Founders Co-op

ActiveVenture Capital

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Updated: Jan 22, 2026 ·

Financial History

Total Raised

N/A

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Jul 1, 2024	Farmblox	$3.0M Seed	—	Afore Capital, Founders' Co-op, Hyperplane, Hyperplane Venture Capital, MHS Capital
Jun 1, 2024	Fizz	$14.0M Seed	—	6th Man Ventures, Active Capital, Alt Capital, ATX Venture Partners, Canaan Partners, Comal Ventures, DFJ, Indicator Ventures, Kleiner Perkins, KRM Interests LLC, Lux Capital, Maverick Capital, Menlo Ventures, Mouro Capital, Necessary Ventures, Next Coast Ventures, Picus Capital, Precursor Ventures, QED Investors, Red Swan Ventures, Sunset Ventures, XStarPartners, Y Combinator, Adam Marchick, Andy Rubin, Brian Sugar, hugo angelmar, Rajiv Bala, Ravi Grover, Sri Batchu
May 1, 2024	MakersHub	$2.0M Seed	—	6th Man Ventures, DFJ, Kleiner Perkins, KRM Interests LLC, Maverick Capital, Menlo Ventures, Mouro Capital, Necessary Ventures, QED Investors, XStarPartners, Adam Marchick, Andy Rubin, hugo angelmar, Ravi Grover, Sri Batchu
Jan 1, 2023	Sleepagotchi	$4.0M Seed	—	6th Man Ventures, DFJ, Kleiner Perkins, KRM Interests LLC, Maverick Capital, Menlo Ventures, Mouro Capital, Necessary Ventures, QED Investors, XStarPartners, Adam Marchick, Andy Rubin, hugo angelmar, Ravi Grover, Sri Batchu
Dec 1, 2022	DataVisor	$40.0M Venture Round	—	CMFG Ventures, Techstars, Rick Wagoner
Oct 1, 2022	InStride Health	$26.0M Series A	—	.406 Ventures, BlueCross BlueShield Venture Partners, Flare Capital Partners, Forgepoint Capital, Obvious Ventures
May 1, 2022	Inflection.io	$5.0M Seed	—	Founders' Co-op, Aaron Schwartz, Jeremy LaTrasse, Marco A. Casas, Shelby Bonnie
May 1, 2022	Tignis	$7.0M Series A	—	Amadeus Capital Partners, BILL, Clear Ventures, DN Capital, Engineering Capital, Founders' Co-op, Pioneer Square Labs, Sure, Alexander Algard, Fred van den Bosch, Mark Williamson, Sujal Patel
Mar 1, 2022	CommerceIQ	$120.0M Series D	—	Ascend Vietnam Ventures, Broadway Angels, Catapult Capital, Celesta, Floodgate, Founders' Co-op, Insight Partners, Lead Edge Capital, Madrona Ventures, Mayfield, MHS Capital, Sapphire Ventures, Silicon Valley Connect, Softbank Group, SoftBank Investment Advisers, Vast Ventures
Mar 1, 2022	Helcim	$13.0M Series A	—	Information Venture Partners, MHS Capital, Version One Ventures
Feb 1, 2022	Fabric	$140.0M Series C	—	Boldstart Ventures, Canaan Partners, Graph Ventures, LAUNCHub Ventures, Norwest Venture Partners, OMERS Ventures, Redpoint Ventures, Sequoia Capital, Shasta Ventures, Russell Fradin, Russ Fradin
Feb 1, 2022	Rubi Laboratories	$4.0M Seed	—	6th Man Ventures, Dawn Capital, DFJ, Kleiner Perkins, KRM Interests LLC, LocalGlobe, Look Up Ventures, Maverick Capital, Menlo Ventures, Mouro Capital, Necessary Ventures, Passion Capital, Point Nine Capital, QED Investors, Seedcamp, XStarPartners, Y Combinator, Adam Marchick, Andy Rubin, Christian Bach, Fredrik Björk, hugo angelmar, Ian Hogarth, Leonard Picardo, Mathias Biilmann Christensen, Michael Pennington, Ravi Grover, Sri Batchu, Tim Seears
Jan 1, 2022	PropertyScout	$2.0M Seed	—	75 & Sunny, Acequia Capital, Antler, CAV Investment Group, Cipio Partners, Global Ventures, Hoxton Ventures, Iterative, Rajan Anandan, Prefix Capital, Sunfish Partners, Visionaries Club, Walden Catalyst Ventures, Erik Blachford, Gokul Rajaram, Jakob Angele, Jonathan Wasserstrum, Marc Stilke, Mike Slade, Rudy Gadre, Simon Rogerson, Thibaud Lecuyer
Oct 1, 2021	Hedron	$18.0M Series A	—	Alumni Ventures, Amicus Capital, Flybridge Capital Partners, Kaszek Ventures, Lockheed Martin Ventures, Marlinspike, monashees, Moonshots Capital, NextView Ventures, Practical Venture Capital, Snowpoint Ventures, Space Capital, The Engine, Western Technology Investment, Dharmesh Shah, Don Hutchison, Rich Miner, Roger Ehrenberg
Sep 1, 2021	Aktivate	$5.0M Seed	—	Altair Capital Management, B Capital Group, Founder Collective, Hardware Club, Igah Ventures, Iporanga Ventures, LDV Capital, Musha Ventures, Not Boring Capital, Oak HC/FT, Pareto Holdings, Remagine Ventures, Serena Capital, Stellar Capital, TechAviv Founder Partners, Village Global, Will Ventures, Y Combinator, Bangaly Kaba, Martin Schrimpff
Aug 1, 2021	Syndicate	$20.0M Series A	—	01 Advisors, 20VC, 2.12 Angels, Kevin Hartz, AirAngels, Alt Capital, Alumni Ventures, AME Cloud Ventures, Andreessen Horowitz, Angelic Ventures, Animo Ventures, Archetype, Ascend Vietnam Ventures, Audacity, Awesome People Ventures, Banana Capital, Battery Ventures, Bessemer Venture Partners, C2 Investment, Caffeinated Capital, Chapter One Ventures, Coinbase Ventures, CoinFund, Craft Ventures, Curious Capital, Matt Ocko, DFJ, Dispersion Capital, Divergence Ventures, Dreamers VC, Electric Ant, Electric Capital, EQT Ventures, Ethereal Ventures, Jenny Fielding, Scott Hartley, Footprint Coalition, Forefront Venture Partners, Tanguy Chau, Founders Fund, Framework Venture Partners, Future Perfect Ventures, General Catalyst, Goodwater Capital, Greylock, Griffin Gaming Partners, Joe Kraus, Hack VC, Hardware Club, Harrison Metal, Hashed, Heretic Ventures, Infinity Ventures Crypto, Shawn Modarresi, Kearny Jackson, Kleiner Perkins, LGF, Lightspeed Venture Partners, Locus Ventures, Long Journey Ventures, M34 Capital, Makers Fund, Marcy Venture Partners, Maveron, Mayfield, Mechanism Capital, Menlo Ventures, Monarch Collective, Musha Ventures, Nascent, Not Boring Capital, Offline Ventures, Off the Grid Ventures, OMERS Ventures, Otherwise Fund, OurCrowd, Paladin Capital Group, Pantera Capital, Pareto Holdings, Plug & Play Ventures, Propeller VC, Rebel Fund, Redpoint Ventures, Robot Ventures, Roosh Ventures, RRE Ventures, Saga, SciFi VC, Seed Club Ventures, Sequoia Capital, Seven Seven Six, SID Venture Partners, Social Capital, Solana Ventures, Sorenson Ventures, Sound Ventures, South Park Commons, Stellar Capital, The Hit Forge, Todd and Rahul's Angel Fund, Top Tier Capital Partners, TQ Ventures, Uncork Capital, Unusual Ventures, Verified Capital, Version One Ventures, Village Global, Alex Rodriguez, Weekend Fund, Winklevoss Capital, WorkLife Ventures, WPP Ventures, Y Combinator, Adam Jackson, Alex Pack, Aliaksandr Hudzilin, Alice Lloyd George, Anastasia Andrianova, Andrew Steinwold, Anthony Pompliano, Arash Ferdowsi, Balaji Srinivasan, Bangaly Kaba, Baron Davis, Ben Lang, Biz Stone, Bo Shao, Brad Holden, Chris Kelly, Chris Smoak, David Nage, Do Kwon, Dylan Field, Eric Wu, Fidji Simo, Hadi Partovi, Imran Khan, James Hong, Jared Leto, Jay Z, Jeff Morris, Jeff Seibert, Jeremy Yap, Jess Sloss, John Collison, John Fontein, John Hennessy, Kathryn Minshew, Kenny Van Zant, Kevin Lin, Luis Cuende, Manuel Bronstein, Marc Benioff, Mark Cuban, Mathilde Collin, Mattia Astori, Max Mullen, Mike Krieger, Mike Vernal, Nathaniel Whittemore, Parker Conrad, Peter Kazanjy, Prescott Watson, Regan Bozman, Rene Reinsberg, Sahil Lavingia, Sam Altman, Scott Belsky, Shervin Pishevar, Sina Habibi, Stani Kulechov, Steve Chen, Steve Weinstein, Tegan Kline, Trevor McFedries, Trevor Wright, Tyler Scott Ward, Yvonne Wassenaar
Aug 1, 2021	LevelTen Energy	$35.0M Series C	—	Active Impact Investments, Kiersten Stead, Firstminute Capital, Founders' Co-op, gener8tor, One Way Ventures, Powerhouse Ventures, Prelude Ventures, RRE Ventures, TotalEnergies Ventures, True Ventures, Verve Ventures, Aaron Schwartz, Bradley Horowitz, Jeremy LaTrasse, Marco A. Casas, Shelby Bonnie
Jul 1, 2021	LIT Videobooks	$5.0M Seed	—	Kevin Hartz, Accel, Alumni Ventures, Andreessen Horowitz, Anorak Ventures, Austin Walne, Bain Capital Ventures, Battery Ventures, Bora&Sons, BoxGroup, Canaan Partners, CapitalX, Coelius Capital, Cyphr VC, Daffy, Global Founders Capital, Homebrew, Invariantes Fund, Jude Gomila Rolling Fund, LAUNCHub Ventures, Lionheart Ventures, Long Journey Ventures, MaC Venture Capital, Mayfield, NEO, Aaron Jacobson, Norwest Venture Partners, Pear VC, Salesforce Ventures, Sand Hill Angels, Sequoia Capital, Shaan's All Access Fund, Shasta Ventures, SNR, The Venture Reality Fund, Transformation Capital, Tribe Capital, Y Combinator, Zeno Ventures, Aaron Peterman, Cameron Teitelman, Harry Hurst, Larry Braitman, Lawrence Braitman, Louis Beryl, Mark Pincus, Riccardo Zacconi, Russell Fradin, Russ Fradin, Yumin Choi
Jul 1, 2021	Fabric	$100.0M Series B	—	Accenture, B Capital Group, Boldstart Ventures, Canaan Partners, Graph Ventures, LAUNCH, LAUNCHub Ventures, Long Journey Ventures, Lumia Capital, Mayfield, Norwest Venture Partners, OMERS Ventures, Redpoint Ventures, Scrum Ventures, Sequoia Capital, Seven Seven Six, Shasta Ventures, Sierra Ventures, Y Combinator, Aaron Harris, Ajay Ramachandran, Curtis MacDonald, Gokul Rajaram, Russell Fradin, Russ Fradin, Sam Altman, Scott Banister, Taher Haveliwala
Jul 1, 2021	SmartRecruiters	$110.0M Series E	—	Ascend Vietnam Ventures, Broadway Angels, Catapult Capital, Floodgate, Founders' Co-op, Madrona Ventures, Mayfield, MHS Capital, Sapphire Ventures, Silicon Valley Connect, Vast Ventures
Jun 1, 2021	Outreach	$200.0M Series G	—	Bessemer Venture Partners, Founders' Co-op, ICONIQ Capital, Insight Partners, K9 Ventures, Madrona Ventures, Mayfield, Meritech Capital Partners, Pioneer Square Labs, Sapphire Ventures, Ubiquity Ventures, Dan Shapiro, Dave Schappell, Marcus Bartram, Rob Theis
Jun 1, 2021	CommerceIQ	$60.0M Series C	—	Ascend Vietnam Ventures, Broadway Angels, Catapult Capital, Floodgate, Founders' Co-op, Insight Partners, Lead Edge Capital, Madrona Ventures, Mayfield, MHS Capital, Sapphire Ventures, Silicon Valley Connect, Vast Ventures
Jun 1, 2021	Templafy	$60.0M Series D	—	7percent Ventures, Accenture, Anorak Ventures, Atomico, Dawn Capital, foobar.vc, ICONIQ Capital, Insight Partners, Mayfield, Pioneer Square Labs, Dan Shapiro, Dave Schappell, Gokul Rajaram
May 1, 2021	Aurora Solar	$250.0M Series C	—	ICONIQ Capital, Insight Partners, Mayfield, Pioneer Square Labs, Dan Shapiro, Dave Schappell
Apr 1, 2021	Xwing	$40.0M Series B	—	20VC, 9Yards Capital, Kevin Hartz, Accomplice VC, Addition, Adverb Ventures, Airtree Ventures, Alumni Ventures, Alven, Arrive, Ascend Vietnam Ventures, Avenir, Avid Ventures, Bain Capital Ventures, Bessemer Venture Partners, Blackbird Ventures Australia, Bond, Broadhaven Capital Partners, CFV Ventures, Coatue, Cubit Investments Ltd, ENIAC Ventures, Euclid Ventures, Family Office, Felicis Ventures, Fontinalis Partners, Golden Ventures, Kairos HQ, Kipaki Ventures, Level2 Ventures, Lightspeed Venture Partners, Lionheart Ventures, Lockheed Martin Ventures, Lowercarbon Capital, LvlUp Ventures, Mercato Partners, Musha Ventures, Jeff Richards, Not Boring Capital, Osney Capital, Pareto Holdings, Pioneer Fund, Primary Venture Partners, Quake Capital, Redpoint Ventures, RTP Global, SeaX Ventures, #SecretFund, sequel, Spark Capital, Stata Venture Partners, Stellar Capital, Tenfore Holdings, Uncork Capital, Union Square Ventures, Unless, Village Global, XSeed Capital, Antoine Martin, Bangaly Kaba, Calvin Chu, Christian Reber, Greg Kidd, Guy Podjarny, Julia Hartz, Mark Cuban, Martin Li, Matt Mazzeo, Nicolas Steegmann, PhD, Philippe Teixeira da Mota, Rain Cui, PhD, MBA, Sahin Boydas, Simon Dawlat, Tom Williams

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at Founders Co-op.

Leadership Team

Key people at Founders Co-op.

Deep Dive

High-Level Overview

Founders’ Co-op is a Seattle-based venture capital firm founded in 2008 with a mission to empower extraordinary technical founders in the Pacific Northwest. The firm specializes in seed and early-stage investments, focusing on backing ambitious teams at the earliest stages—often before product-market fit or even a finished product. Founders’ Co-op prioritizes technical talent, founder-market fit, and the ambition to build enduring, scalable technology companies. Its investment philosophy centers on being the first institutional check, providing not just capital but hands-on guidance, deep community engagement, and access to a powerful regional network. The firm has played a pivotal role in shaping the Pacific Northwest’s startup ecosystem, helping launch and scale companies that have gone on to attract major venture capital and achieve significant exits.

Origin Story

Founded in 2008, Founders’ Co-op emerged as a response to the lack of early-stage capital and support for technical founders outside Silicon Valley. The firm was co-founded by Chris DeVore, a prominent figure in Seattle’s tech community and former head of Techstars Seattle, and Aviel Ginzburg, co-founder of Simply Measured and former managing director of Amazon’s Alexa Accelerator. Over the years, Founders’ Co-op has evolved into a cornerstone of the Pacific Northwest’s venture ecosystem, known for its hands-on approach and deep ties to the region’s entrepreneurial hubs. The firm’s proximity to Foundations, a leading Seattle founder community, has further amplified its deal flow and influence.

Core Differentiators

First-Check Focus: Founders’ Co-op is known for being the earliest institutional investor, often backing teams at the napkin sketch or prototype stage.
Regional Expertise: The firm is deeply embedded in the Pacific Northwest, leveraging local networks and community engagement to support founders.
Hands-On Support: Beyond capital, Founders’ Co-op offers mentorship, operational guidance, and access to a trusted peer network.
Track Record: The firm has backed billion-dollar companies like Remitly, Outreach, and Auth0, demonstrating its ability to identify and nurture high-potential teams.
Community Hub: Founders’ Co-op operates from Foundations, a key gathering point for early-stage founders in Seattle, fostering collaboration and innovation.

Role in the Broader Tech Landscape

Founders’ Co-op is riding the wave of decentralization in the tech industry, as more founders choose to build outside traditional hubs like Silicon Valley. The firm’s focus on the Pacific Northwest aligns with broader trends of regional innovation and the rise of distributed teams. By supporting technical founders at the earliest stages, Founders’ Co-op helps bridge the gap between local talent and global venture capital, enabling the region to compete on a national and international scale. The firm’s influence extends beyond its portfolio, shaping the culture and trajectory of the Pacific Northwest’s tech ecosystem.

Quick Take & Future Outlook

Looking ahead, Founders’ Co-op is well-positioned to continue its role as a catalyst for innovation in the Pacific Northwest. As the region attracts more talent and investment, the firm’s deep community ties and early-stage expertise will remain critical. The ongoing trend of distributed teams and remote work will likely amplify the firm’s impact, enabling it to support founders across a broader geographic footprint. Founders’ Co-op’s ability to identify and nurture technical talent at the earliest stages will continue to shape the future of the region’s tech landscape, ensuring its influence endures for years to come.

Sources

High-Level Overview

Origin Story

Core Differentiators

First-Check Focus: Founders’ Co-op is known for being the earliest institutional investor, often backing teams at the napkin sketch or prototype stage.
Regional Expertise: The firm is deeply embedded in the Pacific Northwest, leveraging local networks and community engagement to support founders.
Hands-On Support: Beyond capital, Founders’ Co-op offers mentorship, operational guidance, and access to a trusted peer network.
Track Record: The firm has backed billion-dollar companies like Remitly, Outreach, and Auth0, demonstrating its ability to identify and nurture high-potential teams.
Community Hub: Founders’ Co-op operates from Foundations, a key gathering point for early-stage founders in Seattle, fostering collaboration and innovation.