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True Ventures’ VC Puneet Agarwal: The perception of Portland is very strong now

When Silicon Valley VC firm True Ventures first invested in Portland-based startups Puppet Labs and Urban Airship about four years ago, many had their doubts. “People thought we were kind of crazy, honestly,” True Ventures’ Puneet Agarwal said. “There was a lot of misconception about Portland, at least back then. People thought we were insane.” Agarwal, speaking on… Read More

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Shopping app Zoomingo raises cash, inks deal with Simon Malls

Seattle shopping startup Zoomingo has raised an additional $1.25 million in financing and inked a deal with Simon Mall Properties, the largest mall operator in the U.S. Shoppers at selected malls in Washington state and California will be alerted to retailers’ sales and deals when they are nearby, and shoppers also can earn bonus Zoomingo… Read More

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In shift from Lockerz, fashion startup Ador raises more cash

Ador will soon be taking the wraps off of its new fashion shopping service. But the company, which emerged from heavily-funded social networking site Lockerz earlier this year, first is raising some fresh capital. The company has pulled in an additional $8.9 million in venture funding, according to a SEC filing today. Ador CEO Mark… Read More

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Startup Day Video: Venture capitalists say don’t worry about dilution, think about building something big

Dilution vs. Control. It’s an age-old debate in the startup ranks. After all, how much money you take certainly impacts the ownership you hold, as well as the control you wield over a startup. It’s a touchy subject that often pits entrepreneur vs. investor, and it usually doesn’t emerge until things head south, which they… Read More

immunedesign

Cancer research startup Immune Design pulls in $32.5 million, plans to raise more

Immune Design has reeled in $32.5 million in venture capital financing, with plans to raise up to $16.5 million more in the series C round if certain milestones are met. Investors in the round include The Column Group, Topspin Partners, as well as existing investors Alta Partners, Versant Ventures, Osage Partners and ProQuest Investment. “Immune Design… Read More

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Tech Moves: Skype exec departs Microsoft; Frazier Healthcare taps new VC; etc.

—Skype executive Mark Gillett is leaving Microsoft, taking a new position at private equity firm Silver Lake, reports Kara Swisher at All Things D. Gillett previously worked at Silver Lake, and Swisher notes that he managed 2,500 developers. “Mark’s accomplishments at Skype have transformed the company,” said Silver Lake managing partner Egon Durban in a… Read More

Alex Algard

WhitePages buys out VC investors for $80 million

WhitePages is taking the unusual step of buying out its venture capital investors, paying $80 million to buy back shares from Technology Crossover Ventures and Providence Equity. “WhitePages believed in the further opportunity to grow the company and its products, including a big enterprise play with its recently announced PRO division for business, and was… Read More

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Kona Medical raises $10M to reduce high blood pressure for people in China

Kona Medical has raised $10 million in a Series D round from Morningside Group to bring its novel ultrasound technology to patients in China. Founded in 2009, the Bellevue-based company is led by Oraya Therapeutics founder Michael Gertner. Kona’s technology is dubbed “Surround Sound” since it utilizes ultrasound from outside the body in order to treat nerves around… Read More

puralytics

Puralytics slurps up $4M to build out water purification technology

Puralytics, a startup developing water purification equipment, announced today that it has raised $4 million in a Series A round led by Seattle angel group Keiretsu Forum Northwest. The Beaverton, Ore.-based company helps people from around the globe purify their water with products like the SolarBag, Shield and LilyPad. The SolarBag, which can be purchased by… Read More

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Venture capitalists invest $8.1B in Q3, IPO market surges with 25 pricings

Venture capitalists continue to find solid opportunities, despite big regulatory changes that could eventually alter the way startup companies raise money. In the third quarter, VCs pumped $8.1 billion into 806 deals, an uptick in dollars invested compared to the previous quarter and the same period last year. The number of deals, however, declined slightly,… Read More

Usermind CTO Przemek Pardyak and CEO Michel Feaster.

Usermind raises $7.6M from Andreessen Horowitz to build software for enterprise business operations

Andreessen Horowitz Partner Scott Weiss was recently quoted in a Wall Street Journal article talking about his firm’s interest in enterprise software-related companies. So, it’s not all that surprising to learn that the venture firm is leading a $7.6 million Series A round in a new Seattle startup called Usermind. The stealth company today announced the fresh… Read More

proudman

Seattle cloud startup Blue Box unpacks $1.5M in new funding

Blue Box, the Seattle cloud and hosting startup led by entrepreneur Jesse Proudman, has raised an additional $1.5 million in funding from Voyager Capital and Founders Collective that it will used to bolster its product development, sales and marketing team. “The private cloud marketplace is as hot as ever, and we’re hearing resounding interest from companies… Read More

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Comr.se raises $780K to help brands sell products within social streams

Shopping cart technology isn’t exactly the newest innovation around. But one young Seattle startup seems to have struck the right chord in terms of bridging the gap between social media, advertising and e-commerce. Comr.se — pronounced “commerce” — just raised $780,000 of a seed round that remains undisclosed. The company, a recent graduate of the B2B incubator… Read More

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VC deal activity hits highest mark since dot-com boom

It may feel a little frothy out there in startup land. And a new report out from CB Insights shows just what’s going on. Venture capital deal activity continued to climb in the third quarter as a total of 857 companies raised money during the period — up from 807 deals in the previous quarter… Read More

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iSpot.tv raises $5M, looks to provide better advertising insights by analyzing 35,000 TV commercials

Sean Muller didn’t have to raise cash for his fast-growing Seattle area startup iSpot.tv. After all, the 15-person company — which measures thousands of TV commercials and provides competitive intelligence to advertising agencies and cable networks — has been signing up big-name customers like ESPN, Jos. A Bank and GroupM at a rapid clip in… Read More

money11

Headwinds persist for VC funds: 56 funds raise $4.1 billion in Q3

U.S. venture capital funds had a bit more success raising money in the third quarter compared to the previous quarter, despite big shifts in government regulations that are changing the methods by which startups can attract financing. According to the National Venture Capital Association and Thomson Reuters, 56 funds raised $4.1 billion during the quarter…. Read More

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Maveron-backed PotBelly fills tummy with spectacular IPO

Well, the sandwiches are delicious. But it’s not just meatball subs that’s getting Wall Street excited about PotBelly Sandwich Shop. Shares of the Chicago-based company soared in a stock market debut today, jumping more than 130 percent to $32.76. The stock priced at $14 per share, above the previously stated range. So, why might you ask… Read More

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Chart: The top U.S. cities for venture capital in Q3

Just yesterday, I heard from a Seattle entrepreneur who said he was moving his startup company to San Francisco. It’s not a surprise that the San Francisco Bay Area has an allure for startups, especially given the latest findings from PitchBook. The San Francisco Bay Area increased its share of venture capital financings during the… Read More

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Frazier Healthcare raises $377M venture fund, surpassing target

Frazier Healthcare has raised a $377 million fund, one of the largest in recent years by a Seattle venture firm. The firm, whose portfolio includes Achaogen, Atterocor, Portola Pharmaceuticals and other firms, had targeted $300 million. “We are very appreciative of the support that we received from existing limited partners and pleased to have brought in… Read More