Pioneer Square Labs raises new fund to bankroll more companies

Credit: Taylor Soper, Geekwire

Pioneer Square Labs has raised a new investment fund, money that will add a much-needed injection of fresh capital into the Seattle startup ecosystem.

SEC filing from Friday reveals a $40.8 million fund for PSL, a Seattle-based “startup studio” that launched two years ago.

GeekWire first started hearing about the new fund earlier this year, but was unable to confirm details of it. Partners at PSL declined to comment on the fund this past summer, and as recently as Dec. 14 when we inquired about a new fund, which we had heard would be in the $100 million range.

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