Last year was not kind to local startups seeking venture capital investment.
VC investment in the Portland metro area fell nearly 60%, dropping well below $1 billion, after falling 35% in 2022.
However, many startups in Oregon and Southwest Washington managed to find investors in exchange for a chunk of their ownership. The Business Journal compiled the top 25 of them in The List this week, based primarily on data from VC research firm Crunchbase.
At the top of The List was Portland's Tyfone, a developer of digital banking platforms for credit unions and community banks, adding $25 million in fresh cash to its coffers last April.
Also in the top five, Hydrolix, creator of a data-management platform in Portland raised another $20 million in June.
Beaverton's YorLabs, maker of intracardiac image-guided therapy products added another $17.3 million in funding in October, while Liquid Wire in Portland, developer of flexible Gallium-based electronic circuitry, received $14.2 million in April.
And the maker of an AI-powered retail technology app in Gresham called Aisles, reported getting $14 million in September.
