Tag: Funding

Portland funding gets cloudy and foggy: Madrona leads $1.8 million investment in PHP Fog

Portland-based PHP Fog—a new startup that provides cloud-based hosting and dynamic scaling for PHP-based projects—has announced $1.8 million in funding, led by Seattle’s Madrona Venture Group.

Yes, yes. I know I’m supposed to be all jazzed about the iPhone being available on the Verizon network now. And I am. That’s great news. But you know what has me more wound up? Funding. For a Portland company.

That’s right. Portland-based PHP Fog—a new startup that provides cloud-based hosting and dynamic scaling for PHP-based projects—has announced $1.8 million in funding, led by Seattle’s Madrona Venture Group. Read More

Kickstarter loses one Portland connection but gains another. (And it happens to be their most successful project ever.)

Now, you may have seen mention that Kickstarter had a Portland connection. It did. That was when Andy Baio was working there from his home here in Portland.

But Andy has moved on to another project and another town. Which meant that—unless one of you went after funding on Kickstarter—I wouldn’t really be writing about it. Well, turns out that a company with a Portland tie did just that. And their bid for funding just happened to be oversubscribed by about 6200%. Read More

How Dachis Group’s $30 million in funding relates to Portland, Oregon

At the beginning of the week, a whole bevy of tech companies announced funding. Among them? The Dachis Group, “the world’s largest Social Business consultancy.”

Now, yes, there is a Razorfish outpost here in town. And yes Jeffrey Dachis—founder of Dachis Group—helped found Razorfish back in the day. But that’s not the connection I’m seeing. No, the connection is a little less direct. But interesting nonetheless. Read More

To buckle up, please insert the metal tab… Urban Airship lands $5.4 million and 25,000 square feet of office space

Urban Airship, makers of awesome services that help iPhone and iPad developers make stronger connections with their customers by doing less coding, announced $5.4 million in funding and a huge new office space in the Pearl.

Big big news coming out of the Portland startup scene in the wee small hours of last night. And now that you’ve had your cup of coffee or tea or whatever, why don’t you take a moment to settle in and catch up. Ready? Okay.

Urban Airship, makers of awesome services that help iPhone and iPad developers make stronger connections with their customers by doing less coding, has dropped a whale of release. They’ve announced $5.4 million in funding—bringing them up to $6.5 million total—and a huge new office space in the Pearl. Read More

Mentors, user groups, and seed funding: Portland Development Commission finishes up the startup and tech community conversation

For all the awesomeness that is the Portland startup and tech scene, there are still a few things that could use a little work. Things like finding mentors to help startups and founders find success. Establishing funding—like the Portland Seed Fund—to help sustain the efforts of entrepreneurs. And providing space for ad hoc and organized groups and events to gather.

Well, the Portland Development Commission (PDC) wants to help solve those problems. All of them. Because it’s really only a combination of all of them that will help us build a sustainable startup environment around here. But to do that, the PDC needs your feedback, please. Read More

Virtual gift cards mean real cash for Portland’s Giftango, in the form of $5 million in funding

Portland Oregon based Giftango just secured more than $5 million in Series B funding

Even in this economy, gifts and rewards are big business. And few companies know that better than Portland’s Giftango, a company looking to simplify the distribution and management of “stored value” by helping that industry transition from physical gift cards to virtual ones.

And from the looks of things, other folks are liking what they’re doing. You see, Giftango just secured more than $5 million in Series B funding. Read More

Bend Venture Conference: Tech startups ActiveTrak, CPUsage, LogicBox, Manzama, StreamIt, and Web Blox vie for venture funding

It’s getting to be that time of year again. The time when the competitions heat up for startups looking to impress venture capitalists. Okay. Maybe that’s actually all year.

Whatever the case, it’s time for the Bend Venture Conference where startups will be vying for $175,000 in funding. Read More

SweetSpot hits the… Oh. Um. Well, it secures seed funding for diabetes data services

When it comes to technology, health care, ironically, tends to fall closer to the rusting edge than the bleeding edge. But that shortcoming is a boon for startups that can figure out how to use today’s technology to solve health care’s problems—both for providers and patients.

One such company is Portland-based SweetSpot, a startup that seeks to help diabetics and their care givers better manage health information by providing a central resource for blood glucose tracking and reporting. And today, Sweetspot is one step closer that helping fix its own corner of health care, thanks to a round of seed funding. Read More

Puppet Labs proves Portland open source startups can find funding (to the tune of $5 million)

It’s always nice to hear about Portland startups securing capital. It’s downright exciting when you hear that a local open source startup is getting funding.

And that’s the case today with Puppet Labs—the makers of a leading open source server configuration management and provisioning solution—as they announced that they have closed a $5 million second round, led by Kleiner Perkins Caufield & Byers. Read More

Second Porch finds a home for a $1 million investment led by Oregon Angel Fund

This week, Second Porch announced that they have secured $1 million in investment led by the Oregon Angel Fund.

During a SXSW panel on startups in smaller metropolitan areas, I spent some time talking about how venture capital was a bit more difficult to come by in towns like Portland. But I’ll be darned if some awesome Portland startups—like Urban Airship, ShopIgniter, and ActiveTrak—aren’t working to prove me wrong. And now? Another Portland startup has joined the list.

This week, Second Porch announced that they have secured $1 million in investment led by the Oregon Angel Fund. Read More

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