<> WRF Capital | Washington Research Foundation
Washington Research Foundation | WRF Capital

Investing in Washington

As a leading early-stage investor, WRF Capital works with entrepreneurs, research institutions, other investors and industry partners to transform great ideas into successful Washington-based businesses.


In-State Focus

WRF Capital is the investment vehicle for Washington Research Foundation. We invest around $5M annually in startups based in Washington with a focus on spinouts from nonprofit research institutions in our state: UW, WSU, Fred Hutch and ISB, among many others.

Our typical investment size is $200,000-$400,000 for initial investments and we do not generally exceed $3M in any company over its lifetime. We are often the first money in, and we partner with angels and VCs over early and later rounds. We can lead investments, syndicating with firms that add value to the team and technology.

Contact Us

If your business or investment opportunity sounds like a good fit for WRF Capital, please contact us at info@wrfcapital.com.

Investment Areas

We prefer to invest in startups developing technologies with life sciences applications. Our portfolio includes companies in the following areas:

Life Sciences

Includes biotechnology, pharmaceuticals, medical devices and consumer healthcare

Information Technology

Includes enterprise software and internet-based solutions that offer innovation with near- and long-term potential

Physical Sciences

Includes advanced materials and scientific instrumentation

Our startup companies support our mission. Their successes create products and services that improve the lives of the public.