Disrupting Credit Cards: A Q&A with LoanHero’s Kristin Slink

San Diego-based LoanHero recently disclosed that it has raised $1.7 million in seed funding to expand its software-based service for merchants. The technology offers consumers a variety of financing options when they are purchasing big-ticket items like furniture and home improvements. The year-old fintech company said it also has secured a $20 million debt facility … Continue reading “Disrupting Credit Cards: A Q&A with LoanHero’s Kristin Slink”

With J&J Deal, Emulate Nabs First Partner For Organ on Chip Tech

If microchip systems that act like organs are ever going to really change preclinical drug development, it’s going to happen one experiment—and Big Pharma adopter—at a time. Emulate is trying to take on that challenge, and today it’s gotten its first supporter, Johnson & Johnson. Cambridge, MA-based Emulate, the “organ-on-a-chip” startup spun out of Harvard … Continue reading “With J&J Deal, Emulate Nabs First Partner For Organ on Chip Tech”

Top Legal Mistakes Entrepreneurs Make When Launching Startups

High-impact entrepreneurship is not for the faint of heart. Most venture-backed businesses don’t achieve the levels of success their founders and investors hoped for. Indeed, a significant number will fail. Having worked as legal counsel for dozens of venture-backed startups over the years, what frustrates me most is the number of companies that fail not … Continue reading “Top Legal Mistakes Entrepreneurs Make When Launching Startups”

MobileRQ Obtains $805,000 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1ce671a5-ddc4-4e22-9aae-d049fcadc83e Date 6/17/2015 Company Name MobileRQ Mailing Address 308 NW 11th Avenue Portland, OR 97209 USA Company Description MobileRQ helps travel suppliers and other travel ecosystem players fully leverage their digital strategies. By combining the vast data sources from third parties and suppliers’ own data sources we help suppliers and their partners … Continue reading “MobileRQ Obtains $805,000 New Funding Round”

Techstars Acquires Nonprofit UP Global, As Startup Industry Matures

Techstars, one of the nation’s foremost startup accelerator programs, has acquired the nonprofit entrepreneurship education outfit UP Global in a bid to cover the full spectrum “from idea to IPO.” The Seattle-based nonprofit may be best known as the umbrella group overseeing Startup Weekend events, 54-hour sprints held in cities around the world in which … Continue reading “Techstars Acquires Nonprofit UP Global, As Startup Industry Matures”

Joining The “Big Data Party,” Fred Hutch Hires Broad’s Top Techie

The Fred Hutchinson Cancer Research Center in Seattle said today it has hired a new chief information officer, Matthew Trunnell, as the biomedical institution moves into an era of deep genomic sequencing and other information-heavy approaches to help find new, targeted treatments for cancer and other diseases. A new president and director, D. Gary Gilliland, … Continue reading “Joining The “Big Data Party,” Fred Hutch Hires Broad’s Top Techie”

BlackSky Global Aims to Blanket the Globe with Small Imaging Satellites

BlackSky Global, a new offshoot of Seattle-based Spaceflight Industries, aims to launch a constellation of imaging satellites that would provide one-meter resolution pictures of almost any place of the earth, delivered on-demand to customers hours after they place an order. Chief technology officer Peter Wegner, who previously led the Defense Department’s Operationally Responsive Space Office, … Continue reading “BlackSky Global Aims to Blanket the Globe with Small Imaging Satellites”

PlaceFull Receives $604,351 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e7d0b25d-c8bf-4662-97ee-db77960cb0aa Date 6/16/2015 Company Name PlaceFull Mailing Address 122 S Jackson Street Seattle, WA 98103 USA Company Description Placefull develops an online marketplace that connects event and party planners with trusted venues. Founded in 2011, we’re a growing team of product engineers, developers, marketers, sales people, and designers working from a Seattle … Continue reading “PlaceFull Receives $604,351 New Funding”

Texas Entrepreneur Networks to Host Later-Stage Funding in Austin

Hall T. Martin, founder and CEO of the Texas Entrepreneur Networks, wants to help innovative Texas companies get over the Series B hump. That’s why he—along with Seattle-based venture capital data provider PitchBook—has created the Texas Venture Growth Forum to be held in the Texas state capitol in October. The two-day event will focus on … Continue reading “Texas Entrepreneur Networks to Host Later-Stage Funding in Austin”

Seattle Roundup: Modumetal, Envelop VR, Oculus VR, Socrata

Modumetal had little to say about its big funding round, revealed in SEC filings earlier this week. Meanwhile, the Seattle-area’s virtual reality industry gained momentum with funding for Envelop VR and a large, new office space for Oculus VR. Details on these stories, as well as a new “utility” product from government data platform Socrata, … Continue reading “Seattle Roundup: Modumetal, Envelop VR, Oculus VR, Socrata”

Milestones of Innovation 8: Ten Minutes in White House Shapes World War II

Seventy-five years ago today, science took a seat next to the American presidency. It was a move of immense and continuing consequences for innovation in this country and across the world, not only in a war to the death but in the decades of uneasy peace that followed. The actual event on June 12, 1940 … Continue reading “Milestones of Innovation 8: Ten Minutes in White House Shapes World War II”

Microsoft Pledges $10M for New UW Computer Science Building

The University of Washington’s plans for a new computer science building to accommodate surging interest from students—and the tech company employers who would hire them—is getting a $10 million boost from Microsoft. The Redmond, WA, company synonymous with the state’s tech industry pledged the cash to kick off a private fundraising campaign whose target would … Continue reading “Microsoft Pledges $10M for New UW Computer Science Building”

West Coast Biotech Roundup: PCSK9, Amgen, SeaGen, Twist, Serenus

The biggest West Coast news happened near the nation’s capital this week. Amgen (NASDAQ: [[ticker:AMGN]]) of Thousand Oaks, CA, saw its next-generation anti-cholesterol drug evolocumab (Repatha) get a thumbs-up, with caveats, from an FDA advisory panel. Next comes the agency’s decision later this summer whether to approve the drug, and for which patients. The panel … Continue reading “West Coast Biotech Roundup: PCSK9, Amgen, SeaGen, Twist, Serenus”

From Africa to Seattle, Building Businesses to Solve Big Problems

Listening to a Zambian entrepreneur pitch his goat meat business in the middle of a first-world technology hub, I glimpsed the degree to which entrepreneurship and capitalism have been called upon to address the problems of the world’s poor. Seattle-based Fledge, billed as a “conscious company” accelerator providing investment and Techstars-like mentorship and coaching to startups … Continue reading “From Africa to Seattle, Building Businesses to Solve Big Problems”

IPO “On the Horizon” for Unum After $65M Series B, CEO Says

It’s been quite a week for Unum Therapeutics. Just three days after inking its first partnership, the emerging cellular immunotherapy startup has bagged its biggest funding round to date, and an initial public offering may not be far behind. Cambridge, MA-based Unum this morning raised a $65 million Series B round from a large group … Continue reading “IPO “On the Horizon” for Unum After $65M Series B, CEO Says”

Rare Heart Disease Advocate: “I’m More Relieved Than I’ve Ever Been”

[Corrected 6/10/15, 10:14pm. See below.] Katherine Wilemon had a celebratory glass of wine a couple hours ago, which some say is good for the heart. Even better for Wilemon, however, is the reason she’s celebrating: In a two-day discussion about two new drugs aimed at high cholesterol, a panel of outside advisors recommended that the FDA … Continue reading “Rare Heart Disease Advocate: “I’m More Relieved Than I’ve Ever Been””

Techstars Mobility Launches with Office at Ford Field, New Partners

At long last, the inaugural session of the Techstars Mobility program officially launched Tuesday from its 10,000-square-foot office at Ford Field, home of the Detroit Lions. Ten companies working on a range of mobility-related products and services will spend the next three months developing their ideas in Detroit, culminating with a demo day on Sept. … Continue reading “Techstars Mobility Launches with Office at Ford Field, New Partners”

Easy Metrics Obtains $1,662,384 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d09dffa1-66fa-4e6e-aeb4-224abc71befd Date 6/10/2015 Company Name Easy Metrics Mailing Address 371 NE Gilman Blvd. Issaquah, WA 98027 USA Company Description Easy Metrics is a SaaS based Business Intelligence system that helps companies with labor-intensive operations to identify and optimize their labor costs. Website http://www.easymetrics.com Transaction Type Venture Equity Transaction Amount $1,662,384 Transaction Round … Continue reading “Easy Metrics Obtains $1,662,384 New Financing Round”

Take a Grain of Salt (Or Two) With New Cholesterol Drug Predictions

My mother always warned me never to start a column with a reference to management consultants. Sorry, Mom. Cover your eyes. But anyone else with personal health or personal finance interest in the latest cholesterol-fighting drugs, read on. Two years ago, three McKinseyites published a study about forecasts for drug sales. The upshot: To predict … Continue reading “Take a Grain of Salt (Or Two) With New Cholesterol Drug Predictions”

Envelop VR Lands $2,000,000 Seed Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a030573d-a529-4798-b689-75c51c4839a4 Date 6/9/2015 Company Name Envelop VR Mailing Address 411 – 108th Avenue NE Bellevue, WA 98004 USA Company Description Envelop VR builds software that enables people to create, work and play in virtual reality. Founded in 2014, Envelop VR is creating productivity and enterprise software that enables businesses and consumers to … Continue reading “Envelop VR Lands $2,000,000 Seed Round”

Seattle Genetics Pays $25M to Buy Into Unum’s Souped-Up T-Cell Therapy

Unum Therapeutics started up last year with its own twist on the increasingly crowded field of cellular immunotherapy. Today, that plan got a stamp of support from Seattle Genetics. SeaGen (NASDAQ: [[ticker:SGEN]]) has agreed to team up with Cambridge, MA-based Unum in a broad deal to use the former’s antibodies with Unum’s cellular immunotherapy technology … Continue reading “Seattle Genetics Pays $25M to Buy Into Unum’s Souped-Up T-Cell Therapy”

Modumetal Lands $7,394,513 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=48e9e76d-c49c-460e-8ec0-221a5e6c169d Date 6/8/2015 Company Name Modumetal Mailing Address 1443 N. Northlake Way Seattle, WA 98103 USA Company Description The mission of Modumetal is to revolutionize the design and manufacture of automobiles, aircraft, armor and building materials in a way that has never before been realized since the deployment of mass production concepts. … Continue reading “Modumetal Lands $7,394,513 New Financing”

Seattle Roundup: Carena Funding, Avalara Acquisition, Alaska Biofuel

So far this year, three venture capital firms based in the Seattle area that invest heavily in Northwest startup companies have raised $520 million in new funding. Madrona Venture Group, with its $300 million sixth fund announced Thursday, is the biggest among them. Here are a few other stories we’re following this week: —Private cloud services … Continue reading “Seattle Roundup: Carena Funding, Avalara Acquisition, Alaska Biofuel”

Innovation and Entrepreneurship in Washington by the Numbers

Whatever your view of Washington’s relative strengths and weaknesses as a place for innovation and entrepreneurship, there’s a new report out to help underpin your argument with data. Washington came in at a surprisingly low 38th in the Kauffman Foundation’s 2015 index of startup activity nationally, released Thursday. That’s down from 32nd last year. The … Continue reading “Innovation and Entrepreneurship in Washington by the Numbers”

Apple Watch: The First Wearable Device Worth Wearing

It’s just a watch. I’ve had my Apple Watch for three weeks now, and I have no qualms about telling you that the device’s killer app is telling time. That’s what I was expecting. After all, it looks like a wristwatch, you wear it in the same place as a wristwatch, and the first thing … Continue reading “Apple Watch: The First Wearable Device Worth Wearing”

Valant Medical Solutions Garners $3,000,000 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=866e5328-b56c-47c0-b6bf-d329a46995c7 Date 6/5/2015 Company Name Valant Medical Solutions Mailing Address 2033 6th Ave. Seattle, WA 98121 USA Company Description Valant takes care of your practice, so you can take care of your patients. Website http://www.valant.com Transaction Type Venture Equity Transaction Amount $3,000,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. … Continue reading “Valant Medical Solutions Garners $3,000,000 New Financing Round”

TouchstoneID Obtains New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=821926a7-180b-4883-afea-c3d104f09cd8 Date 6/5/2015 Company Name TouchstoneID Mailing Address Undisclosed Bellevue, WA 98004 USA Company Description Everything that defines your identity in one location. Available at the touch of your finger, anywhere you need it. Website http://www.touchstoneid.com Transaction Type Venture Equity Transaction Amount Undisclosed Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not … Continue reading “TouchstoneID Obtains New Financing”

West Coast Biotech Roundup: Regulus, Ardelyx, Juno, Sangamo & More

While a big slice of the oncology world was packed into a Chicago conference center earlier this week for the American Society for Clinical Oncology conference, other news happened, too. In San Diego, Regulus lost a CEO, and in the Bay Area, Ardelyx said goodbye to a big partner. In Seattle, Juno kept churning out … Continue reading “West Coast Biotech Roundup: Regulus, Ardelyx, Juno, Sangamo & More”

Madrona Raises $300M Sixth Fund to Back More Northwest Startups

The biggest backer of Pacific Northwest technology startup companies, Madrona Venture Group, has raised a $300 million sixth fund, which it plans to invest in about 30 local startups during the next three to four years. Madrona follows Ignition Partners and Founders’ Co-op in announcing fresh investment funds in the last two months, giving local … Continue reading “Madrona Raises $300M Sixth Fund to Back More Northwest Startups”

Carena Obtains $13,300,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=07e08d21-9b96-4d56-9446-d054a13b55dd Date 6/4/2015 Company Name Carena Mailing Address 999 3rd Avenue Seattle, WA 98104 USA Company Description Carena provides a new model of health care delivery for innovative, self-insured companies of all sizes. Through our care programs, our physicians provide in-person medical care and education 24 hours a day, seven days a … Continue reading “Carena Obtains $13,300,000 New Funding”

Founderfox Lands $400,000 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=de367e2c-ed06-43a2-a5d1-d8fedc64e706 Date 6/4/2015 Company Name Founderfox Mailing Address Undisclosed Seattle, WA 98104 USA Company Description Why pitch to a room with 20 people, when you can pitch to thousands right now? Website http://www.founderfox.io Transaction Type Venture Equity Transaction Amount $400,000 Transaction Round Undisclosed Proceeds Purposes Handy and Mitchell, who work out of … Continue reading “Founderfox Lands $400,000 New Financing”

Tred Receives $1,000,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=56ab807c-9cf5-4c1d-bea7-ed3222d28d2d Date 6/4/2015 Company Name Tred Mailing Address 511 Boren Avenue North 2nd Floor Seattle, WA 98109 USA Company Description Tred redefines the $600B new car market by letting you test drive from your doorstep. We deliver through Tred concierges who are incentivized by customer service reviews rather than sales commission, so … Continue reading “Tred Receives $1,000,000 New Round”

Blue Box to Big Blue: IBM Acquires Seattle Private Cloud Provider

Seattle-based private cloud provider Blue Box has been scooped up by IBM, as the tech giant looks to bolster its OpenStack-based cloud computing offerings. Blue Box, founded in 2003 by Jesse Proudman, has 65 employees in Seattle. A representative for IBM says the company plans to integrate Blue Box’s employees into its business, and they … Continue reading “Blue Box to Big Blue: IBM Acquires Seattle Private Cloud Provider”

Magnolia Medical Technologies Lands $6,235,322 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=74167060-40ea-43bf-8b01-04c17f645828 Date 6/3/2015 Company Name Magnolia Medical Technologies Mailing Address 2001 Sixth Avenue Seattle, WA 98121 USA Company Description Magnolia Medical Technologies has recently introduced the Initial Specimen Diversion Device (ISDD), a patented, Class I device registered and listed with FDA that is indicated to reduce the frequency of blood culture contamination. … Continue reading “Magnolia Medical Technologies Lands $6,235,322 New Financing Round”

IBM Acquires Blue Box for Undisclosed Sum

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=615b7906-2fa4-4805-9f1f-d2c715400ea4 Date 6/3/2015 Company Name Blue Box Mailing Address 119 Pine Street Seattle, WA 98101 USA Company Description Founded in 2003, we focus on the needs of our customers instead of the whims of the market. We are immersed in the operations and systems world and focus on running the most streamlined … Continue reading “IBM Acquires Blue Box for Undisclosed Sum”

ASCO Roundup: Checkpoints, Pushback Against Prices, CAR-T & More

As has been the case the past few years, the annual American Society of Clinical Oncology meeting, which just wrapped up in Chicago, was the latest referendum on immunotherapy. But this year, not only did the meeting feature scientific developments for these new types of cancer fighters that rev up patients’ immune systems, but it … Continue reading “ASCO Roundup: Checkpoints, Pushback Against Prices, CAR-T & More”

Galvanize Pairs Up With Google to Start Offering Classes in London

Galvanize is going global—and Google is giving it a hand. The Denver-based education startup/co-working chain/early stage venture fund announced this morning it will begin offering classes in London. Galvanize is working with Google on the project, and the classes will be offered at Google’s Campus London startup hub in East London. Galvanize was founded in … Continue reading “Galvanize Pairs Up With Google to Start Offering Classes in London”

C-SATS Garners $2,500,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=cc779ca9-a34e-483b-8899-482735956c1d Date 6/2/2015 Company Name C-SATS Mailing Address 4512 University Way Seattle, WA 98105 USA Company Description Seattle-based C-SATS, Inc. is a venture-backed healthcare technology company on a mission to empower the nation’s 16 million healthcare workers and institutions to assess and improve their performance continuously, accurately and objectively. Website http://www.csats.com Transaction … Continue reading “C-SATS Garners $2,500,000 New Funding”

Summer Reading List: True Tales That Will Inspire and Educate You

OK, you’ve already read the latest hot science bestsellers—Siddhartha Mukherjee’s The Emperor of All Maladies and Rebecca Skloot’s The Immortal Life of Henrietta Lacks (both terrific, by the way)—and you’re wondering what to grab next. I’ve suggested below a number of remarkable science books that I’m fond of, and that you might find interesting as … Continue reading “Summer Reading List: True Tales That Will Inspire and Educate You”

Tyfone Lands $6,631,772 Series C Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=50f06997-14ab-424b-b65e-52717e354032 Date 5/29/2015 Company Name Tyfone Mailing Address 5520 SW Macadam Avenue Portland, OR 97239 USA Company Description The Tyfone mobile banking platform puts financial institutions right in the center of mobile banking and payment space, with comprehensive hardware and software platforms that enables financial institutions to optimize the mobile channel to … Continue reading “Tyfone Lands $6,631,772 Series C Financing Round”

AutoGraph Lands $2,700,000 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c37ae308-b434-4854-941c-76aa7961cb4e Date 5/29/2015 Company Name AutoGraph Mailing Address 999 North Northlake Way Seattle, WA 98103 USA Company Description AutoGraph helps people realize their interests, enabling marketers drive response rates. It allows businesses to find more than 5500 dimensions about their customers, allowing businesses to serve what matters to them. Website http://www.autograph.me Transaction … Continue reading “AutoGraph Lands $2,700,000 New Funding Round”

Fate of Life Sciences Fund Again in Limbo as Legislature Dithers

Washington state’s main public funding source for applied research and commercialization of new medical treatments could shut down in five weeks, with existing grants rescinded. Or it could see its funding maintained, be in charge of a new state cancer program, and begin advising Washington marijuana regulators on licensing research into that substance. Such is … Continue reading “Fate of Life Sciences Fund Again in Limbo as Legislature Dithers”

Virtual Currency Companies Grapple with Role as Crime Watchdogs for Feds

When Chris Morton and his partners co-founded BlockScore in June 2013, they initially planned to get into the business of Bitcoin remittances. That’s a new way to send money via the Web to someone in another country, with the virtual currency Bitcoin as a medium of exchange. Such services—often available through a mobile phone—can be … Continue reading “Virtual Currency Companies Grapple with Role as Crime Watchdogs for Feds”

Milestones Of Innovation 7: FDR Phones Knudsen At General Motors

One of the sharpest controversies about our nation’s history is who gets top credit for the titanic American public-private partnership that won World War II with an avalanche of production. Some call it a rescue by private business, others view it as an example of Franklin Roosevelt’s multi-layered and often-mysterious leadership. How we see this … Continue reading “Milestones Of Innovation 7: FDR Phones Knudsen At General Motors”

Juno, Editas To Collaborate On CRISPR-Juiced Cancer Immunotherapy

The gene editing technology CRISPR-Cas9 might be prompting major ethical questions about its use in altering human intelligence and appearance, but biotech startups are now pushing it forward as a way to make better cancer therapies. In the second deal of its kind, Juno Therapeutics (NASDAQ: [[ticker:JUNO]]) of Seattle has tapped CRISPR-Cas9 experts Editas Medicine, … Continue reading “Juno, Editas To Collaborate On CRISPR-Juiced Cancer Immunotherapy”

Bluebird Adds to CAR-T Arsenal With Five Prime Antibody Deal

[Updated 5/27/15 12:45 pm. See below.] Bluebird Bio is expanding its technology reach with antibodies from Five Prime Therapeutics as part of its plan to develop next-generation cancer therapies. Cambridge, MA-based Bluebird (NASDAQ: [[ticker:BLUE]]) specializes in gene therapy, and its progress treating sickle cell disease and beta-thalassemia, both rare blood disorders, is one of the … Continue reading “Bluebird Adds to CAR-T Arsenal With Five Prime Antibody Deal”

After Orexigen Gaffe, What Role for Drugs Amid Obesity Crisis?

Two recent happenings prompted this column. First, Orexigen Therapeutics drew fire from, well, nearly everyone earlier this month for an improper release of data related to its weight-loss drug Contrave. The second happening is Memorial Day weekend. I’m assuming you, like me, did not spend the long weekend hunting and gathering, sharpening your arrowheads, and … Continue reading “After Orexigen Gaffe, What Role for Drugs Amid Obesity Crisis?”

Ombitron Secures $200,000 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=eb0b1a3d-c5e5-42f8-b407-e71b8799be70 Date 5/26/2015 Company Name Ombitron Mailing Address 821 2nd Ave. Seattle, WA 98104 USA Company Description Ombitron creates hardware and software solutions specifically for the Internet of Things (also called Machine to Machine (M2M)) market. Ombitron specializes in cellular gateways combined with cloud based software to provide a fully managed, easy … Continue reading “Ombitron Secures $200,000 New Financing”