Yapta Closes Series B, PhysioSonics Scores $2M More, Powerit Talks Strategy, & More Seattle-Area Deals News
It was a slow week for deals in the Northwest, with just a trickle of activity in software, Internet, and medical devices. We’ll see if things pick up after the holiday weekend.
—Bellevue, WA-based PhysioSonics raised $2 million in equity funding from undisclosed investors, as Luke reported. The maker of ultrasound technology for monitoring blood flow in the brain, led by chief executive Brad Harlow, previously raised $4 million last June from Johnson & Johnson Development Corp. Its device is designed to help doctors track the effects of drugs in stroke patients and people with head injuries, as Luke wrote in a company profile.
—Seattle-based Yapta, a travel website that tracks airfare and hotel prices, closed a $2 million Series B investment round led by Voyager Capital in Seattle. The round also included Swiftsure Capital, W Media Ventures, Bay Partners, and First Round Capital. Founded in 2006, Yapta is led by CEO Tom Romary and has raised $7.7 million in total funding.
— Seattle-based Escapia raised $1.6 million, led by existing investors including Steven D. Murch, Buerk Dale Victor, and Atlas Accelerator, as Eric reported. Escapia, founded in 2000, hosts online vacation rental software. The new funds will be used to expand the software’s capabilities and customer base.
—Rachel took a closer look at what Seattle-based energy efficiency firm Powerit Solutions is doing with its recent funding—$6 million last month from Siemens Venture Capital, ArcelorMittal, @Ventures, and Expansion Capital Partners. The short answer: it is expanding globally, but carefully. Powerit (pronounced Power-eye-tee) makes hardware and software to help industrial facilities monitor their energy use and adjust it according to changes in electricity rates.