Willamette Week's Spring Membership Drive

If you rely on WW for news, we're asking you to become a Friend of WW today. Every dollar from readers makes a real difference.
Click here to donate.

Portland Sees a 674 Percent Jump in Startup Funding

But PDX is still a small fish in the VC pond.

By Aaron Mesh

Does it seem like tech money is suddenly flooding into Portland? It is.

A new study by investment website Mattermark shows Portland is bucking a national trend of declining venture-capital funding for startups. While most U.S. cities experienced a drop in startup fundraising from the first quarter of 2015 to the first quarter of 2016, Portland saw a 674 percent jump to $42.6 million.

That may seem like a lot of money—but it's still a drop in the ocean compared to the San Francisco Bay Area, which endured a 19 percent funding decline in the same period but still raised $1.74 billion in a quarter.

Page7_graph_WW_4225

GO: WW sponsors TechFestNW at the Armory, 128 NW 11th Ave., on Monday and Tuesday, April 25-26.

Willamette Week

Thanks for reading our story! If you find value in what we’re doing, support our Spring Membership Drive today.