With a new acquisition, fresh venture funding and more in the Seattle tech sector, find out what’s underway for these companies on the Puget Sound. Read on for the latest. This is the Built In Seattle weekly refresh.
PayScale acquired CURO Compensation. Using real-time salary data and modeling, PayScale’s solution helps companies determine a competitive and fair way to pay their employees. By incorporating CURO’s tech, which manages employee compensation and also provides salary audits, PayScale plans to add several new features to its platform. Terms of the deal were not disclosed, but the acquisition will make PayScale the largest company in its industry. [Built In Seattle]
These Seattle tech companies made the Inc. 5000. Considered some of the fastest-growing startups in the country, 81 Seattle-area companies across all industries ranked on Inc.’s latest list. The honorees are ranked by their overall revenue growth from 2017–2020. Claiming the top spots for Seattle tech were cannabis software company GrowFlow, e-commerce clothing retailer Kate Quinn Organics and healthcare HR platform Actriv Healthcare. [Built In Seattle]
Seattle Tech Quote of the Week
bttn. raised $5M. The company operates an e-commerce platform that enables medical facilities to automatically buy the supplies they need without worrying about price-gouging or shortages. With this FUSE-led addition to its previously raised funding, bttn. now has $6.5 million in venture capital to date. It’s investing in introducing new platform features, pursuing partnerships and growing its team across technology, sales and operations. [Built In Seattle]
LitPic got $1.5M. With its platform that combines a social network, monetization tools and camera filters, LitPic works to help creators make engaging content that fans can support with digital currency. With its fresh injection of venture funding from current and former executives at ClassPass, Brainchild, Forward and others, the startup is poised to continue building out its product. [PR Newswire]