Starting Q4 strong, these five Seattle-based tech companies raised a combined $381 million in October. Read on to learn how these companies are investing their fresh funding in hiring and product development.
#5. $27 million, October 20
Wellness platform Modern Age, which promotes a holistic approach to health to slow down the effects of aging, raised $27 million led by Oak HC/FT. Melissa Eamer, former COO of Glossier, founded the company in 2020. The latest funding round will be used to support a variety of initiatives with some capital going towards customer engagement, new tech innovations and hiring.
#4. $30 million, October 5
Pandion is the latest startup focused on faster shipping at a lower cost. Led by former founder and head of Amazon Air Scott Ruffin, Pandion will use the recent funds to grow its company and expand its operations. Some funds will be used to open its first sortation facility this fall in Pennsylvania.
#3. $60 million, October 4
DevOps startup Esper raised $60 million in a Series C funding round led by Insight Partners just four and a half months after closing its $30 million Series B. Esper’s platform helps developers and engineers manage their fleet of Android-based devices. The fresh funding will allow the startup to “evangelize DevOps,” go after more customers and hire additional staff for its Bellevue-based team.
#2. $110 million, October 13
Seattle has a new tech unicorn after raising a $110 million Series C. This round jumped Karat’s valuation to $1.1 billion. The startup built an Interviewing Cloud so companies can conduct technical interviews and more easily find software engineers. It also tests the abilities of interviewees and provides fair and predictive analytics. The funding will allow the company to scale to meet growing demand.
#1. $154 million, October 28
The company has now raised $329 million in funding to date following its latest $154 million round led by Fidelity Management & Research Company LLC. Rad Power Bikes, which manufactures and sells different electric bikes, is now the most funded direct-to-consumer electric bike company in the world. The fresh funding will go towards investing in the company’s product and technology, growing its supply chain, expanding its sales and support channels and more.
