TLDR: A new seed fund called Breakwater Ventures has emerged in Seattle to support early-stage software startups. The firm, launched last year, has already raised $10 million for its first fund and is actively investing. Breakwater Ventures aims to fill a gap in first check capital in the Pacific Northwest and will invest in startups across four sectors: data/AI, enterprise, fintech, and marketplaces. Breakwater Ventures has already backed biotech data software company SciSpot.io and credit services startup Upwardli. The firm has raised funds from a mix of past SeaChange investors and new backers.
Introducing Seattle’s Breakwater Ventures: Seed Fund for Promising Startups
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