A handful of companies pulled in small funding rounds last week, and they have big plans with the fresh capital. Learn what else is new on the Seattle tech scene. This is the Built In Seattle weekly refresh.
Cabana secured $10M. For those looking to travel to picturesque locations without booking a hotel, this startup offers rentable vans to suit their living needs. Cabana closed on a Series A round co-led by Craft Ventures and Goldcrest Capital. The money will help it to fuel growth, increase the number of vans in its fleet and introduce a larger van offering. It’s also hiring, with 10 positions currently listed. [Built In Seattle]
Moderne got $4.7M. Offering a SaaS solution built to help companies accelerate software development, the startup pulled in a round of seed funding to invest in its code migration automation platform. With its True Ventures-led capital, Moderne will invest in growing its engineering team and expanding its platform’s capabilities. [Globe Newswire]
Seattle Tech Quote of the Week
Syndio pulled in new funding. Backed by Penny Jar Capital, the VC firm of NBA athlete Stephen Curry, Syndio provides software designed to eliminate hiring bias based on race, gender and ethnicity. The fresh capital enables Syndio to onboard new team members across departments like engineering, operations and product, as well as grow its platform. [Built In Seattle]
Microsoft reached a $2T market cap. As demand for its cloud services surges, the tech giant’s stock was up 1.1 percent last week, marking an increase of over 20 percent this year. The company recorded its largest growth in revenue since 2018, with $41.7 billion and $15.5 billion in profits in Q1 2021, up 19 percent and 44 percent respectively year-over-year. [GeekWire]
bttn. raised $1.5M. With this seed funding, the company will invest in its technical, sales and operations teams. Using data science, bttn. helps medical facilities avoid equipment shortages and optimize their spending. The platform automates certain parts of the medical supply chain, saving its customers valuable money and time. [Built In Seattle]
