From real estate to software development, several companies on the Seattle tech scene pulled in mid and large-sized funding rounds last month. Read on to learn how the companies that raised the most funding in June are planning to upgrade the industries we all depend on.
#5. $60 million, June 30
Founded in 2016, EchoNous has developed ultrasound tools and software that are guided by AI. This allows medical professionals to get a better look at their patients’ hearts, lungs and abdomens in order to diagnose medical issues. The company raised $60 million in funding from Kennedy Lewis Investment Management, which will help accelerate the launch of its products.
#4. $80 million, June 7
Based in Bellevue, this company provides more than 12,000 businesses in the beauty, wellness and fitness industries a software platform with tools to help manage their business. It announced an $80 million extension to its Series D funding round led by TPG that now brings its valuation to about $1.5 billion. Having recorded 100 percent overall growth during 2020, the company’s next move is to invest in mergers and acquisitions with the new capital.
#3. $130 million, June 8
Outfitted with a $130 million equity investment from TA Associates, the company is working to help businesses build out their e-commerce presences. Stackline provides retail brands with tools for e-commerce analytics, retail market intelligence, shopper trend research and more. With the cash, Stackline is planning to fuel growth through new platform features, partnerships and hiring.
#2. $150 million, June 10
The real estate industry has been bustling recently. Luckily for those looking to buy a home, Flyhomes’ platform offers tools for finding an agent, booking a tour, making cash offers and more. Norwest Venture Partners and Battery Ventures co-led the Series C round for the company, bolstering its plans for expansion into new locations. It’s also hiring across a variety of departments.
#1. 200 million, June 2
Premji Invest and Steadfast Capital Ventures led a $200 million financing round for software developer Outreach that now values it at over $4.4 billion. Its platform has grown with the global shift to remote work as it works to help sales teams with its sales engagement, conversation intelligence and revenue intelligence tools. Outreach is planning to invest its latest round of funding on scaling its sales and marketing efforts and expanding into additional markets.
