D.C. tech companies wasted no time coming back from Thanksgiving. Four companies brought in new investments last week and two acquisitions were announced, each further strengthening the already robust offerings of these D.C. tech companies. Read on for the latest news. This is the Built In DC weekly refresh.
Procurated raised $10M. Similar to Yelp reviews of restaurants and retail stores, Procurated allows government purchasing professionals to browse thousands of reviews about suppliers written by approximately 8,000 verified public sector employees. This kind of tool is something procurement officers – those who pick suppliers for government contracts – haven’t really had before and many are still unaware of the product. This is why Procurated plans to use the funds to increase brand awareness. [Built In DC]
Demex raised $9M. The weather tech startup helps businesses assess risks related to climate disasters and then builds custom coverage from insurance partners. Having what The Demex Group calls “climate resistance” is increasingly important for businesses as the cost of natural disasters continues to increase. Just this year, the damages from natural disasters in the U.S. cost $104.8 billion. Using historical data and current weather patterns, Demex helps businesses analyze, price and transfer climate-linked risks at scale. [Built In DC]
DC Tech Quote of the Week
Strivacity raised $9.3M in Series A funding. The company offers a no-code solution to customer identity and access management of digital services. With Strivacity brands can manage user identity, access and content across platforms, all in one place. Instead of spending a lot of time and money developing user-facing security and data consent features, Strivacity allows companies to plug in their API and get back to work on more exciting and profitable projects. [Built In DC]
FiscalNote acquired FrontierView. This is FiscalNote’s tenth M&A of the year. FiscalNote primarily offers legal and policy intelligence to help companies stay in compliance as new legislation is signed into law. With Frontierview, the company will expand its offerings in private market intelligence. This news comes after the announcement of FiscalNote’s plans to go public via SPAC merger. [Built In DC]
Babyscripts added $7.5M to its Series B funding raise. This brings the virtual maternity care platform’s Series B to $19.5 million, adding to the $12 million raised in September. Babyscripts offers end-to-end support for expectant and postpartum mothers as well as their healthcare providers. Its mission is to reduce maternal mortality and improve access to care for mothers from conception through one year postpartum. [Built In DC]
Level Access acquired Tenon to expand digital accessibility offerings. The two companies use a combination of centralized and distributed accessibility program models to help thousands of companies make their websites accessible to disabled users. Tenon’s focus on testing websites and auditing their accessibility combined with Level Access’ 25 years of experience bringing companies’ digitals assets in compliance with accessibility standards aims make for a more equitable internet. [PR Newswire]