Thursday, December 22, 2011
Two members of the Portland Incubator Experiment have landed investments—Cloudability and Athletepath.
Today, network management startup Cloudability plans to announce that it's arranged $1.1 million in backing led by investment firms Trinity Ventures and Walden VC. The new funds also include $255,000 from individual investors in Portland.
Separately, another soon-to-be minted PIE alum—Athletepath, which provides social networking services for bicycle and running races—has secured $300,000, led by the Willamette University Angel Fund and members of Portland's tech community.
The investments are another hopeful sign for Oregon's entrepreneurial community, which is enjoying its best funding year since the dot-com era. It's also a plus for PIE, which is about to begin recruiting candidates for its second class.
Read more at OregonLive.com.