Koan nets $3 million, plus more top funding news for Portland-based companies

Koan nets $3 million, plus more top funding news for Portland-based companies
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By Hoodline - Published on October 29, 2019.

Portland-based finance and venture capital company Koan has secured $3 million in seed funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced Oct. 23 and led by Crosslink Capital.

According to its Crunchbase profile, "Koan is an early-stage startup that develops and offers software to help managers improve employee attrition, engagement, and company strategies. It was founded in 2016 and is based in Portland, Oregon."

The four-year-old startup also raised a $2 million seed round in 2016.

In other local funding news, automotive company PreAct Technologies announced a seed funding round on Sept. 27, financed by Social Impact Capital.

According to Crunchbase, "PreAct Technologies aims to bridge the gap between collision avoidance systems and active safety technology. Every millisecond matters before a crash, and our patent-pending suite of sensor technologies, computing systems and unique countermeasure algorithms aim to drastically reduce fatalities and injuries in a crash. Our Portland-based firm leverages existing vehicle infrastructure to predict and prepare both a vehicle and its occupants for an imminent collision."

Founded in 2018, the company has raised two previous rounds, including a $1 million seed round earlier this year.

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.