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

22 past transactions

Concordia Coffee Systems

Series A in 2012
Concordia Coffee Systems manufactures and distributes self-serve commercial espresso and gourmet beverage systems. Its systems offer cappuccino, latte, Americano, and black coffee, as well as brewed coffee, hot chocolate, mocha, chai latte, and flavored beverages. The company serves colleges and universities, hospitals, resorts and hotels, casinos, grocery stores, chains, airport lounges, roasters, and managed foodservice customers in the United Kingdom and Australia, as well as in Dubai, United Arab Emirates. Concordia Coffee Systems was formerly known as Acorto, Inc. and changed its name to Concordia Coffee Systems, Inc. in September 2004. The company was founded in 1990 and is based in Bellevue, Washington.

PayScale

Venture Round in 2011
PayScale helps employers and their employees understand the right pay for every position and effectively communicate about compensation. PayScale pioneered the use of big data and unique matching algorithms to power the world’s most advanced compensation platform and continues to be the compensation market leader, featured in G2 Crowd's 100 Software Companies for 2018, based on user reviews. More than 8,000 customers, from small businesses to Fortune 500 companies, use PayScale to power pay decisions for more than 23 million employees. Among them are T-Mobile, Patagonia, Macy's, The New York Times, Encana, Wendy's, Perry Ellis, Sunsweet, The Seattle Mariners and UnitedHealth Group.

Vantos

Series B in 2008
VANTOS is focused on being the global leader in the Enterprise Investigation Management market. From minor office misconduct to international financial crimes, companies can spend millions of dollars conducting workplace investigations. They offer solutions that are responsive to their customers' evolving investigation needs.

Carena

Series B in 2008
Carena is a Seattle-based team of medical, technology, and consumer service professionals committed to delivering the best possible healthcare experience to every patient. 24 hours a day. 365 days a year.

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 Clinic

Venture Round in 2007
Calidora Skin Clinic offers a range of professional skincare treatments and products. It is based in Seattle, Washington.

PacStar Communications

Series D in 2007
Pacific Star Communications (PacStar) is a provider of advanced communications solutions for a wide range of military, intelligence, and commercial applications. PacStar creates and manufactures COTS-based rugged, small form factor expeditionary and mobile communications systems. Separately, it has developed integrated, network communications management software, IQ-Core Software, for the military, federal, state/local government, and emergency responder markets. The company’s patented IQ-Core software, hardware technology, and integration services provide secure, command, control, and communications systems, particularly in remote or infrastructure starved areas. In addition, PacStar’s communications systems are ideally suited for commercial/industrial organizations with mission-critical field communications requirements. PacStar was founded in 2000 and is based in Portland, Oregon.

PayScale

Series C in 2007
PayScale helps employers and their employees understand the right pay for every position and effectively communicate about compensation. PayScale pioneered the use of big data and unique matching algorithms to power the world’s most advanced compensation platform and continues to be the compensation market leader, featured in G2 Crowd's 100 Software Companies for 2018, based on user reviews. More than 8,000 customers, from small businesses to Fortune 500 companies, use PayScale to power pay decisions for more than 23 million employees. Among them are T-Mobile, Patagonia, Macy's, The New York Times, Encana, Wendy's, Perry Ellis, Sunsweet, The Seattle Mariners and UnitedHealth Group.

SprayCool

Venture Round in 2007
SprayCool, Inc. develops and supplies electronics thermal management and environmental isolation enclosure products for military contracts and industrial customers for airborne, shipboard, and land based applications. It offers enclosures, including Multi Platform Enclosure that scale from 4-21 slots of 6U VME or cPCI cards with configurable power supplies, I/O panels, and backplanes for commercial or rugged electronics; sealed transit case solutions, such as transit case cooling kits that enable a sealed environment for commercial grade 19” rack mount products; and custom solutions, which include data rack solutions and fluid handling tools, as well as component cooling solutions for radar, power electronics, and high performance computing. The company also provides consulting services, such as thermal assessments, thermal strategy/product designs, SprayCool system integration, functional verification, facility design, project management, and advisory services, as well as implementation services, such as training, testing and diagnostics/monitoring, and customer support. SprayCool, Inc. offers its products through system integrators. The company serves the defense, aerospace, military, telecom, oil and gas exploration, automotive, semiconductor fabrication, and commercial markets in the United States. SprayCool, Inc. was formerly known as Isothermal Systems Research, Inc. The company was founded in 1988 and is headquartered in Liberty Lake, Washington.

Phoseon Technology

Venture Round in 2006
Phoseon Technology is the pioneer of semiconductor light matrix (SLM) technology. The company manufactures high intensity light sources and equipment that use SLM technology to enable faster, cleaner, and more efficient industrial processes for semiconductor inspection, lithography, and the UV curing of photopolymers in adhesives, inks, and coatings. Phoseon’s portfolio of products includes the RX series of high intensity UV light sources, the MX series of through-Silicon automated inspection systems, and the FX series of fluorescent measurement systems for organic materials. Founded in 2002, Phoseon is a venture-funded, privately-held corporation headquartered in Hillsboro, Oregon.

Carena

Series A in 2006
Carena is a Seattle-based team of medical, technology, and consumer service professionals committed to delivering the best possible healthcare experience to every patient. 24 hours a day. 365 days a year.

PacStar Communications

Series C in 2005
Pacific Star Communications (PacStar) is a provider of advanced communications solutions for a wide range of military, intelligence, and commercial applications. PacStar creates and manufactures COTS-based rugged, small form factor expeditionary and mobile communications systems. Separately, it has developed integrated, network communications management software, IQ-Core Software, for the military, federal, state/local government, and emergency responder markets. The company’s patented IQ-Core software, hardware technology, and integration services provide secure, command, control, and communications systems, particularly in remote or infrastructure starved areas. In addition, PacStar’s communications systems are ideally suited for commercial/industrial organizations with mission-critical field communications requirements. PacStar was founded in 2000 and is based in Portland, Oregon.

PayScale

Series B in 2005
PayScale helps employers and their employees understand the right pay for every position and effectively communicate about compensation. PayScale pioneered the use of big data and unique matching algorithms to power the world’s most advanced compensation platform and continues to be the compensation market leader, featured in G2 Crowd's 100 Software Companies for 2018, based on user reviews. More than 8,000 customers, from small businesses to Fortune 500 companies, use PayScale to power pay decisions for more than 23 million employees. Among them are T-Mobile, Patagonia, Macy's, The New York Times, Encana, Wendy's, Perry Ellis, Sunsweet, The Seattle Mariners and UnitedHealth Group.

Fios

Venture Round in 2005
Fios, provides electronic discovery management services for corporations, law firms, and litigation support companies. It offers electronic discovery services, such as evidence collection, processing, review, and production. The company also provides litigation readiness services, including litigation readiness assessment, electronically stored information content mapping, legal hold protocols, discovery response planning, FRCP 26(f) discovery conference preparation, discovery response staffing, discovery technology requirements, and information governance services. In addition, it offers project management processes, and procedures and technology services; and technology assessment consulting services. Further, Fios, Inc. operates information portals on e-discovery and compliance. The company was formerly known as Litigation Data Corporation and changed its name to Fios, in 1999. Fios was founded in 1999 and is headquartered in Portland, Oregon with additional offices in Dallas, Texas; and New York, New York.

Phoseon Technology

Series B in 2005
Phoseon Technology is the pioneer of semiconductor light matrix (SLM) technology. The company manufactures high intensity light sources and equipment that use SLM technology to enable faster, cleaner, and more efficient industrial processes for semiconductor inspection, lithography, and the UV curing of photopolymers in adhesives, inks, and coatings. Phoseon’s portfolio of products includes the RX series of high intensity UV light sources, the MX series of through-Silicon automated inspection systems, and the FX series of fluorescent measurement systems for organic materials. Founded in 2002, Phoseon is a venture-funded, privately-held corporation headquartered in Hillsboro, Oregon.

PayScale

Series A in 2004
PayScale helps employers and their employees understand the right pay for every position and effectively communicate about compensation. PayScale pioneered the use of big data and unique matching algorithms to power the world’s most advanced compensation platform and continues to be the compensation market leader, featured in G2 Crowd's 100 Software Companies for 2018, based on user reviews. More than 8,000 customers, from small businesses to Fortune 500 companies, use PayScale to power pay decisions for more than 23 million employees. Among them are T-Mobile, Patagonia, Macy's, The New York Times, Encana, Wendy's, Perry Ellis, Sunsweet, The Seattle Mariners and UnitedHealth Group.

Integrex

Funding Round in 2002
Integrex is a leading UK designer and manufacturer of innovative, interactive electronic and IT products for education, retail and corporate sectors. They specialise in the design, development, manufacture and installation of interactive and immersive special needs equipment, bespoke kiosks and cutting edge corporate AV systems. With over 40 years experience in the industry their friendly and dedicated team is trusted by their clients to listen, understand and deliver tailored solutions to their varied and complex requirements. From their headquarters in Derbyshire they are ideally located to service their clients throughout the United Kingdom.

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 is a software company that enables businesses and government agencies to maximize the productivity of their mobile workforces. The company's flagship solution is Mobility , mobile VPN software that allows mobile workers to maintain and optimize mobile data connections as they move in and out of wireless coverage areas and roam between networks. Over 1,400 of the world's most respected organizations rely on NetMotion everyday, including major public utilities, healthcare organizations, communications providers, public safety organizations, transportation companies and many others

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 an IT governance solutions that are practical to adopt and deliver fast time to value. The company's products and services enable organizations to optimize the performance of their IT portfolios through improved planning, evaluation, and alignment of initiatives with business objectives, thereby maximizing return on the enterprise's technology investments. Pacific Edge has helped organizations across a wide range of industries extend and mature their governance discipline. Founded in 1998, Pacific Edge is headquartered in Bellevue, Washington and is privately held.

Pacific Edge Software

Series A in 1999
Pacific Edge Software is a provider of an IT governance solutions that are practical to adopt and deliver fast time to value. The company's products and services enable organizations to optimize the performance of their IT portfolios through improved planning, evaluation, and alignment of initiatives with business objectives, thereby maximizing return on the enterprise's technology investments. Pacific Edge has helped organizations across a wide range of industries extend and mature their governance discipline. Founded in 1998, Pacific Edge is headquartered in Bellevue, Washington and is privately held.
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