Portland, Oregon, startup news, open source, and tech news, jobs, and events #pdx
Portland’s largest chamber of commerce, the Portland Business Alliance, is gathering a panel to speak during a breakfast forum that will focus on perspectives and insights on the Portland startup community for its members.
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This morning, Autodesk announced the intention to acquire Portland extended reality (XR) startup The Wild, which has significant applications in collaboration for the architecture and engineering world. This milestone also marks a significant event for the local venture capital community as The Wild counts local firms Elevate Capital, Ideaship, Oregon Venture Fund, Portland Seed Fund, and The R Group among its investors.
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It’s been an interesting 18 months for event management and virtual event platforms. To say the least. With so many new players and new concepts for how we can meet, it makes sense that we’d see some consolidation in the market. And that has had a positive impact on a local startup. Vancouver, Washington, startup Hubb has been acquired by Intrado Digital Media.
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Nat Parker, the cofounder of GlobeSherpa — one of the early players in the post mortgage crisis Portland startup community that was acquired by Daimler, has returned to the startup community. He’s now COO of Traffic Technology Services in Beaverton, Oregon.
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Another local venture capital fund has leveraged the success of its previous efforts to raise another larger fund. Portland based Elevate Capital has announced hitting the first close on their $40 million fund II. And they’ve already started cutting checks out the fund.
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Stop me if you’ve heard this one before. A company manages to land early stage capital and, in so doing, decides to move their headquarters from their founding city to a city closer to their investor. Of course you’ve heard it. It’s something that regularly happened to Portland companies not so long ago. But today, there’s a new twist. Instead of companies leaving town, folks are starting to relocate those headquarters to Portland. And this time, at least part of that decision was thanks to a local investor.
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This morning, The Oregonian is reporting that Nat Parker, cofounder of Portland startup GlobeSherpa which was acquired by Daimler, is joining Elevate Capital as an entrepreneur in residence. [UPDATE: And I just caught Malia’s post on it, too.] But there’s eine kleine twist.
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Over the past ten years, we’ve seen a change in venture capital in Oregon. Previously dominant VCs have stopped investing or become less active while a series of new players have entered the market. And outside investment—folks from other states who have invested in Oregon companies—has definitely seen an upswing. But who are the new leaders in VC in Oregon startups—and are they local? PitchBook crunched some numbers for us.
Last week, I shared a post written by a Portland founder, recounting his experience while working to raise early stage capital, here in Portland. The post immediately sparked a conversation among Portland founders. And soon, Portland investors joined the conversation, as well. Read More
If you tend to follow a lot of Portland startup folks on social media, there’s no doubt that, today, your social streams were lit up with images of the governor of Oregon in a Microsoft HoloLens, a jam-packed crowd at Oregon Story Board, and news of Portland’s newest VC, Elevate Capital, and the big reveal of their first six investments—with four technology local startups among them. Read More