Some big news came out of the Seattle tech scene this past week. See how these companies are closing out February with funding rounds, team expansions and more. This is the Built In Seattle weekly refresh.
Fabric raised $140M. Fabric is the “headless” e-commerce platform that helps small to mid-size companies reach customers and change or update their digital storefronts easily. Fabric raised $140 million in a Series C round that brought it into unicorn status. The funding will fuel product development as well as add automation into its platform. [Built In Seattle]
Nori raised $7M. Nori provides carbon credits through a blockchain-backed marketplace for companies and individuals to buy, which then can be used to pay for carbon removal services. A blockchain token can be received for every metric ton of CO2 removed, such as for farmers who are able to use sustainable farming to put carbon back into the soil. Nori raised $7 million in a Series A round led by M13. Nori is planning to launch its own token, NORI, which will put a price on a tonne of carbon dioxide. [Business Wire]
SEATTLE TECH QUOTE OF THE WEEK
Tagboard gained $8M. Tagboard is the cloud-based platform that creates interactive content for sports broadcasting, recently partnering with NBC Sports to broadcast interactive content for the 2022 Beijing Winter Olympics. The company raised $8 million in a Series A round that was co-led by Grayhawk Capital and Next Frontier Capital and will go toward accelerating its growth. [Built In Seattle]
Coinme expanded its leadership. Coinme, a cryptocurrency and cash exchange network, announced Brian Reisbeck as its chief compliance officer. Reisbeck will ensure Coinme maintains regulatory compliance standards. He is a financial industry veteran with 20 years of experience in finance and, recently, in cryptocurrency trading. [Yahoo! Finance]
