ActiveClass, an early stage education technology company designed to help increase student engagement, has raised $1.9 million in seed money. The Scottsdale-based startup will use the money to hire more employees to support growth, improve customer service and speed up product development. “We are beyond excited for what this means not just for us at … Read more
Genetic sequencing startup Tesis Labs has announced a $20 million of growth equity financing, marking the company’s first external raise since it was founded in early 2020. This financing put the company at a post-money valuation of $520 million. The round began and ended in September of this year and it was led by Xcellerant … Read more
IPAssets Technology, a Mesa-based blockchain integration specialist, announced a $1.4 million funding round that included a merger with Mango Farm Assets. The proceeds from this funding will be used to accelerate the company’s branded platforms, which include MangoFarmAssets.com, RavencoinIPFS.com and TheAssetMarketplace.com, and Ice Wallet, IPAssets’ flagship cold storage wallet that is coming later this year. … Read more
Botco.ai, a Scottsdale-based artificial intelligence chatbot platform designed to support enterprise healthcare organizations, closed a $3.6 million seed round led by VamosVentures, a venture capital firm based in Los Angeles. This win is another in a string of achievements this year for botco.ai. Botco.ai will use the funds to speed up the company’s product development … Read more
Promineo Tech, a startup that partners with community colleges to provide affordable, low-risk coding bootcamps, has raised $900,000 in seed funding. The Peoria-based company will use the money to expand its Education as a Service (EaaS) program offerings and reach more students. Promineo Tech was founded in 2018 by Nick Suwyn as a technology school … Read more
Dovly, a Phoenix-based fintech startup, has announced a $3 million bridge funding to help the company support massive growth plans over the next six to 12 months. To date, Dovly has seen significant momentum, with the company reporting year-over-year growth of 800%. The bridge funds will be used to help Dovly keep up with this … Read more
Arizona startup funding continues to increase, allowing businesses to grow. Phoenix-based Hammoq and Mesa-based Better Agency recently announced seed round raises. Hammoq raises $3 million Hammoq announced a $3 million seed round late last month. The startup known as “the Shopify for e-commerce businesses” uses its platform to automate time-consuming tasks, including auto-listing products, cross-listing … Read more
The Sonoran Founders Fund, led by CEO and co-founder Romi Dhillon and co-founders Dan Burns, Cathy Eckstein and Kevin Groman, plan to raise and invest $10 million into Southwest-region pre-seed and seed-stage startups in 2021. According to the fund’s website, the group looks to invest in the SaaS, marketplaces, AI, Fintech, Edtech and healthcare IT … Read more
It’s your baby, you develop it, market it, and are building your customer base, and you don’t want someone stealing it-but how do you protect your intellectual property on a bootstrap budget? Startup Traklight, a self-guided, cloud-based, software platform that creates your custom intellectual property (IP) strategy, aims to help other founders from losing their … Read more
I take tons of photos. Some I Tweet and some I Instagram. But right now, I have over 1,000 that are just sitting in my phone that I’ve completely forgotten about. Sound familiar? For startup Storybyte, they’ve created a new app that will take those photos from the deep, dark depths of your phone’s album and effortlessly turn … Read more