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Spotnana - Travel’s First Open Innovation Platform, Launches With $41 Million in Funding
Spotnana - Travel’s First Open Innovation Platform, Launches With $41 Million in Funding
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Spotnana - Travel’s First Open Innovation Platform, Launches With $41 Million in Funding

– Spotnana Technology emerged from stealth mode and announced $41 million in funding. The funding includes a $34 million Series A led by ICONIQ and Madrona Venture Group.
– Spotnana is the first technology company to build an open global innovation platform for travel.
– The company’s TMC service is now live with more than 50 early corporate travel customers, providing seamless global service for business travelers and empowering administrators to manage travel across dozens of global offices from one single online dashboard.
– The funding will be used to expand the services available on the Spotnana platform and to build sales, marketing, partner, customer success organizations.

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Battlesnake, a Startup that Turns Learning Programming into an eSport, Lands $1.5 Million in Funding
Battlesnake, a Startup that Turns Learning Programming into an eSport, Lands $1.5 Million in Funding
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Battlesnake, a Startup that Turns Learning Programming into an eSport, Lands $1.5 Million in Funding

– Battlesnake announced $1.5m in funding to build on the platform that has grown from a grass roots recruiting platform into a programming game and competition that attracts thousands of developers to have fun and learn new skills.
– Funding was led by Madrona Venture Group with participation from Liquid 2, Ascend, 200 OK, and notable angel investors including Jason Warner (former CTO GitHub) and Chris Aniszczyk (CTO Linux Foundation).
– Started in 2015 as a developer recruiting event in the Pacific Northwest, by 2019 the flagship Battlesnake Tournament in Victoria drew 1,500 participants and spectators.
– Realizing they were onto something Founders Brad Van Vugt, Noah Warder, and Chris Hoefgen rapidly expanded scope, building a global online presence that attracts thousands of developers and spectators monthly.

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Seattle compliance automation startup Strike Graph raises $8M to fuel growth and expand services
Seattle compliance automation startup Strike Graph raises $8M to fuel growth and expand services
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Seattle compliance automation startup Strike Graph raises $8M to fuel growth and expand services

– Seattle compliance automation startup Strike Graph has raised $8m in a Series A funding round.
– The round was led by Information Venture Partners with participation from previous investors Madrona Venture Group, Amplify.LA, Revolution’s Rise of the Rest Seed Fund and Green D Ventures.
– The startup currently has 25 employees and is hiring for remote positions for engineering, marketing, product roles and more.

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University of Washington spinout A-Alpha Bio snags $20M for protein-discovery platform
University of Washington spinout A-Alpha Bio snags $20M for protein-discovery platform
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University of Washington spinout A-Alpha Bio snags $20M for protein-discovery platform

– A-Alpha Bio, a drug development platform company, raised $20m funding.
– The funding was led by Seattle’s Madrona Venture Group and joined by other investors.
– The company plans to build lab space in downtown Seattle and beef up its machine learning team with the funding.
– The company uses information from its datasets to train its algorithms to predict favorable protein interactions.

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Statsig Raises $10.4M in Series A Funding
Statsig Raises $10.4M in Series A Funding
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Statsig Raises $10.4M in Series A Funding

– Statsig is a platform that enables product teams to assess the impact of new features and deliver products to customers.
– The company raised $10.4m in Series A funding.
– The round was led by Sequoia Capital with participation from Madrona Venture Group and several individual investors including Aparna Chennapragada (CPO at Robinhood), Calvin French-Owen (Co-founder of Segment), Dylan Field (CEO & Cofounder at Figma), Fidji Simo (ex-Facebook and CEO at Instacart), Gokul Rajaram (Product Leader at DoorDash), Hadi Partovi (CEO and Founder at Code.org), Jay Parikh (ex-VP at Facebook and co-CEO at Lacework), and Sriram Krishnan (ex-Twitter and General Partner at a16z).
– The company intends to use the funds to continue to expand operations and its business reach.

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Paro Raises $25M in Series B Funding
Paro Raises $25M in Series B Funding
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Paro Raises $25M in Series B Funding

– Paro is a Chicago, IL-based startup on-demand financial expertise company.
– The company raised $25m in Series B funding.
– The round was led by Madrona Venture Group, with participation from existing investors Revolution Ventures, Sierra Ventures and KGC Capital.
– The new investment will be used to accelerate the company’s growth domestically and internationally as well as invest in its AI–powered professional services marketplace.

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Go1 raises $200M at a $1B+ valuation to boost its curated enterprise learning platform
Go1 raises $200M at a $1B+ valuation to boost its curated enterprise learning platform
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Go1 raises $200M at a $1B+ valuation to boost its curated enterprise learning platform

– Go1, a learning and development platform for enterprises, raised $200m in Series D funding.
– The round was led by SoftBank’s Vision Fund 2, AirTree Ventures and Salesforce Ventures co-led this Series D, with Blue Cloud Ventures, Larsen Ventures, Madrona Venture Group, Microsoft’s M12, SEEK, TEN13 and Scott Shleifer and John Curtius from Tiger Global also participating.
– The company has raised $80m in total funding.
– The company has 3.5 million users and more than 1,600 enterprises globally as customers.

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Amperity raises $100M to unify customer data
Amperity raises $100M to unify customer data
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Amperity raises $100M to unify customer data

– Amperity, a Seattle, Washington-based customer data platform, announced it has raised $100 million in series D funding, valuing the company at more than $1 billion post-money.
– Founder and CEO Kabir Shahani said the company will use these funds, which bring its total raised to $187 million, to expand sales and marketing, grow internationally, and invest in R&D.
– Amperity’s latest funding round was led by HighSage Ventures, with participation from existing investors Tiger Global Management, Declaration Partners, Madrona Venture Group, and MaderaTechnology Partners.
– The company has 225 employees, and it expects to grow its workforce to over 300 by the end of the year.

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Madrona Venture Labs spinout Zeitworks raises $2M, taps Seattle tech vet Jay Bartot as new CEO
Madrona Venture Labs spinout Zeitworks raises $2M, taps Seattle tech vet Jay Bartot as new CEO
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Madrona Venture Labs spinout Zeitworks raises $2M, taps Seattle tech vet Jay Bartot as new CEO

– Zeitworks, a Seattle startup that helps companies improve business operations, has raised an additional $2m and added a new CEO.
– Longtime Seattle tech veteran Jay Bartot is joining Zeitworks as its CEO, replacing Ryan Windham, who has led the company since it spun out of Seattle-based Madrona Venture Labs, the startup studio within Madrona Venture Group.
– He was previously CTO for MVL, and worked at Hulu and Alliance Health Networks. Bartot also co-founded startups such as Medify (which was acquired by Alliance) and Farecast, the airfare price predictor startup that was incubated inside of Madrona and was eventually acquired by Microsoft in 2008.

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Lexion raises $11M to expand its AI-powered contract management platform
Lexion raises $11M to expand its AI-powered contract management platform
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Lexion raises $11M to expand its AI-powered contract management platform

– Lexion, a platform leveraging AI to streamline legal contract workloads, announced that it closed an $11 million series A funding round led by Khosla Ventures with participation from Madrona Venture Group and Wilson Sonsini.
– The capital brings the company’s total raised to $15.2 million to date, and cofounder and CEO Gaurav Oberoi says that it’ll be used to support the development of a workflow module designed to help legal teams manage contract intake, negotiations, approvals, and signatures.
– According to Gartner, legal departments will increase their technology spend 300% by 2025, and yet will only realize 30% of the benefit of their contract lifecycle management (CLM) software because of complexities with requirements gathering, change management, and user adoption.

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Zenoti Raises $80M Investment from TPG
Zenoti Raises $80M Investment from TPG
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Zenoti Raises $80M Investment from TPG

– Zenoti from Bellevue develops a software platform for salon and spa businesses.
– Series D funding round was led by TPG with participation of previous investors – Battery Ventures, First Round Capital, and Madrona Venture Group.
– The new investment increases company valuation to almost $1.5b.
– The company intends to use the funds to continue to expand its platform through forthcoming M&A, while providing some liquidity to its employees.

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TerraClear Raises $25 Million for Robotic Rock Picker
TerraClear Raises $25 Million for Robotic Rock Picker
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TerraClear Raises $25 Million for Robotic Rock Picker

– TerraClear announced Series A funding of $25m led by Madrona Venture Group, bringing the company’s total funding to $38m.
– The company is an applied AI and robotics company that has developed a rock picking solution for farms.
– The solution picks rocks up to 300lbs and can pick up to 400 rocks per hour.
– The solution is currently available and the company will be selling a fully autonomous version in the future.
– The company is based in Seattle, Washington.

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Seattle startup Esper raises $30M to grow DevOps platform for IoT device fleets
Seattle startup Esper raises $30M to grow DevOps platform for IoT device fleets
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Seattle startup Esper raises $30M to grow DevOps platform for IoT device fleets

– Seattle startup Esper landed a $30m investment to fuel its fast-growing technology that helps companies manage their cloud-based IoT devices.
Scale Venture Partners led the Series B round, with participation from Madrona Venture Group, Root Ventures, Ubiquity Ventures, and Haystack.
– Total funding to date is $40.6 million.

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Sales tax compliance and audit startup LumaTax raises $4M
Sales tax compliance and audit startup LumaTax raises $4M
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Sales tax compliance and audit startup LumaTax raises $4M

– LumaTax, a tax compliance startup, raised $4m in funding.
– The round was led by Trilogy Equity Partners and joined by Madrona Venture Group, Cowboy Ventures, Greycroft Partners, Vulcan Capital, and KPMG.

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Freight forwarding software startup Logixboard lands $13M
Freight forwarding software startup Logixboard lands $13M
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Freight forwarding software startup Logixboard lands $13M

– Logixboard, a Seattle startup that helps companies manage and control their freight operations, raised a $13m Series A round.
– The round was led by Madrona Venture Group and joined by other investors.
– The company sells a customer engagement platform for the freight forwarding industry.
– The idea is to take a manual process — managing freight shipments by phone, email, Excel, etc. — and instead use software to automate parts of the process while providing data insights.
– The company says it helps customers win — or win back — contracts from Flexport, the freight forwarding startup that was valued at $3.2 billion in 2019.
– Logixboard saw a big bump in customers over the past year as more goods were shipped, ports were congested, and shipping containers were more sparse.

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Doorstead, a Full-Service Property Manager That Provides Cash-Flow Certainty to Residential Landlords with Its Upfront Rental Guarantee, Raises $12.5 Million in Series A Funding
Doorstead, a Full-Service Property Manager That Provides Cash-Flow Certainty to Residential Landlords with Its Upfront Rental Guarantee, Raises $12.5 Million in Series A Funding
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Doorstead, a Full-Service Property Manager That Provides Cash-Flow Certainty to Residential Landlords with Its Upfront Rental Guarantee, Raises $12.5 Million in Series A Funding

– Doorstead, a technology-operations company that specializes in full-service property management, announced today that it has raised $12.5 million in Series A funding.
– The round was led by Madrona Venture Group, an early investor in tech-enabled residential real estate brokerage Redfin. The oversubscribed round also included operating executives from OpenDoor, Uber, and Docusign.
– Doorstead was founded by Uber and Y Combinator veterans Ryan Waliany and Jennifer Bronzo in 2019 to create a new class of property management that applies AI and technology operations to simplify the lives of residential landlords.
– The company targets the 15 million small real estate investors who own 95% of single-family rental residences in the U.S. and are largely underserved today.

Seattle venture capitalist Daniel Li leaves Madrona to launch new startup Plus, which just raised $5.5M
Seattle venture capitalist Daniel Li leaves Madrona to launch new startup Plus, which just raised $5.5M
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Seattle venture capitalist Daniel Li leaves Madrona to launch new startup Plus, which just raised $5.5M

– Daniel Li is leaving Seattle venture capital firm Madrona Venture Group to launch a new startup.
– He’s joined by Chloe Qi, a former colleague at Boston Consulting Group who previously worked at Bay Area startup Webflow.
– The co-founders aren’t sharing much about the new startup, which Li said “sits squarely at the center of two of my core investment themes at Madrona: no code/low code and ‘multiplayer’ productivity.’”
– The company raised a $5.5 million seed round from Madrona and Positive Sum.
– Other backers include founders and CEOs from companies such as Smartsheet, Evernote, Auth0, Qumulo, and Rec Room.

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Legal writing startup Clearbrief raises $1.2M from Madrona, Sequoia, Avvo founder, others
Legal writing startup Clearbrief raises $1.2M from Madrona, Sequoia, Avvo founder, others
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Legal writing startup Clearbrief raises $1.2M from Madrona, Sequoia, Avvo founder, others

– Clearbrief, a new Seattle startup that has developed AI-fueled writing technology for the legal industry, raised $1.2m.
– Venture capital heavyweights Sequoia Capital and Madrona Venture Group invested, in addition to Avvo founder Mark Britton and other tech execs.
– Clearbrief’s software uses natural language processing to assess how a given sentence is backed up by supporting evidence.
– It can be used by lawyers to assess their own work or their competitors’ briefs.
– It can also help judges read a brief alongside evidence, all in one place.
– The idea is to save time and money while improving accuracy; it replaces a process traditionally done by humans.
– The product works inside of Microsoft Word; Clearbrief files can also be accessed in the cloud.

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OctoML Secures $28M to Accelerate ML Model Deployment
OctoML Secures $28M to Accelerate ML Model Deployment
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OctoML Secures $28M to Accelerate ML Model Deployment

– OctoML today announced it has raised a $28 million Series B funding round, bringing the company’s total amount raised to $47 million.
Addition led the round with participation from existing investors Madrona Venture Group and Amplify Partners.
– Built on Apache TVM, the ML open-source stack that powers the “Alexa” wake word and Qualcomm’s machine learning software, OctoML is an ML acceleration platform that automatically maximizes model performance while enabling continuous deployment.
– The company’s flagship product, Octomizer, enables engineering teams to deploy models in hours — not months — on any hardware, cloud provider, or edge device.
– OctoML aims to make machine learning fast, useful, and accessible to any organization, large and small.

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SeekOut Raises $65 Million in Series B Funding to Accelerate Talent 360, an AI-Powered Platform to Find, Hire, Retain and Grow Talent
SeekOut Raises $65 Million in Series B Funding to Accelerate Talent 360, an AI-Powered Platform to Find, Hire, Retain and Grow Talent
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SeekOut Raises $65 Million in Series B Funding to Accelerate Talent 360, an AI-Powered Platform to Find, Hire, Retain and Grow Talent

– SeekOut, the AI-powered Talent 360 platform, today announced $65m in Series B funding led by Tiger Global Management, with participation from existing investors Madrona Venture Group and Mayfield.
– This capital raise brings SeekOut’s total funding to $73m and reflects 10X growth in the 21 months since the company’s Series A round.
– This funding round values SeekOut at close to half a billion dollars.
– SeekOut’s hyper-growth has been driven by the critical role it plays in empowering talent acquisition teams to recruit hard-to-find and diverse talent.
– SeekOut has consistently received high scores and strong reviews in analyst and customer assessments.
– SeekOut is rated #1 in diversity recruiting software by G2.

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Clari revenue forecasting platform snags $150M investment and triples valuation to $1.6B
Clari revenue forecasting platform snags $150M investment and triples valuation to $1.6B
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Clari revenue forecasting platform snags $150M investment and triples valuation to $1.6B

– Clari, a revenue operations platform, raised $150m in Series E funding.
– The round was led by Silver Lake and joined by B Capital Group and existing investors Sequoia Capital, Bain Capital Ventures, Sapphire Ventures, Madrona Ventures, Thomvest and Tenaya Capital.
– The company reports it has now raised a total of $285m.
– The company plans to double its employee headcount by the end of 2021.

Source
Ally raises $50M as remote work drives demand for goal-setting collaboration software
Ally raises $50M as remote work drives demand for goal-setting collaboration software
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Ally raises $50M as remote work drives demand for goal-setting collaboration software

– Ally, a goal-setting collaboration software, raised $50m funding.
– The round was led by Green Oaks Capital, Tiger Global, and Madrona Venture Group.
– Total funding to date is $76m since the company’s launch in 2018 and two previous rounds raised in 2019.
– The company helps companies track and hit their goals, or Objectives and Key Results (OKR).
– Customers include brands such as Dropbox, Nike, Overstock.com and others.

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Knock raises $20M as pandemic drives demand for software used by apartment property managers
Knock raises $20M as pandemic drives demand for software used by apartment property managers
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Knock raises $20M as pandemic drives demand for software used by apartment property managers

– Knock, a software company for apartment property managers, raised $20m funding.
– The round was led by Fifth Wall and joined by Madrona Venture Group, Lead Edge Capital, Second Avenue Partners and Seven Peaks Ventures.
– Vik Chawla, partner at Fifth Wall, will join Knock’s board.

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