Funding information: Tenting app The Dyrt lands $11M; Cascade Seed Fund will again extra PNW startups

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Funding information: Tenting app The Dyrt lands M; Cascade Seed Fund will again extra PNW startups


The Dyrt co-founders Sarah Smith (left) and Kevin Lengthy. (The Dyrt Picture)Right here’s our newest rundown on current startup funding information within the Pacific Northwest.
— The Dyrt, the Portland, Ore.-based tenting app that makes it simpler for customers to determine the place to pitch a tent or park an RV, has raised $11 million in a brand new funding spherical.
The gist: The Dyrt goes past the place different area of interest outside apps cease, interesting to a rising group of tent campers, dispersed campers, RV drivers, van lifers and glampers who share evaluations, images and ideas associated to 44,000 tenting spots throughout the U.S. The app, which is the No. 1 tenting app on the App Retailer and Google Play, has added 1.4 million items of that content material in simply the final 11 months as extra individuals journey nearer to house through the pandemic.
The individuals: Husband and spouse co-founders Sarah Smith and Kevin Lengthy launched the startup in 2013. This summer season they hit the street in a customized van to work remotely and put The Dyrt by its paces. “Our complete thought was, ‘Let’s go really stay this as founders after over half a decade of constructing this platform and this group; let’s go stay this for the subsequent six months and let’s make the product be the factor that we use to seek out our experiences,’” Smith informed GeekWire in August.
The backers: The Collection B spherical was led by Silicon Valley-based Realization Capital Companions, which beforehand backed Seattle startup Moz (acquired by iContact). Realization’s Kevin Iudicello can be becoming a member of The Dyrt’s board of administrators. The startup has raised $23 million to this point.
The take: 4 million People went tenting for the primary time this yr, in accordance with Lengthy, which is a key tailwind for The Dyrt. The explanations behind the explosion in recognition are diverse: “Folks want breaks from the hustle tradition, mother and father need their children to have much less display time, there’s heightened consciousness for the atmosphere. And, in fact, the consequences of the pandemic have individuals simply eager to be outdoors extra typically,” Lengthy mentioned in a information launch.
What’s subsequent: The startup, which at present employs a distant crew of 40, plans to just about double in measurement, including 30 positions throughout know-how, advertising and help.
Extra offers:
— Bend, Ore.-based Cascade Seed Fund raised $8 million for its Cascade Seed Fund II, which is anticipated to be $10 million in complete measurement. The agency goals to make preliminary investments of as much as $250,000 in early-stage tech and client product startups throughout the Pacific Northwest. Based in 2014, the agency rebranded from Cascade Angels Fund in 2019 and launched its first multi-year, conventional enterprise capital fund (Cascade Seed Fund I), which raised $6 million. Current exits from Cascade’s portfolio embrace startups corresponding to Stabilitas (acquired by OnSolve); Hubb (acquired by Intrado); Cairn (acquired by Outdoors) and Topbox (acquired by Khoros).
Robert Pease (left) and Julie Harrelson, managing administrators of Cascade Seed Fund. (CSF Picture)— Identification fraud software program startup Q5id raised $10 million in a spherical led by world funding banking agency Canaccord Genuity. Based in 2018, the Hillsboro, Ore.-based startup makes use of biometrics know-how to assist corporations show the identification of their prospects and workers. Complete funding to this point is $25.5 million.

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