Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d7b8b2f7-aca1-4b76-905b-ad9d461e233d Date 12/11/2015 Company Name TinyPulse Mailing Address Undisclosed Seattle, WA 98119 USA Company Description Our mission at TINYpulse is to make employees happier. We believe when that happens- retention, customer service, and engagement all improve. Website http://www.tinypulse.com Transaction Type Venture Equity Transaction Amount $6,000,000 Transaction Round Series A Proceeds Purposes The … Continue reading “TinyPulse Garners $6,000,000 Series A Funding Round”
Category: Seattle
In New York and Montreal, Versant Seeds Two New Biotech Startups
Over the past few years, Versant Ventures has set up outposts in places like New York, Montreal, and Vancouver, with the goal of starting some new life sciences companies outside the biotech hotbeds of San Francisco and Boston. Two of those startups, known as Inception IBD and Kyras Therapeutics, are launching today with some financial … Continue reading “In New York and Montreal, Versant Seeds Two New Biotech Startups”
With $6M Funding, TINYpulse Developing Employee Review Product
Replacing employees is an expensive endeavor. To replace a high-level salaried worker, it can cost a company as much as 60 percent of the outgoing employee’s pay, according to the Society for Human Resource Management. TINYpulse, a Seattle-based startup that aims to help companies monitor and improve employee engagement, has received $6 million in Series … Continue reading “With $6M Funding, TINYpulse Developing Employee Review Product”
MetricStory Lands $1,450,000 Seed Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=21a45414-db75-4f72-9d09-531eb8a314e9 Date 12/10/2015 Company Name MetricStory Mailing Address 111 S Jackson St. Seattle, WA 98104 USA Company Description MetricStory wants to make that process more efficient with machine learning and algorithms. Website http://www.metricstory.com Transaction Type Venture Equity Transaction Amount $1,450,000 Transaction Round Seed Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms … Continue reading “MetricStory Lands $1,450,000 Seed Funding Round”
Your Startup Should Try a Switchback Strategy
When it comes to startup strategies, many entrepreneurs assume there is one optimal path. They may need to experiment or “pivot” initially among alternatives, but once they fix on an ideal strategy they simply need to execute. For example, a startup attempting to commercialize a new technology faces the strategic choice of whether to “go … Continue reading “Your Startup Should Try a Switchback Strategy”
How Code.org Is Charging Up Computer Science Education
Computer Science Education Week falls on the second week of December each year, coinciding with the birthday of Navy Rear Admiral Grace Murray Hopper, one of the first programmers of the Harvard Mark I computer in 1944. CS Ed Week was kind of a snoozer until Hadi Partovi founded Code.org, hatched the idea of the … Continue reading “How Code.org Is Charging Up Computer Science Education”
At Hematological Meeting, More Than Just Biotech Data Runs Blood Red
[Editor’s note: Deputy Biotechnology Editor Ben Fidler co-wrote this story.] The annual American Society for Hematology meeting, held this year in Orlando, FL, ends today. The meeting is a showcase for new data, drugs, and approaches to treat cancers like leukemia, rare genetic diseases, and other maladies that originate in or otherwise affect blood. But … Continue reading “At Hematological Meeting, More Than Just Biotech Data Runs Blood Red”
2016: The Year We Give Shoppers What They Want
This time of year, all eyes in e-commerce are heavily focused on 2016 strategies for growing sales, keeping customers happy, and expanding channels. Consumer shopping behaviors are shifting too, forcing brands and retailers to be even more agile, though they’re currently struggling just to keep up. There is a disconnect in the industry between how … Continue reading “2016: The Year We Give Shoppers What They Want”
With SQZ Deal, Roche Finally Dips Its Toes into Cell Therapy
Roche is the world’s biggest maker of cancer drugs, but it hasn’t moved into cellular immunotherapy, one of oncology’s most promising new treatments that turns our own immune cells into cancer killers. Today the Swiss company is taking the plunge by turning to tiny Boston startup SQZ Biotech and working on a form of immunotherapy … Continue reading “With SQZ Deal, Roche Finally Dips Its Toes into Cell Therapy”
Introducing Xconomy’s New Fintech Channel
Whether you think Apple Pay or bitcoins, lending or mobile banking, not to mention new ways to protect our financial information, a revolution is underway when it comes to the technology behind finance. What’s more, this revolution is playing out all over the country—not just in the financial hubs of New York or Silicon Valley … Continue reading “Introducing Xconomy’s New Fintech Channel”
West Coast Bio Roundup: Gene Edit Talk, Not Poor ORIC, BioMarin Sags
[Corrected, 12/4/15, 5:10pm. See below.] In Washington, DC, this week, a three-day meeting brought together scientists, ethicists, and others to discuss the blistering advances in gene editing and the related legal, ethical, and medical implications. David Baltimore, a Nobel Prize winning biologist at the Pasadena-based California Institute of Technology, led the committee that planned the … Continue reading “West Coast Bio Roundup: Gene Edit Talk, Not Poor ORIC, BioMarin Sags”
Gene Edit Summit Leaders Stop Shy Of Call To Ban Germline Changes
No call for a ban. No moratorium. But the scientists and ethicists who convened this week’s once-in-a-generation summit in Washington, DC, say that the practice of editing human DNA in a way that can be passed to future generations is “irresponsible” until there’s a body of evidence that it is safe, that it works, and … Continue reading “Gene Edit Summit Leaders Stop Shy Of Call To Ban Germline Changes”
JLL Acquires Corrigo for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=babbff9b-67f5-441e-9b40-ca855ef53ff7 Date 12/3/2015 Company Name Corrigo Mailing Address 8245 SW Tualatin Sherwood Road Tualatin, OR 97062 USA Company Description Corrigo provides service management software, maintenance management software and service dispatch software that delivers real-time visibility into and control of the quality and cost of building service operations. Website http://www.corrigo.com Transaction Type M&A … Continue reading “JLL Acquires Corrigo for Undisclosed Sum”
New Madrona Venture Labs Startup ReplyYes Sells Via Text Messaging
Madrona Venture Labs’ latest spinout company is ReplyYes, a text-message-based retail service that promises a simple way for people to buy things like vinyl records. Madrona isn’t talking yet about the second company to emerge from its in-house effort to develop and validate business ideas, and then hand them off to operators to build into … Continue reading “New Madrona Venture Labs Startup ReplyYes Sells Via Text Messaging”
New Map Shows Expanding Seattle Tech Universe
If the crane-filled skyline, increasing home prices, worsening traffic, and competitive job market weren’t enough to tell you that Seattle’s tech economy is booming, a new map released Wednesday should do the trick. A previous star-chart-like depiction of the Seattle-area tech universe, released in 2009, helped investors, entrepreneurs, job seekers, and others visualize the region’s … Continue reading “New Map Shows Expanding Seattle Tech Universe”
Sensoro Garners $10,000,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=663ed24b-0d3a-40b3-87c4-7b114c0828db Date 12/2/2015 Company Name Sensoro Mailing Address 500 Yale Avenue North Seattle, WA 98109 USA Company Description Sensoro, founded in July 2013 at the Microsoft Ventures’ accelerator, is committed to the construction of a large aware- mobile Internet data network, integrating intelligent sensor and the mobile Internet. Website http://www.sensoro.com Transaction Type … Continue reading “Sensoro Garners $10,000,000 New Funding Round”
CardTapp Receives $1,900,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=eee3c47d-1a06-496e-a103-eed3fbcda057 Date 12/2/2015 Company Name CardTapp Mailing Address 12708 Northup Way Bellevue, WA 98005 USA Company Description CardTapp makes it easy to maintain client engagement as well as create a limitless network of potential referrals, this customizable branded application can be shared via text and will give you an edge over the … Continue reading “CardTapp Receives $1,900,000 New Funding”
Garmentory Garners $1,274,312 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ddcdaece-f351-4f4e-af08-1217df441a90 Date 12/2/2015 Company Name Garmentory Mailing Address 1648 103rd Ave. SE Seattle, WA 98004 USA Company Description Garmentory is risk-free to use. Your product remains at your store and on your racks until a sale is accepted. You have nothing to lose, only to gain. Website http://www.garmentory.com Transaction Type Venture Equity … Continue reading “Garmentory Garners $1,274,312 New Funding Round”
Atheer Acquires OnTheGo for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=326eb6b8-bf94-4a0c-ab97-3330e975b925 Date 12/2/2015 Company Name OnTheGo Mailing Address 501 SE 14th Ave. Portland, OR 97214 USA Company Description Smart glasses are about to open a lot of eyes to completely new data-enriched possibilities. With one swipe of your hand, you will be able to call up critical apps like your video camera, … Continue reading “Atheer Acquires OnTheGo for Undisclosed Sum”
What Three Biotechs Could Tell Us About The Pfizer-Allergan Merger
The long-speculated Pfizer-Allergan merger, announced last week with a $160 billion price tag, is officially in motion and lurching toward inevitability. Inevitability doesn’t equal certainty for many involved in the deal. Tens of thousands of employees could potentially get the axe, while dozens of smaller companies partnered with the two behemoths wait to see if … Continue reading “What Three Biotechs Could Tell Us About The Pfizer-Allergan Merger”
The Power of Big Data for Startups
These days, the National Football League, BMW, and Uber have something in common — they’re all experimenting with big data in exciting new ways. The NFL is using big data to help football fans track how fast and how far their favorite players sprint during a game. BMW is using big data to help drivers … Continue reading “The Power of Big Data for Startups”
Gates Leads Global Billionaires in Clean Energy Investment Pledge
In a bid to build momentum toward meaningful action on global climate change, Bill Gates announced a new coalition of global billionaires to back companies commercializing clean energy innovations. Those innovations would be achieved through government research and development funding, which 20 nations pledged to double in a related move. The Breakthrough Energy Coalition, announced … Continue reading “Gates Leads Global Billionaires in Clean Energy Investment Pledge”
Mirador Obtains $7,000,000 Series A Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4b11fd65-1794-4c5b-a6a3-5629c4a1630e Date 11/30/2015 Company Name Mirador Mailing Address 319 SW Washington St. Portland, OR 97204 USA Company Description Mirador is a venture-backed startup in the financial technology space. We are working to solve the problem of expanding access to capital for borrowers, particularly small businesses, by enabling lenders to make faster, less … Continue reading “Mirador Obtains $7,000,000 Series A Funding”
Unify Square Garners $850,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=87770d44-a221-41c8-acb0-f62fb9a5cab3 Date 11/30/2015 Company Name Unify Square Mailing Address 411 108th Avenue NE Bellevue, WA 98004 USA Company Description Unified Communications (UC) has the potential to transform your business by increasing productivity and agility, reducing costs, and enabling richer, more meaningful connections with internal and external stakeholders. But with any transformation comes … Continue reading “Unify Square Garners $850,000 New Round”
Presage Nabs Cancer Rx To Test In Its Drug Cocktail Injection System
Cancer is an elusive foe. Rarely does a single therapy or intervention knock it out, which is why drug combinations are at the top of the agenda for doctors and researchers, even as cutting-edge treatments such as the latest immunotherapies move the field forward. Presage Biosciences of Seattle has created a way to test combinations … Continue reading “Presage Nabs Cancer Rx To Test In Its Drug Cocktail Injection System”
VRstudios Obtains $350,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ccf81247-bd67-42b9-bdc8-452e236045e5 Date 11/25/2015 Company Name VRstudios Mailing Address 100 W. Harrison Seattle, WA 98119 USA Company Description VRstudios provides a platform for growth and development for our client’s Virtual Reality programs. Every step taken and investment made allows our clients to constantly move forward without having to retrench or redirect their efforts. … Continue reading “VRstudios Obtains $350,000 New Round”
Small Molecules: The Silent Majority of Pharmaceutical Pipelines
The pharmaceutical industry is constantly evolving. There always seem to be new, innovative therapeutic approaches emerging that capture our imagination and advance our ability to make a difference in the lives of patients. Take, for example, T-cell therapy for cancer, microbiome therapies, and CRISPR-Cas9 gene editing, each of which could potentially have a significant impact … Continue reading “Small Molecules: The Silent Majority of Pharmaceutical Pipelines”
Paris Rampage Rekindles Conflict Over Government-Proof Encryption
The recent terrorist attacks in Paris were executed with guns and bombs in the physical terrain of city streets and cafe terraces. But the horrific incident is reviving government calls for greater control of the cyber environment. A host of top U.S. officials including the directors of the CIA and FBI, Senator Dianne Feinstein, New … Continue reading “Paris Rampage Rekindles Conflict Over Government-Proof Encryption”
New Space Health Challenge Aimed at Life Science Innovators
An important untapped resource for biotech researchers? That’s the final frontier. So say the organizers of a new startup initiative called the Launch Health Challenge, a year-long effort to help healthcare entrepreneurs leverage the environment of space in order to accelerate their proposed medical devices and, possibly, therapies. “Many researchers don’t know how easy it … Continue reading “New Space Health Challenge Aimed at Life Science Innovators”
West Coast Bio Roundup: Shkreli, T4 Diabetes, Cella-Done, A16Z+Bio
So much for lying low. Investors led by Martin Shkreli have bought a majority of the shares of failed South San Francisco, CA-based KaloBios Pharmaceuticals, which has been in dire straits for some time after clinical failures and the abrupt departure of its longtime CEO David Pritchard earlier this year. For those of you just … Continue reading “West Coast Bio Roundup: Shkreli, T4 Diabetes, Cella-Done, A16Z+Bio”
Slowing the Global Spread of Climate-Sensitive Infectious Diseases
Climate change is already suspected of causing legions of deaths every year as a result of extreme weather events: heat waves and floods; degradation of water supplies and sanitation with negative impacts on agriculture; and air pollution, which, in 2012, was responsible for 7 million deaths—one in eight deaths worldwide. But climate change is also … Continue reading “Slowing the Global Spread of Climate-Sensitive Infectious Diseases”
Can Edtech Turn Post-Millennials Into News Junkies? Newsela’s Trying
Much has been written—and often lamented—about the supposed effect of Web technology on the Millennial generation. These digital natives care to read only in short snippets, the stereotype goes; they get all their news from their Facebook friends, and rarely subscribe to newspapers, some of their elders complain. Even if there’s evidence of such trends, … Continue reading “Can Edtech Turn Post-Millennials Into News Junkies? Newsela’s Trying”
Opanga Networks Lands $2,817,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=eb8f483b-4ec1-4d6c-ae41-fba29005c89b Date 11/19/2015 Company Name Opanga Networks Mailing Address 100 S King St. Seattle, WA 98104 USA Company Description Opanga Networks, Inc is a privately held company based in Seattle, Washington. As the leading innovator of pragmatic video optimization solutions Opanga overhauls the mobile video experience for consumers while substantially improving network … Continue reading “Opanga Networks Lands $2,817,000 New Funding”
TwoXAR Grabs $3.4M for Algorithm-Based Drug Discovery
One of the most frustrating aspects of drug discovery is the years spent testing drug candidates in the lab against various diseases they could treat. A new startup that received a $3.4 million seed round from Andreessen Horowitz has developed a method of expediting the process using algorithms. Palo Alto, CA-based TwoXAR is using computations … Continue reading “TwoXAR Grabs $3.4M for Algorithm-Based Drug Discovery”
Somasegar Is Latest Outgoing Microsoft Exec to Join Madrona
Madrona Venture Group has welcomed another long-tenured Microsoft executive to its ranks, naming S. “Soma” Somasegar, who last month left the software giant after 27 years, as its newest venture partner. Madrona has been a way station for other top Microsoft leaders after exiting the Redmond, WA, company. Kurt Delbene spent 21 years at Microsoft … Continue reading “Somasegar Is Latest Outgoing Microsoft Exec to Join Madrona”
Keeping Score, Clinical Watchdogs Push Drugmakers For More Open Data
Should drug companies publicly release all data from the tests they conduct on human volunteers? A growing number of parties say yes, and last week, a group of academics unveiled a scorecard to spotlight companies that have recently kept their clinical data hidden from public view—and those that have made the data available. As with … Continue reading “Keeping Score, Clinical Watchdogs Push Drugmakers For More Open Data”
Big Bucks, Tiny Bubbles: Ex-Biogen Exec’s Exosome Startup Nabs $80M
Exosomes were once thought of as cellular garbage bins, bubbles filled with waste and shipped out for elimination. But a more sophisticated view of exosomes—and a better understanding of their biological role—has led companies to exploit their diagnostic and therapeutic potential. The latest startup is Codiak BioSciences, which has just reeled in over $80 million … Continue reading “Big Bucks, Tiny Bubbles: Ex-Biogen Exec’s Exosome Startup Nabs $80M”
OnTheGo Lands $1,879,639 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3d1af3f7-c9b5-424a-8e1b-4adf02eced26 Date 11/17/2015 Company Name OnTheGo Mailing Address 501 SE 14th Ave. Portland, OR 97214 USA Company Description Smart glasses are about to open a lot of eyes to completely new data-enriched possibilities. With one swipe of your hand, you will be able to call up critical apps like your video camera, … Continue reading “OnTheGo Lands $1,879,639 New Financing Round”
Camp Native Lands $1,095,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=49863392-c68e-4d44-b4d2-1437562dbe7f Date 11/16/2015 Company Name Camp Native Mailing Address 14405 25th Avenue SW Burien, WA 98166 USA Company Description Camp Native is the ultimate online location for finding and booking great camping experiences. It’s like Airbnb for the great outdoors: we make it easy for campers everywhere to find and reserve campsites … Continue reading “Camp Native Lands $1,095,000 New Funding Round”
Qliance Medical Management Obtains $450,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=dbb08377-f3dc-498a-8c40-3a18d9070b54 Date 11/16/2015 Company Name Qliance Medical Management Mailing Address 2101 Fourth Avenue Seattle, WA 98121 USA Company Description Qliance’s unique approach to providing primary care has grown out of frustration with an unmanageable, expensive insurance system and a desire to put good, affordable, personalized primary healthcare back in the hands of … Continue reading “Qliance Medical Management Obtains $450,000 New Funding”
Flexe Receives $4,400,000 Seed Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=41dd652d-3c16-4804-80ab-54dd31cf12fc Date 11/16/2015 Company Name Flexe Mailing Address 401 2nd Ave South Seattle, WA 98104 USA Company Description FLEXE makes on-demand warehousing possible by connecting organizations in need of additional space to organizations with extra space. Our cloud-based platform powers unified warehouse sourcing and set up, while also streamlining material handling operations. … Continue reading “Flexe Receives $4,400,000 Seed Funding Round”
Julep Beauty Obtains $2,008,235 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=071806ce-aaf3-4bab-8f44-785225fb8403 Date 11/16/2015 Company Name Julep Beauty Mailing Address P.O. Box 19523 Seattle, WA 98109 USA Company Description Julep was created as a tribute to the girlfriends who tell it like it is. Who push us to take a break from the bob and try something a little more daring with our … Continue reading “Julep Beauty Obtains $2,008,235 New Funding”
Authess Secures $675,000 Seed Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f993ad67-698a-46a4-b3af-8fd81840ab10 Date 11/16/2015 Company Name Authess Mailing Address Undisclosed Boston, MA 98101 USA Company Description We have an end-to-end technology solution that reduces the time and cost of developing performance-based assessment while increasing effectiveness. Website http://www.authess.com Transaction Type Venture Equity Transaction Amount $675,000 Transaction Round Seed Proceeds Purposes The company will use … Continue reading “Authess Secures $675,000 Seed Funding”
Seeq Receives $4,189,731 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=179d552e-1206-4519-b609-e4e392dcad39 Date 11/16/2015 Company Name Seeq Mailing Address 1301 2nd Avenue Seattle, WA 98101 USA Company Description Seeq operates under the principles of a lean-startup, and our expert development and consulting teams leverage agile techniques. Lean and agile use frequent customer touches, demonstrations and reviews. The result is shorter time to useful … Continue reading “Seeq Receives $4,189,731 New Funding Round”
Thinking Phone Networks Acquires Fuze for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f9e5b93b-26f9-41dc-9c51-a871333325ff Date 11/16/2015 Company Name Fuze Mailing Address 124 NW Canal Street Seattle, WA 98107 USA Company Description Fuze is redefining real time visual communication and collaboration. Our core principles guide our actions and priorities. They are as follows: Design a great user experience that drives engagement. Enable everyone to communicate and … Continue reading “Thinking Phone Networks Acquires Fuze for Undisclosed Sum”
Stealth Co Unveiling, New Speakers Added to Nov. 17 Healthcare Event
Two great new speakers—one of whom will bring a major new company out of stealth mode—have just joined the lineup for Tuesday’s Healthcare Summit 2015. If you were on the fence before, you should get off it fast. If you are interested in the future of healthcare, you will not want to miss these new elements. The summit … Continue reading “Stealth Co Unveiling, New Speakers Added to Nov. 17 Healthcare Event”
Advancing Drugs at Roche, Sophiris, Coherus, and Other Bio News
An economic impact report released this week by the California Life Sciences Association found that life sciences companies in the Golden State currently have 1,235 new drugs in the development pipeline—and it seemed like this week there was news on each one. Here’s our wrap of the life sciences news from the West Coast —The … Continue reading “Advancing Drugs at Roche, Sophiris, Coherus, and Other Bio News”
Amazon Funds Risky UW Projects & More Recent Seattle Tech News
The public research university is the source of so much that makes an innovation ecosystem run: talent, technology, fresh ideas, and a conduit for research funding. But where federal dollars fall short, Amazon is stepping in with a new program of small grants to back students, researchers, and others pursuing “bold, risky, globally impactful projects.” … Continue reading “Amazon Funds Risky UW Projects & More Recent Seattle Tech News”
How Foreign-Born Workers Spark Employment and Innovation
The way critics tell it—including presidential hopefuls as varied as Bernie Sanders and Donald Trump—high-skilled foreign workers are job stealers. If these candidates have their way, living and working in the U.S. will become harder, not easier, for foreign talent. This protectionism, the theory goes, will positively impact the quantity and quality of American jobs: … Continue reading “How Foreign-Born Workers Spark Employment and Innovation”
Ivy Obtains $600,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8a4f8b3f-9f8d-439a-9656-be2c525f2362 Date 11/12/2015 Company Name Ivy Mailing Address 12277 134th Ct NE Redmond, WA 98052 USA Company Description Presenting Ivytalk: Cross channel messaging solution. We help you easily communicate with anyone, on virtually any medium, anywhere in the world. We provide interactive communication between businesses and consumers, organizations and members, agencies and … Continue reading “Ivy Obtains $600,000 New Funding”