How it started
History
Vulcan Northwest was formed in Bellevue, Washington, in 1986 to manage the business affairs, investments, and philanthropic affairs of Paul Allen. The company initially had a Pacific Northwest focus.
The company moved its headquarters to Seattle in 1998. In 2001, they dropped "Northwest" from the company name to reflect growing global ventures.
In 2010, the Green Sports Alliance was founded by Vulcan and the Natural Resources Defense Council. Members commit to improve their environmental performance by reducing waste, conserving energy and water, and eliminating toxic chemicals. Inaugural members and partners included Vulcan ventures such as the Seattle Seahawks, Portland Trail Blazers, and Seattle Sounders FC.
After Paul Allen's death in 2018, Vulcan co-executive Jody Allen—who also serves as the estate's executor and trustee—took the lead strategic role at Vulcan. She launched an assessment of the various Vulcan projects and enterprises based on profit or philanthropic impact. Vulcan had about 700 employees as of mid-2019, and in October 2019 was reducing some of those positions.
As of 2024, Vulcan renamed itself Vale Group.
From Wikipedia’s article on Vulcan Inc., shared under CC BY-SA 4.0.2