November 2020 PNW Venture Deals
Here are the PNW startups that announced new fundraising rounds in the month of November. These 24 companies raised more than $275M last month!
Series B and Later Rounds 🚀
- Vooks - Library of read aloud animated storybooks - $22M round
- Battlefy - Platform for managing esports events - $4.6M round
Series A Rounds 🛫
- MacroHealth - Data-driven healthcare procurement solutions - $54M Series A
- Umoja Biopharma - Integrated in vivo immunotherapy platform - $53M Series A led by MPM Capital and Qiming Venture Partners
- Stackline - Online retail intelligence platform - $50M Series A led by Goldman Sachs
- Bumped - Tools to reward customers with shares of stock - $35.4M Series A led by Canaan
- Attunely - ML platform for receivables management - $9.4M Series A led by Framework
- SkyHive - Enterprise workforce reskilling platform - $8M Series A led by AllegisCyber and Accenture
- Vimly Benefit Solutions - SaaS platform for benefits administration - $6.8M round
- WattBuy - Electricity management platform - $3.25M Series A led by Evergy Ventures
Seed Rounds 🌱
- Elevāt - Cloud-based industrial IoT platform - $9.5M Seed led by D4
- Solstice Innovations - Insurtech digital platform - $4.95M Seed
- Lightfox Games - Developer of socially connected mobile games - $3.8M Seed
- Joon - Teletherapy for young adults - $3.81M Seed led by Route 66
- Quantum Pigeon - Premium messaging app for influencers - $2.2M Seed
- Concure Oncology - Innovative treatment for breast cancer - $2M round
- A Kids Book About - Publisher of kids books about challenging topics - $1.25M Seed
- The House of LR&C - Ecommerce platform for sustainable consumer goods - $1.05M Seed
- Plunk - Mobile app designed to help homeowners maximize their equity value - $1M Seed
- Puffworks - Organic peanut butter puffs - $880K Seed
- Veana Therapeutics - Developer of α-TEA-based cancer immunotherapies - $830K Seed
- Arrived Homes - Rental home investment platform - $580K Seed
- Muse - Productivity app intended to help people develop ideas - $560K Seed
- Funl - End-to-end go-to-market data platform - $524K Seed
M&A and IPOs 💥
- Cradlepoint - LTE and 5G wireless edge solutions - $1.1B acquisition by Ericsson
- Pathable - Event platform for virtual, hybrid, and in-person events - Acquisition by Community Brands
Thoughts and Observations 🧐
- 🦄 New unicorn alert! Boise-based Cradlepoint, a provider of wireless edge solutions, was acquired for $1.1B last month. Founded in 2006, their last valuation was $414M in 2017
- Not many later stage deals but some very big Series As, such as Stackline, which raised $50M from Goldman Sachs in its first outside capital raise
- Great to see seed activity in core Seattle startup sectors like real estate (Arrived, Plunk) and gaming (Lightfox)
- Russell Wilson launched a new company with Ciara and Christine Day (former CEO of Lululemon), The House of LR&C