Seattle Startup Receives Major Boost From Series A Round of Funding
Seattle mobile advertising startup HasOffers publicly announced earlier this week that it has raised a $9.4 million series A round. Included in the investments were a few prominent Seattle tech investors. The round was led by California-based venture group Accel Partners, and also included Seattle-based Founder’s Co-op principal Chris DeVore, and RealNetworks founder and CEO Rob Glaser.
HasOffers has been bootstrapped until now. The company won “Bootstrapper of the Year” at last year’s GeekWire Awards for building a profitable, 79-person company without any outside financing. HasOffers was founded by twin brothers, Lee and Lucas Brown, and makes software that assists agencies and networks manage and analyze advertising programs in mobile apps.
The company’s impressive list of clients includes LivingSocial, Electronic Arts, Yahoo, Square, Tapjoy, and Bucksense.
The news is encouraging not only for HasOffers, but also the rest of the startup community in Seattle. Seattle’s startup community is becoming more and more well-known, and the fact that a California-based investor group led the round is noteworthy and worth celebrating. Congrats to HasOffers!