Union Square Ventures
Facts
- HQ
- New York, NY
- Sectors
- Venture capital, Fintech, Crypto
Possible Finance Reaches $125 Million Revenue Run Rate and First Profit, Expands Seattle Office as Founders Reunite
Seattle fintech Possible Finance achieved a $125 million revenue run rate and its first annual profit after pandemic challenges, including layoffs. The company is expanding its Seattle office and reuniting its founding team, with co-founder Prasad Mahendra returning to lead AI initiatives.
Seattle Startup Lithos Secures $6.29M Seed to Expand Basalt-Based Carbon Removal for Agriculture
Seattle agtech startup Lithos raised $6.29 million in seed funding to scale its carbon removal technology that spreads crushed basalt rock on cropland to capture carbon and improve soil nutrients. The company, launched in March and serving over 1,000 acres, sells carbon credits to corporations and shares revenue with farmers.
Coinbase IPO Soars to $85 Billion, Nets Windfalls for Early Backers Including Version One Ventures
Coinbase’s IPO pushed its valuation to $85 billion and delivered major returns to early investors like Version One Ventures, which made a highly profitable bet years ago. The article examines how Seattle and Pacific Northwest investors view crypto and blockchain as the region seeks to grow its fintech presence amid emerging local startups and initiatives.
