Keiretsu Forum Northwest Announces
$43.5 Million in Funding for 57 Companies in 2015
Angel Funding Network Also Adds 96 New Members in the Northwest
SEATTLE, WA—February 23, 2016—Keiretsu Forum, the world’s largest investment community of private equity (angel) investors, today announced that $43.5 million was raised by 57 promising companies in 2015 through Keiretsu Forum Northwest, now encompassing Seattle, Kirkland, Portland, Boise, Spokane, Tacoma, Victoria and Vancouver BC chapters. Of the 57 funded companies, 35 are from the Northwest region, including Abom, iHealthHome, Kineta, Monitor Mask, OtoNexus and PIA Medical. Investments in 39 of the companies were follow-on rounds and 18 were new investments.
Real estate funds received 31% of the funding, life sciences received 29%, technology companies received 26% and consumer/retail received the remaining 13%. Keiretsu Forum Northwest now has facilitated over $207 million in funding for 318 companies since founding the first Northwest chapter in the fall of 2005. The organization has also seen membership growth with 96 new members added in northwest chapters during 2015.
“In 2015, we saw a significant amount of liquidity coming back into market and it shows in the funding rounds by our discerning investor members. Deal flow for 2016 is strong so far and we expect the funding volumes to continue to grow,” said Sherry Calvert, president of Keiretsu Forum Northwest. “Our Keiretsu Forum Northwest team has also been growing and this has significantly enhanced support for our members, presenting companies and due diligence activities. Collaboration is an important reason we continue to draw intelligent, talented and successful new members from the Northwest region to our organization.”
Keiretsu Forum members enjoy the benefit of collectively screening investments and sharing expertise when evaluating various opportunities, ultimately allowing each member to make their own investment decisions. In addition, by efficiently syndicating the companies receiving the most interest from investors in each of its chapters, Keiretsu Forum members receive access to high-quality deal flow from around the country and even the world.
Keiretsu Forum members also invested over $3.4M through the Keiretsu Capital Co-Investment & Opportunity Fund, which finished its first full year of investing in 2015 with 27 angel co-investments. The fund invests in early stage technology companies that are backed by Keiretsu Forum and other leading angel investing groups around the world.
A complete list of companies that raised funds via Keiretsu Forum Northwest in 2015 is below. (They are linked to their respective websites.)
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Entrepreneurs: Click Here to Apply Online through our new Deal Flow Management System
The word "Keiretsu" stands for a strong collaborative group, the culture in which our forum thrives. Founded in 2000, Keiretsu Forum is the world’s largest angel investor network with over 1,500 accredited investor members throughout 40 chapters on three continents. Keiretsu Forum Members collaborate in the due diligence of presenting companies, but make individual investment decisions with $500m invested in over 700 companies to date ($190+M in Northwest) in technology, consumer products, life sciences, real estate, and other high growth segments. Presenting entrepreneurs consistently find high value in our extensive resources, feedback, mentoring, and funding while Investor Members enjoy well-screened, quality deal flow, group mindshare in evaluating deals, and association in a powerful, intelligent group of professionals. Additionally, the Keiretsu Forum community is strengthened through angel investor education events, social opportunities, and charitable giving. Overall, Keiretsu Forum provides entrepreneurs and investors with an active, credible marketplace for deals to get done.
Our goal is to fund great companies. Each month, our seven Forums throughout the Northwest (Seattle, Kirkland, Portland, Victoria, Vancouver B.C., Spokane, and Boise) feature four carefully selected startup companies with 25-minute presentations plus 2-3 past presenting companies with shorter update presentations. Companies vary in industry, each company is usually seeking funding between $250K and $2 million, and Q & A sessions are part of each presentation. After all presentations, presenters leave the room and the remaining group of Keiretsu Investor Members spend 30 minutes discussing pro's and con's of each company as well as potential issues to address in the due diligence process. At the end, presenting companies return to the room for a final short round of questions. Often it is very interesting to be in a room with many successful, insightful investors from such diverse backgrounds interacting with truly unique startup companies and their CEO's.
Check out pics from a few of Keiretsu Forum's social events from this past year, including our recent Victory Party in recognition of our growth and accomplishments, winter holiday festivities, Mariners games, and our Annual Summer Family Picnic! A calendar of our upcoming events is available on our Events Page.