---
title: 'A unicorn appears in the distance thanks in part to a seed investment by Portland Seed Fund'
date: '2019-05-20T08:46:07-07:00'
type: post
word_count: 241
char_count: 1731
tokens: 314
categories:
  - Funding
  - Oregon
  - Portland
  - Washington
tags:
  - auth0
  - Investment
  - Portland
  - 'portland seed fund'
  - psf
  - seed
  - unicorn
---

# A unicorn appears in the distance thanks in part to a seed investment by Portland Seed Fund

While the term unicorn has lost a bit of its luster as of late, it’s still an impressive milestone for any company to achieve a $1 billion valuation, but especially for a northwest company to do so. That’s why it was interesting to see [Portland Seed Fund](http://portlandseedfund.com/ "Portland Seed Fund") portfolio company [Auth0 announce its Series E raise](https://techcrunch.com/2019/05/20/auth0-billion-dollar-unicorn/ "Identity platform Auth0 raises $103M, pushing its valuation over $1B"), which officially gives it the unicorn moniker.

> Auth0, a 2013-founded identity and authentication platform, has pushed into unicorn territory with a $1 billion valuation after raising $103 million in its latest Series E round.
> 
> The round was led by Sapphire Ventures, with participation from K9 Ventures, Telstra Ventures and several others. In all, Auth0 total funding tops $210 million to date.

Portland Seed Fund participated in the [$2.4 million Auth0 Seed Round led by Bessemer in September 2014](https://techcrunch.com/2014/09/17/auth0-raises-2-4m-to-help-developers-plug-into-identity-platforms-like-facebook/ "Auth0 Raises $2.4M To Help Developers Plug Into Identity Platforms Like Facebook"). Seattle’s [Founders Co-Op](http://www.founderscoop.com/ "Founders Co-Op"), another active investor in Portland, participated in [Auth0’s Series A](https://www.geekwire.com/2015/auth0-secures-6-9m-in-funding-to-simplify-building-user-logins/ "Auth0 secures $6.9M to help app developers simplify user logins"). The company is headquartered in Bellevue, Washington.

For more information, visit [Auth0](https://auth0.com/ "Auth0").