Friday, January 19, 2018

Pioneer Square Labs Finds $15M For Startup Studio

Seattle-based Pioneer Square Labs has raised $15M in funding to scale out its "startup studio" efforts, according to the company, in a round led by Foundry Group. According to Pioneer Square Labs, the funding also included its existing 12 venture capital fund investors, plus 60 angels. Pioneer Square Labs says that so far, it has spun out nine companies out of its startup studio, with $26M in funding raised in total by its spinouts, which now have a total equity value of $100M.