After spurning acquisition offer, Seattle’s Freak’n Genius raises $525,000 angel round

Kyle Kesterson’s new animation startup, Freak’n Genius, has raised $525,000 in fresh funding from more than a dozen angel investors that include Zapd founder Kelly Smith; Jumala founder Virl Hill; Wilson Sonsini Goodrich & Rosati; Chris Hurley; Ty Alevizos and others. Kesterson tells GeekWire that the company hit its original $450,000 funding goal within two weeks of… Read More


Earn a chance to win $1M just for getting in shape: That’s the promise of KardioFit

I never thought playing the lottery would help improve one’s physical fitness. But that’s the idea behind KardioFit, a Bellevue startup that’s announcing $500,000 in financing today from angels including former SurveyMonkey CEO Ryan Finley and former UnitedHealth Group exec John Blank. The company has designed a method by which employees or individuals can be entered… Read More


Halo Report: Where angel money is flowing in the U.S.

A new report out today from the Angel Resource Institute, CB Insights and Silicon Valley Bank sheds a bit of light on the nebulous world of angel investing. The Halo Report finds that the median premoney valuation for early-stage deals by angel groups came in at $2.5 million during the first quarter. It also found that the median amount invested… Read More


Seattle Angel Conference kicks things off with $100,000 check

Folks in the Seattle tech community have been talking for some time now about ways to get more early-stage capital flowing. That’s one of the reasons why John Sechrest started the Seattle Angel Conference, hoping to get more people writing checks for high-quality startups in the region. He’s off to a pretty good start. On Thursday, the… Read More


Buddy lands $1M to help developers manage apps across platforms

Buddy Platform today is announcing that it has secured $1 million in seed financing, and rolled its service for managing apps across various platforms. Investors in the Kirkland company include San Francisco’s Transmedia Capital and Crestlight Venture Productions, as well angel investors such as Jeff Ravencraft, Kirk Drage, Nick Foskett and Christina Storm. More than 6,000 developers… Read More


Podcast Preview: The state of the Seattle startup market with Tomo co-founder Tony Wright

Seattle entrepreneur Tony Wright’s announcement earlier this week that he plans to relocate to Silicon Valley to build his latest company sent shockwaves through the startup community. It wasn’t so much that Wright — a well-respected and well-known startup vet who is now building a company called Tomo– was leaving. That happens all of the… Read More


EveryMove lands $2.6 million to create a ‘mileage rewards program’ for health

Should Americans earn rewards for good health and fitness practices, just as they earn free miles for frequent flying and discounts for safe driving? That’s the promise of EveryMove, a Seattle startup that today is announcing $2.6 million in financing from Premera Blue Cross, Blue Cross and Blue Shield of Nebraska, BlueCross BlueShield Venture Partners and… Read More

The Cadence system

Cadence Biomedical scores $1.1 million to help people with disabilities walk

In what the company is describing as an oversubscribed venture round, Seattle medical device maker Cadence Biomedical has raised $1.1 million in new funding led by HealthTech Capital. Other participants include Sand Hill Angels, Tech Coast Angels, ACE Fund, Frontier Angel Fund, WINGS, Alliance of Angels and Keiretsu Forum Northwest. The money will be used to… Read More


Ex-aQuantive, AdECN and AOL execs form stealthy SocialForce

A new Seattle area startup company led by several online advertising executives is kicking around a new idea that it describes as “industrial-strength influencer marketing.” Not too much is known at this point about SocialForce, whose Web site simply boasts a logo. And Chief Executive William Urschel, the former CEO of AdECN, a Santa Barbara, California online… Read More

Photo via Bigstock

Crowding out angels from startup financings?

As early as next week, we may know whether Congress will change US securities laws to permit startups to sell stock to the general public over the internet. You know how, today, companies raise money on Kickstarter by offering products, t-shirts, and other bennies? Imagine those same companies selling stock to investors over a Kickstarter-like… Read More

Angel in Guisley. Photo via Baldur McAqueen

Angel groups in Seattle: How they’re doing, what they cost

Over the past three days, GeekWire Chief Business Officer Rebecca Lovell and I both have moderated panels about the state of angel financing in Seattle. The discussions have been lively, and fun. [Previously: Angel mind meld: What early-stage investors really want] But, at the end of the day, what entrepreneurs really want to know is where… Read More


Angel mind meld: What early-stage investors really want

What’s it like inside the mind of an angel? I got to peer into that mysterious — yet all important world — as the moderator of TiE Seattle’s angel investment panel on Wednesday night. Panelists included Chris DeVore of Founder’s Co-op; Dave Parker of Founder Institute; and Yi-Jian Ngo of the Alliance of Angels. It… Read More