Facts
- HQ
- Seattle
- Sectors
- Venture Capital and Private Equity Principals
- Founded
- 2008
- Employees
- 10
- Last fund
- Founders' Co-op IV, LP · $25M · 2017 SEC Form D
- Funds raised
- 1 fund SEC Form D filings
- Total capital
- $25M SEC Form D filings
Fusebit, founded by Microsoft, Apple and Auth0 veterans, raises $3.3M seed to provide integration APIs
Seattle startup Fusebit, founded in 2019 by veterans of Microsoft, Apple and Auth0, raised a $3.3 million seed round to offer hosted and private-cloud APIs that help SaaS vendors add and monitor integrations at scale. The three-person company — led by CEO Tomasz Janczuk — plans to hire remotely and lists customers including Factory Four, Hyperproof and Leasera.
Pioneer Square Labs spins out 25 startups in five years; six launched during pandemic surge
Seattle startup studio Pioneer Square Labs (PSL) spun out 25 startups in five years — six during a six-month pandemic stretch — by rapidly testing ideas, though it has yet to produce a breakout unicorn and faces criticism over founder dilution.
Temporal raises $20M Series A led by Sequoia to commercialize open-source microservices orchestration
Temporal, a Seattle startup founded by former Uber engineers and cloud veterans, raised $20 million in a Series A led by Sequoia to commercialize its open-source microservices orchestration platform that improves developer productivity and reliability. Major customers include Snap, Box, Checkr, HashiCorp, and Coinbase, and investors include Madrona, Addition, Amplify and Snowflake ex-CEO Bob Muglia.
Routable raises $12M Series A to automate business payments; total funding $16M
Routable, a 2-year-old fintech founded in Seattle and now based in San Francisco, announced a $12 million Series A to automate accounts payable and receivable and streamline business payments. The company, led by CEO Omri Mor and CTO Tom Harel, integrates with Xero and QuickBooks and has raised $16 million total from investors including Y Combinator and Founders’ Co-Op.
Shelf Engine raises $12M Series A led by GGV to cut grocery food waste and manage orders for Whole Foods, Target, Kroger
Seattle startup Shelf Engine raised $12 million to expand its AI-powered ordering platform that helps over 1,000 grocers including Whole Foods, Target, and Kroger reduce perishable food waste and guarantee sales through a scan-based trade model. The 46-person company plans to hire about 90 more employees and has $17.3 million total funding after a Series A led by GGV Capital.
Outreach co-founders Wes Hather and Gordon Hempton leave to found stealth remote-work startup after Outreach raises $50M
Outreach co-founders Wes Hather and Gordon Hempton have left the Seattle sales-software unicorn and are collaborating on a stealthy remote-work startup; Hempton departed in October and Hather left earlier this year while Manny Medina remains CEO. Both founders are prototyping the new product and proving product-market fit, and Outreach recently raised $50 million.
MDMetrix raises $1.1M from Vulcan Capital and Seattle investors to scale COVID-19 Mission Control
Seattle startup MDMetrix raised $1.1 million from Vulcan Capital and other local investors to expand use of its COVID-19 Mission Control software, which analyzes hospital operational data to improve capacity and patient treatment.
Microsoft’s M12 Leads $700,000 Round for Venture Out, Seattle 12-Week Program Helping Corporate Tech Workers Launch Startups
Venture Out is a Seattle-based 12-week program that helps corporate tech workers launch startups by providing mentorship, requiring 10–20 hours/week commitment, and taking 4% equity. The organization raised $700,000 in a round led by Microsoft’s M12 and is accepting applications for a second cohort starting July 13.
Founders’ Co-op publishes customer experience promise to founders outlining five commitments after 200+ early-stage investments
Founders’ Co-op outlines a written customer experience promise to founders, committing to five principles—Tell the Truth, Be Fast, Give First, It’s Your Company, Be Human—based on the partners’ founder-to-VC experience and more than 200 early-stage investments.
Bateau raises $1.5M pre-seed led by Founder’s Co-op to scale safety and compliance software
Seattle startup Bateau raised $1.5 million in a pre-seed round led by Founder’s Co-op to sell safety and compliance software for multi-location businesses, with initial focus shifting to senior living during the COVID-19 pandemic. Co-founders Paul Jarvis (ex-Palantir) and Henry Hutcheson (ex-FullStory/Amperity) launched the year-old company in June and currently have one additional employee.
Remitly reports 100% customer growth and 40% transaction-volume increase from Feb–Mar as COVID-19 drives digital remittances
Seattle remittance startup Remitly experienced rapid growth during the COVID-19 pandemic, with customer numbers up 100% and transaction volume up 40% from February to March, as users shifted to digital transfers while physical providers closed. CEO Matt Oppenheimer said the crisis accelerated the company’s mission to provide safe, mobile cross-border payments for immigrants supporting families abroad.
Chris DeVore
Chris DeVore, Managing Partner of Founders’ Co-op and former Managing Director of Techstars Seattle, shares how he’s helped over 200 Pacific Northwest startups raise over $1.5 billion in investor capital. You’ll learn what is unique about Seattle’s startup ecosystem, how seed rounds came to be and details on what the venture capital process is like for investors. Chris talks about how he’s now raised four funds, why he’d always rather back a founder who has been told she or he isn't 'enough' and is hellbent to prove otherwise, the lessons he learned from working at Patagonia and the founders/companies he’s…
Founders’ Co-op marks 10 years after launching in 2008 with $2.7M, raised $7.7M fund and brought Techstars to Seattle
Founders’ Co-op reflects on its first decade after launching in early 2008 with a $2.7M seed fund, helping regional startups through investments and by bringing Techstars to Seattle in 2010 while raising a second $7.7M fund.
Ganaz Raises $2.1M Led by Founder’s Co-op to Expand Farm-Worker Communication Platform
Ganaz, a platform connecting farmers with seasonal workers using native language translation, raised $2.1 million led by Founder’s Co-op to expand its team and grow its business. The startup aims to build trust between farmers and workers by enhancing direct communication and cultural understanding.
Seattle's Portal VR Founder Compares Current VR/AR Hype to 1990s Internet Video Struggles
Virtual and augmented reality (VR/AR) technology is currently experiencing hype similar to the early days of internet video, with startups and companies investing heavily despite limited consumer adoption. Industry insiders, like Tim Harader who runs Portal VR in Seattle, see parallels but remain uncertain if VR/AR will eventually achieve mass market penetration akin to digital video.
TalentWorks raises $2.4M from Lowercase, Founder’s Co-op and Felicis to guarantee job interviews for $10/week
TalentWorks, co-founded by Kushal Chakrabarti and Ajit Banerjee, emerged from stealth with $2.4M from investors including Lowercase Capital, Founder’s Co-op and Felicis to offer a $10/week AI-driven job-interview matching service that guarantees interviews or refunds fees after 60 days.
Remitly Expands to Massachusetts, Offering Nationwide Digital Remittance Services Transferring $1.5 Billion Annually
Remitly, the largest independent digital remittance company in the U.S., now serves all 50 states after gaining approval to operate in Massachusetts, transferring over $1.5 billion annually via a user-friendly mobile app with low fees. This expansion enables residents, including many foreign-born individuals in Massachusetts, to send money abroad more easily and transparently.
TrueFacet Secures $6M Series A Funding Led by Maveron LLC for Pre-Owned Luxury Marketplace
TrueFacet, a marketplace for buying and selling pre-owned luxury items, raised $6 million in a Series A funding round led by Maveron LLC with participation from several other venture firms.
Fund History
People
See all 5-
Aviel Ginzburg Founder, Co-founder and General Partner
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Chris DeVore Founder, Founder and Founding Managing Partner, Former Techstars Seattle Managing Director
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Tarun Vashisth Founder, Co-founder
