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As Facebook and Twitter push into social commerce, Seattle startup Comr.se raises cash

Comr.se, a social commerce startup that graduated from B2B incubator 9Mile Labs last year, has reeled in an additional $800,000 in capital that it will use to grow the team and add new customers. The company earlier this month rolled out a full public release of the technology, which allows brands using e-commerce platforms such as  Magento, Shopify,… Read More

PayRange rounder Paresh

PayRange raises $2.6M for vending-machine payment technology, names ex-Google Payments boss as director

PayRange, a Portland-based startup that allows vending machines to accept mobile payments, has raised a $2.6 million funding round. The company wouldn’t comment on the funding. The SEC filing notes that former Google Payments head and Google Wallet vice president Osama Bedier is listed as a director at PayRange. Beider left the Google Wallet team in May 2013…. Read More

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Venture capital investments surge 73% in the Pacific NW

Cash was flowing to startup companies during the second quarter in the Pacific Northwest as venture capitalists pumped $410 million into 40 deals, including fast-growing companies such as ExtraHop Networks, Puppet Labs, Igneous Systems, Smartsheet.com and Avvo. That was a 73 percent uptick from the same period last year in which venture capitalists invested $237… Read More

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Ex-Amazon engineers raise $8.5M to help retailers set dynamic pricing

Boomerang Commerce, a Santa Clara, Calif. startup led by former Amazon.com engineers Guru Hariharan and Madhusudhan Rao, has raised $8.5 million in series A financing from Trinity Ventures and Madrona Venture Group. The company also is officially unveiling its first product today, a new Dynamic Price Optimizer that’s designed to help online retailers dynamically set… Read More

Valant CEO David LIschner.

Valant raises $11M to develop software for behavioral health practitioners

Valant Medical Solutions, a Seattle startup that develops software to help behavioral health practitioners manage billing and electronic medical records at their offices, today announced a $11 million round that will allow the Seattle startup to further develop its product line while also hiring more than 20 new employees. Founded in 2005 by brothers David Lischner, a psychiatrist who… Read More

InCycle Cups by MicroGREEN

MicroGreen gets even greener, raising $17m in capital for earth-friendly food containers

MicroGreen Polymers, which has come up with a way to turn disposable water and soda bottles into durable and light-weight coffee cups, has raised $17 million in additional capital. The Arlington, Wash.-based company, which spun off from University of Washington after winning second-place in the University’s business plan competition in 2002, has a very “green” pitch: One that’s… Read More

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Charts: The growth of venture capital in the Pacific NW

The Pacific Northwest may be home to Microsoft, Expedia and Amazon.com. But the region’s startup ecosystem is growing in size, according to a report released today by CB Insights. “Over the past five years, total funding to the Pac-NW has doubled, seed funding has grown, and top tech acquirers have been actively buying in the… Read More

midfinsystems

Microsoft and Amazon vets raise cash for stealthy IT startup Midfin Systems

Three former Microsoft and Amazon engineers with more than 35 years of experience at the two tech giants have teamed up for a stealth startup in the private IT administration space. Midfin Systems is a new Redmond-based company that is developing technology for private datacenters. CEO and founder Suyash Sinha, a 14-year Microsoft vet who left his post as Senior Director in… Read More

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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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Men’s clothing retailer Bonobos raises $55M from Nordstrom and others to open ‘Guideshops’

Bonobos started in 2007, selling flashy men’s apparel online. Now, the New York-based company has scored $55 million in fresh capital — including money from Coppel Capital, Mousse Partners and Nordstrom — to expand the brand in the physical retail world. The money-losing company plans to open about 30 new stores in the next two years, adding… Read More

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EnergySavvy closes out financing round at $8.25 million

EnergySavvy, a Seattle startup that helps utilities implement energy-efficiency programs, has closed out its latest financing round at $8.25 million. The company had previously announced $7 million in early May, including cash from Prelude Ventures. New backers include EnerTech Capital and El Dorado Investment, a unit of PinnacleWest Capital, the investment arm of EnergySavvy customer… Read More

ActivityPal CEO Ike Singh.

Meet ActivityPal: An app that sets up activities with people in your social network

Some say that social media is actually making us less social as we spend more time scrolling through Facebook and Twitter feeds on the Internet, rather than physically hanging out with one another in the real world. Now a new startup wants to change that — with the help of, ironically, social media. ActivityPal recently launched its mobile app that… Read More

WISErg co-founder and CEO Larry LeSueur.

WISErg raises $5M to help grocers turn overripe produce into fertilizer

It took four years, but WISErg’s geeky machine that turns old produce into fertilizer is attracting investor attention. The Redmond-based startup has raised $5 million of a $7 million Series B round from private investors, bringing total funding for the company up to $7.75 million. WISErg helps grocers recycle their old produce and unsold prepared foods with the “Harvester,”… Read More

MobileRQ CEO and co-founder Tyler McKinley.

MobileRQ raises $2M to help app marketers send real-time contextual retail, hotel offers

People are spending more and more time on their smartphones, and that’s only good news for marketers of mobile apps. At least that’s what MobileRQ thinks. The Portland-based startup has raised an additional $2 million to help fuel development of its software that helps customers reach out to their mobile app user base in relevant and… Read More

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IT automation startup Puppet Labs scores $40 million

Portland-based IT automation startup Puppet Labs is growing fast, and now the company has more fuel to add to the fire. The company announced today $40 million in fresh funding, following a $30 million round last year. Existing investors — Cisco, Google Ventures, Kleiner Perkins Caufield & Byers, Triangle Peak Partners, True Ventures and VMware —… Read More

HashPlex CEO Bernie Rihn

Hashplex lands $400,000 in funding to bring cloud-based bitcoin mining to the masses

HashPlex, a company that hosts Bitcoin mining equipment, announced today that it raised $400,000 in a seed round. The round was led by Barry Silbert, the Founder of the Bitcoin Opportunity Corporation, and Facebook engineer Jason Prado. The Seattle-based company allows Bitcoin miners to send in their equipment – usually specially-designed circuits that run calculations… Read More

Glympse CEO Bryan Trussel.

Glympse raises $12 million to develop the ‘next wave’ of real-time location sharing

Things are really rolling for the folks at Glympse. Today the Seattle-based startup announced its biggest funding round yet, raising $12 million to help continue building out its location-sharing technology. “This means we’ve been able to distinguish ourselves against all the location companies out there, and have had a lot of success recently, and an optimistic future,” CEO… Read More