Oregon_Angel_Fund

Oregon Venture Fund

Oregon Venture Fund

Venture capital fund

Oregon Venture Fund makes venture investments in the Portland, Oregon area and throughout Oregon and SW Washington. The fund consists of 180 institutional and [1] angel investors, of whom 85% have run or founded a business. The fund evaluates up to 300 business plans per year, selecting five to seven to invest in annually.[2] In 2018, the fund changed its name from Oregon Angel Fund to Oregon Venture Fund and launched a new $30M fund.[3] Since its inception, Oregon Venture Fund has generated an average annual rate of return of 34% and a return on investment exceeding $3.50 for each dollar invested.[4]

Quick Facts Formerly, Company type ...

Investment strategy

About 70 percent of the fund's investments are in technology. 20 percent are medical devices, health care IT, and related fields. And 10 percent are in other areas such as transportation, advanced materials, and consumer.[5] 31% of portfolio companies were founded by, or are headed by, a woman and 23% by a person of color. Some 70 companies in Oregon Venture Fund's portfolio include Absci, Jama,[6] Elemental Technologies,[7] Brandlive,[8] Salt & Straw,[9] and Wildfang.[10]

The Oregon Venture Fund also receives investment from The Oregon Community Foundation,[11] Meyer Memorial Trust, the State of Oregon, and regional colleges and universities, such as University of Oregon, Willamette University, Portland State University, and Lewis & Clark College.[12]

Investments and exits

Oregon Venture Fund notable investments and exits include:

Management

Co-founded by Robert Ward and Eric Rosenfeld,[55] the fund is now managed by Eric Rosenfeld, Alline Akintore, Deepthi Madhava, Melissa Freeman, Jon Maroney, Matt Compton, Lynn Fletcher, and Mary Geyer.[56]

References

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    "Building better angels: Oregon Angel Fund tops its own fundraising goals". Portland Business Journal.
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  5. [5]
    "Inside the Mind of a Portland Angel Investor". Portland Monthly Magazine.
  6. [6]
    Rogoway, Mike (30 March 2015). "Jama Software secures $20 million venture round, begins hiring surge". The Oregonian.
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    Earnshaw, Aliza (11 October 2007). "New fund drops $205K on technology company". American City Business Journals.
  8. [8]
    Rogoway, Mike (9 September 2013). "Portland online retail startup Brandlive raises $1.6 million from Oregon Angel Fund". The Oregonian.
  9. [9]
    Beer, Jeff (9 December 2019). "Dwayne Johnson and Dany Garcia invest in Salt & Straw ice cream to make cheat meals more awesome". Fast Company. Retrieved January 25, 2020.
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    Duffy, Clare (28 August 2017). "Wildfang completes $2.3M round of funding, looks to open NY and LA locations". American City Business Journals.
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    "Oregon Community Foundation re-ups with Oregon Angel Fund". The Oregonian. 6 February 2013.
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    "Oregon Angel Fund Targets $8M 2015 Fund". Portland Business Journal.
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    "Now it can be told: Why Meridian's $26 million all cash exit is incredibly important for the Portland startup scene". Silicon Florist. 2013-06-07. Retrieved 2021-09-18.
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    Chinnock, Chris (2018-03-01). "Osram Acquires Pacific Light Technologies". DisplayDaily. Retrieved 2021-09-18.
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    "Thriving Oregon Angel Fund records strongest year". Portland Business Journal.
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    "The Team — Oregon Venture Fund". oregonangelfund.com. 29 July 2014.


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