With a bit less than normal to report on the San Francisco tech scene, last week still saw some signs of business growth for a handful of local companies. A couple of names grabbed small funding rounds and another announced its public listing. Read more in the Built In SF Weekly Refresh.
Tigo Energy announced plans to go public. Having entered into a $600 million SPAC merger with Roth CH Acquisition IV Co., solar and energy storage company Tigo Energy will enter the publicly traded sector. The company has over 115 patents and has shipped its electronic power devices across the globe. Following the merger’s close in Q2 2023, Tigo Energy will list on Nasdaq under the ticker symbol “TYGO.” [Business Wire]
GameOn pulled in $35M. Operating a conversational chat platform powering solutions for the NBA, NFL, NHL and other professional sports leagues, GameOn announced a Series B round of funding to scale its business into new verticals. With $54 million in total funding from investors like Mirae Asset Venture Investment, Mighty Capital and B3 Capital, the company plans to fuel marketing to enter sectors like retail. [PR Newswire]
SF Tech Quote of the Week
Archive raised $15M. With sustainability top-of-mind, Archive helps businesses launch resale programs, enabling them to lessen production while increasing profit from their existing products. With Series A funding from Lightspeed Venture Partners, the company will further its work to grow the secondhand goods industry. It’s also hiring across engineering and brand success. [Built In SF]
Bitwave got $15M. As more enterprises look to adopt solutions to help manage digital assets, Bitwave is poised to grow its accounting and compliance solution for financial oddities like crypto and NFTs. The company pulled in Series A funding co-led by Hack VC and Blockchain Capital to launch its platform. Bitwave is also hiring across teams, including engineering, marketing, product and sales. [Built In SF]
In more VC funding news: Offering a solution for software sales closures, Cacheflow pulled in $10 million and is actively hiring to expand its team. [TechCrunch]
XFactor grabbed a $10 million seed round led by Lightspeed Venture Partners to release its go-to-market solution to help companies with operations planning. [Silicon Valley Journals]
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