Archway Software, Inc. announced that it has received $14.999985 million in funding from Madrona Venture Group, LLC, Washington Federal, Inc.
February 27, 2023
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On February 28, 2023, Archway Software, Inc. closed the transaction. The transaction was co-led by new investors, Madrona Venture Group, LLC and Washington Federal, Inc. The round is raised at a post-money valuation of $14,999,985.
WaFd, Inc. is a bank holding company that conducts its primary business through its subsidiary, Washington Federal Bank. Washington Federal Bank, a federally insured Washington state chartered commercial bank doing business as WaFd Bank (the Bank), is engaged in providing lending, depository, insurance and other banking services to consumers, mid-sized to large businesses, and owners and developers of commercial real estate. The Bank's business consists primarily of accepting deposits from the general public and investing these funds in loans of various types, including first lien mortgages on single-family dwellings, construction loans, loans on multi-family, commercial real estate and other income producing properties, home equity loans and business loans. The Bank invests in certain United States government and agency obligations and other investments. The Bank has approximately 198 branches located in Washington, Oregon, Idaho, Arizona, Utah, Nevada, New Mexico and Texas.
WAFD, INC 
