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Pioneer Square Labs

Pioneer Square Labs

Pioneer Square Labs is a microventure capital firm based in Seattle, Washington that focuses on seed and incubation investments of firms.

OverviewStructured DataIssuesContributors

Contents

psl.com
Is a
Company
Company
Investor
Investor
Venture capital firm
Venture capital firm
Organization
Organization

Company attributes

Industry
Small- and medium-sized enterprises
Small- and medium-sized enterprises
Startup
Startup
Investment
Investment
Business development
Business development
Venture capital
Venture capital
Startup studio
Startup studio
Wealth management
Wealth management
Location
United States
United States
Seattle
Seattle
B2X
B2C
B2C
Founder
Mike Galgon
Mike Galgon
Greg Gottesman
Greg Gottesman
Geoff Entress
Geoff Entress
Ben Gilbert
Ben Gilbert
Julie Sandler
Julie Sandler
AngelList URL
angel.co/pioneer-square-labs
Pitchbook URL
pitchbook.com/profiles...124275-25
Legal Name
Pioneer Square Labs, Inc.
Subsidiary
PSL Ventures
PSL Ventures
Legal classification
Company
Company
Spinout
Joon
Joon
Boundless (company)
Boundless (company)
Genba
Genba
LumaTax
LumaTax
gradient.io
gradient.io
Attunely
Attunely
Remarkably
Remarkably
Shujinko
Shujinko
...
Spun Out From
Dance Church
Dance Church
Number of Employees (Ranges)
11 – 50
Email Address
hello@psl.com
Phone Number
+12062022227
Full Address
240 2nd Ave S., Ste 300, Seattle, WA 98104, US
Investors
Scott Dorsey
Scott Dorsey
Glassdoor
Glassdoor
ARCH Venture Partners
ARCH Venture Partners
Founders' Co-op
Founders' Co-op
Menlo Ventures
Menlo Ventures
Maveron
Maveron
Ryan Holmes
Ryan Holmes
Foundry Group
Foundry Group
...
Founded Date
2018
Total Funding Amount (USD)
27,500,000
Latest Funding Round Date
January 2018
CFO
Julie Sandler
Julie Sandler
Also Known As
PSL
Latest Funding Type
Series B
Series B
Patents Assigned (Count)
1
Wellfound ID
pioneer-square-labs

Venture Capital Firm attributes

Invested in
‌
Canotic
Glow Technologies
Glow Technologies
gradient.io
gradient.io
NextStep Interactive
NextStep Interactive
Boundless (company)
Boundless (company)
JetClosing, Inc.
JetClosing, Inc.
Archera
Archera
Cash (company)
Cash (company)
...
Blog
psl.com/news

Other attributes

Company Operating Status
Active
Latest Signed Investment Fund Date
March 4, 2021
Total Offering Amount (USD)
134,095,000
Vimeo Channel URL
vimeo.com/user53921365
Wikidata ID
Q43082944

Pioneer Square Labs (PSL) is a microventure capital firm and startup studio based in Seattle, Washington that focuses on seed and incubation investments of firms. Founded 2018, the company invests in seed and early stage companies and works to create and launch technology startups. PSL's studio develops ideas internally, builds products, conducts customer validation, and recruits entrepreneurs, technologists, and designers to serve as founders of spin-out companies. To achieve this, the company employs engineers, data scientists, designers, digital marketers, and business analysts to help validate new ideas and work with founders to launch companies.

Studio

PSL's studio works to help entrepreneurs to build venture-fund companies with a focus on rapid customer adoption. To achieve this, PSL offers early investment, as well as the following services for investors:

  • Market research
  • Concept validation
  • Engineering
  • Data Science
  • Go-to-Market
  • Visual and UX design
  • Product management
  • Recruiting
  • Fundraising
  • Marketing
  • Company formation
  • Finance
  • Operations
  • Legal and human resources

After early development, PSL Studio spins the company out while continuing to offer services and financing to help the company continue to grow. And to increase funding, PSL Studio works with venture firms that have previously invested in Pioneer Square Labs.

Through the Studio, PSL spun out twenty-five companies in its first five years, including over six in a six-month span during the COVID-19 pandemic. The company's spinout represents around 15 percent of early-stage technology companies that have raised capital in the Washington state. The company's studio focuses on the Pacific Northwest and seeks to increase the startups coming out of the Pacific Northwest. Pioneer Square Labs raises equity funding from other venture capital firms to build out its platform.

Ventures

The other foundation of Pioneer Square Labs is the company's Ventures, which is the investment in early-stage companies that the company feels have the opportunity to develop into market-defining companies. For companies that PSL invests in, they offer the experience of the PSL's members as well as the ecosystem the company is developing, to allow companies that PSL is investing in to work with companies coming out of PSL's Studio program, and vice versa.

Through PSL Ventures, the company invests in technology-driven, early-stage companies with a focus on the Pacific Northwest and a preference to lead or co-lead pre-seed, seed, and Series A investment rounds. The company does not tend to invest in biotechnology, energy, or pharmaceutical companies. Rather, the focus is on companies working on technologies such as machine learning, artificial intelligence, voice, and cloud computing.

The PSL Ventures program began with raising an $80 million venture fund in April 2018, which was intended to help Pioneer Square Labs to invest in startups that did not necessarily fit into the company's Studio model, but it wanted to invest in regardless.

Timeline

No Timeline data yet.

Associated Investment Funds

Accelerator Batches

Funding Rounds

Products

Acquisitions

SBIR/STTR Awards

Patents

Funding Rounds Participated In

Further Resources

Title
Author
Link
Type
Date

Pioneer Square Labs is invigorating Seattle's startup ecosystem

Kate Clark

https://techcrunch.com/2019/03/06/pioneer-square-labs-is-invigorating-seattles-startup-ecosystem/

Web

March 6, 2019

Pioneer Square Labs raises $100M fund for venture arm to back more Pacific Northwest startups

Taylor Soper

https://www.geekwire.com/2021/pioneer-square-labs-raises-100m-fund-venture-arm-back-pacific-northwest-startups/

Web

March 4, 2021

Pioneer Square Labs Raises $15 Million to Scale Successful Startup Studio

https://www.businesswire.com/news/home/20180118006354/en/Pioneer-Square-Labs-Raises-15-Million-to-Scale-Successful-Startup-Studio

Web

January 18, 2018

Startup studio Pioneer Square Labs raises $80M fund, aims to 'flip VC model on its head' in Seattle

Taylor Soper

https://www.geekwire.com/2018/startup-studio-pioneer-square-labs-raises-80m-fund-aims-flip-vc-model-head-seattle/

Web

April 17, 2018

References

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