It was a busy week for Seattle tech startups, with several companies closing deals while others celebrated their inclusion on the Inc. 5000 list. Catch up on the latest funding news, including TerraPower’s $750 million raise, with the Built In Seattle Weekly Refresh.
Inc. released its Inc. 5000 list. Several Seattle-based startups were featured on the list, including teambuilding, which ranked #15 nationally. Actriv Healthcare was ranked #138, Coinme Inc came in at #227, Seekout followed at #236, FlavorCloud was #251and Anvil Secure was ranked #303. Rankings were determined by revenue growth over the past three years. [Built In Seattle]
TerraPower raised $750M. Founded by Bill Gates in 2006, TerraPower has been making advances in nuclear reactors that are needed for nuclear energy. The company has also experimented with using nuclear energy to fight cancer. South Korean energy group SK Group provided $250 million to the fund. Bill Gates also invested. [Built In Seattle]
Remitly announced plans to acquire a fintech company. Remitly, a Seattle company that helps customers send money internationally, announced plans to acquire Rewire, an Israeli company that provides budgeting tools and international money transfer services. The deal, valued at $80 million, is expected to close in the second half of the year. Rewire also has offices in Amsterdam. [Puget Sound Business Journal]
RipeLocker announced new funding. RipeLocker developed a shipping container that manages oxygen levels during food transport, which keeps fruit from going bad. The containers are patented and have been tested to keep blueberries ripe for 45 days post-harvest. Last week, the company announced that it closed a $7.5 million “friends and family” round, which brings its total funding raised to $21 million. [Built In Seattle]
Monod Bio closed a $25 million seed round. Monod Bio is a life science company that develops health sensors that can detect biomarkers, viruses and toxins in the human body. According to the company, the sensors can even detect spike proteins on the Covid-19 virus. The $25 million seed round was led by Matrix Capital and will be used for the rapid development of its sensors. [Business Wire]
