SWAN Venture Fund

Swan Venture Fund, established in 2015 and based in Mercer Island, focuses on investing in seed-stage and early-stage companies, particularly in the Seattle area. The fund specializes in B2B technology sectors, including healthcare, information technology, software as a service (SaaS), artificial intelligence, and machine learning. It targets companies that demonstrate early revenues, strong teams, and a competitive advantage, typically investing in pre-seed rounds ranging from $500,000 to $1.5 million. Swan Venture Fund is comprised of operators and industry experts who contribute not only capital but also valuable connections in business development, supply chains, and large corporations. The fund is particularly interested in market-accelerating technologies and low-regulatory healthcare solutions, investing in firms that align with its interests and where its members can actively contribute to the company's growth.

Nate Doran

Investor

James G W Reed

Managing Partner

22 past transactions

Indicio

Seed Round in 2022
Indicio is a developer of a decentralized identity technology platform aimed at assisting companies in creating and sharing verifiable data while fostering secure relationships. The company provides comprehensive professional services to support clients in transitioning from outdated legacy identity systems to more efficient, decentralized solutions. Indicio's technology is applicable across various industries, including travel, hospitality, government, financial services, agriculture, and education, among others. By offering effective data verification systems, Indicio enables organizations to streamline operations, save time, and reduce reliance on cumbersome paper-based processes.

Xplore

Series A in 2022
Xplore Inc is a space technology company that develops spacecraft and offers a range of space-related services, including mission planning, spacecraft engineering, flight financing, payload insurance, communications, data management, and spacecraft operations. Established in 2017 and headquartered in Mercer Island, Washington, Xplore conducts commercial missions in Earth orbits using their XCRAFT™ spacecraft. The company caters to government agencies, commercial space enterprises, and educational institutions, facilitating a variety of missions that include expeditions to the Moon, Mars, Venus, and asteroids. Xplore’s capabilities also encompass hosting mission-critical payloads, providing communication relay services, and delivering data through a multi-sensor platform designed for data fusion and on-orbit processing.

HTuO Biosciences

Pre Seed Round in 2021
Biotechnology company

Algenesis

Venture Round in 2021
Algenesis is a material science and technology company focused on addressing the environmental challenges posed by fossil fuel-based products. It specializes in manufacturing renewable and biodegradable plastic materials derived from algae. The company develops biodegradable polyurethane foam products, including soft foams suitable for footwear and hard foams designed for surfboards. By creating these innovative materials, Algenesis aims to help businesses tackle the global plastic pollution crisis and promote more sustainable alternatives in various industries.

Automaton

Seed Round in 2021
Automaton Marketing, Inc. is a company based in Kirkland, Washington, founded in 2018. It specializes in developing Atomatest, a platform designed for business-to-business marketing campaigns and integration testing. This innovative platform empowers business users to test landing pages, campaigns, and integrations without requiring coding skills, thereby addressing quality and monitoring challenges common in software-as-a-service environments. Automaton enables users to automate monitoring, test multiple personas and variations, and set recurrence to ensure optimal performance. By focusing on marketing, advertising, privacy compliance, analytics, and sales, Automaton aims to deliver DevOps-style quality assurance and monitoring tailored for business users, filling a critical gap in the market where over 30% of SaaS technology selection and integration is performed by non-engineering personnel.

Opticyte

Seed Round in 2020
Opticyte, Inc, a medical device innovator developing proprietary advanced algorithms and tailored optical spectroscopy technology to measure and detect low oxygen levels in cells to prevent organ failure. Opticyte is developing the first Cell O2 Monitor for reducing organ failure. Founded in 2016, Opticyte, Inc, is a spinoff from the University of Washington. Headquartered in Seattle, WA, Opticyte employs engineering, regulatory, and communications teams with deep experience in bringing medical devices to market.

Niricson

Series A in 2020
Niricson is a company that specializes in infrastructure asset management through the use of robotics and computer vision technology. It offers a predictive asset management platform that enables infrastructure owners to inspect structures more efficiently and with greater accuracy. The platform provides users with valuable insights, allowing for proactive planning of repairs and effective budget management. This service is particularly beneficial for hydro dam owners and engineering consulting firms, as it enhances their ability to ensure the safety of critical structures throughout their service life while also reducing operational costs.

SST Wireless

Series A in 2020
SST Wireless Inc. specializes in the design, manufacture, and distribution of wireless sensor technologies aimed at enhancing safety, conserving energy, and minimizing operational downtime for vehicles and equipment. The company offers a range of products, including advanced vibration sensors, high-temperature sensors capable of withstanding extreme conditions, and pressure sensors designed for harsh environments. Their wireless sensor systems are particularly recognized in the field of tire pressure monitoring for heavy-duty vehicles like mine haul trucks and construction equipment. In addition to their sensor products, SST Wireless provides a monitoring software platform that facilitates real-time data analysis, helping clients make informed decisions to improve safety and efficiency. Established in 2002 and headquartered in Richmond, Canada, SST Wireless also offers integration, support, and custom development services to accommodate various client needs.

Cloudneeti

Pre Seed Round in 2020
Cloudneeti delivers self-serviceable, workload assurance, security and compliance validations against industry standards.

TransformativeMed

Series A in 2019
TransformativeMed, Inc. specializes in developing software solutions for hospitals and health application partners, focusing on enhancing the integration of electronic medical records (EMR) with clinician workflows. Founded in 2007 and based in Seattle, the company offers a range of Smart Health Apps, which are designed to facilitate seamless communication and data management within healthcare settings. Notable solutions include CORES Smart Handoffs, enabling efficient patient sign-outs between providers; GlycemiCare Smart Glucose, aimed at improving glycemic control and patient safety; and ACR Select Smart Imaging, which provides decision support for imaging at the point of order entry. TransformativeMed has established itself as a leader in EMR integration, empowering over 40 hospitals to maximize their EMR investments while focusing on improving patient outcomes.

Curvafix

Convertible Note in 2019
CurvaFix, Inc. is a medical device company based in Bellevue, Washington, focused on developing innovative solutions for pelvic fracture repair. Founded in 2017, the company has created The CurvaFix, an intramedullary rod screw designed to conform to the natural shape of bones, particularly in the pelvis. This device addresses an unmet need in orthopedic trauma by enabling surgeons to perform more straightforward and shorter procedures, ultimately facilitating faster recovery for patients. CurvaFix aims to improve surgical outcomes and enhance the quality of care for individuals suffering from pelvic injuries.

SiDx

Debt Financing in 2018
SiDx is a health services provider that focuses on modernizing blood group testing through an innovative diagnostic platform. The company has developed a medical device utilizing micro-sensors arranged on a silicon chip, which are activated by laser technology to detect reactivity to various compounds. This approach allows physicians to obtain test results during patient visits, significantly speeding up the care process and reducing costs associated with traditional testing methods. By enhancing the efficiency and accessibility of diagnostic services, SiDx aims to improve patient outcomes and streamline healthcare delivery.

Defined.ai

Secondary Market in 2018
Defined.ai is a data science company that specializes in providing artificial intelligence training data for various machine learning applications. The company operates a self-service SaaS platform that allows users to source and enrich structured training data, enhancing the capabilities of models to interpret text, speech, and images. Additionally, Defined.ai offers an API that integrates directly with users' data processes, facilitating the retrieval of enriched training data. The company also features Neevo, an online platform that invites contributions from the public to improve AI systems. Serving industries such as automotive, banking, utilities, fintech, media, and healthcare, Defined.ai combines machine learning, data science, and crowd-sourcing to streamline global data collection and enrichment efforts, ultimately improving the quality, scalability, and time-to-market of AI and natural language processing applications. Founded in 2015, Defined.ai is headquartered in Seattle, Washington, with additional offices in Porto and Lisbon, Portugal, and Tokyo, Japan.

Curvafix

Series A in 2018
CurvaFix, Inc. is a medical device company based in Bellevue, Washington, focused on developing innovative solutions for pelvic fracture repair. Founded in 2017, the company has created The CurvaFix, an intramedullary rod screw designed to conform to the natural shape of bones, particularly in the pelvis. This device addresses an unmet need in orthopedic trauma by enabling surgeons to perform more straightforward and shorter procedures, ultimately facilitating faster recovery for patients. CurvaFix aims to improve surgical outcomes and enhance the quality of care for individuals suffering from pelvic injuries.

ShotTek Inc

Pre Seed Round in 2017
The PeaceShooter team is a group of passionate innovators with a love for basketball. Our vision is to transform the game with our patented wearable motion training technology focused on creating a better experience for kids, coaches and athletes.

Sharkbite Games

Seed Round in 2017
Founded in 2016, Sharkbite Games is focused on delivering "Best in class" gaming experiences, regardless of the platform. With over 70 years of combined "been there, done that" experience between us, we have some amazing titles under our belts. Having all previously worked together in some capacity, we share a passion for building amazing game experiences.

Heroclip

Pre Seed Round in 2017
Heroclip is a Seattle-based company that designs, manufactures, and sells a versatile carabiner hook clip aimed at helping users hold and hang gear in various settings. Founded in 2015, the company's product features a functional clip with a 360-degree rotating hook and two adjustable joints, providing maximum flexibility for everyday use. Additionally, the clip is equipped with a rubber tip that ensures it remains securely in place. Heroclip's innovative design addresses a range of practical challenges, offering multi-purpose solutions for both outdoor enthusiasts and everyday consumers.

Accrualify

Seed Round in 2017
Accrualify, Inc. operates an online service vendor management platform for enterprise-level accounting teams that function on the accrual method of accounting. The company provides accounts payable outsourcing, such as vendor management, purchase order management, and payment management services. It offers procure-to-pay solutions for purchasers and service vendors. The company was founded in 2015 and is based in San Mateo, California.

oVio Technologies

Seed Round in 2017
Creating Revoloutionary Dimensional Imagery. oVio Technologies has developed innovative dimensional imagery technology for AR/VR/3D applications, government & corporate global ID management, security, fin-tech, and medical/tele-medicine.​

Utrip

Series A in 2017
Utrip is a free travel planning technology that brings together the best in artificial intelligence and human experience, making it easy for travelers to quickly create their perfect trip. It is a destination discovery and travel planning platform that brings together the best in artificial intelligence and human experience to help travelers discover destinations and plan trips in uniquely personal and enjoyable ways. Utrip PRO helps increase engagement, loyalty and conversion rates by providing a white labeled offering of the Utrip platform to hospitality brands, cruise lines, points of interest, airlines, and Destination Marketing Organizations.

Defined.ai

Seed Round in 2016
Defined.ai is a data science company that specializes in providing artificial intelligence training data for various machine learning applications. The company operates a self-service SaaS platform that allows users to source and enrich structured training data, enhancing the capabilities of models to interpret text, speech, and images. Additionally, Defined.ai offers an API that integrates directly with users' data processes, facilitating the retrieval of enriched training data. The company also features Neevo, an online platform that invites contributions from the public to improve AI systems. Serving industries such as automotive, banking, utilities, fintech, media, and healthcare, Defined.ai combines machine learning, data science, and crowd-sourcing to streamline global data collection and enrichment efforts, ultimately improving the quality, scalability, and time-to-market of AI and natural language processing applications. Founded in 2015, Defined.ai is headquartered in Seattle, Washington, with additional offices in Porto and Lisbon, Portugal, and Tokyo, Japan.

OmniM2M

Seed Round in 2015
OmniM2M, established in 2014 and based in Bellevue, Washington, specializes in cloud-based software services and sensors designed for equipment management and monitoring. The company offers a range of solutions that enable businesses to connect their equipment to the cloud, facilitating condition monitoring and reporting from any location. OmniM2M's technology allows users to manage and analyze various aspects of their business equipment, including tank levels, temperature, and pest control, thereby helping to reduce spoilage, lower compliance costs, and enhance operational efficiency. Through its innovative approach, OmniM2M aims to improve business profitability, reliability, and competitiveness in a variety of industries.
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