Founders’ Co-op Raises $25M to Back More Pacific Northwest Startups

Source: Xconomy.com, April 16

Founders’ Co-op, a Seattle-based venture capital firm that has backed nearly 100 startups since its launch 11 years ago, has raised a new, $25 million fund to continue making investments.

According to a document filed with federal securities regulators, it’s the fourth fund Founders’ Co-op has raised, and the money came from 99 investors.

In an email message, Founders’ Co-op managing partner Chis DeVore confirmed it recently raised money for a new investment fund. Asked about the firm’s plans with the capital, DeVore responded: stay the course.

“We plan to keep doing what we’ve been doing, which is provide first-check support to the best technical founders in the Pacific Northwest,” he wrote.

Founders’ Co-op says on its website that it has made seed-stage investments in 91 startups, which have raised a combined $1.4 billion in funding.

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