Seattle funding news: Health and financial services top recent local investments

Seattle funding news: Health and financial services top recent local investmentsPhoto: William Iven/Unsplash
Hoodline
Published on August 12, 2019

Seattle-based consumer and marketplace company Genneve has secured $4 million in seed funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced on August 6 and led by BlueRun Ventures.

According to its Crunchbase profile, "Genneve [is] a digital health company for women in midlife and menopause. Genneve increases accessibility to information, health providers and community for women seeking relief for hormone-driven symptoms like hot flashes, insomnia, anxiety and loss of libido. Every woman will experience menopause which lasts 4-10 years, costing her on average $20k through trial-and-error spending on prescriptions, doctor visits, treatments, devices and products."

The four-year-old startup has raised two previous funding rounds, including a seed round in 2018.

The round brings total funding raised by Seattle companies in sports over the past month to $5.5 million. The local sports industry has produced seven funding rounds over the past year, yielding a total of $41 million in venture funding.

In other local funding news, esports company Matcherino announced a $1.5 million Series A funding round on August 5.

According to Crunchbase, "Matcherino is a technology company that builds software that enables game publishers and tournament organizers to run successful Esports tournaments. The Matcherino platform includes tools to increase tournament prize pools including the ability for fans to buy custom game content (DLC, merchandise) as well as support for click-through sponsor campaigns (eg., like Coca-Cola to increase the prize pool by $1). Matcherino also offers financial services including prize pool escrow services and the transparent, documented and tax compliant distribution of tournament prize pools after their completion."

Founded in 2015, the company has raised four previous rounds, including a $2.7 million Series A round in 2018.


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