About PIE
PIE, an accelerator and incubator program founded in 2009, is based in Portland, United States. With a presence in 4 countries, it has supported around 60 startups in sectors like Enterprise Applications, Consumer. As of Jul 2026, PIE has witnessed 10 portfolio exits. Most notable companies in
its portfolio include Nutmeg, Cloudability and Lytics. The program is backed by a team of 3 people who primarily support Seed startups based in United States. Its latest investment was a $284K Seed round in Ma Wovens on Jun 03, 2019.
Key Metrics
Founded Year
2009
Location
Portland, United States
Portfolio Companies
Sectors of Investment
Stages of Investment
Seed & Series A
Locations of Investment
PIE's List of Top Investments
PIE has a portfolio of 60 companies. Their most notable investments are in Cloneless Media and Athletepath.Their portfolio spans across United States, France, Netherlands and 1 more locations. They have invested in Enterprise Applications, Consumer, Food and Agriculture Tech and 21 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by PIE:
1. Nutmeg
Digital wealth management and investment platform. It enables individuals to invest through managed portfolios across ISAs, pensions, and general investment accounts. Users select investment goals and risk preferences, while professional investment teams manage portfolio allocation, monitoring, and rebalancing. The platform provides tools for tracking performance, planning financial goals, and accessing investment insights, combining automated portfolio management with optional financial guidance services. It is designed to simplify long-term investing and wealth planning through a mobile-first experience supported by institutional investment expertise.
Key facts about Nutmeg
2. Cloudability
Cloud cost management and optimization solutions for FinOps teams, empowering organizations to manage and optimize cloud spend across multi-cloud environments. It offers a suite of cloud-based tools for IT Financial Management, Cloud Financial Management, and Enterprise Agile Planning. The platform provides cost visibility, anomaly detection, and savings automation. It supports FinOps principles, enabling collaboration between IT, Finance, and DevOps teams. The company delivers solutions for cloud cost management, Kubernetes spend monitoring, and technology business management. It offers a platform with features like Datalink, ATUM, and collaboration tools. The company provides resources like case studies, blogs, and guides, along with customer success, support, education, and professional services.
Key facts about Cloudability
- Founded Year: 2011
- Location: Portland (United States)
- Stage: Acquired
- Total Funding till date: $44M
- Employee Count: 110 as on Dec 31, 2022
- Investors: Walden Venture Capital, DCVC and 11 Others
- Latest Funding Round: Series B, Sep 08, 2016, $*****
- Highlight: Acquired

3. Lytics
Personalization platform empowering brands with real-time customer data and insights. It offers a composable Customer Data Platform (CDP) that helps businesses leverage their existing data infrastructure for flexible and scalable personalization across all channels. The platform provides real-time customer insights, enabling personalized content and product recommendations. It focuses on building accurate customer profiles, uncovering insights, and retaining customers through relevant engagement. The platform offers features like seamless CMS integration, AI-powered personalization, and pre-built connections to various data sources and tools. It supports experiences like optimizing ad spend, sending personalized emails, personalizing web experiences, and recommending products. It serves industries like Retail, Media, Technology, and Finance. The platform provides resources like documentation, webinars, and videos. It offers login and subscription options.
Key facts about Lytics
- Founded Year: 2011
- Location: Portland (United States)
- Stage: Acquired
- Total Funding till date: $58.3M
- Employee Count: 22 as on May 31, 2026
- Investors: JMI Management, EPIC Ventures and 9 Others
- Latest Funding Round: Series C, Feb 21, 2019, $*****
- Highlight: Acquired
4. Workfrom
Workfrom offers a marketplace for users to search and browse for curated co-working spaces globally. All the listings are added by space owners and space finders by adding photos on the platform. Once verified the listing is live on the website and can be browsed and reserved by the space seeker. Space seeker can search for co-working spaces by using filters like private spaces, public spaces, high-speed internet and other amenities. The company charges a $20 fee for every private listed space from space provider.
Key facts about Workfrom
- Founded Year: 2013
- Location: Portland (United States)
- Stage: Seed
- Total Funding till date: $170K
- Employee Count: 6 as on May 31, 2026
- Investors: Techstars, Google for Startups and 2 Others
- Latest Funding Round: Seed, Oct 06, 2020, $*****
- Highlight: Editors' Pick
5. Brave Care
Key facts about Brave Care
- Founded Year: 2012
- Location: Portland (United States)
- Stage: Series B
- Total Funding till date: $44.4M
- Employee Count: 16 as on May 31, 2026
- Investors: Greycroft, Zillionize and 27 Others
- Latest Funding Round: Series B, Oct 07, 2021, $*****
PIE's Year-on-Year Investment Trends
PIE has invested in 60 companies over the last 15 years, with an average of 0 new investment annually in the last 10 years. Its most recent first time investment was in Ma Wovens and most recent follow-on round was in Cloudability.PIE's Investments by Stage
PIE has made 14 investments in Seed stage with an average round size of $68.2K and 1 investment in Series A stage with an average round size of $8.74M.Stage of entry | No. of Investments |
|---|---|
Seed | 14 |
Series A | 1 |
Note: We have considered here, only first round of investments
PIE's Investments by Sector
PIE has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, Enterprise Infrastructure, Media & Entertainment and Mobile. Notably, it has invested in 31 Tech companies, 20 Consumer (B2C) companies, 19 Enterprise (B2B) companies and at least 19 companies focusing on Software.Sector | No. of Investments |
|---|---|
Enterprise Applications | 7 |
Consumer | 4 |
Enterprise Infrastructure | 4 |
Media & Entertainment | 3 |
Mobile | 2 |
Others | 6 |
Note: We have considered here, only first round of investments
PIE's Investments by Geography
PIE has made most investments in United States (15).PIE's recent investments
PIE has not made any investment in 2026 so far.Here are the most recent investments by PIE:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 03, 2019 | United States | Seed | 5019 | - | |
Oct 11, 2013 | United States | Seed | 4659 | - | |
Oct 11, 2013 | United States | Seed | 5106 | - | |
Oct 11, 2013 | United States | Seed | 9605 | - | |
Oct 11, 2013 | United States | Seed | 8752 | - |
IPOs and Publicly Listed companies in PIE's Portfolio
1 of PIE's portfolio company became public - Scopic.Here are PIE's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
- | - | - | 6957 |
Acquired companies in PIE's Portfolio
9 companies from PIE's portfolio have been acquired. The most recent acquisition was Lytics in Jan 2025 by Contentstack for $*****.Here are PIE's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 08, 2025 | Oct 05, 2012 | Seed | 1211 | |
Oct 04, 2022 | - | - | 5735 | |
Sep 28, 2022 | - | - | 2048 | |
Jun 17, 2021 | - | - | 8909 | |
May 16, 2019 | Oct 03, 2012 | Series A | 8867 |
Team profile of PIE
PIE has a team of 3 members including 2 Partners located in United States. PIE's team sits on the board of 1 company.Co-investors of PIE
Over the past 15 years, 23 investors have co-invested in PIE's portfolio companies. This includes funds and angels.
- Invested before PIE: Techstars, Trinity Ventures and 5 others have invested in rounds before PIE. There is 1 company where Techstars has invested before PIE and 1 company where Trinity Ventures has invested before PIE.
- Top Co-investors of PIE: 4 investors entered a company along with PIE. These include investors like Foundry (1 company).
- Invested after PIE: A total of 12 investors have invested in PIE's portfolio after their investments. Top Investors include JMI Management (1 company) and Comcast Ventures (1 company).
Recent News related to PIE
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Watch pitches from 13 startups at the Portland Incubator Experiment Demo DayGeekWire•Mar 18, 2019•PIE
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Portland Incubator Experiment returns with new class of startups after four-year hiatusOregonLive.com•May 08, 2018•PIE
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Meet the 7 new startups at the Portland Incubator Experiment – GeekWireGeekWire•Jul 23, 2013•Orchestrate, PIE
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