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Fierce Biotech Tracker: InduPro raises $77M Series B; Vaderis nets $152M Series B to advance cancer and rare-disease candidates
Fierce Biotech's fundraising tracker lists biotech venture rounds of $50M+ for August, highlighting InduPro's $77M Series B to advance its bispecific ADC IDP-001 into a phase 1 trial and Vaderis Therapeutics' $152M Series B to fund a phase 3 study of AKT inhibitor engasertib for hereditary hemorrhagic telangiectasia.
Harbor Health Acquires Seattle Dementia Care Startup Rippl to Expand Chronic Condition Services
Harbor Health, an Austin-based healthcare company, has acquired Seattle dementia care startup Rippl, which provides specialized dementia care technology and support. Founded in 2021, Rippl’s platform will integrate into Harbor Health’s chronic care services as the combined company aims to improve dementia care quality and reduce costs.
Seattle Social Commerce Startup Nectar Social Raises $10.6M to Expand AI Marketing Tools
Seattle-based social commerce startup Nectar Social, founded by sisters Misbah and Farah Uraizee in 2023, announced $10.6 million in funding to advance its AI-driven marketing tools that connect brands with consumers on social media platforms. The company aims to replace traditional digital ads with personalized, conversational engagement focused on Gen Z and Gen Alpha.
Seattle Dementia Care Startup Rippl Raises $23M to Expand Virtual Services to California, Florida, and Arizona
Seattle-based dementia care startup Rippl raised $23 million to expand its virtual healthcare services into California, Florida, and Arizona, growing beyond its current states of Washington, Texas, Illinois, and Missouri. Founded in 2021, Rippl has raised a total of $55 million and partners with the Alzheimer's Association to provide accessible, non-hospital dementia care.
Former GeekWire Writer Nathan Bek Named First Associate at Ascend.vc to Drive Deal Sourcing and Content Creation
Ascend.vc has hired former GeekWire writer Nathan Bek as its first Associate to source deals, conduct diligence, create content, and support portfolio companies. Bek joins a notable group of reporters-turned-VCs and will focus on Seattle startups alongside Jen Haller.
Rippl Care Hires Jamie Sharp as Chief Medical Officer to Lead Senior Mental Health Program; Other Seattle Tech Startups Announce Key Executive Appointments
Seattle startup Rippl Care appointed Jamie Sharp, former Aetna VP and chief medical officer, as its new chief medical officer to advance its mental health care program for seniors. Additionally, Diego Oppenheimer joined Guardrails AI as co-founder, PitchBook hired Paul Stoddart as CMO, and Tasso appointed Monica Williams as CFO.
AltPep Raises $52.9M to Advance Early Detection and Treatments for Alzheimer’s and Parkinson’s Diseases
AltPep, a University of Washington spinout developing tests and treatments for Alzheimer’s and Parkinson’s, raised $52.9 million in Series B funding to advance clinical trials and regulatory approval for its early detection blood test. The company targets toxic oligomers linked to Alzheimer’s and a related protein in Parkinson’s, aiming to enable early screening and preventive treatment.
Seattle Startup Ever.green Secures $6.1M Seed Funding to Accelerate 20 GW/Yr Clean Energy Marketplace
Ever.green, a Seattle startup, raised $6.1 million in seed funding to expand its marketplace that connects corporations funding clean energy with developers building renewable projects, aiming to accelerate solar and wind power deployment. The platform also leverages investment tax credits from the Inflation Reduction Act to help scale renewable energy infrastructure rapidly.
Seattle Entrepreneur Ryan Mulcahy Acquires Sook to Boost Nationwide Small Business Discovery Online
Seattle entrepreneur Ryan Mulcahy acquired Sook, a tool initially built by Jonathan Sandals to help shoppers discover small businesses online. Mulcahy expanded Sook from a browser extension to a full website featuring small business products nationwide, aiming to help them compete against Amazon and other tech giants.
Upbound raises $60M Series B led by Altimeter; total funding $69M — Klue secures $62M
Seattle-based Upbound raised $60 million in a Series B led by Altimeter Capital to expand its Universal Cloud Platform and Crossplane open-source project for multi-cloud management, bringing total funding to $69 million. Vancouver-based competitive intelligence startup Klue also raised $62 million to aggregate competitor data for enterprise customers.
Clearbrief raises $1.2M from Sequoia, Madrona and Avvo founder to commercialize AI legal-writing tool
Seattle startup Clearbrief raised $1.2 million from investors including Sequoia Capital, Madrona Venture Group and Avvo founder Mark Britton to commercialize AI-powered legal writing software that checks sentences against supporting evidence and integrates with Microsoft Word and the cloud.
Madrona leads $27M round in Fauna; Bob Muglia named executive chairman, Eric Berg becomes CEO
Madrona Venture Group led a $27 million investment in Fauna, the San Francisco-based database startup founded by two former Twitter engineers, bringing total funding to $57 million and appointing Bob Muglia as executive chairman and Eric Berg as CEO. Fauna focuses on cloud-native, serverless-accessible databases (FaunaDB) and will add Madrona’s S. Somasegar to its board.