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Venture capital

What’s missing from Seattle’s startup ecosystem?

by Taylor Soper on June 11, 2024June 11, 2024 at 2:16 pm

More operators. More sizzle. More founders investing in each other. And making the city a better place to live. Those are some of the ingredients that could boost Seattle’s startup… Read More

News Brief

YC grad Manifold Freight raises $1.9M for trucking logistics software

by Taylor Soper on May 20, 2024May 20, 2024 at 1:16 pm

Manifold Freight, a new Seattle-based trucking software startup aiming to help aggregate spot freight opportunities for carriers, raised a $1.9 million seed round. Previously: Former Convoy engineers take another swing… Read More

Video

Following demise of Techstars Seattle, prominent VC launches new twist on accelerator concept

by Taylor Soper on May 17, 2024May 17, 2024 at 10:26 am

An entrepreneur and investor with roots in the defunct Techstars Seattle program plans to launch a new invite-only organization and shared workspace that supports tech founders by surrounding them with… Read More

Video

Baird Capital president offers startups a glimmer of hope: ‘The market’s coming your way’

by Todd Bishop on May 15, 2024May 15, 2024 at 10:45 am

It has been a rough couple of years for startup founders, emerging from the pandemic only to find themselves in the grips of one of the toughest markets for venture… Read More

Venture Mechanics aims to boost Seattle-area startup ecosystem with incubator and event space

by Lisa Stiffler on May 2, 2024May 17, 2024 at 10:59 am

When Techstars suddenly pulled up stakes from Seattle earlier this year, Ron Wiener saw an opportunity to help fill a void. Wiener is the leader of Venture Mechanics, a unique… Read More

New startup group in Seattle aims to support Black founders and investors

by Taylor Soper on May 1, 2024May 1, 2024 at 8:01 am

A computer programmer and laboratory scientist are teaming up to help boost the number of Black founders and investors in tech startups. Evan Poncelet and Jesse Posey are the co-founders… Read More

Founders with unique backgrounds unite over climate concerns and launch new venture fund

by Lisa Stiffler on April 26, 2024April 26, 2024 at 10:03 am

SNØCAP, a new climate-focused venture capital fund, is launching with $5 million to invest in startups. The team has a somewhat unusual target for its investments, aiming for startups making… Read More

Intrepid Oregon Fund launches with $4M from the state to invest in climate and tech startups

by Lisa Stiffler on April 25, 2024April 24, 2024 at 11:07 pm

Portland Seed Fund managers announced the launch of the Intrepid Oregon Fund, which has $4 million to invest in early-stage startups working on climate tech as well as healthcare, medical… Read More

Top 10 funding deals in Q1 for Pacific Northwest startups

by Taylor Soper on April 12, 2024April 12, 2024 at 11:44 am

Startup fundraising activity didn’t budge much in the first quarter of 2024 across the U.S. as the venture capital slowdown continued into the new year. Quarterly deal value hit the… Read More

Video

Shift AI Podcast: Cultivating the next wave of AI startups, with Yifan Zhang of the AI2 Incubator

by Boaz Ashkenazy on April 3, 2024April 3, 2024 at 8:05 am

As the managing director of the AI2 Incubator, where she plays an active role in investing in the next wave of AI-first companies, Yifan Zhang shares a nuanced view on… Read More

Former Techstars Seattle leader Isaac Kato launches fund to back ‘non-obvious’ founders

by Taylor Soper on March 19, 2024March 19, 2024 at 3:57 pm

A new venture firm based in the Seattle region wants to support early stage tech startup founders that may be overlooked by other investors. Isaac Kato, a longtime entrepreneur and… Read More

This Seattle investor went from Google to Africa to a big exit — and is back home investing in startups

by Taylor Soper on March 18, 2024March 18, 2024 at 8:18 am

Andrew Peterson’s interest in technology started in Seattle as a young computer lab associate at his elementary school, just as the internet was proliferating. Several decades later — after a… Read More

Funding female founders: Former All Raise CEO on what needs to change

by Taylor Soper on March 12, 2024March 13, 2024 at 7:33 am

The tech giants known as The Magnificent Seven — Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla — all share something in common, beyond driving a disproportionate amount of value into… Read More

Meet Seattle’s newest seed fund: Breakwater Ventures emerges to back early stage startups

by Taylor Soper on February 14, 2024February 14, 2024 at 9:11 am

There’s a new Seattle-based investment firm looking to support software startups across the Pacific Northwest that are just getting off the ground. Breakwater Ventures is coming out of stealth after… Read More

Screenshot of Quindar spacecraft management sofware platform

Fuse leads $6M round for Quindar, which uses AI for satellite support and is partnering with KSAT

by Alan Boyle on January 30, 2024January 30, 2024 at 9:57 pm

A space-centric startup called Quindar says it has successfully closed an oversubscribed $6 million funding round that will give a boost to its cloud-hosted, AI-supported software platform for satellite management.… Read More

Here’s what startup investors are thinking about amid AI boom, layoffs, funding slowdown

by Taylor Soper on January 26, 2024January 25, 2024 at 11:41 pm

There’s a lot to consider for tech investors assessing potential startup investments in 2024. Many firms need to deploy capital, but last year was sluggish with shrinking valuations and a… Read More

A new venture fund in Seattle aims to accelerate adoption of climate technologies that slash carbon

by Lisa Stiffler on January 11, 2024January 11, 2024 at 7:51 pm

The climate clock is ticking for Ben Eidelson. The Seattle tech vet who sold startups to Google and Stripe is behind a new climate venture capital fund focused on software-driven… Read More

Curiosity, communication, and capital efficiency: Investors share their tips for startups in 2024

by Taylor Soper on January 3, 2024January 3, 2024 at 9:15 am

Be curious. Communicate openly and honestly. Maintain capital efficiency with a focus on growth. Those are some of the top tips for founders heading into 2024, according to Seattle-area tech… Read More

Tech investors give their top predictions for 2024

by Taylor Soper on January 2, 2024January 2, 2024 at 8:11 am

The pace of AI-related innovation accelerated, to say the least, in 2023. Expect the same this year — or even more. That’s the word from a group of Seattle-area tech… Read More

VC investments slowed in 2023, but these Pacific Northwest startups still raised sizable rounds

by Taylor Soper on December 28, 2023December 28, 2023 at 10:39 am

Tech startup investments continued to retreat in 2023 as venture capitalists tightened their belts and companies trimmed costs amid uncertainty about the broader economy. Total funding to Pacific Northwest startups… Read More

Tola Capital raises $230M for third fund to help Seattle firm back enterprise software startups

by Taylor Soper on November 29, 2023December 1, 2023 at 10:01 am

Seattle-based investment firm Tola Capital raised $230 million for its third fund that will provide capital for 25-to-30 early stage startups focusing on AI and enterprise software. Founded in 2010… Read More

Former investors from Bill Gates’ investment office launch $135M Seattle-based ‘deep tech’ fund

by Lisa Stiffler on November 7, 2023November 16, 2023 at 4:11 pm

Two former investors for the Bill & Melinda Gates Foundation Trust and the Gates family investment office have launched a $135 million investment fund focused on startups using “deep technology”… Read More

AdaptX raises $10M to expand its AI-driven medical data analysis for healthcare providers

by Todd Bishop on November 1, 2023November 1, 2023 at 6:16 am

AdaptX, a Seattle tech company that uses AI to help healthcare providers analyze medical data to improve patient care, raised an additional $10 million to support its growth and further… Read More

GeekWire Podcast: The end of the road for Convoy is a cautionary tale for startups and investors

by Todd Bishop on October 21, 2023October 21, 2023 at 5:59 am

What the heck happened at Convoy? We explore that question on a new episode of the GeekWire Podcast, examining the market forces, debt, and other dynamics that put the digital… Read More

Fuse raises $250M for its second fund to supercharge more Pacific Northwest startups

by Taylor Soper on September 25, 2023September 25, 2023 at 11:12 am

Fuse is pouring more fuel on its fire. The Seattle-area venture capital firm raised $250 million for its second fund, a major swath of cash that will support early stage… Read More

Seattle-based Breakers, a new fund led by Annie Luchsinger, eyes early-stage startups

by Taylor Soper on September 5, 2023September 5, 2023 at 3:19 pm

Breakers is breaking into the venture capital scene. The new Seattle-based fund led by former Anthos Capital investor Annie Luchsinger recently emerged as it looks to back early-stage tech startups… Read More

Podcast

Shift AI Podcast: Madrona’s Matt McIlwain on Seattle’s place at the center of the AI universe

by Boaz Ashkenazy on August 26, 2023August 26, 2023 at 6:54 am

[Editor’s Note: On this week’s GeekWire Podcast, we’re featuring an episode of Shift AI, a podcast hosted by Boaz Ashkenazy, CEO of AI solutions provider Simply Augmented, with guest Matt… Read More

‘Virtual creature’ startup Windup Minds raises $1.6M in seed funding

by Todd Bishop on August 7, 2023August 7, 2023 at 9:55 am

A startup founded by gaming and tech industry veterans in cities including Seattle and Los Angeles has raised $1.6 million in seed funding to build what they’re calling a “virtual… Read More

Forced exit: Startup founders seek M&A deals amid funding slowdown

by Nate Bek on July 7, 2023July 13, 2023 at 1:28 pm

When Rebekah Bastian set out to raise funding for her startup in April, she had less than two months of cash runway left on her balance sheet. The CEO and… Read More

Seattle venture firm Essence VC raises $27M to back technical infrastructure startups

by Nate Bek on June 29, 2023June 30, 2023 at 12:18 pm

Seattle pre-seed venture capital firm Essence VC says it has raised $27 million for its third fund to back early-stage startups building software development tools, data infrastructure and artificial intelligence.… Read More

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