Portland startups, open source, and tech news, jobs, and events #pdx
Nate is always cheerleading for others, willing to help and dedicated to being a true ally. He will help if he can and connect if he can, with no strings ever attached. He and his wife are amazing people who live their values of love, compassion and service.
— Patricia Raicht
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Being part of PREGAME has given me the clarity and accountability I need to stay on track to hit my goals. I appreciate that she’s able to see my company vision when I’m lost in the weeds, suggests strategies and tactics to keep me moving towards goals, and is always willing to break into karaoke tunes!
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With the seemingly ever increasing sizes of venture rounds these days, a $60 million round might not be eye popping for many folks. But it is for me. Especially when it’s a local Series A number. And that’s what Vancouver’s Embed — formerly known as Embedded — just raised.
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With all of the funding announcements bouncing around, it’s always nice to hear how the startups plan to use the capital they’re raising. Like Portland startup The Dyrt, which plans to use an $11 million capital infusion to double the employee base of the company by adding 30 new roles.
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According to Crunchbase, Oregon was ranked 24th in the US in terms of Series A and Series B venture capital raised during the second and third quarters of 2021 — with a total of $119 million raised. They also noted that this marked an improvement of 88% over the same time period, last year.
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Mat is a tireless supporter of startups in Portland. He has also been a great mentor and coach for myself and other leaders. He has a bottomless well of empathy for founders and the struggles of running a startup, managing investors, and working with employees.
— Andrew Plato
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According to Portland Inno, a publication of the Portland Business Journal:
Cascade Seed Fund II has completed its first close and the team can start investing. The first fund was $6 million, after fundraising was cut short by the onset of the Covid-19 pandemic. The managing directors, Julie Harrelson and Robert Pease, have completed all the new investments that can happen for Fund I.
I always say that Portland built its tech startup community on “engineers building tools for other engineers.” That began as far back as Tektronix and continues today with companies like Puppet and Sila. That being said, it’s always nice to see consumer facing tech startups beginning to find success here, as well. Like Shop Latinx, which just secured $1 million in funding.
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Lately, there’s been a great deal of breathless media coverage about the recent spate of local initial public offerings. Especially because they’ve come after a lengthy drought for the region, in that regard. But all of these local IPOs have one curious thing in common: none of them were actually Portland companies. Absci is in Vancouver. Dutch Bros is Grants Pass. And ESS is Wilsonville. But now, a Portland tech company promises to truly end the dearth Portland — and Portland tech — IPOs. Expensify has filed to go public.
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Amanda’s efforts and leadership of Oregon Entrepreneurs Network (OEN) over the past nine months have created incredible opportunities for Oregon-based startups. Her partnerships with Oregon Venture Fund (OVF), Business Oregon, and many other investor and mentor groups have revitalized the Portland startup scene in what has been a challenging year. She doesn’t do what she does for the money (though maybe she should) or the fame, and it shows. We’re all learning a lot from Amanda this year.
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