Seattle-based women's health and consumer electronics company Joylux has secured $3.7 million in funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced Sept. 6 and financed by Next Act Fund.
According to its Crunchbase profile, "Joylux is an innovative consumer health and wellness company creating LED-focused medical devices that are transforming women's pelvic floor health."
The seven-year-old company has raised three previous funding rounds, including a $5 million Series A round in 2017.
The round brings total funding raised by Seattle companies in consumer electronics over the past month to $26 million. The local consumer electronics industry has produced 24 funding rounds over the past year, yielding a total of $222 million in venture funding.
In other local funding news, finance company Coinme announced a $1.5 million Series A funding round on Sept. 12, financed by Xpring.
According to Crunchbase, "Coinme is a leading blockchain financial technology company that is dedicated to helping the world gain access to digital currency. Four years ago, Coinme became the first state-licensed Bitcoin ATM operator in the U.S. and now, through a partnership with Coinstar, operates the largest bitcoin kiosk network in the world. The company’s vertically-integrated network of crypto ATMs, digital wallet and private client services provide customers the opportunity to easily engage in the digital currency revolution."
Founded in 2014, the company has raised two previous rounds, including a $580,000 angel round in 2018.
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