The end of Q3 (yes...already) finished on a strong note in Tampa Bay. While August alone brought in over $33 million, September dominated with over $41.9 million in funding. We've got the complete run down of all the deals startups snagged the previous month below.
• We previously wrote about Washlava, the tech-focused laundromat, in July, when LG Electronics announced they would be leading their Series A-1 equity financing round. Washlava was back in the headlines for cinching over $5M in its latest investment round on September 4. Skyway Capital Markets LLC served as the intermediary for the deal, and the funds will be used for research and development, according to Washlava officials.
• ComplianceQuest, which provides software for the life sciences and manufacturing industries, closed its Series A funding round with $36M total. Insight Partners led the round, which is the first major fundraising round ComplianceQuest has completed. The funds will help the company’s continued global growth.
ComplianceQuest has been on the rise in recent months. It ranked No. 163 on Inc. 5000’s “Greatest Entrepreneurs and Fastest-Growing Private Companies in America for 2019,” and is also the youngest company on Gartner’s Market Guide for Quality Management System Software.
• Adjoy Inc. has raised $400K from seven investors, according to an SEC filing on September 16. Adjoy, which was previously called mynfo Inc., previously raised over $6.5M in 2016. The company is a digital marketing and advertising firm.
• PAR, Inc. invested in Immertec, the medtech company with a focus on virtual reality. The investment amount was undisclosed. PAR, Inc. is a local Lutz-based company that publishes assessment instruments and software. Immertec is the Tampa-based startup founded in 2017, that most recently won the Rise of the Rest startup pitch challenge.
• Protospheric Products, Inc. received $345K from five accredited investors on September 17, according to SEC reports. The Clearwater-based company makes disposable gloves with a patented technology so they are difficult to cut, tear or puncture. The company’s last investment received was in 2017, for $210K.
• Hear Now Systems Inc., a Tampa-based company with a focus on mediation and wellbeing, has received $175K, according to SEC reports. The investment comes from two investors. This marks Hear Now Systems’ first funding round.
