Washington Startups See Spike in Investing Dollars in December
Washington startups must have been good this year, because they sure did nab some serious dollars come holiday time. The state’s tech and life sciences companies collected a total of $69.4 million across 17 equity-based financings, nearly triple November’s funding pot, according to data on venture, angel, and growth equity financing provided by CB Insights FundingFlash.
The size of individual deals got bigger in December, too. Washington startups collected more deals in November (19), but that added up to a relatively small sum of $24.4 million. That’s less than the biggest deal alone last month, a $27 million Series C round for Seattle-based DocuSign. Scale Venture Partners led the round for DocuSign, which provides software-as-a-service products for collecting signatures electronically.
That deal helped the Internet sector to win the prize as the best-funded industry of the month, pulling in $44.7 million across seven deals. The software space came in second with $20.3 million, across two big deals: $15 million for Bellevue, WA-based manufacturing software provider Xenon Arc, and $5.3 million for VoiceBox Technologies, a voice recognition software maker also of Bellevue.
Healthcare investing slowed in December, a pattern also observed in Massachusetts startup investing last month. No single Washington healthcare deal broke the $1 million mark last month, and as a group, companies raised $2.3 million across five deals, compared to the $11.7 million that five healthcare companies raised in November.
Read below for all 17 Washington equity deals last month.
Washington startups also collected $1.4 million in non-equity deals, all listed below.