September 2020 PNW Venture Deals
Here are the PNW startups that announced new fundraising rounds in the month of September. These 40 companies raised more than $450M last month!
Series B and Later Rounds 🚀
- Silverback Therapeutics - Therapies designed to modulate fundamental disease pathways - $85M Series C led by EcoR1 Capital
- Virogin - Oncolytic virus technology designed to treat tumors - $62M Series C led by CDH Investments
- Seeq - Advanced analytics for process manufacturing data - $28M Series B led by Chevron and Saudi Aramco
- Thinkific - Platform to create and sell online courses and membership sites - $22M round led by Rhino Ventures
- Cardiac Dimensions - Right-heart transcatheter mitral valve repair device - $17.5M Series C
- Lumen Bioscience - Biologic drug platform to provide orally delivered antibody drugs - $16M Series B
- Owl Insights - Behavioral health platform using patient reported outcome measures - $15.5M led by Blue Venture Fund
- BulletProof - Food and beverage products designed to enhance health and performance - $13M round led by Beliv
- Eclypsium - Enterprise device security platform - $13M round
Series A Rounds 🛫
- Pure Watercraft - All-electric boats and outboard motors - $37.6M Series A led by L37 Ventures
- Polyverse - Security company using polymorphing technology - $16M Series A
- Optimize.health - Software for remote patient monitoring programs - $15.6M Series A led by US Venture Partners
- Klue.com - Software platform to collect competitive and market intelligence - $15M Series A led by Craft Ventures
- Cloudentity - Identity and access management for API security - $13M Series A led by ForgePoint
- Boundless - Online immigration services for spousal visas and naturalization - $7.5M Series A1 led by Foundry Group
- Spiceology - Freshly ground gourmet spices - $6.6M Series A
- Fitplan - Customized fitness programs from top trainers - $6.2M round
- Attunely - ML platform for receivables management - $6M Series A
- Brüush - Direct-to-consumer electric toothbrush - CAD 6.5M Series A
Seed Rounds 🌱
- ThruWave - Millimeter wave technology to see through packaging - $6.4M round
- Immusoft - Technology to deliver protein therapeutics using a patient’s own cells - $4.5M round
- Nori - Blockchain-based marketplace for carbon removal - $4M Seed led by Placeholder
- The Dyrt - Campground search and review - $3.8M round led by Helios Capital Ventures
- WhyLabs - AI observability platform to analyze data from ML models - $4M Seed led by Madrona
- Inmedix - Devices to assist people suffering from autoimmune diseases - $3.5M Seed led by Keiretsu Forum
- Intelage - End-to-end solution to manage global trade - $3.5M Seed led by Blumberg Capital
- Cloud Paper - Tree-free toilet paper made with ultra-soft bamboo - $3M Seed led by Greycroft
- SturdyAI - Software to analyze client communications - $2.3M Seed
- VegaCloud - Cloud automation and optimization platform - $2.3M Seed led by Kick-Start
- Resonance AI - Software to analyze video - $2.3M Seed
- AltPep - Peptide-based platform for diagnosing and neutralizing amyloid diseases - $2.1M Seed
- Cozy Finance - Risk management platform for decentralized finance - $2M Seed led by Electric Capital
- Uberbinder - Low carbon concrete and asphalt - $1.4M Seed led by Espey Shaw
- Zuper - Tool for field workforce collaboration - $1.1M Seed led by Prime Venture Partners
- Sironix - Eco-friendly cleaning ingredients derived from plants - $1.1M Seed
- PreAct Technologies - Pre-collision automotive safety technology - $1.05M Seed
- DeepSurface - Predictive network vulnerability management - $1M Seed led by Cascade Seed Fund
- Olive - Collaborative vendor selection software - $1M Seed led by Active Capital
- DeepSurface Security - Software to predict and measure risk on enterprise networks - $1M Seed
- Mindcurrent - Personalized suggestions from experts to reduce stress - $870K of equity crowdfunding
M&A and IPOs 💥
- Athira Pharma - Drug development company treating neurodegenerative diseases - $204M IPO
- VitalWare - Mid-revenue cycle solutions for hospitals - Acquired by Health Catalyst for $120M
- RapidVisa - Online immigration service for visas and green cards - Acquired by Boundless
Thoughts and Observations 🧐
- Wow! I think this is the longest list of PNW fundraises I have ever published. September was a busy month at every stage!
- Special shout out to WhyLabs because one of their cofounders is a colleague from Madrona. Maria, we will miss you!!
- Athira Pharma was the first WA state IPO led by a female CEO in twenty years!
- Cool that one of the M&A deals this month was a local startup acquiring another startup - congrats to Xiao and the Boundless team!