In a relatively quiet month for tech startup funding in Seattle, a handful of companies came through with new raises that totaled higher than others. The leader of this month’s ranking of the top five largest funding rounds pulled in $50 million to advance its marketing tech. Read more to find out how these companies are investing their new capital.
#5. $2 million, November 5
This startup aims to help homeowners learn about and increase the value of their homes by creating an app that employs machine learning and AI to direct users toward which home improvement projects are a wise potential investment. The funding will help Plunk work toward launching its application out of stealth mode.
#4. $3.3 million, November 4
The mobile game developer and publisher will use the new capital to launch its first game, Super Battle League, onto the market. This seed funding round was led by March Gaming with participation from 1Up Ventures and Hiro Capital. Lightfox is also looking to expand its team as it works to create socially connected games.
#3. $3.5 million, November 20
While stay-at-home orders have kept individuals across the country cooped up inside, mental health has collectively taken a nosedive, for some more so than others, particularly teenagers. This reason further spurred Joon Care’s mission to provide licensed therapy to teens and young adults. With the funding from its recent round led by Route 66 Ventures, Joon plans to expand the reach of its app that offers remote therapy sessions via video calls.
#2. $6.7 million, November 10
This Series A round for the benefits administration software platform will allow it to increase its headcount as it hopes to employ eight new members by the end of the year. Vimly offers resources to its customers to help manage their employee benefits. These cloud-based tools include enrollment, eligibility, consolidated billing and back office solutions, among others.
#1. $50 million, November 19
While life is mostly taking place online, the e-commerce industry has seen a rise in activity, just as Stackline’s optimization platform has garnered a rise in investor interest, proven by its Series A raise from Goldman Sachs Growth Equity. The company uses data analytics, marketing automation and in-house e-commerce experts in order to help brands personalize their sales strategies across third-party marketplaces. The fresh capital will help Stackline develop its latest product, Ad Manager, and expand its global presence.
