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Pioneer Square Labs raises $100M fund for venture arm to back more Pacific Northwest startups

The Pioneer Square Labs leadership team, from left to right: Palvi Mehta, Mike Galgon, Greg Gottesman, T.A. McCann, Julie Sandler, Ben Gilbert, David Zager, and Geoff Entress. (PSL Photo)

Seattle-based Pioneer Square Labs has raised $100 million for its second fund. It marks a key milestone for the 5-year-old firm and shows investor confidence in its unique model that combines a startup studio with a venture capital fund.

Fund II: PSL planned to raise $80 million but had more demand from existing institutional investors. It also added new backers and deliberately aimed to diversify its limited partner base for

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