Hubb, a Vancouver company, was one of six companies funded in Elevate’s first round of investments

"Portland’s latest venture fund Elevate Capital is unveiling its first six investments in startups largely from the Portland metro area.

The investments come from the first close of the new Elevate funds.

Elevate, which launched earlier this year, is focused on investing in startups run by women and minority entrepreneurs.

Here are Elevate’s first six investments.

  • Blendoor is a recruiting app that hides the name and photo of a candidate in order to bypass unconscious bias in hiring. It has more than 250 companies using the app after just a few months. The company is based in Silicon Valley but is opening an office in Portland. The company is founded by Stephanie Lampkin
  • Goumikids, is a children’s apparel company co-founded by Lilli Yeo, a Nike alum. The company makes baby booties, mitts, hats and pajama-like gowns called jamms. Ten percent of sales go toward efforts to protect children globally. The company is based out of the Oregon Technology Business Center in Beaverton.
  • Hubb, is a content management platform for event planners founded by Allison Magyar. The cloud-based software is designed to streamline the process of collecting all the information from different sources needed in event planning. The company is based in Vancouver and has employees from the Portland metro area.
  • I.T. Aire, makes data center cooling systems using its patented techniques. Data center operators license the technology in order to meet efficiency goals. The company is co-founded by Jason Patz and is based in Portland. As part of the investment, Elevate Managing Director Nitin Rai is joining the board..."