Seattle Deal Roundup: Livemocha, TTM, RootMetrics Raise Money
We’ve got a trio of quick Seattle-area technology fundraising items today, fresh from the SEC filings.
Livemocha reports that it has raised about $5 million in a Series C round, which appears like it could grow to the $7.5 million range with warrants and options. I tried to get more details on that aspect from Livemocha, but it instead dispatched a PR person to say the company is holding back the information so it can come out with a larger pre-packaged story of some kind later this month.
Anyway: Livemocha runs an online language-learning network that hooks people up virtually with native speakers. They’ve been entertainingly pugnacious about their rivalry with Rosetta Stone, the publicly traded language-instruction company whose product is traditionally based around CD-ROMs. Previous investors in Livemocha include Maveron and August Capital. I didn’t see any new VC board members in the latest paperwork.
Seattle-based Telecom Transport Management has sold $4 million in equity. The company provides “backhaul” networking to major wireless carriers, helping them build out from the main spine of a network into all the smaller sections on its way to consumers. TTM says it has networks in 15 metropolitan areas, concentrated in the Midwest and eastern U.S., with offices in Virginia, New Jersey, Maryland, Pennsylvania and Minnesota. This newest fundraising round is kind of small potatoes—TTM raised about $40 million in a previous fundraising round that spanned 2009 and 2010.
And finally, Bellevue, WA-based RootMetrics (still known by former brand name Root Wireless in government filings) has sold $1 million of an equity round that could be worth up to $5 million. RootMetrics tracks and analyzes wireless network speeds through consumer smartphone apps and commercial data-collection from the carriers. That allows it to publish maps of mobile network strength for consumers, and sell the sliced and diced data back to the carriers. RootMetrics told GeekWire that the new money was from existing investors.