National Association of Realtors invests $3M in cloud storage startup Symform

The venture capital arm of the National Association of Realtors today announced that it is investing $3 million in Symform, the Seattle cloud storage and data recovery startup founded by former Microsoft engineers Praerit Garg and Bassam Tabarra. Total funding now stands at $20 million, including the recent investment from Second Century Ventures as well… Read More


NanoString lands $15.3M for genetic analysis system

NanoString Technologies continues to rake in new capital, announcing today that it has raised $15.3 million from Morgan Stanley Expansion Capital and AllianceBernstein Alternative Investment Management Group. Existing investors, including Clarus Ventures, Draper Fisher Jurvetson, OVP Venture Partners, GE healthymagination Fund and BioMed Ventures, also participated in the financing. The deal follows a $20 million financing round… Read More


OVP Venture Partners to close after nearly 30 years

The message on the Web site of OVP Venture Partners kind of says it all: “We are not currently accepting business plans.” After nearly 30 years of evaluating startup companies throughout the Pacific Nortwest, the Kirkland-based venture capital firm has decided to toss in the towel. Luke Timmerman at Xconomy has the scoop, reporting that… Read More


Cloud storage startup Symform raises $11 million

There’s been a steady stream of venture capital activity in Seattle enterprise software companies in recent weeks, from the $50 million round for Apptio to the $19.5 million round for Opscode. Now, here comes another big deal. Symform, the Seattle cloud storage startup, today is announcing $11 million in new financing led by WestRiver Capital… Read More


With defense work growing, Adapx scores $3 million

Adapx, whose Capturx software for digital pens is used by the military and corporations such as Carnival and Microsoft, has raised an additional $3 million in funding from existing investors OVP Venture Partners, Paladin and Pelion Ventures. The financing follows a $5 million round that the company closed last May, and brings total funding to… Read More


MicroRNA startup Groove Biopharma scores $6 million

It’s been a bit slow in Seattle venture capital circles in the past few months. But some of the region’s leading biotech investors are doing their part to pick up the pace as Groove Biopharma today is announcing $6 million in second round of financing. Backers of the company, housed at the biotech business incubator… Read More


Adapx wins $1.65M DARPA contract to bring speech and sketch to battlefield plans

Seattle startup Adapx has won a $1.65 million contract from the Defense Advanced Research Projects Agency (DARPA) to incorporate speech and sketch into battlefield planning maps. The contract follows a similar deal inked in October with the Army’s Research, Development and Engineering Command which allows commanders to speak and sketch their plans into battlefield simulators. Adapx… Read More


NanoString lands $20 million

NanoString Technologies, a maker of genomic analysis tools, has raised $20 million in venture capital financing in a deal led by GE, BioMed Ventures and former Genzyme CEO Henri Termeer. Existing investors Clarus Ventures, Draper Fisher Jurvetson and OVP Venture Partners also participated. The money will be used to grow the company’s life sciences tools business,… Read More


Cloud storage provider Symform adds $1M, plans HQ move in Seattle

Symform, which made some waves earlier this week when it announced a new referral program in which customers can earn up to 200GB of free cloud storage, has pulled in an additional $1 million in venture capital financing. The cash infusion follows the appointment of Matthew Schiltz — formerly of Powerit, DocuSign, General Software and CourtLink… Read More

Roving CEO Matthew Schiltz lands at the helm of Symform

Matthew Schiltz sure gets around. The Seattle technology executive just three months ago was named CEO of Powerit Solutions, a Seattle company whose software is used to increase energy efficiency at industrial companies. Now, Schiltz has landed a new gig, taking over the CEO role at online storage upstart Symform. Schiltz, who previously served as… Read More


Digital pen software maker Adapx inks $5 million round

Adapx, whose software powers digital pen technologies so workers can easily collect data in the field, has scored a $5 million venture capital investment that it will use to expand into new areas and enhance products for the Department of Defense. All existing investors participated in the round, including OVP Venture Partners, Paladin Capital Group… Read More


Growth spurt continues at DataSphere; hyperlocal blog platform to hire 220 in Ariz.

DataSphere Technologies may specialize in hyperlocal advertising. But the Bellevue company is undergoing  what can only be described as … hypergrowth. The company, which raised $10 million from OVP Venture Partners, Fisher Communications, Ignition Partners and others last fall, said today that it plans to open a new facility in Tempe, Arizona with room for… Read More