---
title: 'Portland Seed Fund portfolio company Auth0 to exit for $6.5 billion'
date: '2021-03-03T14:54:30-08:00'
type: post
word_count: 202
char_count: 1508
tokens: 263
categories:
  - Acquisitions
  - Oregon
  - Portland
  - VC
tags:
  - auth0
  - billion
  - 'founders co-op'
  - geekwire
  - okta
  - portfolio
  - Portland
  - 'portland seed fund'
  - Seattle
  - seed
---

# Portland Seed Fund portfolio company Auth0 to exit for $6.5 billion

While [Auth0](https://auth0.com/) is a Seattle company, they do have a distinct Portland tie. You see, the [Portland Seed Fund was one of the company’s early investors](https://auth0.com/blog/big-milestone/). And today was a big day for everyone involved, given that it was just announced that [Okta is acquiring Auth0 for $6.5 billion](https://www.geekwire.com/2021/okta-pay-6-5b-acquire-seattles-auth0-identity-tech-startup-valued-1-9b-last-year/).

> Auth0, the billion-dollar Seattle-area startup that is a leader in identity authentication software, is being acquired by Okta, another leader in the space, the companies announced Wednesday. The all-stock deal is valued at approximately $6.5 billion — one of the largest acquisitions of a Seattle company.
> 
> Auth0 was co-founded in 2013 by Eugenio Pace, who formerly ran the patterns and practices group at Microsoft. The startup’s valuation of $1.9 billion, as of July 2020, made it a rare Seattle unicorn.

Founders’ Co-op, which [announced a new fund this week](https://siliconflorist.com/2021/03/02/seattle-based-investor-founders-co-op-closes-largest-fund-yet/), was also an early investor in Auth0.

For more information, see the [Okta press release](https://www.okta.com/blog/2021/03/okta-auth0-powering-identity-for-the-internet/) and [coverage in GeekWire](https://www.geekwire.com/2021/okta-pay-6-5b-acquire-seattles-auth0-identity-tech-startup-valued-1-9b-last-year/).