I can remember last year somebody making the claim that there wasn’t enough VC in the Pacific Northwest. Well, that seems to be changing. And our neighbors to the north seem to be doing more than their fair share in activating more venture capital for investing in the startups being built in our region. The latest? Fortson.
According to GeekWire:
The fund is led by Cole Younger, a longtime Seattle-area tech investor who previously led Arnold Venture Group, a seed-stage venture arm within a family office. That business was later rebranded as Fortson VC and spun out earlier this year as a standalone venture firm.
The new “Fortson Gen I” fund will primarily back B2B software startups at the pre-seed to Series A stages. Younger said he expects to make 25 to 30 investments, with initial check sizes ranging from $500,000 to $1 million.
“We look to back non-linear founders who operate with an internal compass that most people can’t even begin to calibrate,” Younger said. “These founders are often high-variance operators, sometimes with sharp edges, but we believe they’re the ones who tend to build the most original and enduring companies.”
For more information, read the GeekWire coverage or visit Fortson.
More Portland startup news
Comments are closed.
[…] capital being made accessible to startup founders in the Pacific Northwest. A week ago, it was Fortson. Last Friday, it was Martin Tobias launching Incisive […]