Seattle Roundup: Remitly, Healthentic, Microsoft Accelerator Startups
In addition to the major funding rounds announced this week by FiftyThree ($30 million) and Rover ($25 million), smaller deals went down at Remitly and Healthentic. Meanwhile, Pro.com joined an accelerator program and Microsoft named 14 companies to its next startup accelerator in Seattle. Read on for details:
—Remitly, a Seattle startup taking a modern, mobile approach to money transfers, has raised $12.5 million in a Series B funding round led by Draper Fisher Jurvetson (DFJ), joined by previous backers DN Capital, QED Investors, and Trilogy Partnership. The funding will be used for hiring, marketing, and expansion to countries beyond the Philippines and India, which it serves currently. It brings total investment in the company, a graduate of Techstars Seattle in 2011, to $23 million. Seattle-based DFJ partner Bill Bryant joins Remitly’s board of directors. He writes about the investment decision here.
—Healthentic, which helps companies evaluate the health needs and costs of their workers, announced $3.75 million in new funding from investors Corvesta, Hawaii Dental Service, WDS Holdings, and WYSSTA Investments. The Seattle company mines its huge database of health insurance claims information to make recommendations to employers that can lead to reduced costs. For example, it recently released data on the high cost of failing to take prescribed medications. The funding, which brings total investment in Healthentic to nearly $20 million, will be used for further product development and marketing.
—Pro.com, a Seattle-based competitor in the burgeoning home improvement services business, is joining an accelerator program run by Second City Ventures, the investment arm of the National Association of Realtors. The REach accelerator program, in Chicago, is in its third year and offers startups connections with realtors across the country.
—Microsoft selected 14 startup companies to participate in its next accelerator program in Seattle, which focuses on digital work. The four-month program, beginning this month, is the software giant’s second in Seattle, though it runs similar accelerators in locations around the world. The selected companies, and their descriptions from Microsoft are:
Accelerated Pictures: “a fast, easy, visual film planning app to discover your shots and build your film with your team before production, to save time on set and share your vision.”
Adhusky: “an automated Facebook ad solution for financial service firms.”
Beagle: “an advanced intelligent system for reading contracts, regardless of the length or complexity.”
ClearContract: “securely bringing contract negotiation to the cloud.”
CloudCoreo: “allows the user to launch complete and reliable application infrastructures using their appstack technology.”
CreativeWorx: “a behavioral analytics firm whose TimeTracker software automatically captures and generates accurate timesheets.”
GeoSafe: “a communications platform and GPS tracking system for first-responders working in the field.”
Skip: “a complete mobile checkout solution.”
LionHeart Innovations: “a mobile medical platform for caregiver coordination.”
Outleads: “enables advertisers to track offline conversations and segment offline activity inside their online advertising accounts.”
Parknav: “an on-street parking solution, using data and predictive analytics.”
RallyTeam: “a collaboration platform for empowering employees to do more and learn more.”
Rexter: “real-time contact and relationship management.”
Slope: “a platform for marketing and creative teams to store, organize, and collaborate on media content.”