Fundraising Fox

Downstream

Techstars '18

Seattle, US · Founded 2017 · Washington corporation · 9 known investors

downstreamimpact.com ↗

Founders & leadership

Downstream was founded in 2017 by SALIM HAMED and CONNOR FOLLEY.

SH
SALIM HAMEDCo-founder
CF
CONNOR FOLLEYCo-founder

Investors · 9

9Mile LabsBellevue
Curious CapitalNew York · $1M – $5M
MGV.VCSan Francisco · $500K
TechstarsBoulder · $220K
Unlock Venture PartnersSeattle
Brick Mortar VenturesreportedSan Francisco
FJ LabsreportedNew York · $100K – $3M
Moneta VenturesreportedFolsom · $1M – $5M

Also in the syndicate · 1

Victorum Capital

Funding

SEC filings, press & company announcements

$10.3M disclosed across 4 rounds · 2018–2025

▶$300KraisedFeb 2020 · 2 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Salim HamedExecutive Officer, Director, Promoter
  • Connor FolleyExecutive Officer, Director, Promoter
Offering amount
$2M
Amount sold
$300K
First sale
Jan 2020
Incorporated
Corporation, Washington, 2017
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$1.8MraisedMay 2019 · 10 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • SALIM HAMEDExecutive Officer, Director, Promoter
  • CONNOR FOLLEYExecutive Officer, Director, Promoter
Offering amount
$2M
Amount sold
$1.8M
First sale
Oct 2018
Incorporated
Corporation, Washington, 2017
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$205KraisedApr 2018 · 7 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • SALIM HAMEDExecutive Officer, Director
  • CONNOR FOLLEYExecutive Officer, Director
Offering amount
$1.4M
Amount sold
$205K
First sale
Apr 2018
Incorporated
Corporation, Washington, 2017
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

In the news

Hormuz Impact: Upstream, Downstream Oil Stocks At Odds — DSP Fund Manager Explains Whyndtvprofit.com · Aug 2026Understanding the Downstream Effects of the AHRQ Grant Cancellationsahsituationreport.substack.com · Jul 2026Downstream Raises $8M in Series A Fundingfinsmes.com · Nov 2025Downstream's $8M Raise Reshapes Construction Equipment Rentalsfinance.yahoo.com · Nov 2025Downstream.ai Raises $1.5m in Seed Funding - FinSMEsfinsmes.com · Jan 2018

Frequently asked questions

Who founded Downstream?
Downstream was founded by SALIM HAMED, CONNOR FOLLEY in 2017.
Who are Downstream's investors?
Downstream's investors include 9Mile Labs, Curious Capital, MGV.VC, Techstars, Unlock Venture Partners, Brick Mortar Ventures, FJ Labs, Moneta Ventures.
How much funding has Downstream raised?
Downstream has disclosed $10.3M raised across 4 rounds.
Where is Downstream headquartered?
Downstream is headquartered in Seattle, US.