Portland Seed Fund plans second round

Portland Seed Fund plans second round

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.

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