Pushpay Buys Resi Media, Teleport Got $30M, and More Seattle Tech News

August 30, 2021
photo: shutterstock

Seattle tech companies are innovating in a range of industries with fresh venture capital. With new rounds of funding, find out what new moves are underway on the Puget Sound. This is the Built In Seattle weekly refresh.

Teleport secured $30MThe company just closed on a Series B round of funding for its software that allows developers to securely access servers, applications and databases ahead of launching their apps. Alongside the funding, Teleport announced the release of its Teleport 7.0 offering. The raise was led by Kleiner Perkins as the company continues to grow. [Built In Seattle]

LevelTen Energy got $35MAs organizations are taking more interest in reducing their greenhouse gas emissions, LevelTen operates a marketplace platform where they can buy and sell renewable power purchase agreements. With its Series C funding led by NGP ETP, the company is investing in launching additional transaction infrastructure products and services. [Built in Seattle]

Seattle Tech Quote of the Week

“It was really incredible seeing how generous people were being to their church communities in a time of crisis. We could see that, when stimulus checks came through, people were tithing with those checks. [On the flip side,] as people were losing jobs or unable to pay rent, our churches stepped up, donated and cared for thousands if not millions of people throughout this last year. You could see people really coming together and donating to those causes through our customer organizations.” —Molly Matthews, Pushpay CEO

Pushpay acquiring Resi MediaOperating a payment processing platform for nonprofits and charities, Pushpay counts mostly churches among its customers. As its solution helps church members stay engaged and involved, Pushpay is buying streaming company Resi Media to further that engagement. The $150 million transaction is set to close next month. [Built In Seattle]

Vouched pulled in $4.5MWith its AI-powered solution, the startup helps companies verify the identity of customers, clients and contractors to provide real-time fraud protection. Its software compares photo ID documents like a driver’s license to a user’s selfie. The company has garnered attention from investors including Bankers Healthcare Group, Professional Bank and the co-founders of Zulily. [Vouched]

Clearbrief raised $3.5M. Powered by natural language processing tech, the startup’s solution provides a way for legal professionals to automatically pinpoint misrepresentations in litigation documents. Reign Ventures led the company’s seed funding round, and, with it, Clearbrief is looking to build out its platform. [GeekWire]

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