JPMorgan Chase
Facts
- HQ
- Manhattan
- Sectors
- Financial services, Investment banking, Commercial banking, Asset management, Financial transaction processing, Consumer banking
- Employees
- 380
- Stage
- Public
Amazon CEO Andy Jassy Mandates Full-Time Office Return and Reduces Managers by 15% by Early 2025
Amazon CEO Andy Jassy announced that starting January 2025, employees will be required to work from the office five days a week, reversing the work-from-home flexibility adopted during the pandemic. Additionally, Amazon plans to reduce the number of managers to increase individual contributors by 15% by the end of Q1 2025 to foster streamlined decision-making and collaboration.
Seattle Venture Capital Firm Flying Fish Files for New Fund III to Continue Investing in AI Startups
Seattle-based venture capital firm Flying Fish is raising a new fund called Flying Fish Fund III, following previous funds of $37 million and $70 million raised in 2016 and 2022 respectively. The firm focuses on early-stage AI, machine learning, and robotics startups, initially in the Pacific Northwest but now with a broader geographic scope.
Flexport Acquires Convoy’s Technology and CEO Dan Lewis After Convoy’s Sudden Shutdown
Freight company Flexport acquired Convoy's technology and some employees, including CEO Dan Lewis, after Convoy abruptly shut down, citing a modest purchase price. Convoy, once valued at $3.8 billion, collapsed due to market challenges and exhausted strategic options despite significant funding.
Seattle-Area Startup Chainguard Raises $61M Series B to Secure Open Source Software Supply Chains
Chainguard, a Kirkland-based cybersecurity startup focused on securing open source software supply chains, raised $61 million in a Series B funding round led by Spark Capital. The company has tripled its annual recurring revenue recently and counts Hewlett Packard Enterprise and Snowflake among its customers.
Author Joins JP Morgan Seattle as VP for Startup Banking Starting November
The author announces joining JP Morgan in Seattle as a VP for Startup Banking starting November and expresses enthusiasm to support Pacific Northwest founders. They plan to take a short break before engaging in startup collaboration and funding efforts.
Earth Finance Acquires Molecule, Appoints Timothy Zenk as Managing Director; Hires Jennifer Sullo After $14M Raise
Earth Finance acquired Seattle-based climate advocacy firm Molecule, with its founder Timothy Zenk joining as managing director to lead renewable fuels and public policy teams. Earth Finance, which recently raised $14 million and was co-founded by former Washington state Senator Reuven Carlyle, also hired Jennifer Sullo, a former Goldman Sachs and J.P. Morgan executive.
GeekWire Week in Review (May 14, 2023): Top stories include ex-CFO indicted over $35M crypto transfer, Bezos’ $500M yacht, and Amazon legal/personnel news
GeekWire's Week in Review for May 14, 2023 lists the site's most-read stories, including a Seattle startup ex-CFO indicted over an alleged $35M crypto transfer, Jeff Bezos' $500M yacht, and Amazon-related legal and personnel news.
Ziad Ismail Named COO of Seattle AI Startup Xembly; Jennifer Sullo Joins Earth Finance; Aaron Bird Becomes Inflection.io CEO
Ziad Ismail has joined Seattle AI startup Xembly as COO, bringing extensive experience from Convoy and Microsoft. Additionally, Jennifer Sullo joined Earth Finance as managing director, and Aaron Bird became CEO of Seattle marketing startup Inflection.io.
Silicon Valley Bank Urges Customers to Return Deposits After Collapse, Backed by U.S. Government
Silicon Valley Bank, now backed by the U.S. government, is urging customers to return their deposits after its recent collapse, assuring them of full protections. The newly formed Silicon Valley Bridge Bank is operational, making new loans, honoring credit facilities, and seeing some customers already returning funds.
RealWear to Go Public via SPAC Merger with Cascadia Capital Valued at $375.5 Million
RealWear, a Vancouver, Washington-based industrial headset maker, is going public through a SPAC merger with Seattle's Cascadia Capital, valuing the combined company at $375.5 million. The company, serving over 5,000 enterprise customers including 41 Fortune 100 firms, reported $20.5 million in revenue for 2022 with a 63% gross margin.
FTX Collapse Sparks Industry Turmoil as Seattle Crypto Startups Secure $30M Funding Amid Market Downturn
The collapse of FTX caused significant disruption in the crypto industry, impacting companies like BlockFi and Genesis, and leading to a decline in venture capital investments in crypto startups. Despite these challenges, Seattle-area crypto startups have secured about $30 million in funding this year, with optimism persisting among local crypto leaders.
Seattle Startup Stack Raises $2.7M to Build Crypto Investing and Education Platform for Teens
Seattle-based startup Stack raised $2.7 million to develop its education-focused crypto investing platform for teens, aiming to differentiate with tailored content alongside investment tools. The company plans iOS and Android app launches, targeting a waitlist of 5,000, backed by investors including Madrona Venture Group and Santa Clara Ventures.
Seattle-Area Startups Raise $1.5 Billion in Q1 2022 Amid U.S. VC Funding Slowdown from $95.4B Q4 2021
Seattle-area startups raised $1.5 billion in Q1 2022 across 112 deals, down from $2.7 billion in Q4 2021 but still higher than Q1 2021, amid a broader U.S. venture capital slowdown driven by inflation, interest rates, and geopolitical uncertainty. Despite lower funding levels, the venture capital market is experiencing a healthy recalibration with strong business models and significant dry powder available to support startups.
WTIA selects 30 Washington seed-stage startups for seventh six-month Founder Cohort Program
The Washington Technology Industry Association selected 30 Washington-headquartered, seed-stage tech startups for its seventh six-month virtual Founder Cohort Program, which provides fundraising, governance, legal, accounting, and go-to-market training for companies with under $1M annual revenue.
Vera Whole Health raises $50M from Morgan Health; Dan Mendelson to join board
Seattle-based Vera Whole Health raised $50 million from Morgan Health, JP Morgan Chase’s healthcare arm, to expand its employer-focused coordinated primary care model after a July majority-stake private equity buyout. Morgan Health’s first investment in coordinated care will support Vera’s growth and create a partnership with Central Ohio Primary Care, with Dan Mendelson joining Vera’s board.
People
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Lindsay Randall Executive, VP - Startup Banking
