VoloMetrix

VoloMetrix was a Seattle-area startup that built employee efficiency software and was acquired by Microsoft in 2015.

Facts

HQ
Seattle
Sectors
Employee productivity software, Enterprise software, HR software
Stage
Acquired

Seattle Startup Round Shuts Down After $12M Series A as Tech Downturn and VC Model Challenges Loom

Seattle startup Round, which raised $12 million in Series A funding and quickly reached $1 million in annual recurring revenue, shut down due to challenges from the 2022 tech downturn and flaws in its venture-backed business model dependent on employer-sponsored memberships. CEO Ryan Fuller reflected on the risks of venture capital funding and the impact of macroeconomic factors despite investor support.