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IPO market for venture-backed companies remains strong, but M&A deals slow

It’s still a good time to go public. Twenty-eight venture-backed companies completed initial public offerings during the second quarter, raising $4.9 billion. That was a 45 percent increase in dollars raised compared to the previous quarter, according to an analysis by Thomson Reuters and the National Venture Capital Association. It was the fifth consecutive quarter… Read More

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Cancer research startup Immune Design files for $60 million IPO

Immune Design Corp., a Seattle biotechnology company developing technologies to activate the body’s immune system to fight cancer, has filed to raise $60 million through an initial public offering. The company Like most biotech companies, Immune Design is losing money. It posted a net loss of $16 million last year, and has compiled an accumulated… Read More

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T-Mobile adds another 2.4M customers in record quarter, within shouting distance of Sprint

T-Mobile added a net total of 2.4 million customers in the first quarter — the biggest growth in its history — including record expansion of 1.3 million customers in the coveted category of branded postpaid accounts. The continued growth takes the Bellevue-based wireless company to more than 49 million customers overall, up from 34 million a year ago. T-Mobile is… Read More

The first class from 9Mile Labs.

B2B accelerator 9Mile Labs inks key alliance with PARC

Over the past four decades, Xerox PARC has helped spark some amazing innovations, from the ethernet to laser printing to the graphical user interface. Now, PARC, originally founded in 1970 as the Palo Alto Research Center and reincorporated as a subsidiary of Xerox in 2002, is turning to Seattle to find some breakthrough innovations that… Read More

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This Microsoft vet just scored $4 million to radically change the way you use email on mobile devices

Let’s face it. Managing email on a mobile device kind of sucks. It’s nearly impossible to find archived messages, let alone seamlessly connecting to one’s calendar, contacts or other third-party services such as Dropbox, LinkedIn or Facebook. The whole thing just seems ready for a refresh. Gordon Mangione, a tech industry veteran who worked as a corporate… Read More

Aaron Easterly with Caramel on the GeekWire podcast

Rover.com fetches $12M, plans to expand dog sitting marketplace

Online dog sitting marketplace Rover.com has a new best friend: Menlo Ventures. The Silicon Valley venture capital firm, an early backer of Fab.com, Uber and Tumblr, is leading a $12 million investment in the Seattle startup. That brings total funding in the 43-person company to nearly $25 million, making it the most heavily funded of… Read More

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This Seattle-area tech company just got acquired for $650M and no one really noticed (including us)

EagleView Technology Corp., despite its name, has flown under the radar for years. And that’s no different with the company’s latest news. In a deal announced Tuesday, Verisk Analytics confirmed that it was paying $650 million in cash for EagleView, a leading provider of aerial imagery and data analytics. It’s a huge deal — one… Read More

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Bezos-backed money transfer startup Remitly lands $5.5M

Seattle money transfer startup Remitly continues to reel in cash, most recently scoring a $5.5 million series A deal led by QED. That brings total funding in the company to $10 million, following a $2.6 million round last year led by Trilogy Equity Partners. In addition to QED and Trilogy, Remitly is backed by Founders Co-Op,… Read More

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Social TV startup Wetpaint acquired by Viggle for $30M

Wetpaint, an 8-year-old Seattle startup led by entrepreneur Ben Elowitz, has been sold to New York-based Viggle for a purchase price of $30 million. Founded initially as a provider and network of wikis, Wetpaint pivoted over the years to create a destination for entertainment and celebrity news, attracting more than 12 million unique visitors per… Read More

Kristen Hamilton

Onvia co-founder raises $4.35M for Koru, helping college grads find impactful jobs

We’ve certainly seen a lot of activity in the online education arena in recent months, including large financing rounds for startups such as CreativeLive and Coursera. Now, here comes another startup that’s got a unique spin on things. Koru, which is announcing $4.35 million in funding from Maveron, Battery Ventures, First Round Capital and Andreessen Horowitz,… Read More

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European Commission gives go-ahead for Microsoft’s Nokia acquisition

Following Monday’s announcement that the U.S. Justice Department has cleared Microsoft’s acquisition of Nokia’s Devices and Services business for $7.2 billion, the European Commission announced today that after reviewing the deal, it is also giving Microsoft the all clear to make the purchase without conditions. The deal was first announced in early September of this… Read More

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Bootstrapped employee recognition startup MeritShare acquired after 17 months

MeritShare, a Seattle startup founded just 17 months ago by former WhitePages execs Kevin Nakao and Travis Pearl, has been acquired by 95-year-old Grand Rapids, Michigan-based employee reward and recognition company Terryberry. Terms of the deal were not disclosed, though Nakao tells GeekWire that it was a “good financial outcome.” “The reason we started the company was… Read More

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Centri lands $13M to help mobile carriers boost networks

Seattle startup Centri Technology has pulled in $13 million in fresh funding, money that it will use to continue development on technologies that help improve data flow over mobile networks. Angel Valkyrie participated in the round, as did existing investors. The 4-year-old company employs about 20 people, and previously raised about $5.5 million. It has been… Read More

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RealNetworks buys European ringback tone firm Muzicall

RealNetworks has acquired Muzicall, a 9-year-old London company that specializes in ringback tones. The company will be integrated with Real’s mobile entertainment division, which works with carriers to manage 18 million ringback tone subscribers. Ringback tones replace the traditional ring that a caller hears before their phone call is answered. They typically consist of music,… Read More

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Deal of the day: Travelocity partners with rival Expedia

Travelocity is holding onto its brand. But the guts of the online travel agency, which is owned by travel giant Sabre, are being outsourced to longtime rival Expedia. In a deal that was announced today, Bellevue-based Expedia said that it will power Travelocity’s Web sites in North America, providing the back-end technology. It’s an interesting… Read More

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Blucora to buy Monoprice for $180M, marking big move into electronics accessories

Bellevue-based Blucora is expanding its diverse set of product offerings today with the announcement that it plans to acquire Rancho Cucamonga, California Monoprice, an online retailer of speakers, cables, switches and other consumer electronics accessories. It’s a pretty hefty deal too, with Blucora paying $180 million in cash for the 11-year-old business. “Monoprice is a disruptive… Read More

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OpenTable gobbles up online reservation service Rezbook, partners with Urbanspoon

We heard a few months ago that Urbanspoon was shopping its online restaurant reservation system Rezbook. Now, we’ve learned where that business has landed … in the arms of one of Rezbook’s biggest rivals. Today, OpenTable announced that it has acquired the Rezbook business, and sealed a partnership to manage restaurant reservations for Urbanspoon. Terms… Read More