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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An investment from Elevate Capital results in a new Beaverton startup
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.
Read MoreGlobeSherpa cofounder Nat Parker joins Elevate Capital as entrepreneur in residence
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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