Seattle Roundup: Moz, PitchBook, Cedexis, Corbis, Getty, Nimia
A pair of Seattle companies, Moz and PitchBook, introduced $ 10 million funding rounds this week and were each refreshingly forthcoming about things that non-public tech firms normally maintain with regards to the vest: revenue and valuations. meanwhile, Portland-based Cedexis raised $ 22 million, and a few big offers went down involving Seattle-based digital picture licensing giants Corbis and Getty images, in addition to upstart Nimia. read on for details:
—Moz, the Seattle affiliate marketing online software company, introduced a $ 10 million sequence C funding from Foundry group at a pre-cash valuation of $ 120 million. the company has these days accelerated its choices from search engine optimization and inbound advertising. With Moz local, it’s serving to small businesses take care of and improve their on-line presence, and with Moz content, it’s making improvements to the way marketers produce weblog posts and other content material to support their brands.
“the elemental relationship between companies and their present and attainable clients is altering,” writes CEO Sarah fowl in a blog submit on the funding. “New advertising and marketing disciplines are rising to take advantage of thrilling modifications in how we research, keep in touch, make friends, and conduct business. Moz was based to lend a hand entrepreneurs capitalize on these shifts.”
the new funding, which brings complete project funding in Moz to $ 29.1 million, will make stronger Moz local and different new efforts. Moz, which locations a substantial amount of emphasis on its firm tradition, had about $ 38 million in 2015 income.
As a part of the funding news, hen said Foundry crew’s Brad Feld is stepping down from the Moz board to get replaced with the aid of Foundry’s Seth Levine.
Moz most lately raised $ 18 million from Foundry staff and Ignition partners in 2012.
—Seattle-based totally funding knowledge provider PitchBook also introduced a $ 10 million sequence B funding from Morningstar Inc., which the corporate says values it at $ a hundred and sixty million. PitchBook, which gives information for some 1,four hundred clients in non-public equity, mission capital, and M&A —as well as journalists overlaying them—will use the brand new capital to add features, coverage, and staff. It plans to rent upwards of a hundred folks in 2016, which would bring its complete work pressure to more than 600 in offices in Seattle, new york, and London.
PitchBook, headed by way of founder and CEO John Gabbert, says it grew sales sixty eight percent in 2015 to $ 31 million, a % it goals to continue this year. “Our boom stems from the ongoing center of attention on providing our shoppers with the best knowledge, expertise, and repair within the industry,” Gabbert says in a information free up. “We imagine that after our consumers have get entry to to unparalleled non-public market information, they’re able to to find more alternatives and make better, information-knowledgeable selections.”
Pitchbook raised $ four.25 million in 2009, but has generally used its own revenue to fund increase so far.
—Cedexis, a Portland, OR-based network monitoring firm, which optimizes and measures content delivery on the web, introduced a $ 22 million collection B investment led through Ginko Ventures, with participation from Foxconn, Nokia boom companions (NGP), and Citrix systems Ventures. the company’s collection A buyers, evolved know-how Ventures and Madrona mission workforce, additionally participated. the corporate plans to spend the new capital on elevated options for over-the-prime (OTT) video, instrument-as-a-provider, and web functions.
—Corbis, the digital image and rights licensing firm began with the aid of invoice Gates with the original aim of offering content material for digital art frames, closing week introduced the sale of property and types of its photography division to an affiliate of visual China group (VCG). Getty photography, which, like erstwhile competitor Corbis, is based totally in Seattle, will have the rights to distribute the Corbis photography acquired by VCG affiliate team spirit Glory outdoor of China.
Corbis’ divestiture is a component of an ongoing transition to “an leisure promotion trade with a specific focal point on product integration.” last 12 months, the corporate received Plaid Social Labs, which works on product integration for on-line video and social media, and WSM Communications, a London-based agency concerned with sports advertising and marketing and sponsorship. Corbis says its Corbis leisure division, which also represents and licenses rights for celebrities comparable to Bruce Lee and Dr. Martin Luther King, Jr., will probably be rebranded later this year.
—in the meantime, any other Seattle-based competitor to these digital imagery giants introduced a smaller tie up this week. Nimia, which licenses digital video to be used by means of manufacturers, advert businesses, and films, stated it inked a content distribution partnership with national Geographic inventive. content from greater than a hundred filmmakers will now be on hand on the Nimia provider, which boasts streamlined and flexible rights management.
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