VisibleBrands validates digital coupon service in supermarkets, raises $2.3M

An in-store digital couponing platform built by VisibleBrands seems to be catching on with at least a few retailers and investors. The Kirkland-based startup today announced a $2.3M Series B round as it prepares to expand its reach outside of Washington. VisibleBrands’ technology allows grocery stores to display promotions on a shelf-mounted touch-screen device in the… Read More


Early stakeholders in Scout Analytics claim venture capitalists engaged in ‘self dealing, corporate waste’ prior to $32M acquisition

Not everyone is happy about today’s $32 million acquisition of Scout Analytics by ServiceSource. A group of series A preferred stockholders filed suit last week in King County Superior Court alleging that Scout Analytics’ board, including CEO Mark Upson and venture capitalist John Connors, engaged in “self-dealing, corporate waste, and gross negligence” by failing to explore… Read More


Concert app Lively sings new tune with fresh funding

Lively has reeled in another $2 million in funding, money that the Seattle startup will use to continue to develop its service for making audio and video content available to music fans shortly after concerts conclude. The funding amount was listed in a SEC filing today. As we reported last November, Lively has already entertained… Read More


Seattle vs. Denver: Who is the winner of the startup bowl?

Oh, the mountains; the music; and the marijuana. Seattle and Denver — the two crunchy Western cities — share a lot in common. (Though, we’re smarter and richer here on the Puget Sound). And now these two up-and-comers are facing off in the Super Bowl — or as some have dubbed it “The Bong Bowl.” We’ve… Read More


ShopIgniter raises another $1.5M to help brands sell on Facebook

ShopIgniter, a four-year-old startup that helps brands market products through social media, has raised an additional $1.5 million from its existing investors. Madrona Venture Group and Trinity Ventures both participated in ShopIgniter’s latest round, which brings total funding up to $13 million. ShopIgniter, based in Portland, helps hundreds of brands — including big-name customers like Nike… Read More


VC dollars surge in NW, propelled by huge $120M deal

Propelled by a massive financing round in upstart Seattle biotechnology company Juno Therapeutics, venture capital investments in the Pacific Northwest soared during the fourth quarter as just over half a billion dollars was invested in 45 deals. Juno raised $120 million in a series A financing round in early December, and then added to the… Read More


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


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


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

vc-PNW 2013 Venture Capital Datagraphic (1)

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


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


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