Led by Simple co-founder, Portland startup Sila raises $7.7M to grow fintech infrastructure platform – GeekWire

Sila’s co-founders, from still left to ideal: Shamir Karkal Alexander Lipton Angela Angelovska-Wilson and Isaac Hines. (Sila Image) Fintech startup Sila just lifted $7.7 million to assist developers include banking and payment capabilities to their items. Madrona Venture Team and Oregon Venture Fund led the massive seed spherical. The Portland, Ore.-based mostly startup provides an […]

Former Microsoft exec raises $11M for IoT startup Blues Wireless – GeekWire

Ray Ozzie at the inaugural GeekWire Summit in Seattle. (File Photo, Annie Laurie Malarkey) Collaboration software package pioneer and previous Microsoft executive Ray Ozzie has lifted $11 million for his most current startup, Blues Wi-fi, an IoT organization that aims to make it straightforward to join almost any item to AT&T’s mobile community for a […]

Seattle machine learning startup OctoML raises $15M from Amplify and Madrona – GeekWire

OctoML CEO Luis Ceze. (Madrona Picture) OctoML is charging ahead with its machine studying deployment software program and on Friday declared a $15 million financial commitment spherical to help help development. The Seattle startup spun out of the University of Washington this past July, when it elevated a $3.9 million seed spherical. Started by a […]

Life insurance startup Jenny Life raises $3.5M, sees huge engagement spike due to COVID-19 – GeekWire

Lots of tech startups are looking at a decline in enterprise exercise due to the COVID-19 outbreak. Which is not the case for Jenny Lifetime, a Seattle existence insurance coverage startup that is going through an 800% spike in client engagement given that the novel coronavirus started spreading in the U.S. Jenny Lifetime nowadays declared […]

OfferUp raises $120M, will acquire rival Letgo; OLX Group to own 40% of combined entity – GeekWire

OfferUp CEO Nick Huzar. (OfferUp Image) It is a major day for OfferUp. The Bellevue, Clean.-dependent cell marketplace startup nowadays declared a $120 million funding spherical and an arrangement to get Letgo, a rival commerce app that also allows individuals acquire and provide utilized goods. OLX Group, the on-line classifieds company of Prosus, led the […]

Ride Report raises $10M to help cities manage data from shared scooters and bikes – GeekWire

The Ride Report team. (Ride Report Picture) Ride Report declared a $10 million expense spherical to fuel development of its info system that can help town governments handle shared mobility fleets. The Portland, Ore.-primarily based startup serves 60 towns and oversees just about 100,000 unique vehicles being rolled out on streets and sidewalks throughout the […]

Seattle biotech startup Silverback Therapeutics raises $78.5M – GeekWire

Peter Thompson, co-founder and CEO of Silverback Therapeutics. (OrbiMed Advisors Photo) Seattle biotech startup Silverback Therapeutics elevated a $78.5 million financial investment spherical to guidance progress of its therapies for most cancers, fibrosis, and other situations. Started in 2016, Silverback’s ImmunoTAC technological know-how can supply drugs systematically but only concentrate on areas of the human […]

curb expenses; assess hiring; don’t panic; be human – GeekWire

Vital Takeaways Amid the coronavirus outbreak, investors are telling startup founders to glance carefully at income forecasts, employing ideas, fees and each individual other assumption about their small business. Turmoil can also present prospect, as transforming marketplaces and conditions create new challenges to address and alternatives for startups to increase their companies. Complicated instances convey […]

Vote for the top funding deal amid a record 2019 for Pacific NW startups – GeekWire

Convoy co-founder Grant Goodale accepts the VC Deal of the Calendar year Award in 2019. (GeekWire Picture) Pacific Northwest entrepreneurs have lengthy complained about the problems of securing funding as opposed to nearby Silicon Valley, where by undertaking cash flows much more freely. But the finalists in our Deal of the Calendar year: Funding group […]