Seattle funding news: Software, science and engineering top recent local investments

Seattle-based CRM company Outreach has secured $114 million in Series E funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced April 16 and led by Lone Pine Capital.

According to its Crunchbase profile, "Outreach is a sales engagement platform that accelerates revenue growth by optimizing every interaction throughout the customer lifecycle. The platform manages all customer interactions across email, voice and social, and leverages machine learning to guide reps to take the right actions. Thousands of customers, including Cloudera, Glassdoor, Pandora, and Zillow, rely on Outreach to drive predictable and measurable growth, increase efficiency and effectiveness of customer-facing teams, and improve visibility into sales activity and performance."

The six-year-old company has raised seven previous funding rounds, including a $65 million Series D round in 2018.

The round brings total funding raised by Seattle companies in software over the past month to $159 million, and an increase of $115 million from the month before. The local software industry has seen 111 funding rounds over the past year, capturing a total of $1.8 billion in venture funding.

In other local funding news, education company Institute for Protein Design announced a $45 million grant on April 16, financed by The Audacious Project.

According to Crunchbase, "The mission of the University of Washington Institute for Protein Design is to design a new world of proteins to address 21st-century challenges in medicine, energy and technology. The Institute for Protein Design was established in 2012, and is building on strengths within the University of Washington and Seattle more generally. Protein design requires high-level expertise and talent in computing and software, biochemistry, genome sciences, biological structure, pharmacology, immunology and other basic science disciplines, as well as clinical medicine."

The company also raised an $11 million grant in 2018.

Meanwhile, medical and electronics company Valant raised private equity funding, announced on April 10. The round was financed by Gemspring Capital.

From the company's Crunchbase profile, "Valant was founded in 2005 to provide behavioral health practices, agencies and clinicians with cloud-based software to streamline administration and empower what’s most important: improving outcomes. Inspired by the fact that technology has transformed all of our lives in meaningful ways, Valant has reinvented the behavioral health platform."

Valant last raised $7.5 million in funding in 2016.


This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.