Description
Portland Seed Fund (PSF) is an **early-stage venture capital fund and startup accelerator based in Portland, Oregon, USA that invests in pre-seed and seed-stage companies, especially those in the Pacific Northwest with capital-efficient, scalable business models.
Specific Funding Stage
Pre-Seed / Seed: Core focus on early-stage companies with initial traction or MVP.
Early Institutional: Participates in seed rounds and often supports follow-on investing in companies that demonstrate momentum.
Investment Amount and Percentage Equity (Company-Level)
Typical Investment Size:
• Initial checks are generally ~$25,000–$50,000 per company as part of its flagship mentor-led program.
• Some sources and follow-on programs indicate initial investments frequently reach $50,000–$100,000, and for larger follow-on opportunities (such as via the Intrepid Oregon Fund), initial deployments range from ~$100,000 to ~$250,000 in select companies.
Equity Taken:
• PSF does not publicly publish a fixed equity percentage it takes in every company as a condition of investment — like many VC funds, ownership is negotiated on a deal-by-deal basis tied to valuation, round size, and investor participation.
• Industry context for seed stage: early institutional investors typically take minority equity positions often in the single-digit to low-double-digit range depending on capitalization and valuation (e.g., ~5%–20%), though the exact position for PSF is determined per deal.
Equity Structure:
• Investments are made via priced equity or convertible instruments (SAFEs/notes) depending on round structure with founder negotiation — standard early VC practice.
Application / Submission Method
Submission Method: Founders typically apply through the Portland Seed Fund website or associated accelerator application portals; PSF runs cohorts (“classes”) of 8–10 companies and reviews applications on a set schedule.
Program Cycle: Companies selected are invested in and participate in a 90-day mentor-led support cycle focused on operations, financing, and marketing before demo presentations.
Eligibility
Sector Focus: Broad — including technology, healthcare IT, clean tech, energy, consumer internet, SaaS, mobile, and other scalable sectors.
Geography: Primarily Oregon and the Pacific Northwest, though companies elsewhere may be considered depending on fit and regional strategy.
Stage: Pre-seed to seed/early growth with clear product/market potential.
Team: Founding teams with the capability to scale and engage with mentoring and capital.
Process
Initial Screening: Review of company business model, traction, team, and fit with PSF stage thesis.
Selection: Final cohort selection based on strategic fit and growth potential.
90-Day Program: PSF provides mentoring, network access, and milestone guidance.
Investor Presentation: Demo to local and regional investors upon completion.
Follow-On Support: Top performers may receive additional capital through PSF or co-investors.
What an Applicant can Obtain
Strategic Capital: Seed funding (~$25K – $100K+, depending on program and follow-on scope).
90-Day Accelerator: Intensive mentorship from experienced operators and investors.
Network Access: Introductions to angels, VCs, and ecosystem partners in the Pacific Northwest.
Investor Demo Day: Presentation platform to raise additional follow-on capital.