Early stage EdTech startup raises $1.9 million in seed money

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

And the winners of Venture Madness 2021 are…

Venture Madness, an annual conference put on by Invest Southwest, happened this week and we’ve got the winners of the Venture Madness competition.  Venture Madness brings together investors and some of Arizona’s stand out startups for two days of networking and pitching. Earlier this year, Invest Southwest announced 25 finalists — five companies in five … Read more

AI chatbot startup Botco.ai raises $3.6M in seed funding round led by LA-based VamosVentures

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

eVisit closes a $45M raise led by Goldman Sachs following increased demand for virtual healthcare platform

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 raises $200M from Goldman Sachs to accelerate and improve connected communications

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

Community leaders hope new grant program will provide solutions to ongoing school transportation problems

A for Arizona, a nonprofit organization dedicated to improving Arizona education, has been selected as program administrator for the Arizona Transportation Modernization Grants Program, which is designed to address the many problems with current school transportation.  This new $20 million initiative puts Arizona at the forefront of developing safer, more innovative and more reliable ways … Read more

Here are the 25 company finalists for the 2021 Venture Madness conference & pitch competition

Invest Southwest, in partnership with the Arizona Commerce Authority, has announced the 25 Presenting Company finalists that have been selected for the 2021 Venture Madness Competition.  These finalists will get exclusive access to the region’s most active accredited investors, all in one place. Invest Southwest and the Arizona Commerce Authority present the annual conference, which … Read more

Chandler company launches to defend critical industrial infrastructure systems

defend critical

SynSaber, a new startup setting its sights on asset and network monitoring solutions to defend critical infrastructure, officially launched last week after securing $2.5 million in seed funding.  The company is working to develop an effective, low-hardware and low-hassle technology-agnostic solution that provides continuous insight into the status, vulnerabilities and threats across every point in … Read more

EdTech startup Promineo Tech raises $900,000 in seed funding

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

Fintech startup Dovly raises $3M in bridge funding

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