Tech industry activity on the Puget Sound picked up slightly last week. A couple of local companies secured new venture funding and others have grown through moves like acquisitions. Find out the latest with the Built In Seattle Weekly Refresh.
RealWear announced plans to go public via a SPAC. RealWear, a Vancouver-based device manufacturer, announced plans to go public by merging with special purpose acquisition company Cascadia Capital. RealWear makes assisted reality headsets for industrial workers for guided workflow and more. The deal values the newly combined company at $375.5 million. [GeekWire]
Rebellyous Foods secured $9.5M. The foodtech company engineers plant-based meat alternatives that are comparably priced to chicken products. Its equity funding from investors like Liquid 2 Ventures will help deploy its production equipment. Rebellyous’ products are currently in more than 1,000 retail locations across the U.S. [Rebellyous]
Seattle Tech Quote of the Week
“With the acquisition of Captain Wallet, we are enhancing our value with a new mobile marketing channel that will allow all our users to better engage with their customer base. We are excited about bringing a turnkey solution to retailers and retail brands of all sizes to help them easily and effectively manage all of their activation and customer loyalty programs within the same platform.” — Mickael Arias, Sendinblue CRO
Sendinblue acquired Capital Wallet. Digital marketing company Sendinblue is building out its solution with mobile wallet capabilities from Captain Wallet. Following the acquisition, Captain Wallet will remain an independent brand and benefit from Sendinblue’s global reach that spans 180 countries. [Built In SEA]
Taqtile hired a new COO. The company aims to help industrial workers perform their jobs more efficiently by means of augmented reality and 3D visualization. Taqtile announced the addition of Craig Olson to its executive team. Currently seated as Taqtile’s new chief operating officer, Olson was formerly an executive at SteelSeries. [Business Wire]
