Seed Fund announces third class of startups

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Tuesday, September 11, 2012

The Portland Seed Fund announced its third class of startups, including seven Portland companies and one from Iceland.

The Icelandic company, a mobile commerce specialist called Mobilitus, will move to Portland but retain an office in Iceland.

The city of Portland launched the seed fund last year with $800,000 in public funds, augmented with money from private investors, the city of Hillsboro and the state-sponsored Oregon Growth Account. The Seed Fund has raised $3 million altogether.

Read more at OregonLive.com.

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