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Press Release

Healthcare tech company GrowthPlug moves HQ to Beaverton

December 11,2019 | By Anna Marum
Dec. 11, 2019
Media Contact
Anna Marum
Greater Portland Inc

Healthcare tech company GrowthPlug moves HQ to Beaverton
SaaS firm GrowthPlug has secured a $1 million investment for expansion and product development. The Elevate Capital fund invests in women, minority and veteran entrepreneurs.

Beaverton, Ore. – GrowthPlug, a healthcare practice growth and optimization software-as-a-service (SaaS) company, is relocating its headquarters from the Bay Area to Beaverton. The firm has secured a $1 million investment commitment from Elevate Capital, which will fund the company’s operation expansions and support product development.

GrowthPlug’s platform enables healthcare practices to accelerate new patient acquisition, manage online reputation, and automate front desk operations. GrowthPlug is growing rapidly to serve healthcare practitioners, with a 300 percent increase in revenue over the past year. The firm currently employs 25 and plans to double in size by the end of 2020.

“We are delighted to open our new office here in the Greater Portland area,” said Sudhir Bhatti, CEO of GrowthPlug. “We chose this region over other startup hubs due to its several strategic advantages including an active startup community, a great talent pool, and a vibrant city culture. When we connected with Nitin Rai at Elevate Capital, we found this as an ideal match based on GrowthPlug’s success in the healthcare market. It’s been a great experience collaborating with the City of Beaverton and Greater Portland Inc. Both these organizations have been highly supportive of us and other startups looking to move to the Greater Portland area.”

GrowthPlug has moved into the Beaverton Building, at 12725 SW Millikan Way, which also houses Beaverton’s city government. GrowthPlug joins two other health tech firms in the building: HealthSaas and Curadite, which are part of Beaverton’s Health Technology Collaborative.

GrowthPlug has moved a team up from the Bay Area to Beaverton, and with planned hiring over the next year, the Beaverton headquarters will primarily be comprised of business development, operations, customer success and marketing functions.

“Beaverton is a great place to work and to live which more and more companies are discovering when they are planning to relocate to the Portland area,” said Bill Berg, business development manager for the City of Beaverton. “We’re focused on bringing vibrant, inclusive companies like GrowthPlug to our area and embracing them into our community. It’s a win-win situation and we look forward to GrowthPlug having a successful future in Beaverton.”

GrowthPlug is the latest addition to Greater Portland’s growing cluster of health tech companies, which includes Zoom+Care, ShiftWise, HealthSparq, Clinicient and Bright.md.

It also includes First Insight, a software platform for eye doctors founded by Elevate Capital Managing Director Nitin Rai. The investment in GrowthPlug comes from Elevate Capital’s Elevate Inclusion Fund, which invests exclusively in startup companies founded by women, minorities and veterans primarily in the Portland metro region.

“We’ve been very impressed with GrowthPlug’s innovative and targeted approach to serving a rapidly growing number of customers in the healthcare practice market,” said Rai, who has joined GrowthPlug’s board of directors. “Our investment in GrowthPlug also supports our mission to provide funding to minority entrepreneurs with disruptive ideas and products – one of the co-founders is a woman and both co-founders are entrepreneurs of color.”

GrowthPlug was originally founded in Silicon Valley in November 2016 by Bhatti and his partner, chief operating officer and co-founder Shavita Bhatti.

The company’s headquarters relocation is the latest in a steady stream of relocations and expansions by Bay Area companies to the Greater Portland region.  

Greater Portland has long proven an advantageous expansion location for California companies looking to move or grow. Coinbase, Expensify, RealWear, Salesforce, Airbnb, SurveyMonkey, Autodesk, Aruba Networks, Mercari, New Relic, Intel, Apple, Yahoo, Google and eBay have all made significant investments in the Portland area. Pharmaceutical giant Genentech recently opened a 300-person office in Portland’s Lloyd District.

Greater Portland Inc was proud to assist the City of Beaverton in GrowthPlug’s recruitment.

“Greater Portland offers excellent potential for companies looking to scale,” said Matt Miller, interim president and CEO of Greater Portland Inc. “We look forward to seeing GrowthPlug thrive here.”
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About Greater Portland Inc: Greater Portland Inc provides support and services to companies seeking to relocate or expand in Greater Portland, a region that spans two states and seven counties. A true public-private partnership model, Greater Portland Inc is supported by 90 public- and private-sector partners who are committed to advancing regional economic development through job growth and investment. Greater Portland Inc and partners shape the region’s economic future and market the region to the world. Learn more at greaterportlandinc.com.

About GrowthPlug: GrowthPlug is a practice growth and optimization SaaS that is focused on helping healthcare practices to accelerate new patient acquisition, manage online reputation, automate front desk operations, and elevate the patient experience. Launched in 2017, GrowthPlug works with hundreds of healthcare practices across the U.S. For more information visit www.growthplug.com or follow GrowthPlug on Twitter, Facebook, and LinkedIn.

About Elevate Capital: Elevate Capital is a Pacific Northwest-based venture capital firm that invests in early-stage underrepresented entrepreneurs, including women, and minorities that include communities of color, veterans, and entrepreneurs located in underserved areas. Elevate Capital makes these investments through two funds, the Elevate Capital Fund and the Elevate Inclusive Fund. Since 2016, Elevate Capital has invested nearly $8 million in 37 startups with the majority in Oregon and nearly 85 percent of the founders are women, minorities, veterans, LGBTQ, and people of color. These companies have created more than 200 jobs in Oregon. For more information, visit elevate.vc or follow Elevate Capital on Twitter, Facebook and LinkedIn.

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