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.