Photo via Shutterstock

Shrinkage: Number of VC professionals plummets 60% in past 10 years, funds decline 25%

The venture capital business — which many have proclaimed is fundamentally broken — continues to contract amid changes in how capital is deployed to startup companies. The latest evidence comes via the National Venture Capital Association’s annual Yearbook, which shows a 25 percent drop over the past 10 years in the number of venture funds…. Read More

barber-schrock

ComiXology investor Columbia Pacific announces $100M late-stage tech fund

There’s a little more money floating around for later-stage technology companies in the Pacific Northwest. Seattle-based Columbia Pacific today is formally announcing a $100 million fund, led by two long-time technology investors, former investment director at Intel Capital Jeff Schrock and former Comerica Bank vice president Kevin Barber. To date, the fund — which was formed… Read More

Aaron Goldfeder

EnergySavvy raises $7M to help utilities roll out energy efficiency programs

EnergySavvy has reeled in $7 million in venture financing, cash that the Seattle company will us to continue to market its software to utilities across the country. The deal was led by San Francisco’s Prelude Ventures, with existing investors also participating. EnergySavvy’s online tools help utilities operate energy-efficiency programs, with customers such as Puget Sound… Read More

Boris Wertz

Venture capitalist Boris Wertz joins Andreessen Horowitz in part-time board partner role

Many in the Pacific Northwest technology scene may already be familiar with Boris Wertz, the Vancouver, B.C. super angel who started his own venture capital fund at Version One Ventures. The former AbeBooks exec is involved in a number of startup companies along the Cascadia corridor, from Seattle cosmetics upstart Julep to Vancouver fashion startup… Read More

Al Luderer

Seattle blood test startup Indi raises $47.25 million

Seattle’s life sciences industry is getting another boost. Integrated Diagnostics, a Seattle company developing blood-based proteomic tests, has raised $30.25 million in series B funding and $17 million in debt financing. Investors in the round include Baird Capital, InterWest Partners and the Wellcome Trust. The company, which operates under the name Indi, is led by… Read More

junotherapeutics

Jeff Bezos-backed Juno Therapeutics closes series A at $176M, appoints new execs

Seattle biotechnology startup Juno Therapeutics, which is developing immunotherapies for cancer, said it has closed its series A financing round at $176 million. That marks one of the largest early-stage financing rounds for a biotechnology company. Juno had previously announced $145 million in funding, including cash from ARCH Venture Partners; the Alaska Permanent Fund; Bezos… Read More

Utrip co-founder and CEO Gilad Bernstein.

Utrip raises $750K to help plan your next vacation itinerary

Planning a trip can be a stressful task, and one Seattle startup wants to use artificial intelligence and local expertise to do it for you. Utrip today launched out of beta and also announced that it has raised $750,000 in a round led by Virtuoso CEO Matthew Upchurch and New York-based CB Alliance. Utrip, founded in April 2011… Read More

cardiacdimensions

Cardiac Dimensions raises $20M to sell heart-valve repair technology

AlCardiac Dimensions, a Kirkland-based company building heart-valve repair technology, today announced a $20 million round of financing led by M. H. Carnegie & Co. and Lumira Capital. Founded in 2001, Cardiac Dimensions has developed a way to address cardiovascular conditions with its Carillon Mitral Contour System, a non-surgical device that treats a form of congestive heart failure… Read More

Act-On founder and CEO Raghu

Marketing automation startup Act-On raises $42M, sets sights on IPO

In one of the bigger tech-related fundraising rounds that the Portland area has seen over the past year, Beaverton, Ore.-based marketing automation software company Act-On today announced $42 million in new financing. Act-On builds cloud-based software that helps businesses of all sizes manage their marketing efforts across various categories from e-mails to analytics to SEO. Today’s… Read More

Jane Park

Julep raises $30M in oversubscribed round, looks to build big beauty brand

With revenues more than tripling last year and new beauty products in the works, Seattle cosmetics and e-commerce powerhouse Julep has raised $30 million in fresh funding. Azure Capital, Madrona Venture Group and Altimeter Capital participated in the round, joining existing investors Maveron and Andreessen Horowitz. Total funding in Julep — founded seven years ago… Read More

vcdeals-dollars

Mega-financing rounds push VC totals higher: $10 billion invested in 880 deals in Q1

A series of very large financing deals — including Cloudera ($900 million); TangoMe ($280 million); and Domo Technologies ($125 million) — helped propel U.S. venture capital totals to the highest level since second quarter of 2001. Investments jumped 44 percent to $10 billion, while deal activity rose five percent compared to the same quarter last… Read More

Oricula Therapeutics CEO Malcolm Gleser.

UW spin-out Oricula Therapeutics raises cash to sell medicine that prevents hearing loss

Oricula Therapeutics, a startup spun out of the University of Washington, has raised $122,000 to commercialize medicine that can help prevent hearing loss. Founded in 2013, Seattle-based Oricula grew out of research done at the UW that uncovered ways to help patients maintain good hearing after taking antibiotics for serious infections. The startup has licensed… Read More

chadrobins

More funding for cancer research in Seattle: Adaptive Biotechnologies raises $105M

Researchers from Seattle who are finding ways to eliminate cancer are bringing in some serious funding today. On the same day the Fred Hutchinson Cancer Research Center announced a $20 million donation from the family of Amazon.com CEO Jeff Bezos, Seattle-based Adaptive Biotechnologies announced a big $105 million investment. Adaptive, which had previously only raised $15 million, was… Read More

vcdeals-per1000

Study: Venture capital flows in dense urban communities that are liberal, gay and educated

What’s makes for an innovative startup hub? Researchers have been diving into that topic for years, analyzing everything from the existence of large research institutions to the importance of risk capital. Now, researcher Richard Florida, co-founder and editor at large at The Atlantic Cities, takes a deep look into the topic and finds some fascinating… Read More

Vijay Vashee

Flowboard raises $750K for iPad presentation app, names ex-PowerPoint GM as advisor

Seattle-based iPad storytelling app Flowboard today announced a new $750,000 round and an updated iPad app. Flowboard, which lets anyone create touch-enabled stories on the iPad, released version 2.0 of its app and has added editable transitions, printing, save-as-PDF capabilities and new premium templates. The startup, which launched this past April, also announced a $750,000 round with participation from several… Read More