July proved to be another big month for Arizona tech, with local companies raising millions, out-of-towners relocating to the Valley, and plenty of events and cohorts popping up to support startups. This month, we put a spotlight on diversity and talked to leaders from around Phoenix to give founders tips on how to diversify your … 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
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
Social Leverage, a Scottsdale-based venture capital firm, raised $99 million for its fourth venture fund. The VC group, made up of managing partners Howard Lindzon, Gary Benitt and Tom Peterson, are looking to invest in early-stage SaaS, fintech and consumer startups. Peterson told the Phoenix Business Journal that the partners look for companies on the … Read more
Co-written with Tishin Donkersley Scottsdale-based CellTrust, a company that offers mobile device security solutions, announced today it secured $10.5 million in Series A funding from Kayne Partners, a private equity group. With this round, CellTrust intends to build out its infrastructure and hire additional team members to keep up with high demand for its products. “Our entire team … Read more