Crypto startups in Seattle had another big week with two startups announcing venture funding moves. Besides crypto, the Seattle tech scene saw movement with VC funds and other news. Catch up on the latest Seattle tech news with the Built In Seattle Weekly Refresh.
Maveron raised $225M. Maveron is a venture capital firm that was founded by Starbucks CEO Howard Schultz and Dan Levitan. The firm has invested in startups such as eBay and Groupon. This is the firm’s eighth fund. [GeekWire]
Protego Trust eyes $2B valuation. Crypto news site The Block recently reported that Protego, a charted digital currency bank, secretly raised $70 million in 2021 and is now in the early stages of raising a Series B round. With the new round the startup hopes to reach a $2 billion dollar valuation. Protego’s current valuation has not been made public. [The Block]
SEATTLE TECH QUOTE OF THE WEEK
ZenLedger raised $15M. Based in Bellevue, Zenledger’s platform connects to more than 500 digital exchanges and marketplaces. Once connected, the platform creates a log of all digital transactions an investor has made. The platform is helpful when it comes to paying taxes on crypto because the platform can calculate gains or losses for an investor. With the new capital, the software startup will continue to expand its current platform and develop new products. [Built In Seattle]
Proxi spotlighted in the Future 5 series. Proxi has broken barriers with its platform that lets users create maps around their favorite locations in any city. The platform has become popular with influencers since they are able to share information in a manner that is easy to see and use. [Built In Seattle]
Zeitworks emerged from beta. Seattle-based Zeitworks released its platform that aims to help companies improve productivity through AI monitoring. In 2020, the startup raised $4.5 million in venture funding. With the platform, Zeitworks says it can drive down operational costs and improve the stability and captivity of teams. After coming out of the beta, the company has started onboarding clients. [Business Wire]
