Facts
- HQ
- Bellevue, WA, US
- Sectors
- Venture Capital and Private Equity Principals
- Founded
- 2000
- Employees
- 28
Icertis Co-founder and Former CEO Samir Bodas Dies at 61 After Battling Cancer
Samir Bodas, co-founder and former CEO of Icertis, passed away at 61 after battling cancer, leaving behind a legacy of leadership that emphasized team success over individual accolades. His close friendships, including with Microsoft CEO Satya Nadella, reflected his entrepreneurial spirit and commitment to fostering company culture rooted in personal values.
Kyndryl Acquires Seattle-Based Cloud Migration Company Skytap to Expand Hybrid Cloud Services
Kyndryl has acquired Seattle-based cloud migration software company Skytap, aiming to enhance its hybrid cloud services portfolio. Skytap, led by CEO Bradley Schick, supports traditional on-premise systems on Microsoft Azure and IBM Cloud, serving clients like Honeywell and Okta.
Seattle Cloud Firm Skytap Raises $18M from Vistara Growth to Expand Cloud Solutions
Seattle-based cloud company Skytap raised $18 million from Vistara Growth to enhance its cloud software offerings, serving clients with traditional applications like IBM Power. Founded 16 years ago and led by CEO Bradley Schick since 2019, Skytap counts investors including Goldman Sachs and Jeff Bezos among its backers.
Bellevue VC Fuse Raises $250M Second Fund, Reaching $420M Total Since 2020
Bellevue-based venture capital firm Fuse raised $250 million for its second fund, bringing its total raised to $420 million across two funds since launching in 2020. The firm will continue investing in Pacific Northwest and western Canada B2B tech startups, leading seed and Series A rounds with $1 million–$10 million checks.
Seattle VC Firm Fuse Raises $250M Second Fund to Back 30-35 Pacific Northwest Startups
Seattle-based venture capital firm Fuse raised $250 million for its second fund to invest in early-stage enterprise software startups across the Pacific Northwest, aiming to back 30-35 companies despite a broader venture capital slowdown. Founded in 2020 with an initial $170 million fund, Fuse credits its growth to the strong local talent and entrepreneurial ecosystem.
Fuse closes $250M second fund to back 30–35 Pacific Northwest software and AI startups
Seattle-area VC firm Fuse has closed a $250 million second fund to invest in 30–35 Pacific Northwest software and AI-enabled startups, writing $1M–$10M checks and co-leading rounds. Backers include state-affiliated accounts, foundations, universities and prominent Seattle software executives, and Fuse aims to back companies that automate business processes or augment workers.
Madrona Venture Group Raises $690M Across Two Funds to Support Startups in Seattle and Nationwide
Madrona Venture Group has raised $690 million across two funds, marking its largest ever, to back startups primarily in the Pacific Northwest and nationwide. The firm plans about 40 venture investments with increased capital per company amid a strong U.S. venture market.
Seattle Startup ModusBox Spins Out PortX with $10M Series A Led by Fuse and BankTech Ventures
Seattle-based ModusBox is spinning out its financial services tech business into a new company called PortX, which raised $10 million in Series A funding led by Fuse and BankTech Ventures. PortX, focused on financial services integration software, employs 51 people while ModusBox has 19, both headquartered near Seattle.
Seattle VC Firm Fuse, Led by Three Under-40 Partners, Raised $170M and Seeks $250M for Second Fund
Seattle venture capital firm Fuse, led by three general partners all aged 35 or younger, raised $170 million for its first fund and is currently raising $250 million for its second. The firm focuses on early-stage Pacific Northwest software startups and is notable for both its youthful leadership and sizable funds.
Seattle VC Fuse announces $170 million inaugural fund, backing 17 Pacific Northwest B2B startups
Seattle-based early-stage VC firm Fuse disclosed its inaugural fund is $170 million, which has backed 17 Pacific Northwest B2B software startups and plans 25–30 total investments.
Providence spinout Tegria acquires Seattle AI health startup KenSci; founders depart, Sudarshan Chitre named CEO
Tegria, a Providence spinout, has acquired Seattle-based healthcare AI startup KenSci, which uses machine learning to predict patient risk and reduce costs; terms were not disclosed and KenSci’s founders will depart while about 50 staff will be retained. KenSci has raised $30 million to date and Sudarshan Chitre becomes CEO following the acquisition.
Former Rover CTO Scott Porad named Dolly’s first CTO as Dolly plans headcount, sales expansion; Regi Vengalil to become Metromile CFO in May
Scott Porad, former Rover CTO, has joined Seattle peer-to-peer moving app Dolly as its first chief technology officer as the startup plans to double headcount and sales; Regi Vengalil will leave Egencia in May to become CFO of Metromile, a pay-per-mile insurer.
Brendan Wales joins Seattle VC Fuse as third founding GP as firm raises more than $118M for Fund I
Brendan Wales, a longtime Bay Area startup investor, has joined Seattle-based VC firm Fuse as its third founding general partner, and Fuse has raised over $118 million (nearly $120M) for its first fund to invest in B2B software across the Pacific Northwest.
Cloud City Venture Capital, founded by Jim Brisimitzis and Kevin Ober, raises fund to back 5G, edge and AI startups
Cloud City Venture Capital, founded earlier this year in Seattle by Jim Brisimitzis and Kevin Ober, is raising a new fund to invest in startups at the intersection of 5G, edge networks and artificial intelligence. Both founders have deep Seattle tech and VC ties—Brisimitzis with Microsoft and the 5G Open Innovation Lab, Ober from Divergent Ventures and Vulcan Ventures.
Intelage raises $3.5M led by Blumberg Capital to grow commodity-trading software platform
Seattle-area startup Intelage raised $3.5 million to expand its commodity-trading software that automates risk control, documentation, logistics, inventory and communication for suppliers, buyers and partners. The 10-person company, founded in 2017 by John Han, says demand has grown during the pandemic for tools enabling remote work and collaboration.
Progress to Buy Seattle Automation Firm Chef for $220M in Cash; Chef Reports $72M TTM Revenue
Progress, the Bedford, Mass.–based business application platform, will acquire Seattle automation company Chef for $220 million in cash; Chef reported over $72 million in trailing 12-month revenue with more than 95% recurring revenue and about 270 employees. Chef CEO Barry Crist said the deal provides scale to advance Chef’s platform after the company became cash-flow positive and neared full-year profitability.
Ignition Partners investors spin out Fuse Venture Partners led by Kellan Carter, Cameron Borumand and Seahawks star Bobby Wagner
A group of investors from Seattle VC firm Ignition Partners, including managing partner John Connors, have launched a spinoff called Fuse Venture Partners led by general partners Kellan Carter and Cameron Borumand and featuring Seahawks linebacker Bobby Wagner as a venture partner. Ignite will sunset its brand while Fuse focuses on doubling down in Seattle and managing new investments, with Wagner committing to active involvement.
AstrumU raises $7.6M Series A to map college coursework and skills to job outcomes
AstrumU, a three-year-old Seattle-area startup, raised $7.6 million in a Series A led by Kingdom Capital to expand its platform that maps college courses, skills and extracurriculars to labor-market outcomes. The company sells insights to universities and employers to enable skills-based hiring and help institutions understand how educational experiences translate into jobs.
GeekWire Awards 2020 Goes Virtual; Ally Wins Startup of the Year as Bill Gates and Celebrities Celebrate
GeekWire held a virtual GeekWire Awards livestream honoring top Pacific Northwest tech companies and leaders across 12 categories, with winners accepting via Zoom and special video messages from figures like Bill Gates. Seattle startup Ally won Startup of the Year, and the event included entertainment such as The Drunken Tenorperforming an "Opera di Zoom."
OneTrust acquires Seattle AI-focused privacy startup Integris, folds tech into OneTrust DataDiscovery and keeps 20-person Seattle team
Atlanta-based privacy software firm OneTrust has acquired Seattle startup Integris Software and integrated its AI-based discovery technology into OneTrust DataDiscovery while retaining Integris’s 20-person Seattle team. Integris, founded in 2016 and a $16 million VC-backed company, will support tasks like compliance monitoring during cloud migrations and data governance.
People
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John Connors Founder, Co-founder and Partner
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Cameron Myhrvold General Partner
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Satbir Khanuja Venture Advisor
