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Venture Capital
ignition.vc

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Investments

392

Portfolio Exits

91

Funds

16

Service Providers

3

About Ignition Partners

Ignition Partners is a venture capital firm focused on early-stage investments in enterprise software.

Ignition Partners Headquarters Location

350 106th Ave NE First Floor

Bellevue, Washington, 98004,

United States

425-709-0772

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Expert Collections containing Ignition Partners

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Ignition Partners in 1 Expert Collection, including Unicorns- Billion Dollar Startups.

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Unicorns- Billion Dollar Startups

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Research containing Ignition Partners

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Ignition Partners in 3 CB Insights research briefs, most recently on Jul 28, 2022.

Latest Ignition Partners News

Seattle VC firm Fuse reveals size of inaugural fund that has backed 17 Pacific Northwest startups

Jan 24, 2022

Seattle VC firm Fuse reveals size of inaugural fund that has backed 17 Pacific Northwest startups January 23, 2022 at 10:20 pm Share  2 From left: Fuse general partners Brendan Wales, Cameron Borumand, and Kellan Carter. (Fuse Photos) Fuse , a new Seattle-based early-stage venture capital firm, has disclosed the size of its inaugural fund for the first time. The firm raised $170 million for the fund, which has backed 17 B2B software startups based across the Pacific Northwest. It plans to make 25-to-30 total investments. GeekWire previously reported that Fuse had raised at least $118 million. Some of the firm’s recent investments include Zuper , which sells software to help service companies; Pictory , a video automation startup; and Route Line , an adventure travel startup. “The Pacific Northwest is the most important technology ecosystem in the world,” the firm wrote in a blog post. Fuse launched in 2020 as a spinoff from longtime Seattle-area firm  Ignition Partners . Former Ignition investors Kellan Carter  and  Cameron Borumand  helped startup Fuse as general partners. John Connors , an Ignition managing partner and former Microsoft CFO, joined Fuse as operating managing partner, along with  Satbir Khanuja , who was a venture advisor at Ignition. Ignition effectively sunsetted its brand name and continues to manage existing investments in portfolio companies. Seattle Seahawks star Bobby Wagner is a venture partner at Fuse. Last year the firm added longtime Bay Area tech startup investor Brendan Wales as its third general partner. Other employees include associates Sara Lindquist and Zane Khatib , who just joined from Brighton Jones. Fuse is among a crop of newer early-stage firms in Seattle hoping to capitalize on the city’s startup activity . Flying Fish raised $80 million for its first fund in 2018 and is raising another fund. Pioneer Square Labs raised $80 million for its first fund as well, and raised $100 million for its second. Other new firms include Ascend ($15 million first fund) and Graham & Walker ($10 million first fund).

Ignition Partners Investments

392 Investments

Ignition Partners has made 392 investments. Their latest investment was in Pike Brewing as part of their Unattributed VC on June 6, 2022.

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Ignition Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/2/2022

Unattributed VC

Pike Brewing

$1.8M

Yes

1

3/8/2022

Series B

Maven Arena

$3.15M

Yes

1

9/8/2021

Series E

Aviatrix

$200M

No

15

9/3/2021

Unattributed VC

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$99M

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10

9/1/2021

Series B

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$99M

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10

Date

6/2/2022

3/8/2022

9/8/2021

9/3/2021

9/1/2021

Round

Unattributed VC

Series B

Series E

Unattributed VC

Series B

Company

Pike Brewing

Maven Arena

Aviatrix

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Amount

$1.8M

$3.15M

$200M

$99M

$99M

New?

Yes

Yes

No

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Co-Investors

Sources

1

1

15

10

10

Ignition Partners Portfolio Exits

91 Portfolio Exits

Ignition Partners has 91 portfolio exits. Their latest portfolio exit was Tempered Networks on June 23, 2022.

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

6/23/2022

Acquired

$99M

7

4/12/2022

Acquired

$99M

2

2/28/2022

Acquired

$99M

3

1/27/2022

Acquired

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$99M

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10

1/6/2022

Acquired

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$99M

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10

Date

6/23/2022

4/12/2022

2/28/2022

1/27/2022

1/6/2022

Exit

Acquired

Acquired

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

7

2

3

10

10

Ignition Partners Fund History

16 Fund Histories

Ignition Partners has 16 funds, including Ignition Venture Partners IV Annex Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

7/8/2015

Ignition Venture Partners IV Annex Fund

Early-Stage Venture Capital

Closed

$16.85M

1

5/21/2015

Ignition Venture Partners VI

Early-Stage Venture Capital

Closed

$200M

2

3/27/2014

Qiming Venture Partners IV

Early-Stage Venture Capital

Closed

$500M

1

4/1/2013

Ignition Venture Partners V

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$99M

0

5/16/2011

Qiming Venture Partners III

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$99M

10

Closing Date

7/8/2015

5/21/2015

3/27/2014

4/1/2013

5/16/2011

Fund

Ignition Venture Partners IV Annex Fund

Ignition Venture Partners VI

Qiming Venture Partners IV

Ignition Venture Partners V

Qiming Venture Partners III

Fund Type

Early-Stage Venture Capital

Early-Stage Venture Capital

Early-Stage Venture Capital

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Status

Closed

Closed

Closed

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Amount

$16.85M

$200M

$500M

$99M

$99M

Sources

1

2

1

0

10

Ignition Partners Service Providers

3 Service Providers

Ignition Partners has 3 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

General Counsel

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Service Provider

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Associated Rounds

Provider Type

Counsel

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Service Type

General Counsel

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Partnership data by VentureSource

Ignition Partners Team

14 Team Members

Ignition Partners has 14 team members, including current Chief Financial Officer, Ryan Baker.

Name

Work History

Title

Status

Ryan Baker

Chief Financial Officer

Current

Bob Kelly

Managing Partner

Current

Nicholas Sturiale

Icon Ventures, The Carlyle Group, and Sevin Rosen Funds

Managing Director

Current

Cameron Myhrvold

General Partner

Current

Richard Tong

Founder

Former

Name

Ryan Baker

Bob Kelly

Nicholas Sturiale

Cameron Myhrvold

Richard Tong

Work History

Icon Ventures, The Carlyle Group, and Sevin Rosen Funds

Title

Chief Financial Officer

Managing Partner

Managing Director

General Partner

Founder

Status

Current

Current

Current

Current

Former

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