SeaChange Fund IV
SeaChange Fund IV is a company.
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Financial History
Total Raised
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Valuation
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Leadership Team
Key people at SeaChange Fund IV.
SeaChange Fund IV is a company.
Key people at SeaChange Fund IV.
Key people at SeaChange Fund IV.
SeaChange Fund IV is the fourth and largest fund ($4.6 million) raised by SeaChange Fund, a Seattle-based early-stage venture capital firm focused on Pacific Northwest startups.[1][2] Its mission is to fuel the region's entrepreneurial surge by providing capital, expertise, and a deep investor network to scalable seed and early-stage tech companies across diverse industries, blending angel and VC strategies.[1][2][5] The fund plans to invest in up to eight companies at $500,000–$600,000 per deal, building on over $15 million deployed since 2015 to 15+ startups, with strong returns like a 3x on its first fund and exits such as C-SATS to Johnson & Johnson.[1][2] SeaChange significantly impacts the PNW ecosystem by accelerating local innovation in overlooked markets, drawing from nearly 100 regional LPs including Amazon and Microsoft execs.[2][6]
SeaChange Fund originated in 2015 as the Seattle Angel Fund, evolving into SeaChange in 2018 to reflect its shift toward VC-like fund management while retaining angel group dynamics.[1][2][5] Susan Preston serves as managing partner, leading a team that includes active investors like Will Finney, a former founder with exits at Pivotal Living.[1][2][6] The name change and Fund IV launch captured heightened regional excitement, closing in under three weeks—faster than typical—amid PNW's startup boom, marking its largest raise (more than prior funds combined).[1][2] Key pivots include group due diligence (one-month process with angels) and post-investment support like board seats and mentoring, transitioning from pure angel deals to structured VC approaches.[1][2]
SeaChange rides the PNW's "kinetic" startup surge, investing in overlooked U.S. cities like Seattle where talent and costs favor scalable tech over coastal hubs.[1][7] Timing aligns with post-2018 regional momentum, as rapid Fund IV closes signal investor confidence amid Amazon/Microsoft-driven ecosystems.[1][2] Favorable forces include abundant engineer talent, lower valuations, and diverse sectors (healthtech, adtech, SaaS), enabling outsized returns like 3x funds and acquisitions.[1][2][6] The firm influences the ecosystem by elevating local founders through LP networks and post-investment guidance, bridging angel-to-VC gaps and fostering PNW self-sufficiency beyond SF/NY dominance.[2][5][6][7]
SeaChange Fund IV positions the firm to deploy into 8+ high-potential PNW startups amid sustained regional growth, leveraging its LP network for co-investments and exits.[1][2][6] Trends like AI/healthtech expansion and remote talent shifts will amplify PNW advantages, potentially driving more 3x+ returns and acquisitions.[1][6] Its influence may evolve into a broader "force" in early-stage investing, mentoring the next wave of founders while expanding beyond pure PNW if scalable models prove out—solidifying its role as a startup accelerator in undervalued markets.[1][2][7]
