WestRiver Group
920 5th Ave Ste 3450, Seattle, Washington, 98104, United States
Overview
WestRiver Group is an investment firm that provides integrated capital solutions to the global innovation economy. The firm has investment platforms focusing on the technology, life science, energy, and experiential sectors, with the flexibility to invest in a variety of asset classes and capital structures. WRG’s established network of partners provides access to investment opportunities and thought leadership, and deep operational expertise allows it to work closely with portfolio companies and lead at the executive and board level. WestRiver Group was established in 2002 and is based in Kirkland, Washington, United States. WestRiver Group has adopted the Diversity Term Sheet Rider.
- Total investments
- 28
- Lead investments
- 16
- Investments · 12mo
- 0
- Active investors
- 2
Sector focus
- Energy
- Financial Services
- FinTech
- Life Science
- Sharing Economy
- Venture Capital
Investment portfolio
- Viome Life Sciences
Participated · Series C · Aug 2023
Viome Life Sciences, based in Bellevue, WA and led by Founder and CEO Naveen Jain, focuses on longevity and preventative healthcare. The company leverages AI and algorithms to analyze gene expression data from over 600,000 samples to power at-home tests and personalized recommendations. Its product lineup includes custom-formulated supplements unique to each individual, personalized biotic blends for gut health, and oral biotic lozenges for oral microbiome health. Viome intends to deploy new capital toward research and development and retail expansion. Financially, it has raised a total of $175M to date after closing an $86.5M Series C. Investors in the most recent round include Khosla Ventures, Bold Capital, WRG Ventures and others. Viome Life Sciences is a Bellevue, WA-based systems biology company that uses biological data to help individuals improve their health. The company positions itself around systems-biology approaches to personalized health. Public reporting emphasizes its aim to translate biological insights into health-improvement offerings. Financially, Viome has been an active fundraiser, most recently securing a $54M pre-Series C convertible round. This follows a $56M Series B announced in November 2019 and brings total funding to date to over $125M. Returning and new investor participation has supported its continued operations and product development efforts.
- Groopit
Led · Seed · May 2023
Groopit provides an enterprise SaaS platform that makes it easy to crowdsource insights from frontline employees and use that data to solve complex problems. Front-line employees share real-time data through a single workflow, enabling faster decision-making across teams. The platform integrates with existing enterprise systems, including Microsoft Teams, Slack, and Salesforce, to surface real-time insights for leaders. Customers named in the article include The Home Depot, Guidant Financial, and Stuckey’s, which use Groopit to accelerate revenue growth and improve customer experiences. The company plans to use the new funding to expand operations and broaden its business reach. Groopit was co-founded in 2018 by Tammy Savage and John Vert and is based in Seattle, WA. Groopit provides a crowdsourced field-data platform that combines data collection and real-time sharing into a lightweight workflow for frontline employees and managers. The product is customizable for individual businesses, works across mobile and web, and can surface data into other tools like CRMs and collaboration platforms. Example use cases include retail teams taking photos, noting in-store locations, rating merchandising, and capturing competitor SKUs to give executives timely operational insight. The company launched in 2018 and released its first product at the end of 2020. Groopit has 18 employees and currently does not plan to hire additional people. Financially, the startup has raised $3.1 million since inception, including the newly announced $2 million pre-seed round.
- Colossal Biosciences
Participated · Series B · Jan 2023
Colossal Biosciences focuses on applying AI to biological questions, including predicting how biological systems fail or break. The company is co-founded by Ben Lamm and has been associated publicly with figures such as George Church, Beth Shapiro, and Adam Milne. Financially, Colossal announced a $20 million financing at a $3.8 billion valuation. The recent capital raise is described as supporting its AI initiatives. The provided articles do not include revenue, user, or other operating metrics, nor do they state the company's founding year or location.
- QorusDocs
Led · Equity · Oct 2022
QorusDocs is a Bellevue, WA-based company that provides AI-powered proposal development software automating the creation of strategic sales responses. The platform leverages Natural Language Processing to scan RFP questions and select the most important and relevant answers, producing personalized, on-brand, error-free proposals with content proven to improve win rates. Led by CEO Ray Meiring, QorusDocs integrates with Salesforce and Microsoft and has established partnerships with Highspot and Intapp. These integrations and partnerships expand the company's presence into industries including law, accounting, management consulting, and IT services. The company raised $10M in funding and intends to use the proceeds to address customer demand in growing verticals such as legal, IT services, and staffing. Qorus Software is a Cape Town, South Africa–based provider of document automation solutions for Microsoft Office and SharePoint. Led by CEO and founder Ray Meiring, the company adds automation functionality to SharePoint, Word and PowerPoint to dynamically merge data from SharePoint lists, CRM systems and other enterprise systems into templates. Its technology is used to create customized documents such as sales proposals, financial reports, insurance policies, legal contracts and sales presentations more efficiently. Qorus is a Microsoft Partner and opened an office in London in 2012; it now services customers in South Africa, the United Kingdom, Canada and the United States. Customers include Great-West Life, Hart Industries, EDF Trading, Generali International, Southeast Alabama Medical Center and others. The company secured a minority equity investment from Horizon Equity Partners and intends to use the funds to expand sales and marketing for a formal entry into the North American market and to increase its UK presence.
- Cheq
Led · Seed · Sep 2022
Cheq, Lifestyle Technology, Inc. offers a social payments platform that combines universal ordering and mobile payment capabilities for the restaurant and hospitality industry. Its app allows guests to place orders and pay from their phones, while also enabling users to send food and drinks to friends anywhere in the world. Any restaurant, café, bar, hotel, or stadium can integrate Cheq to streamline transactions and enhance guest experiences. The company has already secured agreements with prominent sports organizations including the Miami Marlins, Miami Dolphins, Washington Commanders, Tennessee Titans, and the University of Washington Huskies. Seed financing will be directed toward onboarding additional venues in key U.S. markets. Cheq is led by CEO Thomas Lapham and is headquartered in Kirkland, Washington.