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Venture capitalist Vinod Khosla rips 60 Minutes, says ‘Cleantech Crash’ story uses ‘Benghazi-style reporting’

Venture capitalist Vinod Khosla is mad as hell, and he’s not going to take it anymore. In a 2,111-word missive, Khosla takes on CBS’ 60 Minutes and their recent report —  “The Cleantech Crash” — in which correspondent Lesley Stahl describes how after billions in losses and hundreds of millions in government subsidies the sector… Read More

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The rich get richer: VC dollars concentrate in top funds

Well, it’s the same old story in the venture capital business. The dominant big funds keep gaining momentum, while the smaller, lesser known funds struggle to raise money. According to a report out today by Thomson Reuters and the National Venture Capital Association, a total of 48 funds raised $4.9 billion during the fourth quarter…. Read More

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Genomics startup ActX raises $1.9M in seed round

ActX, a Seattle startup that is developing technologies to make patient genomic data more useful in medical practice, has raised $1.9 million from members of the Alliance of Angels. ActX founder and CEO Andrew Ury said the deal was oversubscribed in the first six weeks, noting the “speed and efficiency” of the investors. Part of… Read More

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Chart: Here’s where VCs invested in the Pacific NW

It was a solid year for venture capital investing in Oregon and Washington as investors pumped a total of $1.18 billion into 208 deals, according to data compiled by PitchBook. That was down slightly in terms of deals and dollars compared to 2012, when $1.42 billion was invested in 232 deals in the Northwest. However, it… Read More

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Bezos-backed money transfer startup Remitly lands $5.5M

Seattle money transfer startup Remitly continues to reel in cash, most recently scoring a $5.5 million series A deal led by QED. That brings total funding in the company to $10 million, following a $2.6 million round last year led by Trilogy Equity Partners. In addition to QED and Trilogy, Remitly is backed by Founders Co-Op,… Read More

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OnTheGo raises cash to bring gesture recognition to smart glasses

OnTheGo wants to make smart glasses even smarter. And the five-person Portland startup has secured $700,000 in fresh capital to do just that. “The cornerstone of our platform is gesture recognition software that turns the outward facing camera on smart glasses … into a sensor that recognizes hand gestures,” says OnTheGo developer evangelist Tyler Phillipi. OnTheGo… Read More

Steve Shivers

Bezos-backed Doxo raises $3.5M to help you pay bills online

Seattle startup Doxo has raised $3.5 million in fresh funding, money that it will use to enhance its online bill paying service and expand into new areas. “We had a very good year in 2013 and this additional financing is from our existing investors to accelerate growth throughout 2014,” said CEO Steve Shivers, a former Qpass… Read More

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Netflix CEO Reed Hastings, VC John Doerr invest $14.5M in DreamBox Learning

Netflix CEO Reed Hastings, venture capitalist John Doerr and two undisclosed Seattle education philanthropists are investing $14.5 million in DreamBox Learning, a Bellevue company that’s pioneered a new interactive and adaptive educational system for teaching kids math. In addition, GSV Capital has tripled its investment in the 7-year-old company. “DreamBox Learning’s adaptive technology is fueling… Read More

Kristen Hamilton

Onvia co-founder raises $4.35M for Koru, helping college grads find impactful jobs

We’ve certainly seen a lot of activity in the online education arena in recent months, including large financing rounds for startups such as CreativeLive and Coursera. Now, here comes another startup that’s got a unique spin on things. Koru, which is announcing $4.35 million in funding from Maveron, Battery Ventures, First Round Capital and Andreessen Horowitz,… Read More

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Paul Allen’s Vulcan Capital invests $30M in car-buying advisor TrueCar.com

Paul Allen’s investment arm Vulcan Capital today announced it is investing $30 million in TrueCar.com, an eight-year-old company that has now raised more than $350 million to date. TrueCar, based in Santa Monica, Calif., helps buyers and dealers during the car-buying process with data and analytics that allows people to see what others have paid for a… Read More

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Medical coordination software provider Clarity Health Services raises $6.6M

Clarity Health Services, a Seattle-based company that builds software for medical care coordination, has raised a $6.6 million round from Columbia Pacific Advisors. Clarity Health, founded in 2007, helps healthcare providers manage care transitions with solutions like referral management, emergency department discharge notification systems and surgery notification/authorization tools. The fresh funds will help Clarity Health grow… 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