PSL Ventures Raises $80M for Maiden Venture Capital Fund

Seattle, WA-based startup studio and venture capital firm Pioneer Square Labs has launched an $80m fund that invests in early-stage technology companies.

Backed by limited partners including charitable foundations, institutional investment firms, funds of funds, and world-renowned technology industry executives and founders, PSL Ventures will look to lead and participate in pre-seed, seed, and Series A investments in companies founded by entrepreneurs all over the Pacific Northwest and participate in financings of spinouts from PSL’s affiliated startup studio.

The fund is affiliated with PSL’s existing studio, which works with local entrepreneurs to launch venture-scale technology companies.
The closure of this first fund for PSL Ventures follows a $15m round led in January by Foundry Group in PSL Studio, which has raised $27.5m to date from over a dozen U.S. venture capital funds and over 50 angel investors.
PSL’s studio team of engineers, data scientists, designers, and marketers will also actively support the management teams of PSL Ventures portfolio companies.

PSL Ventures is led by four managing directors:
– Greg Gottesman, former managing director of Madrona Venture Group and co-founder of;
– Julie Sandler, former partner of Madrona Venture Group and former Amazon product manager;
– Mike Galgon, co-founder and Chief Strategy Officer of aQuantive and longtime angel investor; and
– Geoff Entress, former venture partner of Voyager Capital and Madrona Venture Group, and Northwest angel investor.



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