United States

Seattle #9

Attraction Phase

Founders appreciate the dynamic world-class tech ecosystem Seattle offers. We're generous leaders in AI, Cloud, IoT, Robotics, Big Data, Fintech, Biotech, VR/XR, and more for you to connect with.

Brett Greene
CEO and Founder of New Tech Northwest

Sub-sector Strengths

AI, Big Data & Analytics

Google invested $10.5 million in AI marketplace Algorithmia. Apple is expanding its Seattle AI hub. Icertis, an enterprise management software, raised $75 million in 2019 and joined the unicorn club at a $1.15 billion valuation. In 2018, Intel acquired deep learning startup Vertex.AI, and the Allen Institute for Artificial Intelligence hired Yejin Choi, a UW professor, to research AI under Project Alexandria—backed by $125 million from the late Microsoft co-founder Paul Allen.

Life Sciences

The primary care and family medicine programs at the University of Washington have consistently topped the U.S. News & World Report rankings. Seattle is home to biotech companies like Adaptive Biotech, Trubion, and ZymoGenetics and the headquarters of major investors including the Bill & Melinda Gates Foundation and PATH. Silverback Therapeutics, developer of ImmunoTAC therapies raised $78.5 million in March 2020. Impel NeuroPharma, a medical device startup, raised $67.5 million in 2018.

Why you should invest in Seattle

TOTAL EARLY STAGE FUNDING
$1.5 bn
GLOBAL AVG.
$431 m
ECOSYSTEM VALUE
$30 bn
GLOBAL AVG.
$10.5 bn
Top 10 Global Ecosystem
Performance
Top 15 Global Ecosystem
Talent
5
Exit Growth
INDEX
10
Investor Activity
INDEX
6
Funding Growth
INDEX

Reasons to move your startup to Seattle

MEDIAN SEED ROUND
$1200 k
GLOBAL AVG.
$494 k
MEDIAN SERIES A ROUND
$4.6 m
GLOBAL AVG.
$2.7 m
SOFTWARE ENGINEER SALARY
$101 k
GLOBAL AVG.
$42.1 k

Startup Genealogy

Founders can draw on legacy experience. Microsoft and Amazon, both headquartered in the Seattle region, have been the source of numerous spinoff companies directly (such as Expedia) and indirectly (such as Twilio). Together with spinoffs from the University of Washington, this record has given the region a rich genealogy of startups that become scaleups, begetting more startups.

COVID-19 Policy

To support small businesses financially impacted by COVID-19, the City of Seattle committed $2.5 million in federal Community Development Block Grants (CDBG) to the first round of the Small Business Stabilization Fund. 250 eligible small businesses will be selected through a lottery and be awarded $10,000.

Startup Community

Startup Genome
Partners

ARI
Alliance of Angels
Angel Resource Institute
Fledge
Lighter Capital
MS Accelerator
Microsoft Ventures
Microsoft for Startups
New Tech Northwest
SURF Incubator
Seattle Angel Conference
Seven Peaks Ventures
Startup Grind
Startup Seattle
Techstars
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