These 6 Seattle Companies Raised August’s Largest Tech Funding Rounds
Tech companies on the Puget Sound are closing out the summer with generous sums of venture capital. With a couple of nine-digit rounds topping off the list for August, scroll ahead to see what innovations are in the works now.
#6. $35 million, August 25
Operating a marketplace platform for organizations to buy and sell renewable power purchase agreements, the company is working to help businesses reduce their carbon footprint. NGP ETP led the company’s Series C round. With the new capital, LevelTen Energy hopes to launch additional transaction infrastructure products and services. To date, the company has raised $62.3 million in funding.
#5. $50 million, August 6
As value-based care grows in popularity in the healthcare sector, Vera Whole Health’s platform enables patients to communicate with its network of primary care professionals and stay healthy outside of doctor visits. Backed by investors including JP Morgan Chase, the company is investing its latest round of funding in developing its healthcare model and growing its platform’s reach.
#4. $78 million, August 4
During a period where millions of people are leaving their jobs in search of career growth elsewhere, Chronus operates a platform that allows companies to create mentorship programs and employs algorithms and AI to connect mentees to their best-fit mentor. It also provides virtual mentoring tools. With its $78 million in fresh funding, Chronus is accelerating its go-to-market strategy and hiring new team members in departments across the board.
#3. $90 million, August 31
Snap! Raise and its parent organization Snap! Mobile’s latest round of financing, its second to date, was led by Elysian Park Ventures, the investment arm of the Los Angeles Dodgers. The company offers a digital fundraising platform targeted toward clubs, teams and other activity groups in high schools. The new funding will go toward the development of a new platform that will help administrators, principals and other educational leaders budget for and track their programming. The company was founded in 2014.
#2. $110 million, August 2
Based in Kirkland, Wyze develops smart home products including cameras and robotic vacuums. It’s planning to add new AI features to these products with the cash from its latest injection of venture capital. The $110 million raise was led by rapper Jay-Z’s venture capital firm Marcy Venture Partners, and it brings the company’s total funding to $146 million to date.
#1. $130 million, August 12
New unicorn TaxBit offers software to help enterprises and individuals with filing their taxes, managing portfolios and making trades. It specializes in taxes for digital asset investments. Valued at $1.33 billion following its Series B round led by IVP and Insight Partners, TaxBit is primed for growth. It recently opened a Seattle headquarters and is currently working to double its headcount, as well as scale its product with this new round of funding.