Portland, Oregon (PRWEB) March 21, 2013
PrestoBox, an online software startup and the world’s first automated branding agency, is proud to announce its selection into the Portland Seed Fund,a publicly backed startup investment fund. PrestoBox is part of the fourth class of the original $3 million fund and is the fund’s first investment with women in both of the lead co-founder roles.
“We look forward to partnering with the Portland Seed Fund,” commented Elicia Putnam, CEO of PrestoBox. “We will immediately accelerate development of our core products to create logos, business cards, and websites for small businesses at really affordable prices. The cash investment combined with the mentoring, network and peer support will be a great catalyst for PrestoBox.”
The seed fund looked at between 250 and 300 companies for this class. This is the last class in the seed fund's original $3 million fund, which has collectively attracted $20 million in additional backing.
“PrestoBox is a strong addition to our investment portfolio. And we’re thrilled that it is a female-driven company,” said Portland Seed Fund Managing Director, Angela Jackson.
PrestoBox was established in April 2012 by a group of passionate brand believers who understood the disruptive power of technology. Elicia Putnam, CEO, formulated the idea for PrestoBox after 12 years of running a regional agency where she developed a highly collaborative branding methodology. Elicia partnered with Sara Conte, fellow investor and entrepreneur, to explore the business concept early in 2012. They filed a provisional patent and began developing the framework of bringing this innovative solution to market.
PrestoBox is the world’s first automated branding agency. Melding a patent-pending technology with top-tier design, PrestoBox offers a disruptive and highly scalable solution that helps small businesses quickly build a personalized branding and marketing toolkit at a fraction of what it used to cost. Small businesses spend $250 billion each year branding – PrestoBox makes this fun, easy and affordable. The company was founded in 2012 by a group of passionate brand believers and is located in Portland, Oregon.