Investments
30Portfolio Exits
4Funds
1Service Providers
1About W Fund
The W Fund is an early-stage venture fund that aims to invest approximately $20 million over the next four years in promising start-ups spinning out of the University of Washington and other research institutions across the state. The Fund demonstrates the commitment of the region's business leaders and investment community to leverage Washington's research strength to drive the state's innovation economy by spurring the creation of jobs and tax revenue, and attracting investment capital into Washington. The W Fund will help the most promising research and student-generated start-ups clear that hurdle, gain traction more quickly, and reach venture-fundable milestones. The spin out of many more companies from these institutions will provide prospects for investors, grow the Washington State economy, create good jobs, increase the tax base, and attract new investment capital into the state.
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Latest W Fund News
Jan 13, 2023
The funding round included participation from existing investors Alitheia IDF and Golden Palm. ASC VC, Octerra, Cauris, Senegal’s Wuri Ventures, Seed9, The MBA Fund, W Fund, and family offices are among recent investors, along with French development organization Proparco through the Digital Africa Bridge Fund. Founded in Tema, Ghana, Jetstream Africa is an e-logistics business that serves 14 African nations. Pre-financed logistics, the company’s flagship product, enables companies to quickly reserve and track door-to-door logistics, financing, insurance, and other trade support services online. According to co-founder and CEO Miishe Addy, “with this fundraising round, we are delighted to leverage our technology to mirror our clients’ data back to them in the form of business insights, so they may trade more profitably.” Co-founder and managing partner of Alitheia IDF Tokunboh Ishmael expressed her company’s pride in working with Jetstream to usher in a daring new future for Africa. According to Ishmael, “this round of funding helps Jetstream’s expansion to new markets that capitalize on trade policies like AfCFTA, enabling richer intra-continental trade that is necessary to enable inclusive economic development and unleash the continent’s full potential.” The funding will go toward expanding Jetstream’s operations into new countries and improving the company’s technological platform, which brings together in one place the disparate financing and logistical providers who facilitate commerce throughout Africa’s 54 countries. Read more on Tech Gist Africa:
W Fund Investments
30 Investments
W Fund has made 30 investments. Their latest investment was in NEL as part of their Series A on March 3, 2023.
W Fund Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
3/2/2023 | Series A | NEL | $0.04M | Yes | 1 | |
12/15/2022 | Series B | Paytner | Yes | 1 | ||
11/15/2022 | Seed VC | FOOVEST | Yes | 2 | ||
11/4/2022 | Series A | |||||
10/27/2022 | Seed VC |
Date | 3/2/2023 | 12/15/2022 | 11/15/2022 | 11/4/2022 | 10/27/2022 |
|---|---|---|---|---|---|
Round | Series A | Series B | Seed VC | Series A | Seed VC |
Company | NEL | Paytner | FOOVEST | ||
Amount | $0.04M | ||||
New? | Yes | Yes | Yes | ||
Co-Investors | |||||
Sources | 1 | 1 | 2 |
W Fund Portfolio Exits
4 Portfolio Exits
W Fund has 4 portfolio exits. Their latest portfolio exit was Athira Pharma on September 18, 2020.
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 |
|---|---|---|---|---|---|
9/18/2020 | IPO | Public | 1 | ||
Date | 9/18/2020 | |||
|---|---|---|---|---|
Exit | IPO | |||
Companies | ||||
Valuation | ||||
Acquirer | Public | |||
Sources | 1 |
W Fund Fund History
1 Fund History
W Fund has 1 fund, including The W Fund.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
The W Fund | Early-Stage Venture Capital | Open | 1 |
Closing Date | |
|---|---|
Fund | The W Fund |
Fund Type | Early-Stage Venture Capital |
Status | Open |
Amount | |
Sources | 1 |
W Fund Service Providers
1 Service Provider
W Fund 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
W Fund Team
1 Team Member
W Fund has 1 team member, including current Founder, Kate Brodock.
Name | Work History | Title | Status |
|---|---|---|---|
Kate Brodock | Talent Tech Labs, untapt, and Forbes.com | Founder | Current |
Name | Kate Brodock |
|---|---|
Work History | Talent Tech Labs, untapt, and Forbes.com |
Title | Founder |
Status | Current |
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