Lyft, the ride sharing service known for the distinctive pink mustaches that drivers attach to their vehicles, has raised $60 million in venture funding from Silicon Valley powerhouse Andreessen Horowitz. The new funding values the San Francisco-based company at $275 million, according to The Wall Street Journal. The new money will be used to supercharge… Read More…
It has been a good week for the Seattle life sciences community. On Monday, Seattle genomics tool maker NanoString Technologies filed for an initial public offering that could raise up to $86 million. Now, comes word that Cardeas Pharma Corporation, a biopharmaceutical company led by Seattle biotech veteran Bruce Montgomery, has raised $34 million in funding…. Read More…
HasOffers built a pretty impressive business over the past four years, using the company’s revenue to fuel expansion as it grew to 79 employees and added profits to the bottom line. Now, after bootstrapping their way to success, the team is looking to supercharge efforts. HasOffers, which helps companies manage affiliate advertising programs, just scored… Read More…
If you’re an entrepreneur, there’s a good chance that many of your conversations — and a good chunk of your inner dialogue — are consumed by thoughts of fundraising. You can’t open a web browser or email or Twitter without being bombarded by opinion pieces, research, case studies, and news on the topic. On this… Read More…
Apptio is not playing small ball. Just 14 months after raising a $50 million venture round, Bellevue-based Apptio is back with a little more cash in its pocket. The company, which offers on-demand software and services for managing corporate IT departments, today is announcing that it has raised another $45 million in series E funding. It marks… Read More…
It was a bit of a mixed message in the latest Entrepreneurs Report from Wilson Sonsini Goodrich & Rosati, as so-called “down rounds” increased at the same time that startup valuations in some categories went even higher. First, on valuations. The median pre-money valuations increased for series A and later-stage funding deals. For the fourth quarter, the… Read More…
It was a major coup last summer when The University of Washington hooked computer science professor Carlos Guestrin, a leading data scientist and expert in machine learning. What wasn’t widely known at the time was that the Guestrin-led open source project, an ambitious undertaking known as GraphLab.org, would soon sprout into its very own startup. But that’s… Read More…
John Connors, a venture capitalist at Bellevue-based Ignition Partners who previously served as CFO of Microsoft, was named to Forbes’ 2013 Midas List that honors tech’s top investors. Connors has made a number of good investments in companies like Splunk, which went public last April, Heroku, XenSource and Parse, which was just acquired by Facebook. Connors, who… Read More…
Seattle venture capital firm Frazier Healthcare has raised $281.8 million for its seventh fund, according to a SEC filing today. The company, which is targeting $300 million, has received the funds from 20 investors. Those funds include three percent from the “general partner,” according to the filing. The latest filing indicates that the firm —… Read More…
A fast-growing Bellingham startup has landed $16 million in venture capital from Kennet Partners and named former NexTag president Mark Bradley as CEO. AVA.ai is the maker of an “automated virtual assistant” — an online tool used by thousands of automobile dealers, insurance agents and other sales professionals to better track sales leads. “Kennet reviewed many… Read More…
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