Seed Fund announces third class of startups

Seed Fund announces third class of startups

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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