allanstephan

Stratos Genomics raises $10M for DNA sequencing technology

Stratos Genomics, a Seattle-based biotech company, has raised $10 million of a $16.3 million series B round. CEO Allan Stephan confirmed the new funding with us today, but wouldn’t disclose investors. Founded in 2007, Stratos Genomics is a spin-off of Seattle-based Stratos Group. The company builds technology called Sequencing By Expansion, or “SBX,” which converts DNA into more easily-read polymer, making… Read More

movingworldsceo

MovingWorlds raises cash, looks to connect volunteers with non-profits

MovingWorlds, the Seattle-based company which offers to connect skilled volunteers with non-profit organizations, social enterprises and startups around the world, has raised a seed investment round to help propel it towards a public release of its platform. The company raised $375,000 from investors including the Seattle Impact Investing network and Investors Circle. According to MovingWorlds… Read More

Matt Williams

Ex-Digg CEO raises $3.5M from Jeff Bezos, Andreessen Horowitz and others for Pro.com, giving you price estimates for home projects

There’s a new online home improvement startup in town, and this one comes with an experienced tech executive at the helm and some serious deep-pocketed investors. Former Digg CEO Matt Williams, who ran Seattle-based LiveBid.com from 1996 to 1999, when it was acquired by Amazon.com, has formed a new startup company by the name of… Read More

Liz Pearce

LiquidPlanner raises $8M, relishing role as underdog in online project management

LiquidPlanner faces no shortage of competition in the online project management arena. Rivals Clarizen and AtTask have raised more than $50 million to date. And, earlier this week, Bellevue-based Smartsheet pulled in $35 million, at triple the valuation of an earlier round, bringing total funding to $70 million. Despite those deep-pocketed competitors, LiquidPlanner keeps chugging… Read More

Kiran Bhageshpur

Stealthy data center infrastructure startup Igneous Systems raises $23.6M series A from NEA, Madrona and others

Igneous Systems has been operating in stealth mode since the company was formed with a $3 million seed round last fall. And not much is going to change now that a huge $23.6 million series A financing has arrived from New Enterprise Associates, Madrona Venture Group, Redpoint Ventures and Isilon co-founder Sujal Patel — a round… Read More

Photo via Shutterstock

Shrinkage: Number of VC professionals plummets 60% in past 10 years, funds decline 25%

The venture capital business — which many have proclaimed is fundamentally broken — continues to contract amid changes in how capital is deployed to startup companies. The latest evidence comes via the National Venture Capital Association’s annual Yearbook, which shows a 25 percent drop over the past 10 years in the number of venture funds…. Read More

barber-schrock

ComiXology investor Columbia Pacific announces $100M late-stage tech fund

There’s a little more money floating around for later-stage technology companies in the Pacific Northwest. Seattle-based Columbia Pacific today is formally announcing a $100 million fund, led by two long-time technology investors, former investment director at Intel Capital Jeff Schrock and former Comerica Bank vice president Kevin Barber. To date, the fund — which was formed… Read More

Aaron Goldfeder

EnergySavvy raises $7M to help utilities roll out energy efficiency programs

EnergySavvy has reeled in $7 million in venture financing, cash that the Seattle company will us to continue to market its software to utilities across the country. The deal was led by San Francisco’s Prelude Ventures, with existing investors also participating. EnergySavvy’s online tools help utilities operate energy-efficiency programs, with customers such as Puget Sound… Read More

Boris Wertz

Venture capitalist Boris Wertz joins Andreessen Horowitz in part-time board partner role

Many in the Pacific Northwest technology scene may already be familiar with Boris Wertz, the Vancouver, B.C. super angel who started his own venture capital fund at Version One Ventures. The former AbeBooks exec is involved in a number of startup companies along the Cascadia corridor, from Seattle cosmetics upstart Julep to Vancouver fashion startup… Read More

Al Luderer

Seattle blood test startup Indi raises $47.25 million

Seattle’s life sciences industry is getting another boost. Integrated Diagnostics, a Seattle company developing blood-based proteomic tests, has raised $30.25 million in series B funding and $17 million in debt financing. Investors in the round include Baird Capital, InterWest Partners and the Wellcome Trust. The company, which operates under the name Indi, is led by… Read More

junotherapeutics

Jeff Bezos-backed Juno Therapeutics closes series A at $176M, appoints new execs

Seattle biotechnology startup Juno Therapeutics, which is developing immunotherapies for cancer, said it has closed its series A financing round at $176 million. That marks one of the largest early-stage financing rounds for a biotechnology company. Juno had previously announced $145 million in funding, including cash from ARCH Venture Partners; the Alaska Permanent Fund; Bezos… Read More

Utrip co-founder and CEO Gilad Bernstein.

Utrip raises $750K to help plan your next vacation itinerary

Planning a trip can be a stressful task, and one Seattle startup wants to use artificial intelligence and local expertise to do it for you. Utrip today launched out of beta and also announced that it has raised $750,000 in a round led by Virtuoso CEO Matthew Upchurch and New York-based CB Alliance. Utrip, founded in April 2011… Read More

cardiacdimensions

Cardiac Dimensions raises $20M to sell heart-valve repair technology

AlCardiac Dimensions, a Kirkland-based company building heart-valve repair technology, today announced a $20 million round of financing led by M. H. Carnegie & Co. and Lumira Capital. Founded in 2001, Cardiac Dimensions has developed a way to address cardiovascular conditions with its Carillon Mitral Contour System, a non-surgical device that treats a form of congestive heart failure… Read More

Act-On founder and CEO Raghu

Marketing automation startup Act-On raises $42M, sets sights on IPO

In one of the bigger tech-related fundraising rounds that the Portland area has seen over the past year, Beaverton, Ore.-based marketing automation software company Act-On today announced $42 million in new financing. Act-On builds cloud-based software that helps businesses of all sizes manage their marketing efforts across various categories from e-mails to analytics to SEO. Today’s… Read More

Jane Park

Julep raises $30M in oversubscribed round, looks to build big beauty brand

With revenues more than tripling last year and new beauty products in the works, Seattle cosmetics and e-commerce powerhouse Julep has raised $30 million in fresh funding. Azure Capital, Madrona Venture Group and Altimeter Capital participated in the round, joining existing investors Maveron and Andreessen Horowitz. Total funding in Julep — founded seven years ago… Read More

vcdeals-dollars

Mega-financing rounds push VC totals higher: $10 billion invested in 880 deals in Q1

A series of very large financing deals — including Cloudera ($900 million); TangoMe ($280 million); and Domo Technologies ($125 million) — helped propel U.S. venture capital totals to the highest level since second quarter of 2001. Investments jumped 44 percent to $10 billion, while deal activity rose five percent compared to the same quarter last… Read More