We hope to make this a regular feature in our Xconomy cities. It’s a look at small financings of private companies in tech, life sciences, and cleantech. These are deals in the roughly $100,000 to $1 million range, and they’re increasingly where the action is for local entrepreneurs, yet they’re often harder to track than the bigger deals we tend to report on.
And there were at least 12 of these smaller financings in the Northwest in October (see table below), according to ChubbyBrain, a New York-based information services company tracking VC, angel, and other investments in private companies. ChubbyBrain gets its data from regulatory filings, user submissions, and other sources, and this is the second monthly installment of “under the radar” deals in the Seattle area (you can see the previous deals for September here). The data didn’t include the investors or the stage of financing.
A few quick observations: Like the previous month, most of the financings were in Washington (7 out of 12), but a significant number (5) were in Oregon. Most were equity deals (7), with the rest (5) being debt financings. The majority of financings (9) were in software, Internet, or tech, while a much smaller number (3) were in life sciences and healthcare, and no cleantech or energy deals made the list.
If nothing else, these lists are a cool way to hear about emerging startups we otherwise wouldn’t know about. For example, I’ve heard of Teranode, Nearlyweds, and 1000Museums before, but Zapproved and Intellisist are completely new to me.
Here are the 12 “under the radar” deals from last month:
| Teranode (Seattle) | Lab automation software | Debt, $900,000 |
| Zapproved (Portland, OR) | Online tools for business accountability and decision making | Equity, $787,964 |
|
Intellisist (Bellevue, WA) |
Speech recognition and customer service |
Equity, $750,000 |
|
Artielle ImmunoTherapeutics (Tigard, OR) |
Drugs to treat autoimmune diseases |
Debt, $709,828 |
|
Lightspeed Technologies (Tualatin, OR) |
Audio systems for classrooms |
Debt, $430,000 |
|
1000Museums (Bellevue, WA) |
Archival prints from art museums |
Equity, $265,940 |
|
Insignia Health (Portland, OR) |
Healthcare self-management |
Equity, $250,000 |
|
Nearlyweds (Seattle) |
Social software and wedding websites |
Equity, $150,000 |
|
Innovega (Hansville, WA) |
Engineering services | Debt, $150,000 |
|
Eleven Wireless (Portland, OR) |
Software and IT services for hotels |
Equity, $125,000 |
|
Caleco Pharma (Bellingham, WA) |
Healthcare, nutrition, and cosmetics |
Equity, $105,000 |
|
Pa-Go Mobile (Seattle) |
No description available (presumably mobile) |
Debt, $98,000 |
