Warmer summer weather and sunshine were abundant in Seattle last week and local tech companies were lighting up with fresh funding. Catch up on the tech news you may have missed with the Built In Seattle Weekly Refresh.
Glowforge raised $43M in a Series E round. Glowforge is a Seattle-based creator of user-friendly 3D printers aimed at meeting a variety of creative needs. The printers offer several cutting speeds as well as power outputs. The 3D printers can handle various materials including stone, wood, leather and paper. The Series E round brings Glowforge’s total capital raised to $113.2 million. [Built In Seattle]
Loopie secured close to $1M. The Seattle-based startup, founded in 2018, secured funding from early Uber investor Jason Calacanis and his angel investing firm LAUNCH Syndicate. Total funding raised for Loopie now stands at $3.8 million. The company’s app connects people with laundry machines and dryers to those without who can then use the app to pay to get their laundry done. Since launching, Loopie has expanded to eight more cities, including Austin, Atlanta, Chicago, Denver, Dallas, San Diego and Washington, D.C. [Built In Seattle]
Seattle Tech Quote of the Week
POSaBIT announced that it expects to raise $3.75M. Kirkland-based POSaBIT, founded in 2015, is planning a sale of almost 6,000 shares of stock. Existing investors are expected to purchase the majority of the stock sale which will be used to support an eight-state launch by year’s end. POSaBIT previously raised $9.6 million in venture funding and went public on the Canadian Securities Exchange in 2019. POSaBIT’s digital payment systems work with point-of-sale hardware to help cash-only businesses. [Built In Seattle]
Mpathic secured a $4M seed round. Founded in 2021, Seattle-area startup mpathic is led by CEO and co-founder Grin Lord, a former psychologist. The startup’s software takes email conversations, audio calls and texts and analyzes them with the goal of finding any possible misunderstandings or misinterpretations, allowing for real-time adjustment. Mpathic’s goal is to encourage more empathy in corporate communications. [GeekWire]
