<> 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 others. Additionally, our Foundation gives over $10M in non-dilutive grants annually to support the translation of promising technologies in our state.

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, preferring to syndicate with firms that can 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

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 success supports our mission. We use the profits that we generate from investing to support the philanthropy of Washington Research Foundation. Our returns are invested in our region's future.