Many of these companies have already raised additional seed capital during the 90-day period, getting a big head start on life after Portland Seed Fund
Portland, Oregon (PRWEB) June 07, 2012
The Portland Seed Fund graduated nine companies after completing a 90-day intensive start-up boot camp. They presented at Demo Day on Wednesday to an invitation-only audience of West coast angel and venture capital investors.
The second Portland Seed Fund Class 02 graduates are mostly software and mobile application development companies with products at varying stages of development and experience, but all will call Portland home. Each receive a $25,000 initial investment to help further develop their growth. Each have an interesting story.
"These companies have made major progress in 90 days, not just on their products but on their approach to revenue and customers as well," said Angela Jackson, co-managing director and co-founder of Portland Seed Fund with Jim Huston. "Many of these companies have already raised additional seed capital during the 90-day period, getting a big head start on life after Portland Seed Fund," said Huston.
Portland Seed Fund Class 02:
Beeminder tracks your goals and makes you stick to them. It plots your progress along a Yellow Brick Road and if you go off track, they take your money. Founded by computer scientists with backgrounds in data analysis and incentive systems, Beeminder has thousands of devoted users. @bmndr
Cloudability is the simple way to track and control cloud costs across all of your IaaS, PaaS and SaaS. Just a year old and based in Portland, OR Cloudability already has 3,000 users in 80 countries managing $75M – and growing daily – of cloud spending. @cloudability
Gliph allows you to connect with others safely online without having to share personal and private information. @gli_ph
Globesherpa – Secure, convenient mobile ticketing for transit commuters and more. Secure, convenient mobile ticketing for transit commuters and more. @globesherpa
Good Works Now produces cloud-based solutions to modernize the infrastructure for non-profits to increase revenue, donor base, board accountability, and online reputation management. @goodworksnow
Indow Windows - the only non-tech or mobile company this term, Indow Windows makes thermal window inserts that press into place on the inside of window frames, offering double pane window performance without the hassle and price tag. It has developed a custom IT system for managing all aspects of the value chain: estimation, window measurement, and manufacturing. @indowwindows
SERPs.com is a search engine optimization monitoring dashboard. It deeply enhances Google Analytics with link, social & keyword data for daily insights to improve traffic. Early customers include simple.com and customink.com. @scottkrager
ShowKicker enables fans to crowd-source events on the web, capturing more money for artists and venues and gets fans into the right shows. It delivers pre-sold audiences for promoters and reduces their risk. ShowKicker makes the shows venues want to book and that people want to see. @ShowKicker
Superb.ly (formerly Tell it in 10) is an SaaS platform for investors, lawyers and entrepreneurs to collaborate on deal documents and due diligence. @superb_ly
About The Portland Seed Fund
Portland Seed Fund is a professionally managed seed investment fund led by co-founders and co-managing directors Angela Jackson and Jim Huston. Portland Seed Fund’s portfolio includes 17 high-growth, capital-efficient companies concentrated heavily, but not exclusively, in software and mobile development. Companies receive an initial $25,000 investment and dive in to a 90-day intensive program of coaching, networking, education and product-building. They are surrounded by mentors, a peer group of entrepreneurs who understand their challenges and share successes, and help sourcing customers and securing future capital.
To date, Portland Seed Fund has invested $500,000 and its companies have leveraged more than $5 million in additional investment and generated 65 jobs in less than a year of operation.
Investors in the $3 million Portland Seed Fund include City of Portland, Oregon Growth Account, City of Hillsboro / OEN Catalyst Fund and 24 individual accredited investors. Portland Seed Fund sponsors include White, Summers, Caffee & James, LLP, a premier boutique corporate law firm with offices in Portland and Silicon Valley; Perkins & Co. accounting firm, Bank of the Cascades, Ziba Design and Portland State University Business Accelerator.