2019 saw some big investments in the Seattle tech scene, with the top 10 funding rounds raising over $1.2B combined. Convoy took the top spot with a staggering $400M investment, while Flyhomes took in a $141M Series B. Read on for the full list of this year’s top fundings.
Top Seattle Startup Funding Rounds in 2019
- Convoy: $400M
- Flyhomes: $141M
- Remitly: $135M
- Icertis: $115M
- Outreach: $114M
- Auth0: $103M
- Getty Images: $100M
- Highspot: $60M
- Amperity: $50M
- Zenoti: $50M
#9 (tied), $50 million, May 1
Zenoti tailored its business management software specifically to the needs of salons and spas. Tiger Global Management led the Series C round. Other investors included Norwest Venture Partners and Accel.
#9 (tied), $50 million, July 15
Amperity’s software uses AI to analyze customer data so companies can provide a more personalized experience. Tiger Global Management led the Series C funding, with participation from Goldman Sachs, Declaration Partners, Madera Technology Partners and Madrona Venture Group. This brought the company’s total raised to $87M.
#8, $60 million, June 4
The sales enablement platform includes tools for content management and customer engagement. The Series D went toward hiring new staff, opening a new Seattle HQ, and an office in the U.K. The round brought its funding total to $124M.
#7, $100 million, February 1
Getty Images offers visual content, with over 300 million assets, including photos, videos and music. The investment came from its family investment vehicles and Koch Equity Development LLC. The funding will facilitate further growth.
#6, $103 million, May 20
7,000 organizations depend on Auth0 for user management, API security, identity protection on their platforms and more. Sapphire Ventures led its Series E round, which brought Auth0 to unicorn status. The funding allowed the company to move forward with its international growth.
#5, $114 million, April 16
The Outreach platform automates tasks such as rescheduling meetings when an out-of-office message is detected. The venture capital round, led by Lone Pine Capital, brought its total raised to $239M. Other investors included Lemonade Capital, Microsoft Ventures, and Four Rivers Group.
#4, $115 million, July 17
Icertis’ contract management software helps companies understand if they’re in breach of contract, or when changes are made to agreements they’re bound by. The Series E round, co-led by Greycroft and Premji Invest, brought its valuation to over $1B. The company earmarked the funds for investment in its proprietary blockchain framework and the deepening of its platform.
#3, $135 million, July 10
Remitly wants to make it easier for immigrants to send money back home, so it’s developed an app to help. The Series E round, led by Generation Investment Management, brought the company to unicorn status. The funds went toward expanding the company’s services.
#2, $141 million, August 15
Real estate brokerage firm Flyhomes uses machine learning and financial tools to make home purchases more affordable. Canvass Ventures led the Series B funding round, with participation from Andreessen Horowitz. The company plans to expand into additional markets.
#1, $400 million, November 13
Started in 2015, Convoy wants to reduce the number of wasted miles where truckers drive with under-capacity loads. The huge Series D funding round brought its valuation to $2.7B. Investors included Baillie Gifford, Fidelity Management, Jeff Bezos and Al Gore’s venture fund.
