Tag Archives: Funding

Online media vets launch The Cool Down, a platform aspiring to be America’s go-to climate site

From left: The Cool Down co-founders Dave Finocchio, CEO, and Chief Content Officer Anna Robertson. (TCD Photos) Dave Finocchio, co-founder and CEO of the popular sports media outlet Bleacher Report, and Anna Robertson, an ABC and Yahoo News executive, were concerned about climate change. But when California blazes repeatedly engulfed their communities with smoke and…

Roche to acquire Good Therapeutics’ lead drug program for $250M, plus milestone payments

Seattle-based Good Therapeutics designs therapies that can be administered systemically for targeted activation in the body. (Good Therapeutics Graphic) Pharmaceutical giant Roche will acquire Good Therapeutics, reeling in its lead program six years after the Seattle startup was founded to design drugs that operate only where needed in the body. Roche will make an upfront…

Adaptive Biotechnologies inks deal with healthcare fund to beef up balance sheet

Adaptive moved into its new headquarters last September. Co-founders Harlan (left) and Chad Robins on the new plaza. (GeekWire Photo / Charlotte Schubert) Adaptive Biotechnologies will raise up to $250 million in a deal announced Monday with healthcare investment firm OrbiMed, which will receive a cut of Adaptive’s revenue as part of the agreement. OrbiMed…

Nuclear energy company co-founded by Bill Gates raises $750M, one of the largest rounds in Seattle tech history

TerraPower’s lab tests the equipment and processes for next-generation nuclear reactors. (GeekWire Photo / Kevin Lisota) TerraPower, a Bellevue, Wash.-based nuclear power company co-founded by Bill Gates, landed $750 million in new funding. It’s among the largest funding rounds ever for a privately held Seattle-area company, and one of the biggest for a nuclear energy…

Seattle company developing non-invasive glucose monitor raises more cash in new public offering

Know Labs’ experimental KnowU device (left) and UBand wristband. (Know Labs Images) Know Labs, a Seattle company aiming to measure glucose levels through the skin using radio waves, added more cash to its balance sheet as it listed Friday on the NYSE American Exchange. The company, originally founded in 1998, was already a public entity,…

Amazon Care vets raise $5M for virtual health startup focused on Latino patients

Zócalo Health founders Erik Cardenas and Mariza Hardin. (Zócalo Photo) A new virtual healthcare startup, Zócalo Health, has raised $5 million to fuel plans to provide primary care focused on the Latino population. Seattle-based Zócalo was co-founded last year by CEO Erik Cardenas and Mariza Hardin, head of strategy and operations, who were early hires at…

Madrona Venture Labs spinout aims to take the pain out of insurance claims

Outbound AI founders. clockwise from top left: Stead Burwell, Jonathan Wiggs, Kshitij Moghe and Justin Ith. (Outbound AI Photos) Outbound AI has a prescription for one of the biggest headaches of the medical system: interacting with insurance companies and other payers to process claims. The Seattle startup emerged Tuesday with a software product, PayerVA Console,…

Mental health startup focused on seniors launches with $32M, backing from Arch Venture Partners

Rippl co-founders Inca Dieterich (left) and Kris Engskov. (Rippl Photo) The news: Rippl, a Seattle startup focused on the mental health of seniors, launched Wednesday with $32 million in seed funding. The company is developing a care program focused on seniors with dementia and other neurocognitive conditions. The model: Rippl will provide 24/7 virtual access…

Startup developing a hand-held ultrasound tool for the bedside lands $57M

EchoNous’ Kosmos ultrasound system. (EchoNous Image) EchoNous, which markets a compact, AI-powered ultrasound tool, has raised $57 million. The funding was noted in a recent regulatory filing and confirmed by a spokesperson. The Redmond, Wash.-based startup expects to raise an additional $15 million by the end of September as part of the Series D round,…

Lithos, a Seattle agtech startup that uses basalt rocks to help farmers remove carbon, lands $6.3M

The Lithos co-founders scoping some basalt, from left to right: Mary Yap, Chris Reinhard and Noah Planavsky. (Lithos Photo) Lithos, a Seattle startup applying carbon capture technology in an agricultural setting, announced Thursday that it raised a $6.29 million seed funding round. Lithos provides a permanent carbon removal strategy by spreading the dust of crushed…