Investment firms are choosing to establish a footprint in the Pacific Northwest attracted by the allure of tech investment opportunities in Seattle. The private arm of Steve Cohen’s Point72 hedge fund, Point72 Private Investments, is in the process of setting up a new office and as more investors flock to the city, there could end up being a tech VC battle in Seattle over the coming years. In 2021, the city – home to global names including Microsoft, Amazon and Starbucks – attracted $9.2 billion according to PitchBook. Although those figures appear slightly lower for 2022, there is a growing feeling that Seattle has plenty of further investment potential. Rather than risk missing out on the next big tech winner and becoming Sleepless in Seattle, investors are hoping that a local presence will help their portfolios soar like the Seahawks.
