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Portland

Portland companies are seeing a wave of new investments

Portland-based education company OpenSesame has secured $28 million in Series C funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced on May 28 and financed by FTV Capital.

According to its Crunchbase profile, "We help companies develop the world’s most admired and productive workforces. With the most comprehensive catalog of e-learning courses from the world's top publishers, we are here to help you every step of the way — from finding courses, mapping them to your core competencies, syncing them with LMS, to increasing utilization and improving your training programs."

The eight-year-old company has raised three previous funding rounds, including a $9 million Series B round in 2016.

The round brings total funding raised by Portland companies in commerce and shopping over the past 90 days to $29 million. The local commerce and shopping industry has seen eight funding rounds over the past year, yielding a total of $38 million in venture funding.

In other local funding news, 3D technology company Streem announced a funding round on May 21.

According to Crunchbase, "Streem is an award-winning technology company that enhances real-time communication and collaboration by creating an intelligent camera. The platform delivers a combination of augmented reality (AR), computer vision and machine learning. It equips the expert with the capability to remotely capture crucial information by using proprietary spatial mapping, OCR and object and pose estimation technology."

Founded in 2017, the company has raised four previous rounds, including a $6.7 million round in 2018.


This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.