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Weekly Startup Funding Report: 24 Deals Raise $1.3B Ending 6/20/26 Highlighting KLIPY and Ergo
The Weekly Notable Startup Funding Report for the week ending 6/20/26 highlights over $1.3 billion raised across 24 startup deals, including significant rounds for companies like KLIPY ($3.8M) and Ergo ($2.8M). These startups operate in diverse sectors such as short-form media platforms and AI revenue infrastructure.
Midas Raises $80M Series B in August 2025 to Become Turkey’s Largest Fintech Super-App with 3.5 Million Users
Midas, a Turkish retail investment platform with 3.5 million users, raised an $80 million Series B in August 2025, the largest fintech round in Turkey, to expand beyond investments into payments. The company aims to become a comprehensive financial super-app by integrating services like a Midas Card and peer-to-peer transfers to encourage users to keep and spend money within the app.
Chainguard Raises $280M from General Catalyst Six Months After $356M Series D, Valued at $3.5B
Seattle-based cybersecurity startup Chainguard secured $280 million in new financing from General Catalyst’s Customer Value Fund, six months after raising $356 million in a Series D round, bringing its total funding to $892 million and valuation to $3.5 billion. The company, which helps secure open source software supply chains and serves over 200 customers, grew its annual recurring revenue to $40 million in fiscal year 2025.
Former Outreach CEO Manny Medina Launches London-Based Startup Paid with $10M to Monetize AI Agents
Manny Medina, co-founder and former CEO of Outreach, has launched Paid, a London-based startup focused on monetizing AI agents, backed by over $10 million in funding. Medina stepped down as Outreach CEO in September and now serves as executive chairman while Paid aims to simplify billing and monetization for AI builders.
Chainguard Raises $140M Series C, Achieves $1.12B Valuation Becoming Seattle's Newest Cybersecurity Unicorn
Seattle-based cybersecurity startup Chainguard raised $140 million in a Series C round, reaching a $1.12 billion valuation and becoming a unicorn. Founded in 2021, the company focuses on securing software supply chains for major clients and has rapidly grown its customer base and revenue.
Yifan Zhang Joins AI2 Incubator as Managing Director; Dropbox, Marchex, and Seattle Startups Appoint New Tech Leaders
Yifan Zhang, former Loftium co-founder, is joining the AI2 Incubator as managing director starting February 2024, while several Seattle tech companies made key executive hires including Dropbox, Marchex, Simply Augmented, and Chainguard.
Seattle-Area Startup Chainguard Raises $61M Series B to Secure Open Source Software Supply Chains
Chainguard, a Kirkland-based cybersecurity startup focused on securing open source software supply chains, raised $61 million in a Series B funding round led by Spark Capital. The company has tripled its annual recurring revenue recently and counts Hewlett Packard Enterprise and Snowflake among its customers.
Outreach Cuts 12% of Staff Amid Economic Pressures, Aiming for 2024 Profitability
Seattle-based sales software startup Outreach laid off 12% of its staff amid shifting economic conditions and ongoing cost-cutting efforts, aiming for profitability next year. This follows previous layoffs of 5% in August 2022, 7% in February 2023, and another 5% last month, with some business functions being offshored to Mexico City and India.
Outreach Lays Off 70 Employees, 7% of Workforce, and Pauses Office Expansion Amid Missed Revenue Targets
Seattle-based sales software startup Outreach is laying off 70 employees, about 7% of its workforce, following a failure to meet revenue targets and amid a broader tech industry slowdown. The company will also suspend merit increases and delay office expansion as it aims for operational efficiency and profitability.
IA40 Spotlight: Cresta Co-founder and CEO Zayd Enam on Using AI to Empower People to be More Productive
We've all struggled with call center experiences. Madrona's Ishani Ummat talks with Cresta Co-founder and CEO Zayd Enam about the unique angle Cresta takes to leverage AI to drive a better customer experience in real time. The two dive into the important topic of how AI can be used to help empower people to be more productive. we hear the story of why Zayd dropped out of his Ph.D. program to pursue launching his own company based on what he explains as the "schlep blindness" of contact centers. He also discusses the unique way he landed his first customer, which…
Chronosphere raises $200M Series C led by General Atlantic, valuation tops $1B
Chronosphere, founded in 2019 by former Microsoft and Uber engineers Martin Mao and Rob Skillington, raised $200 million in a Series C led by General Atlantic, valuing the company above $1 billion. The cloud-native data observability startup has grown ARR 9x in 2021, has 80 employees (plans to add 35), and has raised $255 million total.
Outreach raises $50M Series F led by Sands Capital, valuing Seattle startup at $1.33B
Seattle sales-engagement startup Outreach raised a $50 million Series F led by Sands Capital, bringing its valuation to $1.33 billion and total funding to $289 million while holding more than $100 million in cash. The company says the funding bolsters its position amid COVID-19 as remote selling increases and over 4,000 customers use its platform.
Rover lays off 41% of staff (194 people) amid COVID-19, extends health benefits for six months
Seattle-based pet care startup Rover laid off 41% of its workforce (194 employees impacted) and put an additional 9% on standby due to revenue declines from COVID-19; about 275 employees remain and affected staff receive six months of extended health benefits and extended stock option exercise windows.
