Month: July 2018

103 posts

GeekWire 200 update: It’s the era of giant funding rounds, and Seattle-area startups are benefiting

Rover staff
It’s a good time to be raising venture capital in the Pacific Northwest, and startups on the GeekWire 200 are benefiting nicely from that trend. Investors poured $793 million into Seattle area startups during the second quarter — the highest since 2015, and the second-largest amount since the dot-com era of the late 1990s and early 2000s. The Pacific Northwest still ranks behind regions such as Northern and Southern California, the Mid-Atlantic and New England in the the recent Dow Jones Venture Source quarterly report, but money is flowing across a variety of sectors. One of the key trends we’ve noticed: Some… Read More

Nintex acquires New Zealand process mapping company Promapp

Bellevue, Wash.-based Nintex has acquired Promapp, a New Zealand firm that helps companies identify and automate their business processes. The companies did not disclose the terms of the deal. A spokeswoman said Nintex will roll Promapp’s capabilities into the Nintex platform and retain the Promapp brand. Nintex is buying Promapp, which was founded in 2002 by Ivan Seselj and is now co-owned by Richard Holmes, to help its customers — manufacturers, financial service firms, healthcare providers and government agencies — get a bird’s eye view of their complicated business processes, the company said. A Nintex spokeswoman said that sometimes companies can’t… Read More

Real estate investment platform CrowdStreet raises $8M to develop new products and services

Portland, Ore.-based CrowdStreet, the crowdfunding commercial real estate investment platform, has raised $8 million in a Series B funding round led by Grotech Ventures. CrowdStreet, founded in 2013, wants to transform the commercial real estate industry. The platform builds a framework for online property investing. Real estate developers or operators can crowdfund capital and manage property offerings online, and CrowdStreet helps connect those developers and potential investors, charging developers a posting fee. “Hundreds of sponsors and thousands of investors now use the CrowdStreet platform to raise capital and invest in real estate to build wealth,” CrowdStreet CEO Tore Steen said… Read More

DreamBox Learning raises $130M, adds former U.S. Education Secretary to board

DreamBox Learning, the Bellevue, Wash., maker of an adaptive K-8 math education platform, announced Tuesday that it has raised a whopping $130 million. The funding comes exclusively from The Rise Fund, a venture capital firm focused on social impact. The Rise Fund will take a majority stake in DreamBox and Arne Duncan, former U.S. Education Secretary and senior education advisor to The Rise Fund, will join DreamBox’s board of directors. The news is a big milestone for DreamBox, which is arguably the most prominent education technology startup in the Seattle area. The company said the funding will go towards scaling all aspects of… Read More