Erik Anderson
Erik Anderson is the Founder and CEO of WestRiver Group. He was Executive Chairman of Topgolf Entertainment Group and became Vice Chairman of Callaway Golf after its 2021 combination with Topgolf, led four decarbonization SPACs, and chairs Singularity Group; he also sits on the board of Solid Power and is Vice Chairman of Lumen Bioscience. Earlier he was a Partner at Frazier Healthcare Partners, CEO of Matthew G. Norton Co. and a Vice President at Goldman Sachs.
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.
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.
Lumen Bioscience Adds Jeff Raikes to Board, Promotes Leaders and Appoints Clinical Trialist After $30M Round
Lumen Bioscience added Jeff Raikes to its board, promoted Nhi Khuong to EVP and Kole Krieger to SVP, appointed David Saunders, MD, MPH to its clinical development team, and named board director Erik Anderson Vice Chairman as it advances orally delivered biologics following a $30 million equity round led by WestRiver Group.
Fabric Names Former Salesforce Exec Mike Micucci as CEO Amid $140M Funding and $1.5B Valuation
Seattle e-commerce startup Fabric named Mike Micucci, former Salesforce Commerce Cloud CEO and Automation Anywhere COO, as its new CEO. The company recently raised $140 million in Series C funding at a $1.5 billion valuation and aims to innovate online commerce technology.
TOCA Football adds former NFL SVP Julie Haddon to Board as company expands after $40M round (total $105M raised)
TOCA Football appointed former NFL senior marketing executive and Chicago Red Stars co-owner Julie Haddon to its Board of Directors as the company expands globally; TOCA has raised $105 million to date, including $40 million in its most recent round.
Ford- and BMW-backed Solid Power in talks to merge with Decarbonization Plus SPAC in $1.2 billion deal
Solid Power, backed by Ford and BMW, is reportedly in talks to go public via a merger with Decarbonization Plus Acquisition Corp. III in a deal that could value the combined company at about $1.2 billion and involve more than $100 million in new equity. The Colorado-based startup recently raised $130 million to scale automotive solid-state battery production, and the SPAC is affiliated with Riverstone Investment Group.
Erik Anderson-led Decarbonization Plus Acquisition to take Hyzon Motors public in $2.7B SPAC deal raising ~$626M
Fuel-cell vehicle maker Hyzon Motors will go public via a SPAC merger valuing the company at $2.7 billion and is set to raise about $626 million through Decarbonization Plus Acquisition, led by investor Erik Anderson.
SVB Financial Group's SVB Capital to acquire WestRiver Group's debt fund business; Erik Anderson to join as executive chairman
SVB Financial Group's SVB Capital has agreed to acquire WestRiver Group's debt fund business, bringing WestRiver founder Erik Anderson to SVB as executive chairman of the SVB Capital Credit Platform; the deal, terms undisclosed, is expected to close by year-end and aims to expand SVB's institutional investment and lending solutions.
WestRiver Group Sells Debt Investment Business to SVB Financial Group; Erik Anderson Named Executive Chairman of New SVB Capital Credit Platform
Seattle-based WestRiver Group agreed to sell its debt investment business to SVB Financial Group to form the SVB Capital Credit Platform, with WestRiver CEO Erik Anderson joining SVB as executive chairman; terms were not disclosed. WestRiver manages about $2 billion AUM and holds investments including Singularity University and several Seattle startups.
WestRiver Group CEO Erik Anderson and Riverstone launch Decarbonization Plus Acquisition SPAC, raising $200M to pursue global decarbonization targets
WestRiver Group CEO Erik Anderson and asset manager Riverstone launched Decarbonization Plus Acquisition, a SPAC that raised $200 million to target companies advancing global decarbonization across energy, agriculture, industrials, transportation and commercial/residential sectors.
WestRiver Group mandates one-woman, one-man co-leadership for each VC fund as it eyes $150M Pacific Northwest raise
Seattle-based WestRiver Group will require each of its venture capital funds to be co-led by one man and one woman, a strategy it says drives bigger returns; the firm manages about $2 billion and is considering raising its Pacific Northwest fund to $150 million. Notable leaders include founder Erik Anderson, Lisa Stone, Richelle Parham, Scott Maw, Anthony Bontrager, Laurel Buckner, George Montgomery and Deepa Prasad.
Organizations
See all 12-
Viome Director 2022–present, Board Member 2022–present · current
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Lumen Biosciences Vice Chairman 2022–present · current
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Solid Power, Inc. Board Member 2021–present · current
Education
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Stanford University BS/MS, Industrial Engineering · 1980–1982
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Claremont McKenna College BA, Economics and Management Engineering · 1976–1979
