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Portland Seed Fund

North America, Oregon, United States, Portland

Description

Portland Seed Fund (PSF) is a well-established early-stage venture capital firm headquartered in Portland, Oregon, founded in 2010. It has consistently positioned itself as a cornerstone of the Pacific Northwest's burgeoning startup ecosystem, with a primary focus on companies emerging from Oregon and the broader region. PSF's investment thesis centers on identifying and nurturing promising seed-stage ventures across diverse sectors, including software, hardware, consumer products, and life sciences, demonstrating a broad yet strategic approach to portfolio construction.

The fund's investment strategy is characterized by its commitment to providing not just capital but also significant operational support, mentorship, and access to a robust network of advisors and industry experts. PSF typically provides initial investments ranging from $100,000 to $750,000, aiming to catalyze growth and help companies achieve critical milestones necessary for subsequent funding rounds. This hands-on approach underscores their belief in active partnership with their portfolio companies, helping them navigate the challenges of early-stage development.

Over its operational history, Portland Seed Fund has built an impressive portfolio, having invested in over 170 companies. This extensive track record highlights its deep engagement with the regional startup community and its role in fostering innovation. The firm is often recognized for its strong performance and its significant contribution to the economic vitality of the Pacific Northwest, consistently demonstrating its ability to identify and support high-potential ventures from their nascent stages.

Investor Profile

Portland Seed Fund has backed more than 212 startups, with 3 new investments in the last 12 months alone. The firm has led 4 rounds, about 2% of its total and boasts 28 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series Unknown, Series A rounds (top funding stages).
  • Majority of deals are located in United States, Australia, Finland.
  • Strong thematic focus on Software, SaaS, Enterprise Software.
  • Typical check size: $100K – $750K.

Stage Focus

  • Seed (58%)
  • Series Unknown (13%)
  • Series A (11%)
  • Convertible Note (9%)
  • Pre Seed (4%)
  • Series B (2%)
  • Debt Financing (1%)
  • Angel (1%)

Country Focus

  • United States (97%)
  • Australia (1%)

Industry Focus

  • Software
  • Saas
  • Enterprise Software
  • Analytics
  • Mobile
  • Internet
  • E-commerce
  • Information Technology
  • Health Care
  • Social Media
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Portland Seed Fund frequently co-invest with?

Starve Ups
North America, Oregon, United States, Portland
Co-Investments: 5
Techstars
North America, Colorado, United States, Boulder
Co-Investments: 8
Seven Peaks Ventures
North America, California, United States, San Francisco
Co-Investments: 15
Oregon Venture Fund
North America, Oregon, United States, Portland
Co-Investments: 22
Flying Fish Partners
North America, Washington, United States, Seattle
Co-Investments: 4
Cascade Seed Fund
North America, Oregon, United States, Bend
Co-Investments: 14
Rogue Venture Partners
North America, Oregon, United States, Lake Oswego
Co-Investments: 19
The R-Group
North America, Oregon, United States, Portland
Co-Investments: 14
Elevate Capital
North America, Oregon, United States, Hillsboro
Co-Investments: 5
Alliance of Angels
North America, Washington, United States, Seattle
Co-Investments: 9

Which angels does Portland Seed Fund often collaborate with?

BW
North America, California, United States, Los Angeles
Shared Deals: 2
CW
North America, Texas, United States, Austin
Shared Deals: 1
NK
North America, Oregon, United States, Portland
Shared Deals: 2
MS
North America, California, United States, San Francisco
Shared Deals: 2
AJ
North America, Oregon, United States, Portland
Shared Deals: 1
GR
North America, Washington, United States, Bellevue
Shared Deals: 1
CL
North America, California, United States, San Francisco
Shared Deals: 3
AB
Shared Deals: 1
Ankit Bhati
Asia, Karnataka, India, Bangalore
Shared Deals: 1
JS
North America, Texas, United States, Austin
Shared Deals: 2

What are some of recent deals done by Portland Seed Fund?

SurgiVance Inc.

New York, New York, United States

Revolutionizing the pathology workflow from biopsy to histopathological image

Health CareHealth DiagnosticsMedical Device
GrantJul 22, 2025
Amount Raised: $2,245,000
Rapta

Tigard, Oregon, United States

Rapta Supercharges US Manufacturing with an Agentic AI Platform that eliminates errors in real time and automates tasks 30x faster.

Artificial Intelligence (AI)Enterprise SoftwareManufacturingQuality AssuranceSoftwareTraining
SeedJun 6, 2025
Amount Raised: $2,700,000
Reperio Health

Portland, Oregon, United States

Reperio offers a patented at-home health assessment technology that's immediately followed by an on demand, AI-assisted virtual visit.

Employee BenefitsHealth CareHealth DiagnosticsLife SciencePersonal Health
Series UnknownApr 19, 2025
Amount Raised: $14,000,000
OpConnect

Tigard, Oregon, United States

OpConnect specializes in EV charging solutions, dedicated to reducing greenhouse gas emissions through transportation electrification.

Electric VehicleElectronicsSoftwareTransportation
Series UnknownSep 11, 2024
Amount Raised: $5,300,000
Backpack Healthcare

Elkridge, Maryland, United States

Backpack Healthcare is a digital mental health company that focuses on youth, family behavioral, and mental healthcare.

Health CareMedicalMental HealthPersonal Health
Series AMay 7, 2024
Amount Raised: $14,000,000

Trace is the simplest way ever to make AR recordings and experiences for brands, retail, training and more.

Augmented Reality
Pre SeedApr 24, 2024
Amount Raised: $2,000,000
PUG ai

Los Angeles, California, United States

A career management software with AI tools and digital human coaches to help individuals upskill and land career opportunities.

Artificial Intelligence (AI)Career PlanningEdTechInformation TechnologyInternetSoftware
Pre SeedApr 10, 2024
Digs

Vancouver, Washington, United States

Digs uses AI to power experiences that unlock happier homes.

Artificial Intelligence (AI)ConstructionSmart Building
SeedJan 25, 2024
Amount Raised: $7,000,000
InVivo Biosystems

Eugene, Oregon, United States

InVivo Biosystems is using alternative, non-mammalian model organisms in early biological and biomedical research.

BiotechnologyLife ScienceTherapeutics
Series UnknownJan 3, 2024
Amount Raised: $3,000,000
ToolBelt

Vancouver, Washington, United States

ToolBelt is the #1 job platform connecting the residential construction industry.

ComputerSoftwareSoftware Engineering
Series UnknownDec 5, 2023
Amount Raised: $3,200,000