Pack Ventures
Pack Ventures is a Seattle-based pre-seed and seed venture capital firm founded in 2021, investing in startups founded by University of Washington alumni and faculty. The firm manages a $5M Fund I and is raising a $30M Fund II, with portfolio exposure across legal tech, aerospace, biotech, and AI.
- Company typePrivate
- Founded2021
- HeadquartersSeattle, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Pack Ventures does
Pack Ventures is a Seattle-based, pre-seed and seed venture capital firm founded in 2021 with a focused thesis on startups founded by University of Washington alumni, students, and faculty. The firm operates a thesis-driven, niche-GP model rather than a generalist approach, sourcing deal flow primarily through the UW ecosystem and adjacent Pacific Northwest networks.
The firm closed its inaugural Fund I at $5 million, anchored by Puget Sound Venture Club, and is raising Fund II with a $30 million target — a 6x increase that implies larger check sizes, broader sector coverage, and deeper follow-on reserves. The active portfolio spans at least five companies across legal technology (Supio), aerospace (TurionSpace), biotechnology (ArchonBio), real estate/agriculture (Ralo), and AI/enterprise software (Wokelo AI), indicating a deliberate diversification strategy despite the UW-anchor sourcing thesis. The firm has built a co-investment syndicate including NFX, AI2, Madrona, Y Combinator, Sapphire, Khosla, Crosslink, Fuse, Point72, and Bonfire, which materially strengthens deal access and execution credibility.
The business model is standard venture fund economics: management fees (typically ~2% of AUM annually) on committed capital, plus carried interest on profitable exits. The firm runs lean with 1-10 employees and is led by operating partners Ken Horenstein and Renato Agrella. Revenue is therefore a direct function of AUM and deployment pace rather than a scaled operating business, with Fund II close size and timing being the primary near-term revenue driver.
Pack Ventures firmographics
Firmographics- Name
- Pack Ventures
- Legal name
- Pack Ventures
- Website
- https://packvc.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Pack Ventures is a Seattle-based pre-seed and seed venture capital firm founded in 2021, investing in startups founded by University of Washington alumni and faculty. The firm manages a $5M Fund I and is raising a $30M Fund II, with portfolio exposure across legal tech, aerospace, biotech, and AI.
- Ownership category
- akta.pro rank
Pack Ventures industry classification
Industry- Product category
- Venture Capital
- NAICS
- Miscellaneous Financial Investment Activities (523999), Portfolio Management and Investment Advice (523940)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Early-Stage Venture Capital (Pre-Seed/Seed) (FSANAAAA)
- akta.pro secondary industry
- Micro-VC & Angel Funds (FSANAAAI)
Keywords
Where Pack Ventures is headquartered
LocationHeadquarters
- HQ city
- Seattle
- HQ country
- United States
- HQ region
- North America
Markets served
Pack Ventures business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Venture Capital Returns: Pack Ventures generates returns through equity investments in early-stage startups. The firm invests capital in promising companies and seeks returns through exits via IPOs, acquisitions, or secondary sales. They participate in seed funding rounds alongside other investors.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Pack Ventures product offering
Product offeringCore offering
Pack Ventures is a pre-seed and seed venture capital firm that invests in ambitious University of Washington founders, providing capital, expertise, and connections from day zero. The firm manages a $5 million first fund with a $30 million target for its second fund under a strategic partnership with the University of Washington to support spinout creation. It participates directly in seed rounds and co-invests alongside firms such as NFX, AI2, Madrona, Y Combinator, Sapphire, and Khosla Ventures.
Product overview
Pack Ventures is a venture capital firm that provides capital, expertise, and connections to ambitious University of Washington founders building category-defining companies. The firm does not operate a product-based business; rather, it supports portfolio companies including Supio (legal AI for personal injury firms), TurionSpace (space sustainability and national security solutions), and ArchonBio (computationally designed biologic drugs).
Differentiator
Problem solved
Functional benefit
Products and services
- Pack Ventures Fund I
- Pack Ventures Fund II
Quantifiable outcome
- Backing founders who have built companies in Legal AI, space technology, biotech, and AI-powered services
Companies that use Pack Ventures
Customer profileSegments1 record
Ideal customer profiles2 records
Pack Ventures technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Pack Ventures partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- University of WashingtoncorePack Ventures has a strategic partnership with the University of Washington to manage their university venture fund. The first fund was $5 million with a $30 million target for the second fund. This partnership aims to increase spinout creation rates from the university research institution.
Scale indicators2 records
Recent moves5 records
Expansion highlights5 records
Pack Ventures competitors and assessment
Company assessmentMarket position
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Pack Ventures social profiles
Digital presencePack Ventures financial estimates
Financial estimateRevenue estimate
Valuation estimate
Pack Ventures leadership team
Management profileNumber of profiles
Profiles2 records
Pack Ventures funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Pack Ventures M&A and investment
M&A and investmentM&A
Investments17 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Pack Ventures
What does Pack Ventures do?
Pack Ventures is a pre-seed and seed venture capital firm that invests in ambitious University of Washington founders, providing capital, expertise, and connections from day zero. The firm manages a $5 million first fund with a $30 million target for its second fund under a strategic partnership with the University of Washington to support spinout creation. It participates directly in seed rounds and co-invests alongside firms such as NFX, AI2, Madrona, Y Combinator, Sapphire, and Khosla Ventures.
Is Pack Ventures a public or private company?
Pack Ventures is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Pack Ventures founded?
Pack Ventures was founded in 2021. It employs 1 to 10 people.
Where is Pack Ventures based?
Pack Ventures is headquartered in Seattle, United States, in the North America region.
How does Pack Ventures make money?
One revenue line is on record: venture Capital Returns.
Does Pack Ventures have an API?
No public API is recorded for Pack Ventures.
What industry is Pack Ventures in?
Pack Ventures's product category is Venture Capital. Its primary akta.pro industry code is FSANAAAA, Early-Stage Venture Capital (Pre-Seed/Seed), with a secondary code of FSANAAAI, Micro-VC & Angel Funds. Its NAICS code is 523999 and its SIC code is 6282.