TaxBit Got $130M, Leafly Going Public, and More Seattle Tech News

August 16, 2021
photo: TaxBit / Facebook

With funding rounds large and small, these Seattle companies are fueling company growth in a variety of ways. Catch up on the latest from the Puget Sound. This is the Built In Seattle weekly refresh.

Leafly goes public via SPAC. Joining the ongoing trend of going public via special purpose acquisition companies is cannabis marketplace and discovery platform Leafly. After merging with Merida Merger Corp, Leafly will have an equity valuation of $532 million. With the deal expected to close in Q4 this year, the company plans to trade under the ticker symbol “LFLY.” [Built In Seattle]

TaxBit pulled in $130MIn the lucrative business of helping people and companies file their taxes, the company announced the close of its Series B funding round that brings its valuation to $1.33 billion. The raise was co-led by IVP and Insight Partners and allows TaxBit, which just opened its second headquarters in Seattle, to double its headcount and scale its product offering. [Built In Seattle]

Seattle Tech Quote of the Week

“At Starform we are committed to creating an environment that we believe is the best place to build games. We want to work with people who are excited to write their own story: to use their skills, experience and passion to shape the entire player experience.” —Lou Fasulo, Starform’s CEO

Starform secured $5MWith its seed funding round led by BITKRAFT Ventures, video game studio Starform is looking to invest in marketing as it gears up to launch its first game. It’s growing a team featuring pros from Z2, King, AreaNet and others. Though its game is currently in a closed beta, Starform said the new release will focus on social features and player feedback. [Built In Seattle]

Lockstep received a new investmentAmex Ventures injected additional funding into accounting platform Lockstep, closing out the company’s A+ round. It’s tech automates workflows, bookkeeping, payments and data sharing for enterprise accounting teams. To date, Lockstep has raised $17 million in venture capital including $10 million announced in February. With this fresh cash, it’s planning to hire new talent across its product, engineering and marketing teams. [PR Newswire]

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