Seattle tech companies are hitting their strides this month. Several startups raised significant capital last week while others announced notable acquisitions. Find out what these companies are up to next. This is the Built In Seattle weekly refresh.
Highspot gained $248M. Highspot is a Seattle-based company that provides an enablement sales management platform, giving sales teams the tools and resources needed to be successful. Highspot raised a Series F funding round that was co-led by B Capital Group and D1 Capital Partners. These funds will allow the company to increase its number of employees and grow demand for its product. [Built In Seattle]
Redfin acquiring Bay Equity Home Loans. Redfin, a Seattle-based brokerage company, is set to buy Bay Equity Home Loans, a mortgage lender, for $135 million. The cash and stock deal will scale Redfin’s business and its number of agents. The deal is set to close in Q2. [Puget Sound Business Journal]
SEATTLE TECH QUOTE OF THE WEEK
SeekOut became a tech unicorn. A $115 million Series C round led by Tiger Global Management brought SeekOut’s valuation to $1.2 billion, securing unicorn status. SeekOut uses AI and its Talent 360 software to help companies find qualified candidates while also reducing any potential biases. The funding will be used toward employee retention and career development. [Built In Seattle]
DexCare gained $50M. The Series B funding round was led by Transformation Capital with participation from investors like Kaiser Permanente, Define Ventures and others. DexCare’s platform-as-a-service (PaaS) for health care systems connects people with the type of care they are looking for. The company will use the funding for multiple initiatives, including hiring and further investing in its products and technology. [FinSMEs]
Pendulum brought in $5.9M. Misinformation online is a continuous problem. While major media outlets try to combat misinformation, Pendulum is also working to combat the issue with AI and machine learning solutions to manage any potentially harmful or false information. The company raised $5.9 million in seed funding from Madrona Venture Group, which will go toward expanding its platform and adding to its team. Pendulum has several open positions currently available in Seattle and other locations. [Built In Seattle]
