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Tag: madrona

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

We have ignition: Portland’s ShopIgniter secures $3 million in venture capital, snags new CEO from lead investor Madrona

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.

[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