandemic, it’s currently offering its cloud compliance services to U.S. companies for free.
#4. $4.7 million, March 11
The startup wants to compost human remains, since the state of Washington just legalized the practice. Founder Katrina Spade sees traditional funeral practices as inefficient and environmentally unfriendly. It plans to break ground on a warehouse next year.
#3. $6 million, March 4
Membrion manufactures low-cost, high-performance ion exchange membranes. Bellingham Angel Investors led the Series A round. It’ll use the funds to start commercially producing the membranes at a new production facility.
#2. $7 million, March 9
Banzai offers enterprise event marketing automation solutions. DNX Ventures provided the Series A equity financing. With the funds, it’ll double its employee headcount and expand both its product and service offerings.
#1. $120 million, March 25
OfferUp is an online marketplace where anyone can buy or sell used items. OLX Group led the investment round. The company also announced a merger with its competitor letgo.
