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Angel Investor (Group)
seachange.fund

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Investments

23

Portfolio Exits

2

Funds

6

About SeaChange Fund

The Seattle Angel Fund is focused on investments in Pacific Northwest growth-oriented start-up companies. SAF aims to drive economic growth and prosperity through excellent investment opportunities for investors and continuous and valuable support of portfolio companies.

SeaChange Fund Headquarter Location

7985 145th Ave SE

Newcastle, Washington, 98059,

United States

206-849-7244

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Latest SeaChange Fund News

Tech Moves: Remitly CFO will step down; OfferUp hires former Kellogg exec; and more

May 6, 2022

Tech Moves: Remitly CFO will step down; OfferUp hires former Kellogg exec; and more May 6, 2022 at 8:07 am Share Tech Moves covers notable hires, promotions and personnel changes in the Pacific NW tech community. Submissions: tips@geekwire.com Susanna Morgan. (Remitly Photo) —  Susanna Morgan is stepping down as CFO of Remitly. Morgan joined the Seattle-based digital remittance company in 2018, following finance exec roles at Apptio, Concur, and Vertafore. Remitly announced Morgan’s departure as part of its f irst quarter earnings report . The company, which went public last year, said Morgan will step down later in 2022 and continue in an advisory capacity until Sept. 30. Remitly is using an executive search firm to find a replacement. — Rishi Padhi , former vice president and general manager of e-commerce at Kellogg, joined OfferUp as vice president and head of marketing. Padhi spent three years at Kellogg and oversaw e-commerce strategy for North America. He also founded an online subscription-based grocery marketplace called PantryPerks and was a director at eBay, one of OfferUp’s competitors. Founded in 2011, Bellevue, Wash.-based OfferUp runs a marketplace for used goods. The company landed a former Booking.com director and other notable executives from Amazon and T-Mobile last year . OfferUp currently ranks No. 6 on the GeekWire 200 index of the fastest-growing startups in the Pacific Northwest. — Adam Coccari , former operating partner of Microsoft’s venture fund, joined SeaChange Fund as managing partner. Coccari previously worked at Microsoft for more than seven years where he oversaw M12, Microsoft’s venture fund. Coccari also worked on cloud infrastructure as a manager at Azure. SeaChange Fund is a venture capital firm that backs early-stage startups based in the Pacific Northwest. SeaChange Fund’s portfolio includes Factal, a breaking news startup , Vouched, an ID verification software solution , and Spiral Genetics, a woman-led DNA analysis startup . Message from the Underwriter TalentReach is Seattle’s top recruiting firm, specializing in engineering and sales recruitment for tech companies. Our team has unmatched industry experience and is a pioneer of Recruiting-as-a-Service. We invest in relationships with both candidates and employers to build better teams. Talent is your company’s most valuable asset. Invest in the best. Learn more here.

SeaChange Fund Investments

23 Investments

SeaChange Fund has made 23 investments. Their latest investment was in 60Hertz Energy as part of their Seed VC - II on May 5, 2021.

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SeaChange Fund Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/19/2021

Seed VC - II

60Hertz Energy

$1.3M

Yes

4

1/13/2021

Seed VC

Secure

$3.5M

Yes

4

12/31/2020

Seed VC

Yesler

$3.3M

Yes

3

10/1/2020

Seed - II

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$99M

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10

9/29/2020

Seed VC

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$99M

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10

Date

5/19/2021

1/13/2021

12/31/2020

10/1/2020

9/29/2020

Round

Seed VC - II

Seed VC

Seed VC

Seed - II

Seed VC

Company

60Hertz Energy

Secure

Yesler

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Amount

$1.3M

$3.5M

$3.3M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

4

4

3

10

10

SeaChange Fund Portfolio Exits

2 Portfolio Exits

SeaChange Fund has 2 portfolio exits. Their latest portfolio exit was Cardiac Insight on March 16, 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

3/16/2022

Acquired

1

11/6/2018

Acquired

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10

Date

3/16/2022

11/6/2018

Exit

Acquired

Acquired

Companies

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Valuation

Acquirer

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Sources

1

10

SeaChange Fund Fund History

6 Fund Histories

SeaChange Fund has 6 funds, including Seachange Fund VI.

Closing Date

Fund

Fund Type

Status

Amount

Sources

5/21/2020

Seachange Fund VI

$1.11M

1

1/21/2020

SeaChange Fund V

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$99M

10

6/7/2018

SeaChange Fund IV

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$99M

10

6/12/2017

Seattle Angel Fund III

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$99M

10

1/24/2017

Seattle Angel Fund II

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$99M

10

Closing Date

5/21/2020

1/21/2020

6/7/2018

6/12/2017

1/24/2017

Fund

Seachange Fund VI

SeaChange Fund V

SeaChange Fund IV

Seattle Angel Fund III

Seattle Angel Fund II

Fund Type

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Status

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Amount

$1.11M

$99M

$99M

$99M

$99M

Sources

1

10

10

10

10

SeaChange Fund Team

2 Team Members

SeaChange Fund has 2 team members, including current Investment Partner, Jonathan Kagle.

Name

Work History

Title

Status

William Finney

Founder

Current

Jonathan Kagle

Seattle Angel Conference, and Microsoft

Investment Partner

Current

Name

William Finney

Jonathan Kagle

Work History

Seattle Angel Conference, and Microsoft

Title

Founder

Investment Partner

Status

Current

Current

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