Fluke Venture Partners

Fluke Venture Partners is a venture capital firm based in Kirkland, Washington, that focuses on early and mid-stage investments primarily in the Pacific Northwest. Established in 1976, the firm invests in a range of sectors, including technology, healthcare, business and consumer services, and specialty retail. Fluke Venture Partners typically participates in the first round of institutional financing, investing between $2.5 million and $4 million per company, with flexible minimum investments that can start at $0.5 million. The firm often leads investment syndicates and prefers to hold a board seat but may act as a board observer when not leading a deal. With a commitment to fostering long-term partnerships, Fluke Venture Partners has a history of supporting entrepreneurs in building successful companies, having been involved in the early-stage financings of notable successes in the region. The firm is dedicated to maintaining guiding principles of integrity, discipline, and teamwork while striving for excellence and trust in its relationships.

Kevin Gabelein

Managing Director

Dennis Weston

Senior Managing Director

23 past transactions

Concordia Coffee Systems

Series A in 2012
Concordia Coffee Systems is a manufacturer and distributor of self-serve commercial espresso and gourmet beverage systems, providing a diverse range of drinks including cappuccino, latte, Americano, black coffee, brewed coffee, hot chocolate, mocha, chai latte, and flavored options. The company caters to various sectors, including colleges, universities, hospitals, resorts, hotels, casinos, grocery stores, and managed foodservice clients in the United Kingdom, Australia, and Dubai. Founded in 1990 and based in Bellevue, Washington, Concordia Coffee Systems was previously known as Acorto, Inc. and adopted its current name in September 2004.

PayScale

Venture Round in 2011
PayScale, Inc. is a leading provider of cloud-based compensation software designed to assist organizations in making informed pay decisions. Founded in 2002 and headquartered in Seattle, Washington, with additional offices in Louisville, Denver, and Cary, the company offers a range of services, including Insight Expert, which streamlines salary benchmarking and pay adjustment processes. PayScale utilizes big data and advanced algorithms to deliver comprehensive compensation management solutions for various industries, such as healthcare, manufacturing, and professional services. Its platform supports over 8,000 customers, including small businesses and Fortune 500 firms, by providing crucial insights that enable fair compensation practices. Additionally, PayScale offers professional services to evaluate and optimize compensation structures, ensuring organizations can effectively communicate and manage employee compensation.

Vantos

Series B in 2008
Vantos is a company specializing in enterprise investigation management, aiming to lead the global market in this sector. It provides comprehensive solutions for a range of investigative needs, from minor workplace misconduct to complex international financial crimes. Vantos offers V-Flex, a platform designed to automate and manage various investigative processes, along with analytics and visualization tools that help investigators identify trends and root causes in their data. The company also develops investigative playbooks, which facilitate the execution of common investigations efficiently and effectively. By addressing the evolving needs of organizations, Vantos seeks to streamline the investigation lifecycle and reduce associated costs.

Carena

Series B in 2008
Carena is a Seattle-based company that specializes in virtual healthcare delivery, leveraging a combination of technology and innovative care methods. The organization provides a virtual care model and a configurable technology platform designed to enhance patient access to high-quality healthcare services. Their offerings include nurse lines, virtual house calls, wellness programs, and care management, allowing consumers to access on-demand primary care services at any time and from any location. Carena's commitment to improving the healthcare experience is evident in its 24/7 availability, which aims to create a new source of referrals for health systems while prioritizing patient care and convenience.

Confirma

Series C in 2008
Confirma is the only company that develops and markets an MRI-CAD system, CADstream, revolutionizing MRI study analysis and reporting through automated and standardized processing. CADstream automates the analysis and interventional guidance of MRI studies, providing higher quality imaging studies, lower costs for radiology practices and improved communication tools for physicians and patients. CADstream can be integrated into any workflow scenario and is compatible with all MRI scanners and PACS.

Calidora Skin Care Clinics

Venture Round in 2007
Calidora Skin Clinic, located in Seattle, Washington, specializes in professional skincare treatments and products. The clinic focuses on anti-aging and skin rejuvenation solutions, catering to clients seeking to enhance their skin's appearance and health. Through a variety of services, Calidora aims to provide effective skincare options tailored to individual needs.

PacStar Communications

Series D in 2007
PacStar Communications, based in Portland, Oregon, specializes in advanced communications solutions tailored for military, government, and commercial applications. The company designs and produces a range of rugged, small form factor communications systems that include voice, data, and video capabilities. Its flagship offerings comprise the PacStar 4000-series for transportable communication, the lightweight PacStar 3000-series tactical radio kits, and customized PacStar 2000-series equipment for both standalone and networked field communications. Additionally, PacStar develops the IQ-Core software, which simplifies the management of these systems and enhances their security and reliability. The company also provides a Modular Data Center for hosting cloud and analytics applications, along with various support services such as design, logistics, installation, and training. Founded in 2000, PacStar serves a diverse clientele, including commercial IT customers and large institutions, with a focus on mission-critical communications, especially in remote or infrastructure-limited environments. As of November 2020, it operates as a subsidiary of Curtiss-Wright Corporation.

PayScale

Series C in 2007
PayScale, Inc. is a leading provider of cloud-based compensation software designed to assist organizations in making informed pay decisions. Founded in 2002 and headquartered in Seattle, Washington, with additional offices in Louisville, Denver, and Cary, the company offers a range of services, including Insight Expert, which streamlines salary benchmarking and pay adjustment processes. PayScale utilizes big data and advanced algorithms to deliver comprehensive compensation management solutions for various industries, such as healthcare, manufacturing, and professional services. Its platform supports over 8,000 customers, including small businesses and Fortune 500 firms, by providing crucial insights that enable fair compensation practices. Additionally, PayScale offers professional services to evaluate and optimize compensation structures, ensuring organizations can effectively communicate and manage employee compensation.

SprayCool

Venture Round in 2007
SprayCool, Inc. specializes in developing and supplying thermal management and environmental isolation solutions for military and industrial applications across airborne, shipboard, and land-based environments. The company offers a range of products, including Multi Platform Enclosures that accommodate various configurations of 6U VME or cPCI cards, sealed transit case solutions that provide cooling and protection for commercial-grade rack mount systems, and custom solutions for data racks and component cooling in areas such as radar and high-performance computing. Additionally, SprayCool offers consulting services, including thermal assessments, product design, system integration, and project management, as well as implementation services encompassing training, testing, diagnostics, and customer support. The company serves diverse markets, including defense, aerospace, telecommunications, oil and gas, automotive, and semiconductor fabrication, primarily in the United States. Founded in 1988 and headquartered in Liberty Lake, Washington, SprayCool was previously known as Isothermal Systems Research, Inc.

Phoseon Technology

Venture Round in 2006
Phoseon Technology, Inc. is a manufacturer of ultraviolet (UV) light emitting diode (LED) curing systems and solutions, serving a variety of commercial and industrial applications. The company specializes in high-intensity light sources utilizing semiconductor light matrix (SLM) technology, which enhances the efficiency and cleanliness of industrial processes. Phoseon offers both air-cooled and water-cooled UV LED curing solutions suitable for wide-ranging applications, including flexographic printing, coating processes, and electronic assembly for devices such as touch panels and mobile phones. Its products are designed for use in various industries, including printing, medical, and automotive. Founded in 2002 and headquartered in Hillsboro, Oregon, Phoseon Technology also operates an office in Shanghai, China, catering to original equipment manufacturers and end-user markets globally.

Carena

Series A in 2006
Carena is a Seattle-based company that specializes in virtual healthcare delivery, leveraging a combination of technology and innovative care methods. The organization provides a virtual care model and a configurable technology platform designed to enhance patient access to high-quality healthcare services. Their offerings include nurse lines, virtual house calls, wellness programs, and care management, allowing consumers to access on-demand primary care services at any time and from any location. Carena's commitment to improving the healthcare experience is evident in its 24/7 availability, which aims to create a new source of referrals for health systems while prioritizing patient care and convenience.

PacStar Communications

Series C in 2005
PacStar Communications, based in Portland, Oregon, specializes in advanced communications solutions tailored for military, government, and commercial applications. The company designs and produces a range of rugged, small form factor communications systems that include voice, data, and video capabilities. Its flagship offerings comprise the PacStar 4000-series for transportable communication, the lightweight PacStar 3000-series tactical radio kits, and customized PacStar 2000-series equipment for both standalone and networked field communications. Additionally, PacStar develops the IQ-Core software, which simplifies the management of these systems and enhances their security and reliability. The company also provides a Modular Data Center for hosting cloud and analytics applications, along with various support services such as design, logistics, installation, and training. Founded in 2000, PacStar serves a diverse clientele, including commercial IT customers and large institutions, with a focus on mission-critical communications, especially in remote or infrastructure-limited environments. As of November 2020, it operates as a subsidiary of Curtiss-Wright Corporation.

PayScale

Series B in 2005
PayScale, Inc. is a leading provider of cloud-based compensation software designed to assist organizations in making informed pay decisions. Founded in 2002 and headquartered in Seattle, Washington, with additional offices in Louisville, Denver, and Cary, the company offers a range of services, including Insight Expert, which streamlines salary benchmarking and pay adjustment processes. PayScale utilizes big data and advanced algorithms to deliver comprehensive compensation management solutions for various industries, such as healthcare, manufacturing, and professional services. Its platform supports over 8,000 customers, including small businesses and Fortune 500 firms, by providing crucial insights that enable fair compensation practices. Additionally, PayScale offers professional services to evaluate and optimize compensation structures, ensuring organizations can effectively communicate and manage employee compensation.

Fios

Venture Round in 2005
Fios specializes in electronic discovery management services tailored for corporations, law firms, and litigation support companies. The firm offers comprehensive electronic discovery services, including evidence collection, processing, review, and production. Additionally, Fios provides litigation readiness services such as assessments, content mapping for electronically stored information, legal hold protocols, and discovery response planning. The company also assists in discovery technology requirements and information governance. Fios further enhances its offerings with project management processes and technology assessment consulting. Founded in 1999 and headquartered in Portland, Oregon, Fios has additional offices in Dallas, Texas, and New York, New York.

Phoseon Technology

Series B in 2005
Phoseon Technology, Inc. is a manufacturer of ultraviolet (UV) light emitting diode (LED) curing systems and solutions, serving a variety of commercial and industrial applications. The company specializes in high-intensity light sources utilizing semiconductor light matrix (SLM) technology, which enhances the efficiency and cleanliness of industrial processes. Phoseon offers both air-cooled and water-cooled UV LED curing solutions suitable for wide-ranging applications, including flexographic printing, coating processes, and electronic assembly for devices such as touch panels and mobile phones. Its products are designed for use in various industries, including printing, medical, and automotive. Founded in 2002 and headquartered in Hillsboro, Oregon, Phoseon Technology also operates an office in Shanghai, China, catering to original equipment manufacturers and end-user markets globally.

PayScale

Series A in 2004
PayScale, Inc. is a leading provider of cloud-based compensation software designed to assist organizations in making informed pay decisions. Founded in 2002 and headquartered in Seattle, Washington, with additional offices in Louisville, Denver, and Cary, the company offers a range of services, including Insight Expert, which streamlines salary benchmarking and pay adjustment processes. PayScale utilizes big data and advanced algorithms to deliver comprehensive compensation management solutions for various industries, such as healthcare, manufacturing, and professional services. Its platform supports over 8,000 customers, including small businesses and Fortune 500 firms, by providing crucial insights that enable fair compensation practices. Additionally, PayScale offers professional services to evaluate and optimize compensation structures, ensuring organizations can effectively communicate and manage employee compensation.

Integrex

Funding Round in 2002
Integrex is a prominent UK-based designer and manufacturer of innovative electronic and IT products tailored for the education, retail, and corporate sectors. The company focuses on the design, development, and manufacture of interactive and immersive equipment for special needs, bespoke kiosks, and advanced corporate audiovisual systems. With over 40 years of experience, Integrex is committed to understanding and addressing the diverse and complex needs of its clients, delivering customized solutions to enhance user interaction and engagement. Headquartered in Derbyshire, Integrex is strategically positioned to serve clients across the United Kingdom effectively.

Midstream Technologies

Series C in 2002
MidStream Technologies(TM) has developed the world's first dedicated streaming appliance. One box can deliver 16,000 simultaneous broadband streams with unprecedented scalability. A multiple box configuration provides built-in load balancing, failover reliability and the power to deliver millions of concurrent streams. MidStream servers can support every popular streaming format simultaneously & allow for software and appliance upgrades in the field, extending hardware longevity and promoting cost savings.

NetMotion Software

Venture Round in 2001
NetMotion Software is a technology company focused on enhancing the productivity of mobile workforces for businesses and government agencies. Its primary product, Mobility, is a mobile VPN solution that ensures seamless and optimized data connections for mobile workers as they navigate varying wireless coverage areas and switch between networks. The platform provides IT decision-makers with comprehensive intelligence and control over devices, applications, and networks, facilitating a superior mobile user experience. With over 1,400 organizations, including major public utilities, healthcare providers, and public safety entities, relying on its solutions, NetMotion Software plays a critical role in accelerating business-critical applications and improving operational efficiencies in dynamic work environments.

Midstream Technologies

Series B in 2001
MidStream Technologies(TM) has developed the world's first dedicated streaming appliance. One box can deliver 16,000 simultaneous broadband streams with unprecedented scalability. A multiple box configuration provides built-in load balancing, failover reliability and the power to deliver millions of concurrent streams. MidStream servers can support every popular streaming format simultaneously & allow for software and appliance upgrades in the field, extending hardware longevity and promoting cost savings.

Pacific Edge Software

Series B in 2000
Pacific Edge Software is a provider of IT governance solutions that focus on enhancing the performance of IT portfolios for organizations. Founded in 1998 and headquartered in Bellevue, Washington, the company offers software products, professional services, and a structured portfolio management process. Its offerings are designed to help organizations effectively plan, evaluate, and align IT initiatives with business objectives, thereby maximizing the return on technology investments. Pacific Edge Software has supported a diverse range of industries in developing and refining their governance practices. The company is privately held and emphasizes practical adoption of its solutions to deliver rapid value.

Integrex

Funding Round in 1999
Integrex is a prominent UK-based designer and manufacturer of innovative electronic and IT products tailored for the education, retail, and corporate sectors. The company focuses on the design, development, and manufacture of interactive and immersive equipment for special needs, bespoke kiosks, and advanced corporate audiovisual systems. With over 40 years of experience, Integrex is committed to understanding and addressing the diverse and complex needs of its clients, delivering customized solutions to enhance user interaction and engagement. Headquartered in Derbyshire, Integrex is strategically positioned to serve clients across the United Kingdom effectively.

Pacific Edge Software

Series A in 1999
Pacific Edge Software is a provider of IT governance solutions that focus on enhancing the performance of IT portfolios for organizations. Founded in 1998 and headquartered in Bellevue, Washington, the company offers software products, professional services, and a structured portfolio management process. Its offerings are designed to help organizations effectively plan, evaluate, and align IT initiatives with business objectives, thereby maximizing the return on technology investments. Pacific Edge Software has supported a diverse range of industries in developing and refining their governance practices. The company is privately held and emphasizes practical adoption of its solutions to deliver rapid value.
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