Gridline Raised $9M, Fetch Secured $3.5M, and More Atlanta Tech News

Catch up on the latest developments from the Atlanta tech sector.

Written by Ashley Bowden
Published on Mar. 14, 2022
Gridline Raised $9M, Fetch Secured $3.5M, and More Atlanta Tech News
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Photo: Shutterstock

Amid a slower period for venture funding, tech companies in Atlanta are experiencing a bit of a lull so far this month. However, a handful of them still pulled through with smaller capital raises and other developments. This is the Built In Atlanta weekly refresh.

Tech companies are expanding in Atlanta. An attractive business climate and bountiful supply of tech talent are characteristics that are reeling companies from across the country into the Peach State, particularly in the Atlanta metro area. This year, some of the biggest names in tech are capitalizing on the hub’s continuous growth and announced plans to grow their business with local expansions and hiring pushes. Read on to learn which companies are bringing thousands of new career opportunities to the Atlanta tech scene. [Built In Atlanta]

Fetch pulled in $3.5M. The company offers a mobile-first solution for renting trucks and vans. Serving users at any point in the day and offering a variety of pickup locations, Fetch’s marketplace features its own vehicles as well as some rented out by individuals and companies. The platform is investing its NextView-led seed funding in doubling its 12-person workforce across teams like engineering, development, marketing, customer support and partner onboarding. [Built In Atlanta]

Atlanta Tech Quote of the Week

“Currently, the level of uncertainty related to inflation, rising interest rates, and geopolitical risk are putting markets under significant pressure. … Market downturns that result in mark-to-market losses present an opportunity to buy cheaper assets that profit when the market rebounds.” — Logan Henderson, CEO and founder of Gridline

Gridline raised $9M. Operating a platform that helps investors gain access to professionally managed alternative assets, Gridline raised a new round of funding to build out its wealth tech solution. From a range of individual and VC investors, Gridline’s new capital will go toward adding new product offerings to its platform and doubling the size of its 16-person team. [Built In Atlanta]

Growfin secured $1.4M. Its AI-powered SaaS platform helps B2B companies automate accounts receivables, working to help finance, sales and customer success teams collect revenue faster and more efficiently. Following its launch, the company raised funding from 3one4 Capital and angel investors that it plans to invest in its product-market fit and hiring across its product and go-to-market teams. [Built In Atlanta]

Forbes ranked Atlanta companies as top startup employers. On its latest list, Forbes ranked 500 companies across the nation that are making extra efforts to attract and maintain talent. Offering SaaS solutions, online marketplaces and more, two of the top local companies ranked within the top 30, learn which names are turning heads on the bustling Atlanta tech scene. [Built In Atlanta]

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