If you’ve been following the ongoing “Bay Area Brain Drain” exodus news, you’re seeing a few startup hubs coming to the fore. Miami is quickly becoming the go to spot for a number of reasons. Atlanta continues to assert its dominance. And tried and true Austin remains a perennial favorite for those escaping the valley of silicon. But where is the Pacific Northwest mention in this whole thing?Read More
There are any number of venture capital firms outside of Oregon that regularly invest in the Portland startup community. One of those firms — which also boasts a few Portland exits — is Madrona Venture Group out of Seattle. Since they’ve already exhibited a willingness to invest in Portland, I thought it might be valuable for Portland startups to have a better understanding of Madrona’s investment themes for 2020.Read More
Yes. $200 million. For a Portland startup. It’s really really easy to blanche at that number. I get it. It’s a big number. Especially for a homegrown Portland company in the software world. And were this earlier in the life of Silicon Florist, I could have easily focused on the number, cheered for a company raising that much, and moved along my merry little way.
One of Portland’s quietly successful startups, Cedexis, has been acquired by Citrix. I say “quiet” because, like many startups in town, the company kept a fairly low profile, all while providing behind the scenes business-to-business services for a wide variety of brand name customers around the world. And while they were relatively quiet locally, Citrix—who also invested in Cedexis—was well aware of them, as was the entire cloud industry.
I’ve been following the Opal crew for quite some time. It’s been an interesting journey to say the least. With any number of hurdles. And any number of changes. But they’ve continued pushing and persevering. And while I’m not touting funding as much as I used to, this seems like one of those times where it’s warranted. Opal just raised $8 million in a round led by Madrona. Read More
ShopIgniter is kind of one of those quiet startups around Portland. There isn’t a great deal of hubbub around them. Not a great deal of hype. Last year they quietly landed $3 million. Today, ShopIgniter quietly announced that they had landed another $8 million in Series B. Read More
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
[HTML2]Well, well, well. Seems like today is an Ignite Portland day in more ways than one.
And it also seems that “can’t get funded in Portland” argument continues to spring leaks in 2010. First, Urban Airship found funding. And now Portland-based ShopIgniter—an open source ecommerce platform that’s betting on social media as the next big retail venue—has secured $3 million in venture capital led by Madrona Venture Group. What’s more, it says just as much that former Yahoo! Matt Compton of Madrona was so impressed, he’s decided to join ShopIgniter as the new CEO. Read More