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founderscoop.com

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Investments

126

Portfolio Exits

28

Funds

6

Service Providers

1

About Founders' Co-op

Founders' Co-Op is a seed- and early-stage investment partnership based in Seattle. The firm is led by Chris DeVore, Rudy Gadre and Andy Sack and invests on behalf of a limited partnership. Founders Co-op helps software entrepreneurs in the Pacific Northwest from the earliest stages of venture formation, with a hands-on approach that emphasizes agility, capital efficiency, creativity and active support from its extended community of investors and portfolio company founders.

Founders' Co-op Headquarter Location

Startup Hall 1100 NE Campus Parkway, 2nd Floor

Seattle, Washington, 98105,

United States

206-801-1080

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Latest Founders' Co-op News

Modern Bill Payments Company Routable Exits Stealth With $12 Million In Funding

Aug 16, 2020

Routable — one of the simplest way to send and receive business-to-business payments — announced that it has raised $16 million Routable — one of the simplest way to send and receive business-to-business payments — announced that the company has come out of stealth mode and raised $16 million with $12 million in Series A funding from Y Combinator, Founders Co-Op, Lee Fixel, Box Group as well as Liquid 2 Ventures, Jason Gardner, Gokul Rajaram, Aaron Schildkrout, Sam Hodges, Immad Akhund, and several others. This investment will enable Routable’s efforts to launch new features and a mid-market product for larger teams. And the funding round is a validation of Routable’s technology and go-to-market strategy. And with this Series A, Routable enters a new phase of growth and will invest in hiring and scaling their product for customers. Routable offers friction-free accounts payable, simplifying the payables process from receipt to settlement. And for payables, the platform enables professionals to import bills any way they want. Users can email, scan, and upload bills to process one or thousands of payments and utilize the API for bulk processing. And Routable enables the right bills to get approved by the right people easily without delays and their real-time two-way sync keeps businesses’ ledgers up-to-date, making reconciliation a breeze. In terms of receivables, Routable automatically routes invoices, collects revenue, and updates payment records. And the platform easily connects to accounting software to make sending invoices much easier. “Sending 1,000 business payments per month is a much different proposition than sending 10,000 or 100,000 monthly payments. We believe finance departments deserve the best software and support as they scale and understand that each role has different needs. We built Routable from the ground up to meet the needs of modern teams and provide the tools, integrations, and visibility they need to thrive,” Routable co-founder and CEO Omri Mor. Mor and cofounder / CTO Tom Harel founded the company after dealing first-hand with the challenges involved in building custom payment solutions that serviced business entities and independent contractors. Running payables is usually a time-consuming and costly process. And as bills, contracts, and documents flood in via mail or email, tedious data entry quickly piles up. The messy approvals, multiple communications channels, and manual processing further add to the burden. And it’s an arduous process that prevents timely payments and uses up valuable employee resources. Mor and Harel saw an opportunity for using technology to address companies’ finance and accounting needs across departments and provide visibility. And they set out to build a sophisticated, seamless, and modern business-to-business payout solution that helps companies speed up their business payments at scale. Currently, Routable is working with customers including Garmentory, Re/Max, and Snackpass.

Founders' Co-op Investments

126 Investments

Founders' Co-op has made 126 investments. Their latest investment was in Source as part of their Unattributed VC on June 6, 2022.

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Founders' Co-op Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/1/2022

Unattributed VC

Source

$0.45M

No

1

4/13/2022

Series A

Heard

$10M

No

2

1/26/2022

Series B

Logixboard

$32M

No

14

12/20/2021

Series A

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$99M

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10

8/25/2021

Series C

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$99M

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10

Date

6/1/2022

4/13/2022

1/26/2022

12/20/2021

8/25/2021

Round

Unattributed VC

Series A

Series B

Series A

Series C

Company

Source

Heard

Logixboard

Subscribe to see more

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Amount

$0.45M

$10M

$32M

$99M

$99M

New?

No

No

No

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Subscribe to see more

Co-Investors

Sources

1

2

14

10

10

Founders' Co-op Portfolio Exits

28 Portfolio Exits

Founders' Co-op has 28 portfolio exits. Their latest portfolio exit was Ally on October 07, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/7/2021

Acquired

$99M

7

9/23/2021

IPO

$99M

Public

16

3/4/2021

Acquired

$99M

7

3/3/2021

Acquired

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$99M

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10

5/19/2020

Acquired

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$99M

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10

Date

10/7/2021

9/23/2021

3/4/2021

3/3/2021

5/19/2020

Exit

Acquired

IPO

Acquired

Acquired

Acquired

Companies

Subscribe to see more

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Public

Subscribe to see more

Subscribe to see more

Sources

7

16

7

10

10

Founders' Co-op Fund History

6 Fund Histories

Founders' Co-op has 6 funds, including Founders' Co-op V.

Closing Date

Fund

Fund Type

Status

Amount

Sources

3/1/2021

Founders' Co-op V

$50M

1

4/12/2019

Founders' Co-Op IV

$99M

10

4/2/2015

Founders' Co-Op III

$99M

10

12/31/2011

Founders' Co-Op II

$99M

0

3/15/2008

Founders' Co-op Fund

$99M

10

Closing Date

3/1/2021

4/12/2019

4/2/2015

12/31/2011

3/15/2008

Fund

Founders' Co-op V

Founders' Co-Op IV

Founders' Co-Op III

Founders' Co-Op II

Founders' Co-op Fund

Fund Type

Status

Amount

$50M

$99M

$99M

$99M

$99M

Sources

1

10

10

0

10

Founders' Co-op Service Providers

1 Service Provider

Founders' Co-op has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

General Counsel

Service Provider

Associated Rounds

Provider Type

Counsel

Service Type

General Counsel

Partnership data by VentureSource

Founders' Co-op Team

5 Team Members

Founders' Co-op has 5 team members, including current Founder, Managing Partner, Andy Sack.

Name

Work History

Title

Status

Andy Sack

Founder, Managing Partner

Current

Moriah C Levy

Controller

Current

Christopher DeVore

Managing Partner

Current

Rudy Gadre

General Partner

Current

Aviel Ginzburg

General Partner

Current

Name

Andy Sack

Moriah C Levy

Christopher DeVore

Rudy Gadre

Aviel Ginzburg

Work History

Title

Founder, Managing Partner

Controller

Managing Partner

General Partner

General Partner

Status

Current

Current

Current

Current

Current

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