April 2020 PNW Venture Deals
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Here are the PNW startups that announced new fundraising rounds in the month of April. Despite the COVID slowdown, these 28 companies raised $220M+ last month!
Series B and Later Rounds 🚀
- 98point6 – On-demand, text-based primary care platform - $43M Series D
- Avalyn - Biopharma company developing therapies for idiopathic pulmonary fibrosis - $35.5M Series B led by Norwest
- Vera Whole Health - Operator of 26 clinics that offer advanced primary care for employers and insurers - $10M round
- Laird Superfood - Organic food brand producing creamers, mushroom blends, and freeze-dried coconut water - $10M round from Danone
- Ayogo - Engagement platform designed to measure and monitor perceived self-efficacy - $7.5M Series B led by Merck
- Blaze Bioscience - Biotech company developing “Tumor Paint” to improve surgical outcomes - $5M Series B2
- Qorus - Sales enablement platform for building personalized proposals and presentations - $5M round led by WestRiver Group
- Buurst - Dedicated cloud NAS and hybrid cloud data platform - $5M round
Series A Rounds 🛫
- OctoML - Platform for optimizing and automating the deployment of ML models - $15M Series A led by Madrona and Amplify
- Rodeo Therapeutics - Small-molecule therapies for enhancing tissue repair and regeneration - $9M Series A1
- GrowFlow - Compliance software for cannabis growers, processors, and retailers - $8.75M Series A led by TVC Capital
- Form - Augmented reality swimming googles - $8.5M Series A
- Rebellyous Foods - Nuggets made from wheat, soy and other plant products- $6M Series A led by Clear Current Capital
- AuthorDigital - Storytelling game designed to connect players across disparate genres - $5.5M round from Super.com
- Intelage - Trade platform for suppliers, buyers, logistics providers, and financial institutions - $5M round led by Blumberg Capital
- Jenny Life - Exam-free life insurance policies for busy parents - $3.5M Series A led by CMFG Ventures
Seed Rounds 🌱
- Sila - Banking, digital wallet, and ACH payments API - $7.7M Seed led by Madrona and Oregon Venture Fund
- Center - Real-time expense software and corporate debit card for mid-market companies - $5M round
- NextStep - Learning and hiring platform focused on training CNAs and Certified Caregivers - $3.6M round led by SpringRock
- Gemma Labs - Direct-to-consumer haircare company offering personalized shampoos and conditioners - $3.5M Seed
- Imperative - Peer-coaching platform to empower leaders and managers - $3M Seed led by Voyager
- Damon Motorcycles - Electric motorcycle with advanced sensor system to track objects around the motorcycle - $3M Seed
- Asensys - High-performance blockchain system based on asynchronous consensus zones - $2.7M Seed
- Megh Computing - FPGA platform for real-time streaming analytics - $2.5M round led by Vulcan
- Bateau - Compliance software for managing operations at multi-location businesses - $1.5M Seed led by Founders’ Co-op
- Myosana Therapeutics - Gene therapies that slow skeletal muscle degeneration and heart failure - $1M Seed led by CureDuchenne
- Unison Migraine - Biofeedback therapy to decrease and prevent migraine pain - $500K Seed
M&A and IPOs 💥
- Shiftboard – Employee scheduling software - $8M fundraise and merger with Vancouver-based SchedulePro
- Cloudneeti - Cloud security and compliance software - Acquired by Zscaler
Thoughts and Observations 🧐
- Not sure if it’s coincidence, but definitely more deals in life sciences, healthcare, and food last month
- Local VCs are on 🔥! New deals by Founders’ Co-op, Vulcan, Voyager, SpringRock, Oregon Venture Fund, WestRiver Group, and Madrona!