Portland startup Candid lands $2M to help brands and retailers run their wholesale business online

Candid is a software program meant to help retailers with their online wholesale efforts. (Candid Photo) New funding: Portland, Ore.-based startup Candid raised $2 million to help retailers and other businesses run their wholesale efforts online. The tech: Candid’s subscription-based service allows customers to bring wholesale-related communication and invoices all to the same platform. Avery … Read more

Facebook acquires Seattle virtual reality gaming company BigBox VR, makers of Population: One

Big Box VR co-founders Chia Chin Lee (left) and Gabe Brown. (Mekhato Photo / Taylor Soper) Seattle startup BigBox VR, the company behind multiplayer virtual reality game POPULATION: ONE, has been acquired by Facebook. Facebook was drawn to BigBox due to the popularity of POP: ONE, which has been one of the top-performing titles on … Read more

Remitly files initial IPO paperwork as Seattle fintech company prepares to go public

Remitly CEO Matt Oppenheimer. (Remitly Photo) Remitly is going public. The mobile remittance company said Wednesday it confidentially submitted a draft registration statement with the SEC for its proposed IPO. Reuters reported last month that Remitly had hired investment banks as it prepared to go public at a valuation of around $5 billion. Remitly’s last … Read more

Sujal Patel-led Nautilus Biotechnology goes public as it tackles ambitious plan to analyze proteins

Nautilus Biotechnology co-founders Sujal Patel (left) and Parag Mallick. (Nautilus Photo) Nautilus Biotechnology is emerging as Seattle’s newest publicly traded company this week, taking advantage of the mania over SPACs to raise $345 million to fuel a new approach that could accelerate biomedical research and transform drug development. The Seattle company, which will trade on … Read more

E-commerce boom lifts another startup as Shipium lands $8M to help retailers keep up with Amazon

The Shipium team. (Shipium Photo) Online shopping has surged amid the pandemic, forcing e-commerce companies to ramp up their fulfillment capacity. That’s good news for startups building e-commerce software such as Shipium.  The Seattle startup just raised $8 million to help online retailers with technology that improves operations inside their fulfillment centers. It’s the latest … Read more

Ex-Microsoft leaders land $5.1M from GitHub co-founder, ex-Snowflake CEO for new startup Aserto

Aserto co-founders Gert Drapers (left) and Omri Gazitt. (Aserto Photo) Gert Drapers and Omri Gazitt have more than six decades of experience working in engineering and product leadership roles at companies including Microsoft, HP Cloud, Puppet, and Hulu. Now they’re teaming up on a new startup building authorization-as-a-service software. Aserto announced a $5.1 million seed … Read more

Version One raises $100M for two new funds, will continue focusing on Seattle as key geography

Boris Wertz and , partners at Version One Ventures. (Version One Ventures Photo) Version One Ventures has raised $100 million across two new funds: $70 million for its core Fund IV dedicated to pre-seed and seed-stage investments, and $30 million for its Opportunities Fund II that lets the firm continue backing existing portfolio companies. That’s … Read more

Ex-Google and Amazon engineers raise $5M to help developers test and fix software bugs

YourBase CTO John Ewart (left), and CEO Yves Junquiera. (YourBase Photo) New funding: Seattle startup YourBase landed a $5 million seed round led by Lightspeed Venture Partners. The 3-year-old company sells software that helps developers run tests on their codebase. Making changes to code and then testing to make sure there is no regression can be … Read more

E-commerce firm Stackline raises $130M in latest giant funding round for Seattle-area startups

Some of the Stackline team, pre-pandemic. (Stackline Photo) New funding: E-commerce startup Stackline landed $130 million from TA Associates as part of a Series B round. It comes less than a year after Stackline raised a separate $50 million round. It’s also one of the largest funding rounds for a Seattle-area startup this year, coming … Read more