Theo Ellis

Theo Ellis

Chief Executive Officer at Friday Harbor
Seattle, Washington, United States

Theo Ellis is Chief Executive Officer at Friday Harbor, a startup focused on AI pre-underwriting for mortgage lenders. He has expertise in consumer credit and AI/ML, and previously held leadership roles at Pagaya, Altisource, and McKinsey & Company.

AI House hosts Demo Day in Seattle with 25 startups pitching to investors flown in from Boston, New York, Colorado and the Bay Area

AI House hosted a demo day in Seattle where 25 early-stage startups—many outside the incubator’s portfolio—pitched to investors flown in from Boston, New York, Colorado, the Bay Area and other cities to increase outside capital for local founders. Organizers aimed to showcase diverse Seattle startups, from revenue-generating companies to ambitious technologists, and attracted both national and local venture investors.

Seattle Startup Friday Harbor Raises $6M to Help Smaller Mortgage Lenders Compete Using AI

Seattle startup Friday Harbor raised $6 million in seed funding to provide AI-driven software that helps smaller mortgage lenders identify loan file issues earlier and compete with industry giants like Rocket and United Wholesale Mortgage. Its product, launched in October, is used by 16 enterprise customers to reduce loan processing time and cost by detecting risks such as undisclosed debts and employment discrepancies.

Organizations

See all 8
  • Friday Harbor logo
    Friday Harbor Executive Officer, Director 2025–present, Chief Executive Officer 2024–present, Co-founder and CEO · current
  • AI House Founder in Residence 2024–2025 · past
  • Altisource Vice President of Growth 2023–2024 · past

Education

  • The University of Chicago Booth School of Business Master of Business Administration - MBA, Finance and Economics · 2011–2013
  • Princeton University A.B., Economics · 2004–2008

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