Pacific Northwest startups on GeekWire’s Q1 2024 list raised more than $433 million in total, led by Seattle biotech company ProfoundBio’s $112 million round and restaking startup EigenLayer’s $100 million raise. The list, published April 12, 2024, is a historical roundup ranked by disclosed funding amount—not a current-quarter ranking or a complete, independently audited regional dataset.
Top 10 Pacific Northwest startup funding deals in Q1 2024
The table follows GeekWire’s published descending order. Its regional scope includes Seattle and the broader Pacific Northwest, including Vancouver, British Columbia. Amounts and company descriptions reflect the publication’s reporting; where the article did not state an announced use for the funds, that is noted rather than inferred.
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| Rank | Company | Funding | Location and business | Reported purpose or context |
|---|---|---|---|---|
| 1 | ProfoundBio | $112 million | Seattle biotech developing drugs for ovarian and endometrial cancers | Raised in February. Two months later, Danish drugmaker Genmab announced a $1.8 billion deal to acquire the company. |
| 2 | EigenLayer | $100 million | Restaking startup founded by Sreeram Kannan, a former University of Washington professor | Raised from Andreessen Horowitz in February. |
| 3 | Pandion | $41.5 million | Seattle e-commerce and residential parcel-delivery startup founded by former Amazon and Walmart executive Scott Ruffin | The March-announced investment was intended to support more sortation centers and geographic expansion. GeekWire said its delivery system covered 80% of U.S. homes. |
| 4 | Oleria | $33 million | Seattle cybersecurity startup whose software helps companies prevent and respond to breaches | Led by CEO Jim Alkove, formerly Salesforce’s chief trust officer. A specific use for this round was not stated in GeekWire’s article. |
| 5 | Interlune | $18 million | Space startup | Announced the funding while unveiling plans for a robotic harvester intended to extract helium-3 from lunar soil and return it to Earth. GeekWire noted potential applications including quantum computing and fusion power. |
| 6 | Betadapp | $17 million | Vancouver, British Columbia, company developing music-industry fraud detection technology | Raised the capital in January. |
| 7 | Recurrent | $16 million | Seattle startup providing used-electric-vehicle battery analytics and health scores | Its scores appeared on Edmunds.com and Cars.com. The company announced the funding in January. |
| 8 | Avante | $10 million | Seattle startup focused on workforce health | Announced a seed round in January. Its tagline described a goal of “empowering a healthier workforce and a healthier bottom line.” |
| 9 | Symbiosys | $9 million | Advertising technology startup helping retailers sell off-site ads | Raised a Series A in January. The ads can appear in channels such as Google search or Instagram. |
| 10 | Digs | $7 million | Collaboration platform for builders and homeowners | Its tools include document organization, communication features, and 3D digital home models. The round was announced in January. |
GeekWire’s April 12, 2024 roundup is the source for the ranking, amounts, company descriptions, and reported deal context.
What the Q1 2024 total says—and what it does not
GeekWire reported that tech startups in Seattle and the Pacific Northwest raised more than $433 million in Q1 2024, based on its funding list. It said the total was down 30% from Q4 2023 and slightly higher year over year. That figure is the publication’s roundup total, not an independently audited measure of every regional transaction. The article does not provide a complete quarterly dataset or a reproducible ranking method, so the ten entries should be read as GeekWire’s published list rather than a definitive census of all deals.
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For broader market context, GeekWire cited the PitchBook-NVCA Venture Monitor in reporting that U.S. quarterly venture deal value had fallen to its lowest level since 2018. It also quoted NVCA CEO Bobby Franklin: “The venture capital business cycle effectively reset in recent years, and as of early 2024, it still appears to be searching for its level.” PitchBook CEO John Gabbert said: “Investor expectations and benchmarks have increased for deals, leading to fundamentally strong companies attracting investment, while those unable to achieve the growth and profitability characteristics expected by today’s VCs are struggling to find capital.” These comments frame the market in early 2024; they do not establish why any particular company on the list raised money.
Why ExtraHop’s $100 million raise is not on the list
GeekWire explicitly excluded Seattle cybersecurity company ExtraHop’s $100 million January raise. Its stated rationale was that ExtraHop had been founded 17 years earlier and was acquired in a private-equity deal in 2021. The omission reflects the roundup’s startup-focused editorial criteria, rather than a claim that the raise did not happen.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.Later figures are a different snapshot
Later regional funding statistics should not be confused with or substituted for the Q1 2024 list:
- Seattle area, Q1 2026: GeekWire reported about $1.5 billion across 69 deals, citing the PitchBook-NVCA Venture Monitor, and said deal count was at its lowest since mid-2020. See GeekWire’s Q1 2026 report.
- British Columbia, Q1 2026: CVCA reported 21 venture deals totaling $356.7 million and identified Vancouver-based Reverb Therapeutics’ $17 million seed round as a notable transaction. See CVCA’s Q1 2026 report.
The 2026 figures cover different periods and geographies: a Seattle-area quarter and a province-wide Canadian quarter, respectively. They are not directly comparable with GeekWire’s broader Pacific Northwest Q1 2024 roundup.
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