Seattle’s 5 Largest Tech Funding Rounds Totaled $493M in February

March 1, 2021
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During February, a number of Seattle tech companies pulled in impressive funding raises, with the top rounds hitting eight and nine figures. Venture investors took up interest in software companies that serve a wide range of areas. Find out which companies are making new advancements with their platforms.

 

#5. $43 million, February 9

This Bellevue-based startup’s e-commerce platform works to help brands build their online presence. Its headless solution allows brands to quickly go live online without having to replatform. With $43 million in Series A funding led by Norwest Venture Partners, Fabric is looking to further its platform, expand its product offerings and grow its team.

 

#3 (tied). $50 million, February 11

Pivotal develops communications platforms, systems and applications using holographic beam forming technology. The Kirkland-based company raised $50 million in a funding round led by Tracker Capital that will allow it to invest in expanding its product support, distribution and research and development efforts.

 

#3 (tied). $50 million, February 17

Based in Bellevue, this startup raised $50 million in Series C funding led by Greenoaks Capital. Its platform gives companies a way to record and keep track of Objective and Key Results (OKR) goal setting. The fresh cash will help Ally grow its team over the next year with positions available in its go-to-market, customer success, sales, marketing and operations departments.

 

#2. $150 million, February 4

The e-bike company has seen consistent growth in sales in recent years and is looking to increase its international presence. Aiming to cement itself within the future of transportation, it’s investing the $150 million funding in customer support, online self-service tools, and showrooms as well as its local retail and service network. Rad is also looking to grow its company headcount to 650 people by the end of 2021.

 

#1. $200 million, February 22

With its platform that works to help sales teams increase their revenue, Highspot is looking back on a year of company growth. With $200 million in Series E funding led by Tiger Global, the company hopes to focus on expanding its international operations as well as hire an abundance of new employees across all departments, including but not limited to engineering, sales, marketing and customer service.

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