---
title: "22 SaaS Investors in Washington (Nov 2026): 20 in Seattle"
last_updated: "2026-11-06"
rows: "22"
free_rows: "11"
source: "SEC filings"
canonical: "https://theinvestordatabase.com/lists/saas-investors-in-washington/"
---

# 22 SaaS investors in Washington, including 20 in Seattle

We list 22 SaaS investors in Washington as of November 2026: each has an SEC filing on file, and the list was last checked on 6 Nov 2026. The cities with the most head offices on this list are Seattle (15), Bellevue (4) and Sammamish (1). 20 of the 22 are in the Seattle metro area, so this page is also our list of SaaS investors in Seattle.

- 22 investors
- 8 with a fund filing or dated deal in the last 12 months
- $75M median fund size on file (SEC Form D, 17 firms)
- 125 named decision-makers on file

## First 11 of 22 SaaS investors in Washington

| Investor | Type | HQ | Stages (our research) | Focus (our research) | Latest fund or deal | Fund size | Checked | Profile |
|---|---|---|---|---|---|---|---|---|
| Madrona | VC firm | Seattle, WA | Pre-seed, Seed, Series A, Series B, Growth | SaaS, AI, Biotech, Consumer | New deal, Oct 2026 | $490M (SEC Form D, 2025) | 2026-11-05 | https://theinvestordatabase.com/investors/madrona/ |
| Incisive VC | VC firm | Seattle, WA | Pre-seed | SaaS, AI, Media, B2B | New fund, Sep 2026 | $25M (SEC Form D, 2026) | 2026-11-04 | https://theinvestordatabase.com/investors/incisive-vc/ |
| Flying Fish Ventures | VC firm | Seattle, WA | Pre-seed, Seed | SaaS, AI | New deal, Jul 2026 | $100M (SEC Form D, 2024) | 2026-11-04 | https://theinvestordatabase.com/investors/flying-fish-ventures/ |
| Voyager Capital | VC firm | Seattle, WA | Seed, Series A | SaaS, AI, Climate Tech, Agritech | New deal, Apr 2026 | $300M (SEC Form D, 2024) | 2026-11-05 | https://theinvestordatabase.com/investors/voyager-capital/ |
| Tola Capital | VC firm | Seattle, WA | Seed | SaaS, AI, B2B | Portfolio news, Jul 2026 | $400M (SEC Form D, 2022) | 2026-11-05 | https://theinvestordatabase.com/investors/tola-capital/ |
| Gray Line Partners | VC firm | Sammamish, WA | Growth | SaaS, AI, Fintech, Future of Work | New deal, Oct 2025 | $100M (SEC Form D, 2024) | 2026-11-05 | https://theinvestordatabase.com/investors/gray-line-partners/ |
| AI2 Incubator | Accelerator | Seattle, WA | Pre-seed | SaaS, AI | New fund, Jul 2025 | $56M (SEC Form D, 2025) | 2026-11-04 | https://theinvestordatabase.com/investors/ai2-incubator/ |
| Pioneer Square Ventures | VC firm | Seattle, WA | Pre-seed | SaaS, AI, Healthtech | New fund, Apr 2026 | $100M (SEC Form D, 2026) | 2026-11-04 | https://theinvestordatabase.com/investors/pioneer-square-ventures/ |
| Sybilla Masters Fund | VC firm | Seattle, WA | Seed | SaaS, AI, Media, Edtech | New fund, Feb 2025 | $2M (SEC Form D, 2022) | 2026-11-05 | https://theinvestordatabase.com/investors/sybilla-masters-fund/ |
| Fortson | VC firm | Stanwood, WA | Pre-seed, Seed | SaaS, Generalist, B2B | New fund, Apr 2025 | $75M (SEC Form D, 2025) | 2026-11-05 | https://theinvestordatabase.com/investors/fortson/ |
| Two Ravens | VC firm | Bellevue, WA | Pre-seed, Seed | SaaS, AI, Fintech | New fund, Jan 2025 | $20M (SEC Form D, 2023) | 2026-11-05 | https://theinvestordatabase.com/investors/two-ravens/ |

You are seeing 11 of 22. The full list adds 11 more investors and 125 named decision-makers.

Get all 22 investors and 125 named contacts, $49, one-time: https://theinvestordatabase.com/buy/list/saas-investors-in-washington
This page: https://theinvestordatabase.com/lists/saas-investors-in-washington/

## 20 SaaS investors in Seattle
8 of the 20 have a fund filing or a dated deal in the last 12 months; the median fund size on file is $70M (SEC Form D, 15 firms); the most recent fund filings are from Acequia Capital (Oct 2026), Incisive VC (Sep 2026) and Pioneer Square Ventures (Apr 2026); of the 20 with a stage on file, seed (13), pre-seed (8) and growth-stage (4); the count covers the metro area, by city: Seattle (15), Bellevue (4) and Kirkland (1); the paid file holds 123 named decision-makers for them.
The first 5 in list order: Madrona, Incisive VC, Flying Fish Ventures, Voyager Capital and Tola Capital.

## Method and limits
- Source: All 22 rows carry an SEC filing (Form D or Form ADV). All 22 have a website we checked. Filing date and fund size are SEC data where a filing exists. Stage, sector and check size are our research.
- Inclusion rule: Organizations that back startups. Individuals, buyout funds and firms we found to be inactive are left out. Sector: the firm states SaaS and B2B software as a focus on its own site, or we observed it in the firm's portfolio. Place: head office in Washington.
- Order: Activity score out of 100: recency of the latest fund filing or dated deal (35: full marks within 3 months, then stepping down at 6, 12 and 24 months), share of the observed portfolio in this sector (25; half of that when the sector is stated only), stated focus on the US (15: full marks when the firm names the US as where it invests, half when it says global), size of the fund on file on a log scale (15) and completeness of the public record (10). Regional focus is our research, not an SEC figure. It is a measure of activity and fit, not of quality or returns.
- Fill rates: Of 22 rows: stage 22, sector 22, fund size 19, website 22. In the paid file: named decision-makers on 22 rows, firm email on 7, LinkedIn page on 9, check size on 4.

## Questions
### How many SaaS investors in Washington are there?
We list 22 as of November 2026. 8 of the 22 have a fund filing or a dated deal in the last 12 months. The cities with the most are Seattle (15), Bellevue (4) and Sammamish (1).

### Which SaaS investors in Washington raised a new fund in the last 12 months?
5 of the 22 have a fund filing dated in the last 12 months. The most recent on this list are Acequia Capital (Oct 2026), Incisive VC (Sep 2026) and Pioneer Square Ventures (Apr 2026).

### What is the typical fund size of SaaS investors in Washington?
The median fund size on file for this list is $75M, across the 17 firms with a size on an SEC Form D. The fund on file is each firm's main fund, which is not always its newest. The other 5 do not disclose a size there.

### How do I contact SaaS investors in Washington?
The paid file holds 125 named decision-makers across 22 of these 22 and a firm email for 7. We publish the address a firm lists itself, never a personal email. Each free row links to a profile with the firm's website.

### Where does the data on SaaS investors in Washington come from?
All 22 rows have an SEC filing on file (Form D or Form ADV). Filing date and fund size come from the filing. Stage, sector and check size are our research. Rows on this list were last checked on 6 Nov 2026 at the latest. The whole file is re-verified twice a year.