Facts
- HQ
- Seattle, Washington, US
- Sectors
- Investment Management
- Founded
- 2002
- Employees
- 28
Seattle Biotech Lumen Bioscience Raises $30M Series C Extension, Adds Microsoft Vet Jeff Raikes to Board
Seattle biotech startup Lumen Bioscience raised a $30 million Series C extension led by WestRiver Group, bringing total funding to $186.8 million to advance its oral biologic drugs. The company also added Microsoft veteran Jeff Raikes to its board and announced several leadership updates.
Seattle Early-Stage Startups AlsonAI, InnoMat, LoftxAI, and Orbital Robotics Spotlighted for AI Innovations in Storytelling and Supply Chains
GeekWire's startup radar highlights early-stage Seattle companies focusing on AI innovations in space robotics, storytelling, and supply chain, featuring leaders like Nafisa Muzaffar of AlsonAI and Charlie Sun of InnoMat. Venture capitalist Anthony Bontrager offers insights on their potential and challenges in market adoption.
Seattle Point-of-Sale Startup CHEQ Acquired by Philadelphia's Cantaloupe
Seattle-based point-of-sale startup CHEQ, known for servicing sports venues and the Bite of Seattle festival, was acquired by Philadelphia-area self-service retail tech company Cantaloupe. Founded in 2021 and backed by $8 million in funding, CHEQ's software aims to enhance sales and reduce wait times through mobile and kiosk solutions.
By WestRiver Group
See all 24Anthony Bontrager: 2023 "Great Reset" became a rapid VC reinvention as AI upended valuations, governance, and scaling
Anthony Bontrager reflects on his January 2023 "Great Reset" forecast, saying venture capital not only corrected but transformed as AI accelerated a faster, larger shift than he expected. He highlights valuation bifurcation favoring AI narratives, intensified AI-focused due diligence and governance, a return to profitability, and predicts continued upheaval into 2026 after a 2023 purge and subsequent AI-driven divergence.
Lumen Bioscience adds Jeff Raikes to board, promotes executives and secures $30M Series C extension led by WestRiver Group
Lumen Bioscience announced board and leadership changes—including Jeff Raikes joining as an independent director, promotions of Nhi Khuong and Kole Krieger, and appointment of David Saunders—and elected Erik Anderson as Vice Chairman. The company also closed an oversubscribed $30 million Series C extension led by WestRiver Group with participation from the Gates Foundation and several new investors to support its orally delivered biologics clinical pipeline.
GeekWire Startup Radar spotlights 2024 Seattle AI startups including AlsonAI and InnoMat with VC assessments from WestRiver’s Anthony Bontrager
GeekWire’s Startup Radar highlights early-stage Seattle companies focused on AI across space robotics, storytelling, and supply chain, featuring VC viewpoints from Anthony Bontrager of WestRiver Group. Spotlights include AlsonAI (generative AI storytelling) and InnoMat (AI-driven material selection), both founded in 2024 and currently bootstrapped.
People
-
Jeff Raikes Executive, Former Chief Executive Officer of the Gates Foundation, Independent Director, Former President of Microsoft Business Division
-
Anthony Bontrager Managing Director
