Seattle Firm Curious Raises $16M to Acquire Struggling Software Startups Facing Cash Crunch

Seattle-based investment firm Curious, led by former Bitly CMO Andrew Dumont, raised $16 million to acquire struggling software startups with $500K to $5M in annual recurring revenue that are running out of cash or failing to meet growth targets. The firm aims to provide a long-term home for startups abandoned by venture capital amid a tightening fundraising environment.