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Portland Sees a 674 Percent Jump in Startup Funding

But PDX is still a small fish in the VC pond.

Does it seem like tech money is suddenly flooding into Portland? It is.

A new study by investment website Mattermark shows Portland is bucking a national trend of declining venture-capital funding for startups. While most U.S. cities experienced a drop in startup fundraising from the first quarter of 2015 to the first quarter of 2016, Portland saw a 674 percent jump to $42.6 million.

That may seem like a lot of money—but it's still a drop in the ocean compared to the San Francisco Bay Area, which endured a 19 percent funding decline in the same period but still raised $1.74 billion in a quarter.

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GO: WW sponsors TechFestNW at the Armory, 128 NW 11th Ave., on Monday and Tuesday, April 25-26.