Seattle-based manufacturing and property management company Blokable has secured $23 million in Series A funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced on August 19 and led by Vulcan Capital.
According to its Crunchbase profile, "Blokable’s unique process and product significantly reduce the cost and time required to create and operate new multi-family housing. Blokable partners with the market rate and not for profit land developers and service providers to make housing happen. Building at a lower cost, higher quality, and in less time, Blokable creates real estate equity."
The four-year-old startup has raised six previous funding rounds, including a seed round in 2018.
The round brings total funding raised by Seattle companies in consumer electronics over the past month to $51 million. The local consumer electronics industry has produced 26 funding rounds over the past year, raking in a total of $222 million in venture funding.
In other local funding news, financial services company FlyHomes announced a $21 million Series B funding round on August 15.
According to Crunchbase, "FlyHomes is an end-to-end real estate brokerage and technology company that empowers home buyers, sellers, and agents to win. We are transforming the home buying experience through comprehensive consumer education, segmented expertise, financial innovation and on-demand technology."
Founded in 2015, the company has raised three previous rounds, including a $17 million Series A round in 2018.
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