The Portland Seed Fund is halfway through its $3 million funding round, and already plans a second $5 million round.
At its halfway point, the initial, $3 million fund has now backed 17 companies in two groups. It announced its third class of startups last week, and plans a fourth early next year.
Each company starts off with a $25,000 investment and gets more later, based on its progress.
Read more at OregonLive.com.