(Photo via Bigstock)

Venture capital dollars are flowing into Seattle-area companies in near-record numbers, but most of the cash is going to more mature startups.

Dow Jones VentureSource released its quarterly U.S. venture capital report, showing the highest amount both invested and raised by VC firms in the past three years nationally.

The spike was more pronounced in the Seattle region, which reached $793 million in capital invested for Q2 — the highest since 2015, and the second-largest amount since the dot-com era. That’s up from $591 million the quarter prior, and more than double from Q4 of 2017.

While the $793 million pales in comparison to the Bay Area ($10.49 billion in Q2 of this year), it’s still a notably big number for the Seattle tech ecosystem.

Companies like Rover ($155 million), Qumulo ($93 million), and Outreach ($65 million) helped draw large amounts of capital into the region. Other big rounds during the past quarter include:

Auth0 ($55 million)
Nohla Therapeutics ($45 million)
RealSelf ($40 million)
SkyKick ($40 million)
Cardiac Dimensions ($39 million)
Just Biotherapeutics ($35 million)
Tango Card ($35 million)

While the total amount invested increased, deal count for the Seattle area came in at 44 for Q2, around average from …read more

Source:: GeekWire

      

(Visited 4 times, 1 visits today)

Leave a Reply

Your email address will not be published. Required fields are marked *