# Founders' Co-op: portfolio, investments and team

> Founders' Co-op is a vc firm based in United States. 78 investments on record, latest Oct 2019. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/founders-co-op (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Founders' Co-op

Filed with the SEC to raise a fund in Mar 2025, closing $21M. Last cheque observed Oct 2019.

Email

Quiet New fund $21M, Mar 2025 VC firm

Pre-seed Seed Series A Enterprise

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Cheques on record

**0%** of best year **0** **cheques in 12 months**, 78 on record

Since the last cheque **2564** days **00** hrs **00** min **00** sec

Median round **$5.0M** Cheque size, as they say **$1.0M – $3.0M** Rounds led **1 of 78** Sole investor **7 rounds** Exits **13 from the portfolio** Mostly in **United States, 100%**

Pitch Founders' Co-op

## Founders' Co-op highlights

- 01 78 rounds on record
- 02 Mostly Seed and Series A: 87% of its rounds
- 03 Sole investor in 7 rounds, median $500K
- 04 13 exits from the portfolio

## What they do

> THE BEST FIRST-CHECK INVESTOR IN THE PACIFIC NORTHWEST. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $1.0M – $3.0M as they say
- **Stages:** Pre-seed Seed Series A Series B Growth
- **Sectors:** Enterprise
- **Based in:** Seattle, United States
- **Cold pitches:** Accepted

## The record

Every round we can evidence, newest first **78 appearances**

- **2019** 4 rounds
- **Oct** **[Ally](https://millionrounds.com/company/ally)** Series B · US · FinSMEs **$15M** With 3 others
- **Oct** **[Logixboard](https://millionrounds.com/company/logixboard)** Seed · US · FinSMEs **$4.2M** With 6 others
- **Sept** **[Brave Care](https://millionrounds.com/company/brave-care)** Seed · US · TechCrunch **$5.0M** With 5 others
- **May** **[MDMetrix](https://millionrounds.com/company/mdmetrix)** US · GeekWire **$3.0M** *Led*
- **2018** 2 rounds
- **Apr** **[comet.ml](https://millionrounds.com/company/comet-ml)** Seed · US · FinSMEs **$2.3M** With 3 others
- **Apr** **[Stackery](https://millionrounds.com/company/stackery)** US · FinSMEs **$5.5M** With 2 others
- **2017** 3 rounds
- **Oct** **[LevelTen Energy](https://millionrounds.com/company/levelten-energy)** US · FinSMEs **$6.8M** With 5 others
- **Jul** **[BloomAPI](https://millionrounds.com/company/bloomapi)** Seed · US · FinSMEs **$2.4M** With 8 others
- **Feb** **[Jobaline](https://millionrounds.com/company/jobaline)** US · FinSMEs **$3.5M** With 4 others
- **2016** 2 rounds
- **Jul** **[LiveStories](https://millionrounds.com/company/livestories)** Series A · US · FinSMEs **$10M** With 1 other
- **Jan** **[LendUp](https://millionrounds.com/company/lendup)** **$48M** With 28 others
- **2015** 6 rounds
- **Nov** **[Garmentory](https://millionrounds.com/company/garmentory)** Seed · US **$1.3M** Sole investor
- **Aug** **[TrueFacet](https://millionrounds.com/company/truefacet)** Venture · US **$2.7M** With 3 others
- **May** **[CSATS](https://millionrounds.com/company/csats)** Venture · US **$2.5M** With 3 others
- **May** **[Transpose](https://millionrounds.com/company/transpose)** Seed · US **$1.5M** With 2 others
- **Apr** **[Skyward](https://millionrounds.com/company/skyward)** Seed · US **$4.1M** With 6 others
- **Apr** **[LiveStories](https://millionrounds.com/company/livestories)** Seed · US **$1.0M** With 1 other
- **2014** 6 rounds
- **Nov** **[Shippable](https://millionrounds.com/company/shippable)** Series A · US **$8.0M** With 3 others
- **Sept** **[Ghostruck](https://millionrounds.com/company/ghostruck)** Seed · US **$1.2M** With 3 others
- **Sept** **[Apptentive](https://millionrounds.com/company/apptentive)** Series A · US **$5.3M** With 3 others
- **May** **[Jobaline](https://millionrounds.com/company/jobaline)** Series B · US **$7.0M** With 3 others
- **May** **[Smore](https://millionrounds.com/company/smore)** Seed · US **$1.7M** With 3 others
- **Jan** **[Remitly](https://millionrounds.com/company/remitly)** Series A · US **$5.5M** With 5 others
- **2013** 9 rounds
- **Dec** **[Shippable](https://millionrounds.com/company/shippable)** Seed · US · techcrunch.com **$2.0M** With 5 others
- **Jul** **[Meldium](https://millionrounds.com/company/meldium)** Seed · US · pevc.dowjones.com **$1.0M** With 3 others
- **May** **[Tune](https://millionrounds.com/company/tune)** Series A · US **$9.4M** With 1 other
- **May** **[HasOffers](https://millionrounds.com/company/hasoffers)** Series A · US · techcrunch.com **$9.4M** With 1 other
- **Apr** **[Haiku Deck](https://millionrounds.com/company/haiku-deck)** Series A · US · techcrunch.com **$3.0M** With 4 others
- **Mar** **[GlimpzIt](https://millionrounds.com/company/glimpzit)** Seed · US **$1.1M** With 3 others
- **Feb** **[GroupTalent](https://millionrounds.com/company/grouptalent)** Seed · US · techcrunch.com **$1.0M** With 2 others
- **Jan** **[FlexMinder](https://millionrounds.com/company/flexminder)** Series A · US · freshnews.com **$1.4M** With 3 others
- **Jan** **[Tred](https://millionrounds.com/company/tred)** Seed · US · techcrunch.com **$1.7M** With 9 others
- **2012** 10 rounds
- **Dec** **[MobileDevHQ](https://millionrounds.com/company/mobiledevhq)** Seed · US · techcrunch.com **$650K** With 4 others
- **Dec** **[Tindie](https://millionrounds.com/company/tindie)** Seed · US · thenextweb.com **$500K** With 6 others
- **Dec** **[Apptentive](https://millionrounds.com/company/apptentive)** Seed · US · techcrunch.com **$1.2M** With 10 others
- **Nov** **[Vadio](https://millionrounds.com/company/vadio)** Seed · US · gigaom.com **$750K** With 11 others
- **Oct** **[LendUp](https://millionrounds.com/company/lendup)** US · techcrunch.com **Undisclosed** With 11 others
- **Aug** **[Affinity.is](https://millionrounds.com/company/affinity-is)** US **Undisclosed** Sole investor
- **Jul** **[Zipline Games](https://millionrounds.com/company/zipline-games)** Seed · US · techcrunch.com **$2.0M** With 1 other
- **Jul** **[Haiku Deck](https://millionrounds.com/company/haiku-deck)** Seed · US · geekwire.com **$300K** With 2 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **6 named**

AS **Andy Sack** FUND MANAGER, MANAGING MEMBER i Filing they signed

AG **Aniruddha Gadre** FUND MANAGER, MANAGING MEMBER i Filing they signed

AG **Aviel Ginzburg** Director of General Partner i Filing they signed

CD **Chris DeVore** Director of General Partner i Filing they signed

CD **Christopher Devore** FUND MANAGER, MANAGING MEMBER i Filing they signed

RG **Rudy Gadre** Managing Member i Form ADV

We also hold **8** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$317M** gross assets of its funds, 4 advisers combined Oct 2026

**Exempt** reporting adviser venture or small private funds

- **Legal name:** FCV GP LLC
- **SEC number:** CRD 301859

## Exits from the portfolio

Companies it backed that were later bought or listed **13 in all**

**[Tindie](https://millionrounds.com/company/tindie)** Bought by Hackaday **Undisclosed** Aug 2015

**[Meldium](https://millionrounds.com/company/meldium)** Bought by LogMeIn **$15M** Sept 2014

**[MobileDevHQ](https://millionrounds.com/company/mobiledevhq)** Bought by [Tune](https://millionrounds.com/fund/tune) **Undisclosed** Aug 2014

**[SPARQ](https://millionrounds.com/company/sparq)** Bought by [Yahoo!](https://millionrounds.com/fund/yahoo) **Undisclosed** Jan 2014

**[Zappli](https://millionrounds.com/company/zappli)** Bought by Shopzilla **Undisclosed** Jul 2013

**[AppFog](https://millionrounds.com/company/appfog)** Bought by CenturyLink **Undisclosed** Jun 2013

**[Clipboard](https://millionrounds.com/company/clipboard)** Bought by Salesforce **$12M** May 2013

**[Appature](https://millionrounds.com/company/appature)** Bought by [IMS Health](https://millionrounds.com/fund/ims-health) **Undisclosed** Mar 2013

**[Thinkfuse](https://millionrounds.com/company/thinkfuse)** Bought by Salesforce **Undisclosed** Jun 2012

**[The Shared Web](https://millionrounds.com/company/the-shared-web)** Bought by Sailthru **Undisclosed** May 2012

**[Frame](https://millionrounds.com/company/frame)** Bought by Sailthru **Undisclosed** May 2012

**[oneforty](https://millionrounds.com/company/oneforty)** Bought by HubSpot **Undisclosed** Aug 2011

**[Sparkbuy](https://millionrounds.com/company/sparkbuy)** Bought by [Google](https://millionrounds.com/fund/google-assistant-investments) **Undisclosed** May 2011

An exit counts when it came after the firm's first round in the company. From historical deal records.

New fund on file

**$21M**

raised in Mar 2025

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Pre-seed Seed Series A

Median round joined **$5.0M** the round, not its cheque Alone, median **$500K**

Led 1 of 78 rounds **1%**

- **Said size:** $1.0M – $3.0M
- **Sole investor:** 7 rounds
- **Last cheque:** Oct 2019
- **Exits:** 13 from the portfolio

Rounds by stage said on their site

- Seed said *42*
- Series A said *16*
- Venture *5*
- Series B said *4*
- Pre-seed said *-*
- Growth said *-*

Cheques by year Led Joined

2008 2019

Often in the room with

- [Techstars](https://millionrounds.com/fund/techstars) 13
- [Madrona Venture Group](https://millionrounds.com/fund/madrona) 10
- [Social Leverage](https://millionrounds.com/fund/social-leverage) 6
- [Walt Winshall](https://millionrounds.com/fund/walt-winshall) 6
- [Chris DeVore](https://millionrounds.com/fund/chris-devore) 5
- [Geoff Entress](https://millionrounds.com/fund/geoff-entress) 5

**Pitching Founders' Co-op?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as Founders' Co-op. A count of rooms they were both in, not a relationship either has claimed.

[**Techstars** VC firm **13** rounds together](https://millionrounds.com/fund/techstars)[**Madrona Venture Group** VC firm **10** rounds together](https://millionrounds.com/fund/madrona)[**Social Leverage** VC firm **6** rounds together](https://millionrounds.com/fund/social-leverage)[**Walt Winshall** Angel **6** rounds together](https://millionrounds.com/fund/walt-winshall)[**Chris DeVore** Angel **5** rounds together](https://millionrounds.com/fund/chris-devore)[**Geoff Entress** VC firm **5** rounds together](https://millionrounds.com/fund/geoff-entress)[**Todd Warren** Angel **5** rounds together](https://millionrounds.com/fund/todd-warren)[**500 Global** Angel **4** rounds together](https://millionrounds.com/fund/500-startups)[**Alliance of Angels** Angel network **4** rounds together](https://millionrounds.com/fund/alliance-of-angels)[**Andreessen Horowitz** VC firm **4** rounds together](https://millionrounds.com/fund/andreessen-horowitz)[**David Cohen** Angel **4** rounds together](https://millionrounds.com/fund/david-cohen)[**Ignition Partners** VC firm **4** rounds together](https://millionrounds.com/fund/ignition-partners)

## Recently backed

The latest companies Founders' Co-op put money into.

[**Logixboard** $4.2M · Oct 2019](https://millionrounds.com/company/logixboard)[**Brave Care** $5.0M · Sept 2019](https://millionrounds.com/company/brave-care)[**Stackery** $5.5M · Apr 2018](https://millionrounds.com/company/stackery)[**LevelTen Energy** $6.8M · Oct 2017](https://millionrounds.com/company/levelten-energy)[**LendUp** $48M · Jan 2016](https://millionrounds.com/company/lendup)

## Quick answers about Founders' Co-op

### What does Founders' Co-op invest in?

Founders' Co-op invests most often at Seed and Series A (87% of the rounds on record), in sectors such as Enterprise.

### How active is Founders' Co-op?

78 investments on record, 0 of them in the last 12 months, and it led 1. The most recent was in Oct 2019.

### What has Founders' Co-op invested in recently?

Its most recent investments on record: Ally (Series B, Oct 2019), Logixboard (Seed, Oct 2019) and Brave Care (Seed, Sept 2019).

### How big are Founders' Co-op's cheques?

The median round it joins is $5.0M. It says it writes cheques of $1.0M to $3.0M.

### Does Founders' Co-op lead rounds?

Sometimes: it led 1 of its 78 investments on record (1%).

### Where does Founders' Co-op invest?

Most of the companies it backs are in the United States (100%).

### Is Founders' Co-op investing now?

No investments in the last 12 months; the latest was in Oct 2019.

### Who does Founders' Co-op invest alongside?

Most often Techstars (13 rounds together), Madrona Venture Group (10 rounds together) and Social Leverage (6 rounds together).

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