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
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
Virtual healthcare platform eVisit has announced the close of a Series B funding round, led by the Growth Equity business within Goldman Sachs Asset Management (Goldman Sachs). Other participants include Texas Health Resources, Tom Burton and Steve Barlow (Co-founders of Health Catalyst) and more. “We’re thrilled to partner with Goldman Sachs and other highly strategic … Read more
Nextiva, a Scottsdale-based connected communications company, has announced a $200 million raise from Goldman Sachs at a $2.7 billion valuation. This is the company’s first external funding round. The investment follows a year of growth for Nextiva, which reports $250 million in ARR. Additionally, the company boasts continued product development and market leadership. According to … 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
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
Virtuous, a fundraising platform for nonprofits, has closed an $18 million Series B raise, which will be used to further support the company’s goal to hire locally and expand the team nationally. The money will also help support the company’s fast growth trajectory and improve product offerings. The raise was led by Fulcrum Equity Partners, … 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