Firms

PSL Ventures

PSL Ventures is the venture capital investment unit associated with Pioneer Square Labs in Seattle. The official2026 FormADV identifies its legal adviser as Pioneer Square Investment Advisor, LLC, CRD292854, and lists Pioneer Square Ventures FundI and FundII as managed private funds. PSL Ventures targets early technology companies primarily in Washington, Oregon, Idaho and British Columbia, including AI-enabled software, cybersecurity, infrastructure and digital health. It leads or co-leads external pre-seed, seed and SeriesA rounds and also invests alongside outside leads in studio spinouts. The official FAQ identifies PSL Ventures and PSL Studio as separate entities/operations with overlapping leadership and support teams; the broad PSL studio investor4694 and its historical links are retained separately. The published PSL directory supplies14 shared operational/investment people; unit-specific legal/current roles are source-qualified. FundII was announced as an oversubscribed USD100M vehicle inMarch2021; the historical FundI was reported as USD80M. The studio’s2023USD20M company-creation capital and combined Ventures180M management figure are not additional investment funds or portfolio checks.

Founded: —
Type: Venture capital

Funds2

Pioneer Square Ventures Fund II, L.P.2021-03-042021-03-04$100M
PSL Ventures announced its oversubscribed USD100M second venture fund on March4,2021. The official2026 FormADV identifies the Delaware LP as private-fund805-6587770004 advised by Pioneer Square Investment Advisor LLC. The announcement describes external Pacific Northwest pre-seed/seed investments and participation alongside external leads in studio spinouts. The100M is actual announced corpus, not the firm’s combined180M management figure or2023USD20M StudioIII operating capital.
Pioneer Square Ventures Fund I, L.P.—$80M
Official April2026 FormADV identifies the Delaware LP as private-fund805-5991715623 advised by Pioneer Square Investment Advisor LLC. PSL’s own historical press post reports an USD80M venture fund. The migrated website post is datedMay28,2019, which is not asserted as the original closing date; exact closing day remains unknown. Reported regulatory asset value is not substituted for the committed corpus. This Ventures fund is separate from2015 studio operating-capital equity and2023StudioIII capital.