Techstars Seattle grad, online flyer-maker Smore raises $1.7M from Founder’s Co-op

Two-and-a-half years ago, Shlomi Atar and Gilad Avidan traveled all the way from Israel to participate in TechStars Seattle and fix the problem of instant online publishing. Fast forward to today, and the Smore founders have made some impressive progress. Smore has raised a $1.7 million seed round led by Seattle-based Founder’s Co-op, with participation from Greylock Israel and… Read More


FlexMinder raises $1.2M to manage refund processes for healthcare administrators

FlexMinder, a Seattle startup that helps healthcare administrators automate the insurance claims submission process, announced a $1.2 million Series A round on Tuesday. Led by CEO Lowell Rickefs, FlexMinder aggregates the reimbursement process for healthcare flexible spending accounts, which allow employees to save money by putting pretax dollars — up to $2,500 for healthcare and $5,000… Read More


Advice for entrepreneurs: Focus more on solving problems, not building products

When Chris DeVore first meets with entrepreneurs looking for funding, the Founder’s Co-op general partner doesn’t want to hear about products being built or services provided. First and foremost, he wants to hear about problems — those that exist, and those that can be solved. “A lot of people, particularly first-time entrepreneurs, kind of want to… Read More

Avi Cavale, Manisha Sahasrabudhe and Ragesh Krishna of Shippable.

Techstars grad Shippable raises $2M to help developers ship code faster

Another Techstars Seattle graduate, another nice seed round. Following in the footsteps of fellow 2013 Techstars Seattle companies Everpath and Wire, today Shippable announced a $2 million seed round led by Founders Co-op with participation from fellow Seattle firms Divergent Ventures, Madrona Venture Group, Vulcan Capital and other angel investors. Shippable, an eight-person company founded by… Read More


Microsoft, Amazon alums land $1M for password, app management startup Meldium

Saving and remembering passwords is troublesome, and at times, dangerous from a security standpoint. That becomes even more of a problem when you’re a company managing several different cloud-based accounts. That’s where San Francisco-based Meldium wants to help. The startup, which was founded last August in Seattle by former Microsoft and Amazon employees, just landed $1… Read More


Report: Portland’s AppFog to be acquired by Savvis

Portland platform-as-a-service startup AppFog is set to be acquired by Savvis, the big co-location and data center operator that’s owned by CenturyLink, according to a report in GigaOm. Terms of the deal were not disclosed. But it could mark an exit for three Seattle venture capital firms — Ignition, Madrona Venture Group and Founder’s Co-op…. Read More


GeekWire Awards: Vote for Startup of the Year

We’re nearing the end of the voting for the GeekWire Awards, and today we’ve got a big category on hand: Startup of the Year. To qualify for Startup of the Year, companies had to be three years or younger, and on a fast-track to success. We’re expecting a tight competition in this field of contenders,… Read More


After series of pivots, Haiku Deck scores $3 million to make presentation tools fun

Haiku Deck has reeled in $3 million in fresh funding, money that the Seattle startup will use to continue to build out its easy-to-use presentation tools. Trilogy Partnership led the round, with Madrona Venture Group, Founder’s Co-op, entrepreneur Sarah Leary and others also participating. The TechStars Seattle grad, led by former Cranium executive Adam Tratt,… Read More


Jeff Bezos, Eric Schmidt bankroll money transfer startup Beamit Mobile

Seattle startup Beamit Mobile has raised $2.4 million in fresh financing from former Google CEO Eric Schmidt’s TomorrowVentures, Founder’s Co-op and Bezos Expeditions, the venture capital firm of Jeff Bezos. The money will be used to continue development of the company’s technology, which allows immigrants to transfer money to mobile phones in developing countries. “These investors share our vision of… Read More


Video: Andy Sack of Founder’s Co-op accepts a WTIA award

The Washington Technology Industry Association’s Industry Achievement Awards were held this week in Seattle. The annual awards are a fun night, celebrating the best of the best in the state’s technology community. But there was one nominee (and winner) who was noticeably absent. As many in the technology community already know, Andy Sack was recently… 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

Christopher Dean

Urban Airship lands former Skype executive as chief revenue officer

Urban Airship, a Portland upstart that provides behind-the-scenes services like push notifications and in-app purchasing for mobile apps, has named former Skype Chief Strategy Officer Christopher Dean to the position of chief revenue officer. It’s a big pick-up for the fast-growing startup. And it comes just two months after the company landed a $15.1 million venture capital… Read More

Chris DeVore

Founder’s Co-op heads north of the border, backs B.C. startup Unbounce

Founder’s Co-op is among the new backers of Unbounce, a Vancouver, B.C.-based company that today announced an $850,000 investment from a large syndicate of investors. Unbounce has developed a new hosted service that allows marketers to easily create, publish and test specific landing pages, analyzing which ones perform best. That’s an area where other venture-backed… Read More


Where are they now? Update on the TechStars Class of 2010

Some have gone out of business. Several have changed course. And most are still hanging their shingle in Seattle’s South Lake Union neighborhood, looking to transform everything from the way we watch TV to how we manage airline miles. As TechStars Seattle gets ready to launch a new batch of hatchlings on Thursday (full list… Read More


Urban Airship takes flight with purchase of SimpleGeo

Urban Airship, a Portland startup that specializes in push notifications and in-app transactions, has acquired San Francisco’s SimpleGeo in an all stock deal. The acquisition will add location-based technologies to the Urban Airship lineup, meaning that a retailer can push coupons to a shopper in a specific aisle in a store or a sports team… Read More


Ignition, Founder’s Co-op and Madrona join forces to back AppFog

Three Seattle area venture capital firms are allying to back Portland’s AppFog, which has created new technologies that allow developers to quickly build Web applications. Ignition is leading the $8 million venture capital round, which also included participation from existing investors Madrona Venture Group and Founder’s Co-op. Other investors in the round include Simon Crosby,… Read More


Founder’s Co-op backs GlobalMojo, a browser app that pushes cash back to charities

Affiliate commissions are a big (and frequently misunderstood) business on the Web. GlobalMojo, which has scored $550,000 from Founder’s Co-op and others, wants to insert itself in those transactions, allowing consumers to choose non-profits where they’d like to direct a portion of the commissions. “GlobalMojo is a free browser app that automatically and effortlessly generates money… Read More

Andy Sack in the KIRO-FM studios

Rewind: Andy Sack on startups, TechStars and the promise of Seattle’s tech scene

Joining us for our latest GeekWire Podcast was Andy Sack of TechStars Seattle, Founders Co-op and Revenue Loan — the hard-charging startup guru whose clarion call for the Seattle tech community is to “Get F—ing Aggressive,” commonly abbreviated “GFA” in polite company (and on G-rated podcasts). We had a great discussion about what’s happening, what’s… Read More