Seattle/ Retail & Industry
Published on May 01, 2019
Seattle companies are pulling in venture capitalPhoto: AppSheet/Facebook

Seattle-based developer tools company AppSheet has secured $15 million in Series A funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced April 25.

According to its Crunchbase profile, "AppSheet is the intelligent no-code platform for business apps. It also enables business users to leverage their business data and build powerful, code-free apps. The company connects with a range of data sources including spreadsheets on Google Drive, Office 365, Dropbox and Box, relational databases like SQLServer, MySQL, Postgres, AWS Aurora and Oracle, cloud SaaS services like Salesforce, Smartsheet, AirTable and many more."

The five-year-old company has raised five previous funding rounds, including a $1.5 million seed round in 2017.

The round brings total funding raised by Seattle companies in internet services over the past 90 days to $65 million. The local internet services industry has produced 59 funding rounds over the past year, yielding a total of $654 million in venture funding.

In other local funding news, human resource company PayScale announced a private equity funding round on April 25, financed by Francisco Partners.

According to Crunchbase, "Creator of the largest database of individual compensation profiles in the world, PayScale, Inc. provides an immediate and precise snapshot of current market salaries to employees and employers through its online tools and software. PayScale’s products are powered by innovative search and query algorithms that dynamically acquire, analyze and aggregate compensation information for millions of individuals in real time. PayScale publishes the quarterly PayScale Index™, and the subscription software products for employers include PayScale Benchmark™,PayScale Insight™, and PayScale Insight Expert™."

Founded in 2002, the company has raised eight previous rounds, including a $7 million round in 2011.


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