fundraising News

Underwear maker TomboyX raises $4.3M, aims to tackle ‘lack of inclusivity’ in fashion industry

TomboyX just raised another round of investment to make more gender-neutral underwear. The Seattle startup reeled in a $4.3 million Series A round led by TAU, with participation from Redbadge Pacific and SBI Investments Korea. Total funding is $6.3 million to date. Founded in 2013 by married founders Fran Dunaway and Naomi Gonzalez, TomboyX targets “plus-sized, gender non-conforming and specialized tradespeople” with its apparel products. “TomboyX was founded to combat the lack of inclusivity in the fashion industry. We created products that are highly functional, of premium quality, and wearable by all,” Dunaway said in a press release. TomboyX was… Read More

Spocket raises $1.2M for platform that allows anyone to become an e-commerce retailer

This week, Spocket closed a $1.2 million fundraising round to double the Vancouver, B.C., startup’s team and push further into social media e-commerce. Plug and Play Ventures, Panache Ventures, 7 Gate Ventures, and Mistral Venture Partners participated in the round. Spocket takes care of inventory and on-demand shipping for small online retailers. The startup wants to be the world’s largest marketplace for dropshipping, a retail fulfillment method. Dropshipping has emerged as a new way for online sellers to get up and running. When a customer buys a product, the retailer purchases it from a third party and has it shipped directly,… Read More

MirrorCache raises cash for smart hotel mirrors as hospitality industry uses more tech

More and more technology is making its way into the hospitality industry, and Seattle startup MirrorCache is the latest example. The company is raising $750,000 to further develop its smart mirror product, which has grabbed the attention of giant hotel chains such as Disney, Marriott, Hyatt, Sheraton, and others. The smart mirror functions as a smart safe with a touchscreen mirror that enables access to hotel concierge, room service, video, in-room audio and temperature control, and personalized content. MirrorCache makes money from unit sales, service agreements, and revenue sharing with local businesses that surface content on the mirrors. The product… Read More

Breaking News founders launch Factal, delivering real-time news and incident alerts to companies

When NBC News shut down its popular Breaking News website and app in late 2016, the team heard not just from general news consumers but also from disappointed users at big companies and organizations around the globe. They had come to rely on the service for 24/7 real-time news and incident updates to protect employees and assets from threats around the globe. “These companies were using Breaking News in a way that we really just hadn’t anticipated,” recalled Cory Bergman, who was the Breaking News co-founder and general manager. That insight was the genesis of Factal, a new Seattle-based startup unveiled… Read More

RFP response automation software startup RFPIO raises $25M

RFPIO, a Beaverton, Ore.-based startup that develops request-for-proposal response automation software, has raised a $25 million funding round from K1 Investment Management. Founded in 2015, RFPIO streamlines the RFP response process by allowing customers to upload Word, Excel, and PDF proposal documents into its platform. The company’s technology can parse content from the documents and use AI to recommend potential answers based on previous RFP-related work. There are also project management collaboration features and integrations with applications such as Salesforce, Microsoft Dynamics, Google Drive, Slack, and others. Customers using RFPIO include LinkedIn, ServiceNow, Zoom, Adobe, and others from a wide spectrum… Read More