Washington Startups See Spike in Investing Dollars in December

1/28/11Follow @xconomy

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.

By posting a comment, you agree to our terms and conditions.

  • http://tebecom.com Tebe

    So now our project consists of three parts:

    1. TebeCom.com – still a huge business platform. Here we haven’t made any considerable changes.
    2. Click&Get Application – an application that can be integrated in any place, be it a page on social network, a blog, or a personal website.
    3. Trade Engine – an application for business users of our platform, the same TebeCom.com, but for a company’s webpage.

    All these resources are connected with each other via our unique Click&Get mechanism.

    The huge advantage of this platform is that being an ordinary user of Facebook or Blogger, you can trade with all users of the whole platform, which include Facebook, MySpace, Blogger, Orkut, Bebo, Odnoklassniki, vKontakte, and a lot of other resources from all around the world!

    In the next article we’ll provide a comparative analysis of our application with Payvment and Ecwid. our siteTebeCom