Zillow Acquires ShowingTime, Fabric Got $43M, and More Seattle Tech News

February 16, 2021
photo: zillow

Some Seattle tech startups made new moves last week, from raising new venture capital to making plans to go public. Read more to learn the latest. This is the Built In Seattle weekly refresh.

Zillow is acquiring ShowingTimeIts software provides users with information to manage property showings as well as market statistics and other tools. Real estate company Zillow is planning to acquire ShowingTime’s platform for $500 million, and the new tech will help increase the volume of real estate tours and transactions for Zillow agents. [Built In Seattle]

Robinhood expands into SeattleThe company’s trading platform allows users to purchase shares of stocks, and it has seen significant growth over the past year due to fluctuating stock market trends. Having freshly raised $3.4 billion, Robinhood’s next step is to grow its presence into more major cities. It’s currently hiring for engineering roles at its Seattle office and plans to pursue a distributed workforce model. [Built In Seattle]

Seattle Tech Quote of the Week

“Successful retail companies win today by differentiating their brand and delivering modern customer experiences. However, they are faced with inferior options: either compromise on commerce platforms that weren’t built for their needs, or sell via Amazon and lose control of their brand and data. Fabric was built for growing D2C and B2B brands, and is run by industry veterans. We know what it takes to scale and want to end replatforming in e-commerce.” —Faisal Masud, Fabric’s CEO

Fabric raised $43MAs this e-commerce platform works to help brands build their online presence, it announced the close of its Series A round led by Norwest Venture Partners. The Bellevue-based company’s headless platform allows brands to quickly go live online without having to replatform. The capital will enable Fabric to further its platform, expand its product offerings and hire new team members. [Built In Seattle]

Pivotal pulled in $50MThis Kirkland-based startup develops communications platforms, systems and applications using holographic beam forming technology. The new funding was led by Tracker Capital and will allow the company to invest in the expansion of its product support, distribution and research and development efforts. [Light Reading]

Rover is going public via SPACLately, plenty of companies have been making moves to go public via special purpose acquisition companies, and Rover is jumping on the bandwagon. With its marketplace platform for pet care services, the Seattle pet care startup is merging with Nebula Caravel Acquisition Corp. in a deal expected to close during the first half of this year. [Crunchbase News]

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