Founders’ Co-op
Seattle, WA-based pre-seed / seed venture fund. Pacific Northwest emphasis; first-check positioning. Founded 2008.
Snapshot
- Founded: 2008
- HQ: Seattle, WA
- Founding Managing Partner: Chris DeVore
- General Partner (since 2018): Aviel Ginzburg (joined 2015; formerly co-founder of Simply Measured; ex-Managing Director Amazon’s Alexa Accelerator 2017–2020)
- Fund history:
- Fund III: $25M (2018)
- Fund V: $50M (2021)
- Fund VI: $50M (announced 2025)
- Stage: Pre-product / pre-revenue first-check
- Geographic mandate: ~80–90% Pacific Northwest founders
- Notable past portfolio: Remitly, Outreach, Auth0
- Operating context: Now based inside Foundations, a Seattle entrepreneurial hub Ginzburg founded.
Strategic Positioning
Per Founders’ Co-op: “to be the best first-check investor in their chosen market, not to grow their AUM and wind up competing with the money-center investors their founders need for the next leg of the journey.”
Implication: deliberately small fund size (~$50M); long-tenured GP relationships; PNW-network density.
Ravenna Relevance
- Co-investor in Ravenna’s $15M pre-seed + seed (Apr 2025) alongside Madrona (lead) and Khosla Ventures.
- Public quote (Aviel Ginzburg): “Taylor and Kevin embody everything that we look for at Founders’ Co-op: technical founders who are obsessed with building the best product possible and unafraid of gnarly challenges.”
- Likely the pre-seed first-check; the larger Madrona/Khosla checks landed at the priced seed. ^[inferred]