Trilogy Equity Partners
Facts
- HQ
- 777 108th Avenue NE, Suite 2500, Bellevue, Washington, 98004
- Sectors
- Venture Capital and Private Equity Principals
- Founded
- 2005
- Employees
- 21
Seattle Startup JetClosing to Shut Down on June 15 After Six Years Digitizing Home Closing Process
JetClosing, a Seattle startup founded in 2016 to digitize the home closing process using technology, is shutting down on June 15, 2022. The company struggled amid a cooling housing market and strong competition despite offering faster, cheaper, and more transparent services.
Betterment to acquire Seattle crypto robo-advisor Makara, joining crypto investing to its $32B platform
Betterment agreed to acquire Seattle crypto robo-advisor Makara, which launched in May 2021 and offers thematic crypto baskets; Betterment manages $32 billion for nearly 700,000 clients. Makara spun out of Strix Leviathan, was founded by Jesse Proudman and others, and raised about $3 million in seed funding while pursuing a Series A.
GeekWire surveys Seattle-area VCs to name Pacific Northwest startups they predict will become unicorns in 2022
GeekWire surveyed more than a dozen Seattle-area venture capitalists for their picks of Pacific Northwest startups likely to reach unicorn status this year, compiling a list of candidate companies with reasons for each selection. The piece notes rising valuations nationwide and excludes VCs' own portfolio companies to reduce bias.
MLOps Startup Comet Raises $50M Series B Led by OpenView, Reaching Nearly $70M Total Funding
Comet, an MLOps startup providing a platform to manage the entire machine learning lifecycle, raised $50 million in a Series B round led by OpenView, six months after a $13 million Series A. The company has grown its annual recurring revenue fivefold and counts 150 customers, including Uber and Etsy.
Remitly prices IPO at $43, values company near $7B and raises $300M+ as shares debut on NASDAQ
Remitly, a 10-year-old mobile remittance company, priced its IPO at $43 per share valuing the firm near $7 billion and raised over $300 million in net proceeds as it began trading on NASDAQ; shares opened at $53 and closed at $48.45 on debut. CEO Matt Oppenheimer framed the IPO as a step in the company’s mission to simplify cross-border money transfers for immigrants and their families.
Remitly files to raise up to $332.6M in IPO at roughly $6.5B valuation with $38–$42 price range
Remitly set IPO terms expecting to raise $284.6 million (up to $332.6 million with overallotment) at $38–$42 a share, valuing the Seattle fintech about $6.5 billion. The company reported $202M revenue and a $9.2M net loss in the first half of the year and competes with firms like Wise and Zepz.
Remitly Global files for IPO to raise up to $294 million by selling 7 million shares at $42, ticker RELY
Seattle-based Remitly Global filed to go public aiming to raise up to $294 million by selling 7 million shares at up to $42 each, with its board and management planning to sell an additional 5,162,777 shares; the fintech serves predominantly immigrant customers sending money from several developed countries to over 115 destinations.
Remitly files S-1 ahead of IPO after 2020 revenue doubles to $257M and $1.5B valuation
Remitly filed an S-1 ahead of a conventional IPO, reporting $257M revenue and a $32.5M net loss for 2020 and $202M revenue with a $9.2M loss in H1 of the current year, with a $1.5B valuation from a July funding round and roughly $16.1B in trailing 12-month send volume.
CoderPad acquires Seattle startup AdaptiLab’s technical interviewing platform as founders James Wu and Allen Lu launch a new developer-focused company
Seattle startup AdaptiLab has sold its technical interviewing platform to CoderPad; terms were not disclosed. Founders James Wu and Allen Lu, who raised $1.8M in a 2019 seed and $2.2M total, are launching a new developer-focused company later this year with existing and new investors.
Shipium raises $8M to help retailers optimize fulfillment and compete with Amazon
Seattle startup Shipium raised $8 million to provide API-driven fulfillment software that helps online retailers optimize shipping decisions and compete with Amazon amid a pandemic-driven e-commerce surge.
Ganaz raises $7M Series A led by Trilogy Equity to expand ag workforce software and launch Mastercard Payroll Card
Seattle-based Ganaz raised $7 million in a Series A led by Trilogy Equity to expand its workforce-management and emerging financial tools for the agricultural sector, serving over 175,000 workers and 75 employers across the U.S. and Mexico. The company plans to roll out a Mastercard Payroll Card to digitize pay and paperwork, expand into eight Latin American countries this year, and grow headcount by 30+.
Educative raises $12M Series A to expand coding-learning platform, plans to grow headcount to 300 by end of 2021
Seattle-based coding education startup Educative raised a $12 million Series A to expand its interactive platform used by more than 550,000 developers and enterprise customers like LinkedIn, Samsung and Ford, bringing total funding to $14.6 million.
Boundless raises $25M to expand immigration software services; aims to triple staff after RapidVisa deal
Seattle-based immigration software startup Boundless raised $25 million to expand services that help people connect with lawyers and file spousal-visa and citizenship applications, having supported over 70,000 families since spinning out of Pioneer Square Labs in 2017. The company, led by CEO Xiao Wang, plans to grow headcount from 130 with hopes tied to a 'pro-immigrant' Biden administration after recent restructuring and the acquisition of RapidVisa.
JetClosing raises $11M Series B, names former Amazon and Bulletproof exec Anna Collins as CEO
Seattle digital home-closing startup JetClosing raised an $11 million Series B led by funds advised by T. Rowe Price, Pioneer Square Labs and Trilogy Equity, bringing total funding to $44 million. The company also named former Amazon and Bulletproof executive Anna Collins as its new CEO, replacing founder Daniel Greenshields.
Boundless lays off 4, asks 27 employees to relocate to Las Vegas after $7.5M raise and RapidVisa acquisition
Seattle-based immigration startup Boundless cut four jobs and asked 27 customer-support employees to relocate to Las Vegas after raising $7.5 million and acquiring RapidVisa, consolidating support to the acquired companys Las Vegas center as part of a restructuring.
Skilljar raises $33M Series B led by Insight Partners as pandemic boosts demand for its customer education platform
Seattle-based Skilljar, founded by Sandi Lin and Jason Stewart, raised $33 million in a Series B led by Insight Partners as demand for its customer education software surged during the pandemic; total funding exceeds $50 million and the platform has delivered over 10 million instructional hours to 300+ customers including Tableau and Cisco. The company provides cloud-based training, assessments, certifications, analytics and integrations to help companies build onboarding and customer education programs.
Boundless raises $7.5M to acquire RapidVisa, adds 45 employees and expands online immigration services
Seattle-based Boundless raised $7.5 million to fund the acquisition of rival RapidVisa and expand its online immigration tools, nearly doubling its team by adding 45 RapidVisa employees. CEO Xiao Wang says the funding and deal will strengthen the company’s infrastructure and market position ahead of an economic recovery.
JetClosing raises $8.5M Series B led by T. Rowe Price amid pandemic-driven surge in digital home closings
Seattle-based JetClosing raised $8.5 million in a Series B led by funds advised by T. Rowe Price as demand for its digital title and escrow closing service surges during the COVID-19 pandemic. The company reported order activity up 124% from April to July, says digital notary adoption has accelerated, and total funding is now $35 million.
Remitly reports 100% customer growth and 40% transaction-volume increase from Feb–Mar as COVID-19 drives digital remittances
Seattle remittance startup Remitly experienced rapid growth during the COVID-19 pandemic, with customer numbers up 100% and transaction volume up 40% from February to March, as users shifted to digital transfers while physical providers closed. CEO Matt Oppenheimer said the crisis accelerated the company’s mission to provide safe, mobile cross-border payments for immigrants supporting families abroad.
AdaptiLab Raises $2M Seed Round to Help Tech Companies Hire Top Machine Learning Talent
AdaptiLab, a Seattle-based AI-driven startup founded by James Wu and Allen Lu, helps tech companies efficiently hire top machine learning talent. The company has raised $2 million in a seed round led by Trilogy Equity Partners to address the costly and complex challenges in hiring skilled ML engineers.
Educative Raises $2.3 Million Seed Round Led by Trilogy Equity Partners to Expand Interactive Coding Platform
Educative, an interactive learning platform for software developers co-founded by Fahim ul Haq and Naeem ul Haq, raised $2.3 million in seed funding led by Trilogy Equity Partners to enhance its interactive coding courses. The platform offers preconfigured virtual environments enabling developers to learn by doing, with nearly 50 courses focused on popular programming languages like Java, Python, and React.
Skilljar Secures $16.4M Series A Funding to Expand Customer Training Platform with Clients Like Zendesk, U-Haul, and Mercado Libre
Skilljar raised $16.4 million in a Series A funding round led by Mayfield and Shasta Ventures to expand its customer training platform, which serves companies including Zendesk, U-Haul, and Mercado Libre. Founded by Amazon veterans, Skilljar aims to lead the $12 billion customer training market by delivering effective, scalable training solutions that drive product adoption and revenue growth.
Amplero Appoints Former Pandora CEO Brian McAndrews and Ex-Salesforce Marketing Cloud CEO Scott McCorkle to Board
Amplero announced the addition of Brian McAndrews, former Pandora CEO, and Scott McCorkle, former Salesforce Marketing Cloud CEO, to its Board of Directors to help guide its AI marketing growth.
Remitly Expands to Massachusetts, Offering Nationwide Digital Remittance Services Transferring $1.5 Billion Annually
Remitly, the largest independent digital remittance company in the U.S., now serves all 50 states after gaining approval to operate in Massachusetts, transferring over $1.5 billion annually via a user-friendly mobile app with low fees. This expansion enables residents, including many foreign-born individuals in Massachusetts, to send money abroad more easily and transparently.
Dick’s Sporting Goods Acquires GameChanger Media to Expand Digital Youth Sports Tools
Dick’s Sporting Goods has acquired GameChanger Media, maker of a popular mobile scorekeeping app used by 165,000 amateur baseball and softball teams, to enhance its digital youth sports offerings. GameChanger will continue operating independently under CEO Ted Sullivan and plans to expand to more sports and platforms.
People
-
Elisa La Cava Principal
-
John Stanton Investor
-
Yuval Neeman Managing Director
