|Fund I, 1/11||$3M|
The Portland Seed Fund finds and surrounds the most promising seed-stage companies with capital, mentoring and contacts to nurture vigorous economic growth in Oregon.
The Portland Seed Fund selects entrepreneurs with a great idea and the passion and grit to see it through. They invest in classes of 6-8 entrepreneurs at a time, start them with an initial $25,000 investment, and see what they do in 90 days. They surround thee companies with mentors, subject matter experts and a peer group of entrepreneurs that understand their challenges and share their successes. Portland Seed Fund also reserves follow-on capital for top performers and introduce them to other funders, partners and acquirers. The cycle is repeated every six months, resulting in ~25 investments every two years. Portland Seed Fund is sector-agnostic in investments and favor capital-efficient, highly-scalable companies with high-growth potential.
The Portland Seed Fund was established in 2010, beginning with a $500,000 grant from the Portland Development Commission. As of Jan 2012, the fund had raised $3 million from government backed entities and private investors. It is managed by Bridge City Ventures, which does business as Portland Seed Fund.
|Tell It In 10||3/12||Seed||$25k||1|
|Good Works Now||3/12||Seed||$25k||1|