These 5 Seattle Tech Startups Raised a Collective $705M in September
From VR startups to telecommunications companies, Seattle venture capital rounds touched an array of industries last month. The five largest Seattle tech funding rounds totaled a collective $705 million in September and left many companies set up for success ahead of Q4. Read on to learn about the local tech companies that raised the most funds last month.
Largest Seattle Tech Funding Rounds, September 2022
- Ziply Fiber
- Cap Hill Brands
#5. HaptX: $23 million, September 15
Redmond-based HatpX is revolutionizing the VR and robotics industry with its high-tech gloves that give tactile feedback and recreate touch. Last month the company raised $23 million in a round co-led by AIS Global and Crescent Cove Advisors. With the new capital, HaptX said it will work to commercialize its tactile glove.
#4. Rippl: $32 million, September 28
Rippl is providing older adults with easy access to mental health services with its digital platform. The company launched late last month with $32 million in funding from a seed round co-led by ARCH Venture Partners and General Catalyst. Rippl said the funds will be used to grow its platform and hire more mental health professionals. The company is also planning to launch a training platform for its clinicians.
#2 (tied). Cap Hill Brands: $100 million, September 8
Cap Hill Brands is a startup that acquires well-performing brands on Amazon and optimizes everything from their manufacturing to marketing. In September, the company raised $100 million in a Series B round led by BlackRock. Cap Hill Brands will use the new funds to acquire more well-performing brands.
#2 (tied). Swiftly: $100 million, September 19
Swiftly’s $100 million raise helped the company become a tech unicorn with a valuation of more than $1 billion. The company makes API integrations for retailers in order to optimize their mobile apps or websites. The latest round was led by BRV Capital Management and will be used to develop new product offerings and grow into new markets. Swiftly is also hiring.
#1. Ziply Fiber: $450 million, September 8
Topping the funding charts in Seattle for September was Ziply Fiber, with a $450 million raise. Ziply Fiber is a fiberoptics internet provider headquartered in Kirkland. The company has been expanding rapidly in the Northwest and with the latest funding will help provide high-speed internet to more people.