Which Oregon startups made this year’s Portland Seed Fund class?


PSF announces its investment pool has grown to $10 million.

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BY JACOB PALMER | DIGITAL NEWS EDITOR

The Portland Seed Fund unveiled its newest class while announcing its investment pool has grown to $10 million.

The startups that made the cut:

  1. ActionSprout — Portland: Aids non-profits with social media tools.
  2. Amplion — Bend: Builds business intelligence software for pharmaceutical and diagnostic companies.
  3. Bigleaf — Portland: Business cloud computing services.
  4. Crowd Supply — Portland: Helps crowdfunded companies develop their products.
  5. CrowdStreet — Portland/Bend: Commercial real estate crowdfunding.
  6. DesignMedix — Portland: Develops drugs to fight medication-resistant diseases.
  7. Elli — Portland: Online marketplace for wedding planning.
  8. Lumen Learning — Portland: Looks to supplant textbook industry with open-source education materials.
  9. Poached Jobs — Portland: Hiring platform for restaurateurs.
  10. Scratch-it — Portland: Builds engagement tools for email marketing.

Portland Business Journal writes:

While the seed fund adjusted the curriculum to fit the more mature companies, they all still participated in the education component of PSF. Next week, the companies will have a Demo Day for accredited investors and later this month will make a trip to the Bay Area for more pitching.

“Several of the companies raised significant capital even within the three-month bootcamp period,” said PSF Managing Director Jim Huston in a written statement. “Others are positioning themselves now for later VC rounds, so the trip (to Silicon Valley) will be particularly valuable.”

OregonLive.com reports on the fund growing to $10 million:

Initial funding from the city of Portland and the lottery-funded Oregon Growth Account has been supplemented by a growing pool of private investments. The fund says it now has $10 million under management and has backed 56 companies.

It typically invests $25,000 initially, with more capital for companies that show the most promise.

 




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