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Portland Seed Fund
Angela Jackson and Jim Huston’s Portland Seed Fund deployed $45M into early-stage companies, exiting Auth0 to Okta for $6.5B.
Portland Seed Fund
Portland Seed Fund is a family of sector-agnostic, geographically-focused seed/early-stage venture capital funds based in Lake Oswego, Oregon. Founded in 2011, the firm has made 235 investments and 24 portfolio exits. Its latest investment was in Neurosom as part of their Bridge on January 07, 2026, and its latest exit was Owl on June 11, 2024.
General information
Firm type
Private Equity
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Portland
Corporate office
Portland, OR, United States
Principals
Angela Jackson
Managing Director
Jenn Lynch
Managing Director
Steve Eichenlaub
Managing Director
Shashi Jain
Managing Director
Jim Huston
Managing Director
Sector focus
Frequently asked questions
Who runs investment decisions at Portland Seed Fund?
The firm operates as a managing director collective. The five named managing directors — Angela Jackson, Jenn Lynch, Steve Eichenlaub, Shashi Jain, and Jim Huston — share governance and decision-making. No single partner holds sole investment discretion.
Does Portland Seed Fund participate in fund commitments or only direct deals?
Portland Seed Fund exclusively writes direct seed-stage checks. Its website offers no evidence of LP commitments into other venture funds. The firm’s model centers on direct equity positions in companies, with no disclosed fund-of-funds activity.
How is Portland Seed Fund related to the Intrepid Oregon Fund?
The Intrepid Oregon Fund shares substantial team overlap with Portland Seed Fund, including managing directors. Both vehicles appear on Portland Seed Fund’s website, suggesting a connected regional capital strategy. The precise legal separation and LP structure between the two entities is not publicly detailed.
What investment stages does Portland Seed Fund typically target?
The firm exclusively targets seed-stage investments, typically writing first-check capital before institutional Series A rounds arrive. Its portfolio spans pre-revenue and early-revenue companies across software, climate tech, and health sciences.
What is Portland Seed Fund’s most notable exit?
Auth0 ranks as the firm’s signature exit. The identity management platform was acquired by Okta in May 2021 for approximately $6.5B, representing a landmark return for the seed-stage portfolio. Other notable exits include ESS Inc.’s NYSE IPO and Sightbox’s acquisition by Johnson & Johnson.
Which sectors does Portland Seed Fund explicitly avoid?
Portland Seed Fund does not publish explicit sector exclusions. Its disclosed portfolio concentrates on enterprise software, climate tech, digital health, agtech, and education technology. The firm shows no evidence of consumer internet, crypto, or deep-tech hardware investments beyond its climate-tech positions.
Is Portland Seed Fund raising new capital?
Yes. In May 2026, the firm announced a new $4M fund under PSF IV Managers. This suggests ongoing fundraising operations, though the total target size and LP composition for the new vehicle remain undisclosed.
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