Facts
- HQ
- 1301 Second Avenue, Floor 36
- Sectors
- Real Estate
- Founded
- 2006
- Employees
- 13647
- Stage
- Public
Cascadia Capital Raises $150M SPAC and Eyes Pittsburgh Tech Acquisition, CEO Calls City 'Seattle 10–15 Years Ago'
Seattle investment bank Cascadia Capital raised $150 million for a SPAC, Cascadia Acquisition Corp., and is targeting a Pittsburgh tech company—citing local strengths in AI, robotics, automation and research from Carnegie Mellon and University of Pittsburgh. CEO Michael Butler, who has spent more time in Pittsburgh recently, said the city resembles Seattle 10–15 years ago and is poised for a tech boom.
Opendoor acquires Seattle’s Pro.com and San Francisco’s Skylight, will shut both platforms
Opendoor acquired Seattle-based Pro.com and San Francisco-based Skylight, will discontinue both companies' consumer platforms and integrate their teams and technology into Opendoor’s roadmap; deal terms were not disclosed. The moves give Opendoor a Seattle presence and add home-improvement talent as the iBuyer expands amid increased digital homebuying adoption.
Flyhomes launches ‘Flyhomes Guarantee for Buyers’ to let clients exit within a year with waived seller commission
Seattle-based real estate startup Flyhomes launched the Flyhomes Guarantee for Buyers, which lets clients who want to move within a year of closing have Flyhomes list the home and waive its commission (buyers still pay the buyer’s agent and selling costs). Founded in 2016, Flyhomes has helped over 3,000 families buy nearly $3 billion in homes with cash-offer short-term loans and faces competition from traditional brokerages, iBuyers like Opendoor and Offerpad, and Zillow.
How SPACs are shaking up Seattle's startup scene
An online marketplace that helps to facilitate trade between marijuana sellers and buyers will soon see its own stock traded on the Nasdaq. Another that connects pet owners with walkers, boarders and other caregivers just posted its first earnings as a publicly traded company. And a 3-year-old Redmond-based biotech company with a mere 25 employees just raised $80 million its stock market debut. SPACs are shaking up Seattle's startup scene. On this episode of the GeekWire Podcast, we examine how special purpose acquisition companies are turning startups into publicly traded stocks at a rapid clip. The SPAC phenomenon is giving…
Convoy signs 123,000 sq ft sublease at Russell Investments Center in Seattle, expanding from 73,000 sq ft
Seattle freight-startup Convoy signed a sublease for 123,000 sq ft across three floors at downtown’s Russell Investments Center, expanding from its current 73,000 sq ft Century Square HQ as it outlines a return-to-office plan amid broader Seattle downtown uncertainties.
Seattle startups raise record $3.1B in H1 2021, producing 12 local unicorns as Auth0 exits for $6.5B
Seattle-area startups raised a record $3.1 billion across 205 deals in H1 2021, driven by mega-rounds that produced at least 12 local unicorns and broader Pacific Northwest tech funding topping $5 billion. National VC activity and IPO/M&A dollar volumes are also surpassing prior records, with major exits like Auth0’s $6.5 billion acquisition by Okta highlighting regional maturation.
Zeitworks Raises $2M, Jazz Ventures and Madrona Back ML Startup as Jay Bartot Becomes CEO
Seattle startup Zeitworks raised $2 million in new funding from Jazz Ventures and Madrona Venture Group and appointed Seattle tech veteran Jay Bartot as CEO, succeeding Ryan Windham. The company uses machine learning to analyze user interactions and recommend automation or augmentation to improve repetitive business processes and plans to expand pilot customers.
Tomo, led by ex‑Zillow chiefs Greg Schwartz and Carey Armstrong, raises $70M seed to digitize mortgages
Tomo, a fintech real estate startup founded by former Zillow executives Greg Schwartz and Carey Armstrong, launched in Seattle, Dallas and Houston with a $70 million seed round to digitize and speed up mortgage approvals online.
Shirish Nadkarni explains how to judge startup ideas and why incumbents are hard to beat
Veteran entrepreneur Shirish Nadkarni excerpts lessons on evaluating startup ideas, arguing founders must assess ideas against incumbents, market dynamics and strategic perspectives rather than early positive feedback. He emphasizes incumbents’ advantages and the difficulty of displacing established players without exploiting major industry transformations.
Arrived Homes raises $10M equity and $27M debt as Bezos and Benioff VC arms back $100-share rental investing
Seattle startup Arrived Homes raised $10 million in equity and $27 million in debt to scale a platform that lets retail investors buy shares of single-family rental homes for as little as $100, with backers including Bezos Expeditions and Time Ventures. The company sources, manages and sells properties while charging commissions and management fees, has over 30 properties in three states and caps individual investments at $20,000 per house.
Flyhomes raises $150 million to scale cash-offer homebuying and mortgage services nationwide
Seattle startup Flyhomes raised $150 million to expand its cash-offer homebuying model and integrated mortgage and selling services nationwide, positioning itself against iBuyers and Zillow. CEO Tushar Garg said the funding supports building an end-to-end home-buying experience that gives clients a competitive edge in a chaotic market.
iContact (J2 Global subsidiary) acquires Seattle SEO firm Moz; terms undisclosed
Seattle SEO software startup Moz, founded in 2004 by Rand Fishkin and Gillian Muessig, was acquired by iContact (a J2 Global subsidiary); terms were not disclosed and Moz will keep its brand while joining J2’s email marketing portfolio. Moz, which employs 177 people, is profitable, serves clients like Alaska Airlines and Zillow, and will pair resources with iContact for combined search and email marketing solutions.
GeekWire names winners at 2021 Awards; SeekOut wins Startup of the Year after $65M raise
The 2021 GeekWire Awards returned as a virtual event honoring over 60 finalists across 14 categories from the Pacific Northwest tech community, featuring celebrity cameos and performances. Winners included SeekOut as Startup of the Year, and among 16 winners eight were women and five were people of color and/or immigrant entrepreneurs.
Madrona Venture Labs raises $8M and turns investors like Spencer Rascoff into co‑founders of spinouts
Madrona Venture Labs has raised $8 million for its fourth fund and introduced a model that makes investors — including Spencer Rascoff, Julie Larson-Green and Elena Donio — co-founders, board members, and advisors of its spinouts to attract talent and accelerate startup formation. Founded in 2014, the Seattle-based studio has spun out more than a dozen companies, including recent spinouts Zeitworks, Simplata, and Stratify.
Seattle startup Plunk raises $6.5M seed from Unlock Ventures to recommend remodels that boost home value
Seattle startup Plunk raised a $6.5 million seed round led by Unlock Ventures to expand its app that uses image processing, AI and machine learning to recommend remodels that raise home value. The free app has analyzed over 1 million homes in Seattle, identifying about $400 billion in combined potential "Plunk Value," while the company focuses on establishing credible analytics before announcing monetization plans.
Spot, founded by former Outreach executives Gordon Hempton and Wes Hather, raises $1.7M to build ‘Sims for the enterprise’ virtual offices
Spot, a year-old Seattle startup founded by former Outreach co-founders Gordon Hempton and Wes Hather, has raised $1.7 million to build virtual office software described as “The Sims for the Enterprise.” The seven-person company, currently in closed beta, has created hundreds of virtual worlds for events and HQs and competes with platforms like Gather, Teamflow, Virbela and Branch amid continued remote and hybrid work tailwinds.
Talking SPACapalooza with angel investor Spencer Rascoff
When we reached out to entrepreneur and angel investor Spencer Rascoff on Tuesday with notes about appearing on the GeekWire podcast — an appearance that was scheduled several weeks ago — we mentioned possible discussion topics around SPACs, real estate trends and any other big tech news events of the week. And then we made the age-old journalistic error, pointing out that it had been a "pretty slow news week so far, but I am sure something will pop in the next day or two that might make life interesting." Indeed it did. But we had no idea that this…
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.
Russell Wilson and Spencer Rascoff back MOJO app to give parent coaches pro-grade youth-sports drills
MOJO is a new Los Angeles-based mobile app, backed by Russell Wilson and Spencer Rascoff, offering professionally produced coaching guidance for parent coaches and families in youth sports starting with soccer and expanding to basketball, baseball and softball. Founded by Ben Sherwood and Reed Shaffner, the app aims to simplify youth-sports instruction, make practices more fun, and reduce dropout rates among children ages roughly 4–13.
Tanium CEO Orion Hindawi Says Talk of Washington Tax Hikes Will Drive Businesses Away; Calls Seattle 'Freeze' 'Garbage'
Tanium CEO and co-founder Orion Hindawi, who moved his $9 billion company to Seattle, warned at a Washington tech event that talk of raising Washington state taxes—especially capital gains taxes—will deter businesses from relocating to the state and dismissed Seattle's 'freeze' reputation as 'complete garbage.'
U.S. Startups Raised Record $156.2B in 2020; Pacific Northwest Logged $946M in Q4 Across 54 Deals
U.S. startups set a new annual VC funding record in 2020 with $156.2 billion raised, driven by digital acceleration during the pandemic and a surge in mega-deals; Q4 saw $946 million invested across 54 Pacific Northwest deals. VC fundraises also hit records and IPO activity boosted exit values, suggesting continued momentum into 2021 as investors hold dry powder.
OfferUp names Niti Bashambu CPO after $120M raise and $1.4B valuation; Flyhomes appoints Amy Sellers VP of Marketing
OfferUp hired Niti Bashambu as chief product officer after raising $120 million and reaching a $1.4B valuation; Flyhomes named Amy Sellers VP of marketing as it expands across five markets. Promethean also hired Chris Hand as chief revenue officer.
Seattle startup Plunk raises $2M+ to power AI-driven home valuation and renovation recommendations
Seattle startup Plunk, founded by Brian Lent and David Bluhm, has developed an app that uses image processing, AI and machine learning to evaluate home condition, estimate renovation-driven value increases (a "Plunk Value") and recommend specific projects; the company has 15 employees and has raised over $2 million to date, including an initial $1M reported in 2019.
Textio launches 'Textio for Employer Brand' to infuse DEI language across corporate messaging
Textio launched Textio for Employer Brand, an augmented-writing tool that guides companies to use more diverse, equitable and inclusive language across corporate messaging beyond job listings. The product, now exiting beta, aims to update guidance continuously and apply DEI-focused language suggestions to pages like 'About this company' and culture blog posts as firms rebuild and rehire after the pandemic.
Former Zillow Leaders Greg Schwartz and Carey Armstrong Raise $40M Seed for Tomo Networks to Build Tech-Driven Mortgage Platform
Former Zillow leaders Greg Schwartz and Carey Armstrong launched Tomo Networks, a fintech startup building a tech-driven mortgage and transaction platform, and raised a $40 million seed round led by prominent real estate investors. The company, founded a few months ago, is targeting agents and consumers while keeping specific business model details private.
People
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Rich Barton Founder, Co-founder and Co-Executive Chair, Former CEO
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Glenn Kelman Executive, CEO
