These 5 Seattle Tech Companies Raised June’s Largest Funding Rounds
Venture capital funding helped Seattle tech companies across a variety of sectors last month. The Emerald City’s five largest tech funding rounds totaled $428 million in June, which is about 33 percent less than the $633 million raised in May. Read on to find out which companies raised funds and how they plan to use their fresh capital.
#5. $40 million, June 28
Atomo Coffee raised $40 million in a Series A round to scale the manufacturing of its cold brew coffee that does not rely on coffee beans. Instead, the company uses plant-based ingredients, such as date seed, chicory root and grape extracts, according to the company.
#4. $43 million, June 23
Seattle-based Glowforge secured $43 million in a Series E funding round. The company has raised a total of $113.2 million. Glowforge’s 3D printers are capable of cutting, edging and engraving a wide range of materials.
#3. $50 million, June 2
Chainguard, a Kirkland-based cybersecurity firm, raised $50 million in a Series A round. Designed to safeguard companies from software supply chain attacks, Chainguard’s holistic security solutions allow companies to track and verify the author of an artifact in code.
#2. $135 million, June 13
Echodyne secured a $135 million fundraising round co-led by Baillie Gifford and Bill Gates, and including multiple new and existing investors. Echodyne’s radar solutions are used by the U.S. Army, Northrop Grumman, NASA and the Department of Homeland Security.
1. $160 million, June 27
Zap Energy raised $160 million in a Series C round. The company plans to use the funds to increase its physical footprint and staff. Zap Energy, like other fusion energy companies, is working to create carbon-free energy by using heat to force atomic particles to collide, thereby releasing energy.
