Haute Secure Scores $1.6M, Second Ave Invests in Fanzter, LookStat Gets Funded, & More Seattle-Area Deals News
Gregory T. Huang3/10/09Leave a CommentFollow @gthuang
It was a very quiet week for deals in the Northwest, with just a trickle of activity in software, security, and biotech.
—Seattle-based Haute Secure, a software firm focused on computer security against malware, raised about $1.6 million in Series A funding. Investors in the round included Silicon Valley firms Baseline Ventures and Sherpalo Ventures.
—LookStat, a Seattle-area startup that makes software for analytics and workflow automation for the microstock photography industry, has received an investment from Founder’s Co-op, a Seattle-based seed-stage fund. (The news was mentioned in passing by investor Andy Sack at a financing talk.) The amount of the investment and the closing date weren’t announced, but Founder’s Co-op tends to invest between $250,000 and $500,000 in early-stage tech companies.
—Luke reported that Seattle-based VPDiagnostics received a $2.9 million grant from the National Institutes of Health to run a clinical trial of its MRI technology for determining a patient’s risk of stroke. The technology is based on 15-plus years of research at the University of Washington.
—Seattle-based Second Avenue Partners renewed its investment in Fanzter, a Collinsville, CT-based new media company. The $2 million Series B financing round was led by Steamboat Ventures. Fantzer, which was also backed by Seattle investors Curious Office Partners and Rich Barton (from Zillow), runs a celebrity website called Coolspotters.com.
—Seattle startup TrafficGauge, a provider of road traffic information in real time, was acquired by Networks In Motion, a mobile navigation and search company based in Aliso Viejo, CA. Financial terms were not disclosed. TrafficGauge first rolled out a mobile traffic map in Seattle in 2003.
Gregory T. Huang is Xconomy's National IT Editor and the Editor of Xconomy Boston. You can e-mail him at gthuang@xconomy.com, call him at 617-252-7323, or follow him on Twitter at @gthuang.
