Tag: million

PHP Fog gets $8 million and a new name: AppFog

A little late on this one, but I wanted to make sure that you knew about it. Especially because it’s another startup getting funding. It’s been a busy few weeks for Portland in that regard.

The latest company to gain additional funding for its pursuits? AppFog which just secured $8 million in investment led by Ignition Partners. Never heard of them? It’s no wonder. It’s the new name for PHP Fog. Read More

How do you raise a million dollars in Portland in this economy? These folks will tell you, this Tuesday

When it comes to running a startup in Portland, one of the most common misconceptions has to be the “it’s impossible to raise money in Portland” one. Now, it’s not easy. But it’s not impossible.

How do I know? Well, because people have been raising money. Even in this economy. And on Tuesday, Starveups is going to let some of those money raising folks share their stories. What’s more, they’d like you to come hear them. Read More

Jive Software lands an additional $30 million, bringing more Kleiner Perkins Caufield & Byers money to Portland

So when Jive announces that they’ve secured another $30 million in funding, I’m going to cover it. Because some of that cash is going to come through the Portland office. And because the investor—juggernaut Kleiner Perkins Caufield & Byers—just happens to be the firm that just dropped $5 million in Puppet Labs’ proverbial pockets.

[HTML3]Yes, yes. There has been much discussion about Jive Software and their decision to move Jive corporate headquarters from Portland, Oregon, to those more southern climes near that bay thing. But fact of the matter is, Jive spent a good deal of time as a startup headquartered right here. And they continue to be part of our community.

So when Jive announces that they’ve secured another $30 million in funding, I’m going to cover it. Because some of that cash is going to come through the Portland office. And because the investor—juggernaut Kleiner Perkins Caufield & Byers—just happens to be the firm that just dropped $5 million in Puppet Labs’ proverbial pockets. Read More

Ideas 4 Oregon: Meyer Memorial Trust thinks you have a million dollar idea for Oregon

Meyer Memorial Trust (MMT) is upping the ante on a penny for your thoughts by offering a crowdsourced innovation contest called Ideas 4 Oregon

You know as well as I do that Oregonians are driven by a creative and entrepreneurial spirit. That spirit is part of Oregon’s heritage—dating back to those entrepreneurs who arrived here on the Oregon Trail—and that same spirit remains a distinct part of its culture—even today as the economy is less than inspiring.

Meyer Memorial Trust (MMT) recognizes that spirit exists but they think it may need a little kick in the pants. And to prove it, they’re upping the ante on “a penny for your thoughts” by offering a crowdsourced innovation contest called Ideas 4 Oregon that will result in at least one lucky idea—and possibly more—receiving one million dollars to bring it to life. 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

Urban Airship rapidly ascends with $1.1 million in funding

Urban Airship – which provides infrastructure for mobile messaging services like Apple Push Notifications for iPhones – has secured $1.1 million in funding, led by True Ventures.

[HTML2]It’s not often that I get to break news. So I always tend to cherish the few moments that I do. And this one is special for any number of reasons. One, it’s a Portland startup in the mobile space. Two, they’re receiving a respectable amount of funding to continue doing what they do, faster. Three, it’s a company that’s less than a year old pulling in seven figures of cash. And four, these are people I’m lucky enough to see almost every day.

That’s a lot of reasons to be happy. So I couldn’t be more ecstatic to finally announce that Urban Airship—the company that supports the mobile development community by providing infrastructure for mobile messaging services like Apple Push Notifications for iPhones—has secured $1.1 million in funding, led by True Ventures. Read More

Twas the night before Venture Northwest: Giftango finds $1.4 million under the tree

Northwest Innovation and Paid Content unwrapping gifts a little early by reporting that the Giftango had secured $1.4 million of a potential $2.1 million first round.

Sometimes, you get to open gifts before the big day. Such is the case with Portland-based Giftango who—as they prepare to take the stage at Venture Northwest on Thursday—had Northwest Innovation and Paid Content unwrapping gifts a little early by reporting that the Giftango had secured $1.4 million of a potential $2.1 million first round.

That’s a respectable chunk of change for a Portland-area startup—especially one that might not be on our respective RADARs.

So what do they do? Read More

Portland’s Jive Software secures another $12 million in venture capital from Sequoia

Portland-based Jive Software certainly has a little more ammo in the old war chest. And it’s all thanks to another investment from Sequoia Capital—to the tune of $12 million.

While it may be hard for folks to agree on whether venture capital investing is on the rise or decline, one thing is for sure: Portland-based Jive Software certainly has a little more ammo in the old war chest. And it’s all thanks to another investment from Sequoia Capital—to the tune of $12 million.

That brings Jive’s VC total to $27 million. What are they going to do with the extra cash? Read More

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