As always, I’ll start this with the caveat that I promised Bill Lynch, cofounder of Jive, that I wouldn’t just write posts that celebrate funding for the sake of funding. Which is actually more work. (Thanks, Bill.) But in the long run, I’m hoping my bag-full-of-cats startup-history brain full of tangential facts and likely little known context can be helpful in providing a broader picture of why these funding events are important.
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
What started with “building a bank that doesn’t suck” has resulted in building a product offering that has gotten sucked up by a bank. Portland startup Simple has been acquired by global banking presence BBVA for a reported $117 million. Read More
And the hits just keep on coming.
Fast on the heels of Portland Seed Fund alum Vizify closing a round, PSF alum 4-Tell announced today that they had closed a $1 million round. Erik Siemers at the Portland Business Journal broke the news. Read More
For all of the good things happening in the Portland startup scene, there’s one area where we’re clearly still maturing: successful exits which result in capital reinvested in the startup community.
But we’re beginning to see glimmers of hope. Like Nitin Khanna, CEO of MergerTech who—following a successful exit from Saber in 2007—has begun to invest capital in a number of early stage startups here in Portland. Read More
It’s not often you see local money investing in local tech. It’s even more rare that local money decides to bet on mobile tech.
That’s why I’m incredibly pleased to share that the Oregon Angel Fund and the Bellingham Angels Group have decided to invest $1 million in Meridian, a Portland company that helps you find your way around large venues using your mobile device. Read More