Thursday, April 2, 2015

Founder's Co-op Raises New, $20M Seed Investment Fund

Seattle-based investor Founder's Co-op announced this morning that it has raised a new, $20M fund, the company's third fund, aimed at seed stage startups in the Pacific Northwest. The firm said it now has over 100 individual and institutional investors across its three funds, and has a portfolio of over 50 companies. Founder's Co-op is led by Chris Devore, Andy Sack, and Rudy Gadre. The firm's newest fund is the largest. The firm's first fund was just $2.5M, and its last fund, Founder's Co-op II, was $10M. The fund is heavily involved in running TechStars Seattle.