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WestRiver Group

North America, Washington, United States, Kirkland

Description

WestRiver Group is a prominent Seattle-based investment firm, renowned for providing integrated capital solutions across the global innovation economy. The firm employs a flexible investment strategy, deploying capital across multiple asset classes including venture capital, growth equity, and private equity. This multi-stage approach allows WestRiver Group to partner with companies from their early growth phases through to more mature stages, offering tailored financial and strategic support. Founded by Erik Anderson, the firm emphasizes long-term partnerships and an active, hands-on approach with its portfolio companies.

The firm's investment focus spans several high-growth sectors, primarily technology, life sciences, and healthcare, with a growing presence in sports and media. WestRiver Group seeks out innovative companies poised for significant market disruption and sustainable growth. Their portfolio reflects a commitment to backing visionary entrepreneurs and leveraging their extensive network and operational expertise to accelerate company development. They are known for their collaborative style, working closely with management teams to navigate challenges and capitalize on opportunities.

Financially, WestRiver Group has demonstrated substantial capacity and reach. The firm has deployed over $1.5 billion of capital across its various investments, underscoring its significant footprint in the investment landscape. A notable milestone includes the closing of WestRiver Capital II, a $200 million fund, in 2019, further solidifying their ability to support ambitious ventures. This robust financial backing, combined with their strategic insights, positions WestRiver Group as a valuable partner for companies seeking not just capital, but also guidance for scaling and achieving market leadership.

Investor Profile

WestRiver Group has backed more than 45 startups, with 1 new investments in the last 12 months alone. The firm has led 23 rounds, about 51% of its total and boasts 11 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series B, Series C, Seed rounds (top funding stages).
  • Majority of deals are located in United States.
  • Strong thematic focus on Software, SaaS, Biotechnology.
  • Typical check size: $5M – $50M.

Stage Focus

  • Series B (22%)
  • Series C (20%)
  • Seed (16%)
  • Series Unknown (13%)
  • Series D (11%)
  • Series A (7%)
  • Convertible Note (4%)
  • Debt Financing (2%)
  • Pre Seed (2%)
  • Series E (2%)

Country Focus

  • United States (100%)

Industry Focus

  • Software
  • Saas
  • Biotechnology
  • Health Care
  • Medical
  • Information Technology
  • Wellness
  • Life Science
  • Fintech
  • Dietary Supplements
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does WestRiver Group frequently co-invest with?

CA
North America, Massachusetts, United States, Boston
Co-Investments: 2
T. Rowe Price
North America, Maryland, United States, Baltimore
Co-Investments: 2
SR One
North America, Massachusetts, United States, Cambridge
Co-Investments: 2
Sigma Partners
North America, Massachusetts, United States, Boston
Co-Investments: 3
Ignition Partners
North America, California, United States, Los Altos
Co-Investments: 3
Bold Capital Partners
North America, California, United States, Santa Monica
Co-Investments: 5
Quan Capital
Asia, Shanghai, China, Shanghai
Co-Investments: 2
Madrona
North America, Washington, United States, Seattle
Co-Investments: 5
Alumni Ventures
North America, New Hampshire, United States, Manchester
Co-Investments: 2
Khosla Ventures
North America, California, United States, Menlo Park
Co-Investments: 4

Which angels does WestRiver Group often collaborate with?

SB
North America, California, United States
Shared Deals: 1
EM
Europe, England, United Kingdom, London
Shared Deals: 1
BM
North America, California, United States, Los Angeles
Shared Deals: 1
VV
North America, Texas, United States, Dallas
Shared Deals: 1
BN
North America, Illinois, United States, Chicago
Shared Deals: 1
AS
North America, District of Columbia, United States, Washington
Shared Deals: 1
AZ
North America, California, United States, Mountain View
Shared Deals: 1
LL
North America, New York, United States, New York
Shared Deals: 1
BW
North America, California, United States, Palo Alto
Shared Deals: 1
MC
North America, California, United States, San Francisco
Shared Deals: 1

What are some of recent deals done by WestRiver Group?

Viome

Bellevue, Washington, United States

Viome is a provider of comprehensive health insights designed to help people track their gut microbiome health.

Dietary SupplementsHealth CareMedicalWellness
Series DSep 10, 2024
Amount Raised: $25,000,000
Viome

Bellevue, Washington, United States

Viome is a provider of comprehensive health insights designed to help people track their gut microbiome health.

Dietary SupplementsHealth CareMedicalWellness
Series CAug 18, 2023
Amount Raised: $86,500,000
Groopit

Seattle, Washington, United States

Groopit: The AI Problem-Solving Engine

MobileSaaSSoftware
SeedMay 18, 2023
Amount Raised: $3,500,000
Colossal Biosciences

Dallas, Texas, United States

Colossal is a bioscience and genetic engineering company that focuses on de-extinction of past species.

BiotechnologyGeneticsLife Science
Series BJan 31, 2023
Amount Raised: $162,599,950
Viome

Bellevue, Washington, United States

Viome is a provider of comprehensive health insights designed to help people track their gut microbiome health.

Dietary SupplementsHealth CareMedicalWellness
Series COct 15, 2022
Amount Raised: $67,004,494
Talespin

Culver City, California, United States

Talespin is a software company that develops and builds a virtual, augmented, and mixed reality platform.

Artificial Intelligence (AI)Augmented RealityContent Delivery NetworkCorporate TrainingSkill AssessmentSoftwareVirtual Reality
Series COct 12, 2022
QorusDocs

Bellevue, Washington, United States

QorusDocs is cloud-based proposal management software that streamlines RFP responses and automates proposal creation.

Document ManagementInformation TechnologyLegal TechSaaSSoftware
Series UnknownOct 4, 2022
Amount Raised: $10,000,000
CHEQ

Kirkland, Washington, United States

CHEQ is a social payments platform that provides POS services, mobile orders, and peer to peer payments.

FinTechPaymentsSocialSoftware
SeedSep 21, 2022
Amount Raised: $8,000,000
Alladapt Immunotherapeutics

Menlo Park, California, United States

Alladapt Immunotherapeutics is a privately held biopharmaceutical company developing prescription therapeutics targeting food allergy.

Biotechnology
Series UnknownJun 22, 2022
Amount Raised: $119,000,000
Tagboard

Redmond, Washington, United States

Tagboard is a software platform aggregating social media content from multiple networks for end-users, brands and marketers.

ContentContent CreatorsMedia and EntertainmentSaaSSocial MediaSoftwareTV ProductionVideo Streaming
Series AApr 12, 2022
Amount Raised: $2,300,000