SparkSwap nets $3.5 million, plus more funding news for Atlanta software companies

Atlanta's software industry is raking in new investment, with eight local companies raising money. New funding rounds were recently announced by software startups SparkSwap, Demand Driven Technologies and Eletype, Inc., according to company database Crunchbase.

SparkSwap topped the city's recent funding headlines by announcing a $3.5 million Series A round on April 8, led by Initialized Capital.

According to its Crunchbase profile, "SparkSwap is the first cryptocurrency exchange built on the Lightning Network. It reduces counter-party risk by combining the best of both centralized and decentralized exchanges. The company was founded in 2017 and is based in Atlanta, Georgia."

The two-year-old startup also raised a seed round in 2018.

Next up, Demand Driven Technologies raised seed funding, in a round announced on April 4 and financed by 11-11 Ventures.

According to Crunchbase, "Demand Driven Technologies is the premier provider of next generation materials, inventory and production control planning and execution applications for the new Demand Driven world."

The company also raised a $1.6 million seed round in 2018.

Meanwhile, Eletype, Inc. raised seed funding, announced on April 4. The round was also financed by 11-11 Ventures.

From the company's Crunchbase profile, "We’ve created an intelligent digital marketing agent that helps teams quickly identify and respond to changes in search and social marketing campaigns. Unlike other analytics tools, which require teams to log in to additional accounts and dashboards, Eletype works within your existing products like Slack to make campaign management collaborative and seamless. Digital marketing campaigns can be complicated and things get missed, but we've got you covered."

Eletype, Inc. last raised seed funding in 2018.

In total, Atlanta-based software companies have raised $753 million in venture funding over the past month, and $1.5 billion over the past year.


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.