Diego Oppenheimer

Algorithmia raises $2.4M from Madrona and others to create marketplace for algorithms

Algorithmia, a Seattle-based startup that wants to build a marketplace for algorithms, has raised $2.4 million in a round of seed funding led by Madrona Venture Group. Others participating include Rakuten Ventures, Deep Fork Capital and a group of angel investors including former University of Washington computer science professor and Farecast founder Oren Etzioni and… Read More

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The top 10 biggest financing deals in the Pacific NW

Juno Therapeutics stunned the startup community earlier this week when it announced $134 million in venture funding, bringing total financing in the Seattle cancer research startup to $310 million. Amazingly, it raised all of that cash in less than 10 months. That got us wondering if Juno is the most heavily-funded startup in the Pacific… Read More

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Jintronix raises more cash from Madrona to help patients rehab with Microsoft’s Kinect

Microsoft’s Kinect sensor isn’t just for playing games — it’s also being used to help physical therapy patients recover from injuries in more efficient ways than ever. One company making this possible is Jintronix, a Seattle-based startup that is set to raise a $1.2 million round led by Madrona Venture Group. The company, which moved its… Read More

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Chart: Venture capitalists are once again seeing solid returns (and beating Wall Street)

The high-risk, high-reward game of venture capital appears to be paying dividends again. After a long dry spell in which investors were better off putting money into public stocks, venture capitalists are now beating their public market compatriots. Venture capital fund performance improved in nearly every time period for the quarter ended March 31, with… Read More

Kyle Kesterson

Kyle Kesterson relocating to Vegas after raising $350K for Freak’n Genius from Tony Hsieh’s VC fund

Freak’n Genius is moving south. The Seattle animation startup is re-locating to Las Vegas after receiving $350,000 in funding from the VegasTechFund, a seed stage investment group that includes partners like Zappos.com CEO Tony Hsieh. Freak’n Genius founder and CEO Kyle Kesterson will be packing up and moving his company to Sin City, where he’ll… Read More

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Ex-Diapers.com CEO raises $55M for Jet, looks to battle Amazon with new online ‘shopping experience’

Amazon.com made a bold move three years ago, buying the parent company of Diapers.com for a reported purchase price of more than $500 million. Last year, technology journalist Brad Stone — writing in his book The Everything Store — uncovered some of the heavy-handed tactics that Amazon utilized to take over the fast-growing upstart. Now,… Read More

Thong Le

Biotechnology investor Accelerator Corp. lands $51 million, expands in New York City

Accelerator Corp, the Seattle biotechnology investment fund started in Seattle 11 years ago, has raised $51.1 million in capital as part of a first closing of its fourth fund. Accelerator also announced plans to expand operations in New York City with new offices at the Alexandria Center for Life Science in Manhattan’s East Side Medical Corridor…. Read More

Skykick co-founders Evan Richman and Todd Schwartz.

Office 365 migration service SkyKick raises $3 million

SkyKick, a Seattle-based startup that helps IT partners move businesses to Office 365, has raised an additional $3 million in capital to help fuel growth abroad. The 40-person company raised the fresh cash from a group of private equity investors, including Tim Ferriss and Navin Thukkaram. SkyKick is formerly known as CloudVisors, which launched in April 2011. It charges… Read More

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As Facebook and Twitter push into social commerce, Seattle startup Comr.se raises cash

Comr.se, a social commerce startup that graduated from B2B incubator 9Mile Labs last year, has reeled in an additional $800,000 in capital that it will use to grow the team and add new customers. The company earlier this month rolled out a full public release of the technology, which allows brands using e-commerce platforms such as  Magento, Shopify,… Read More

PayRange rounder Paresh

PayRange raises $2.6M for vending-machine payment technology, names ex-Google Payments boss as director

PayRange, a Portland-based startup that allows vending machines to accept mobile payments, has raised a $2.6 million funding round. The company wouldn’t comment on the funding. The SEC filing notes that former Google Payments head and Google Wallet vice president Osama Bedier is listed as a director at PayRange. Beider left the Google Wallet team in May 2013…. Read More

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Venture capital investments surge 73% in the Pacific NW

Cash was flowing to startup companies during the second quarter in the Pacific Northwest as venture capitalists pumped $410 million into 40 deals, including fast-growing companies such as ExtraHop Networks, Puppet Labs, Igneous Systems, Smartsheet.com and Avvo. That was a 73 percent uptick from the same period last year in which venture capitalists invested $237… Read More

hariharan-guru

Ex-Amazon engineers raise $8.5M to help retailers set dynamic pricing

Boomerang Commerce, a Santa Clara, Calif. startup led by former Amazon.com engineers Guru Hariharan and Madhusudhan Rao, has raised $8.5 million in series A financing from Trinity Ventures and Madrona Venture Group. The company also is officially unveiling its first product today, a new Dynamic Price Optimizer that’s designed to help online retailers dynamically set… Read More

Valant CEO David LIschner.

Valant raises $11M to develop software for behavioral health practitioners

Valant Medical Solutions, a Seattle startup that develops software to help behavioral health practitioners manage billing and electronic medical records at their offices, today announced a $11 million round that will allow the Seattle startup to further develop its product line while also hiring more than 20 new employees. Founded in 2005 by brothers David Lischner, a psychiatrist who… Read More

InCycle Cups by MicroGREEN

MicroGreen gets even greener, raising $17m in capital for earth-friendly food containers

MicroGreen Polymers, which has come up with a way to turn disposable water and soda bottles into durable and light-weight coffee cups, has raised $17 million in additional capital. The Arlington, Wash.-based company, which spun off from University of Washington after winning second-place in the University’s business plan competition in 2002, has a very “green” pitch: One that’s… Read More

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Charts: The growth of venture capital in the Pacific NW

The Pacific Northwest may be home to Microsoft, Expedia and Amazon.com. But the region’s startup ecosystem is growing in size, according to a report released today by CB Insights. “Over the past five years, total funding to the Pac-NW has doubled, seed funding has grown, and top tech acquirers have been actively buying in the… Read More

midfinsystems

Microsoft and Amazon vets raise cash for stealthy IT startup Midfin Systems

Three former Microsoft and Amazon engineers with more than 35 years of experience at the two tech giants have teamed up for a stealth startup in the private IT administration space. Midfin Systems is a new Redmond-based company that is developing technology for private datacenters. CEO and founder Suyash Sinha, a 14-year Microsoft vet who left his post as Senior Director in… Read More