Washington-based real estate company TransitScreen has secured $3 million in debt financing, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced May 2 and financed by TIMIA Capital.
According to its Crunchbase profile, " TransitScreen® is software-as-a-service (SaaS) that powers live information screens in buildings. The product is live in 40 cities in five countries. New data product MobilityScore® powers real estate and travel websites and apps, using a patent-pending algorithm."
The five-year-old startup has raised four previous funding rounds, including a round in 2018.
The round brings total funding raised by Washington companies in real estate over the past month to $3.5 million. The local real estate industry has produced 10 funding rounds over the past year, raking in a total of $50 million in venture funding.
In other local funding news, video and internet company MemoryWell announced a $1 million seed funding round on April 26, led by Dagmar Dolby.
According to Crunchbase, "MemoryWell is a digital platform for storytelling that brings the skills of professional writers to the challenge of helping elders tell their life story. With MemoryWell+, you can build a collaborative timeline around that story, adding photos, videos, letters and documents. Everyone has a story, let us help you capture it."
The company also raised a convertible note round in 2018.
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