Portland startup Streem, itself the second chapter for a founder who went through an acquisition with his company ONtheGO Platforms, today announced that they are acquiring Selerio, a London startup focused on the AR space.
You’ve no doubt heard about Sightbox — or maybe seen their logo on the Portland Timbers jerseys. They’re the Portland startup that was successfully acquired by Johnson & Johnson. An acquisition that made any number of local investors’ IRR look pretty darn good. Now, they’ve got a renewed focused on being an active participant in the Portland startup community. And the first step? Showing you where they work.
One of my concerns about the Portland startup community is that it often takes a significant amount of time for companies to find their way to an exit. And for venture funded companies, it’s all about the exit. So it was a pleasant surprise to see two Portland companies involved in an acquisition—especially when one of those companies was still on the earlier stages of growth. Puppet has acquired Reflect.
One of the challenges with the Portland startup community has always been achieving exits that generate capital and connections that can be reinvested into the next generation of companies in our community. So it’s always nice to see an exit. But it’s even nicer when that exit is a company founded by a Portland native who is interested in giving back to the community. That’s why I’m happy to announce that Portland startup Vault has been acquired by Acorns.
So this is interesting. For all the positives of the Skyward acquisition today, it still had one issue that has been consistently part of our “liquidity event” stories: it was a solitary event. Portland doesn’t have multiple exits happening in rapid succession. We don’t get the opportunity to build momentum. Or at least we didn’t… but it may be starting. Because Portland based Kavi announced their acquisition by Higher Logic today, too. Read More
It’s always a telling sign when Portland companies gather the wherewithal to begin making acquisitions. And that’s why I thought it was important to share that Cloudability has just acquired the assets of their former competitor, CloudVertical. Read More
If I’ve said it once, I’ve said it a thousand times: the Meridian exit is the most underrated exit in Portland startup history. And with that info, you also have to recognize that any chance I have to refer to that positive exit, I will. Like today, when it was confirmed that HP was acquiring Aruba for around $3 billion. Read More
In a day and age when many acquirers waste the value of acquisitions, it’s always nice to see companies actually using acquisitions to greater effect. And that’s just what TigerLogic has done with the latest version of Postano—one of the early players in the visual aggregation space—by integrating functionality from Storycode, which they acquired late last year. Read More