Pete Chung

We’re thrilled to continue supporting Trunk Tools as they announce their $40M Series B. In just a short time, Sarah Buchner and the team have built something truly remarkable: an AI-native platform purpose-built for the realities of construction. It’s already helping general contractors improve jobsite safety, boost productivity, and navigate the complexity of modern builds. Construction is one of the largest and most operationally challenging industries in the world. Trunk tools is proving that applied AI, when deeply embedded in frontline workflows, can drive real impact where it’s needed most. More on the raise and their vision here: https://lnkd.in/dYmymA5y

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Big things happened in the Techstars network in January: →  8 portfolio companies secured funding →  2 portfolio companies were acquired →  2 portfolio companies combined →  1 new global network partner ➕ U.S.-based rare earths processing startup Phoenix Tailings (Techstars 2020) closes $43M Series B funding round. ➕ Tive (Techstars 2017), a startup developing tech to pinpoint freight shipments in real time, raises $40M Series C. ➕ The Helper Bees (Techstars 2016) raises $35M Series C for home care. ➕ First Ascent Biomedical (Techstars 2021), a personalized oncology drug prediction platform, gets $6M to accelerate lab openings. ➕ Crypto tech startup Dfns (Techstars 2021) raises $16M to increase its workforce and expand in the Middle East. ➕ AI-powered mass tort company Parambil (formerly MedThread; Techstars 2023) announces $2M in pre-seed funding. ➕ Accenture Ventures invests in QuSecure (Techstars 2021) to advance PQC solutions for government and business. ➕ Vessl Prosthetics Inc. Prosthetics (Techstars 2023) secures a pre-seed round to drive innovation in prosthetic solutions. ⭐ Infinite Reality will acquire virtual shopping platform Obsess (Techstars 2017). ⭐ Hook Security acquires Haekka (Techstars 2021), a Slack-first training platform. ⭐ Transmute (Techstars 2018) and mesur.io (Techstars 2018) announce a strategic combination to remove disruption from global supply chains. https://lnkd.in/gn5wJZur 

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Excited to announce our investment in Alta Resource Technologies alongside Leonardo Banchik (Voyager Ventures) with participation from Orion Resource Partners, Overture Ventures, and WovenEarth Ventures. Rare earths are critical in products from magnets to ceramics and it's important for the US to develop its own supply chain. While the US has some of the best rare earth resources, separating them has historically proven expensive and environmentally unfriendly. Alta through it's computationally designed and optimized proteins allows the US to bring back rare earth production with a cleaner, lower capex, and lower opex solution - and that's just the beginning. Congrats to Nathan Ratledge and the entire Alta team. Read more here: https://lnkd.in/gbGnAJn3

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The latest SandHill.io digest just went out with the latest theses & insights from leading VCs. Featuring insights from Slow Ventures, Andreessen Horowitz, Scale Venture Partners, Felicis, Refinery Ventures, Madrona, Wing Venture Capital, Radical Ventures, Battery Ventures, Humba Ventures, Tremont, Euclid Ventures, Dynamo Ventures, Dria Ventures, Highline Beta, Sugar Capital, Theory Ventures, Northside Ventures, Daybreak, Chapter One, Altimeter, NextView Ventures, Precursor Ventures, & Dawn Capital. Full link: https://lnkd.in/e_avJcFq

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Where does consumer VC fit in Seattle’s tech-heavy landscape? On this week’s Sound Investments, I talk with Jason Stoffer, Partner at Maveron, one of the few funds in the Pacific Northwest focused exclusively on consumer. We cover: 🔹 Jason’s path into venture capital 🔹 How Maveron spots breakout consumer brands 🔹 The role of AI in shaping the next wave of consumer opportunities 🔹 Trends in edtech, wellness, and retail If you’re curious about where the next consumer breakthroughs will come from - or how a fund like Maveron thrives in a city dominated by enterprise and cloud - this one’s for you. 🎧 Listen here: https://pod.fo/e/319e2a #VentureCapital #ConsumerTech #Innovation #Seattle #Startups

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