Oregon Venture Fund

The fund was originally called the Oregon Angel Fund, and was active as of 2008.{{cite web | url=https://picmagazine.net/article/121032/Emerald_and_Oregon_Venture_Fund_invest_in_NLM_Photonics | title=Emerald and Oregon Venture Fund invest in NLM Photonics - PIC Magazine News }} It formed out of the 2007 Angel Oregon hosted hosted by the Oregon Entrepreneurs Network, with its first fund raising $900,000 from 36 investors. The first company that the fund invested in was Lumencor, a technology startup in Beaverton.

In 2014, it raised $6.6 million for its annual fund, after aiming for $6 million. It was led by managing partner Eric Rosenfeld.

In 2017, it invested $7 million into seven companies, while its individual investors put another $6.8 million into companies as well. It raised an annual fund from an investment group of 180 investors. It had overall invested $48 million in 56 startups, all located in either Southwest Washington or Oregon.

In 2018, the fund changed its name from Oregon Angel Fund to Oregon Venture Fund and launched a new $30 million fund.{{cite web|title=Oregon Angel Fund Rebrands|url=https://www.bizjournals.com/portland/news/2018/02/21/oregon-angel-fund-rebrands-launches-30-to-50.html|publisher=Portland Business Journal}} It was the firm's first five-year institutional funds; prior funds had been limited to one year.

Since its inception, Oregon Venture Fund had by 2021 generated an average annual rate of return of 34% and a return on investment exceeding $3.50 for each dollar invested.{{Cite web|last=Spencer|first=Malia|date=2021-09-17|title=3 summer exits lift Oregon Venture Fund returns|url=https://www.bizjournals.com/portland/inno/stories/inno-insights/2021/09/17/3-summer-exits-lift-oregon-venture-fund-returns.html|access-date=2021-09-18|website=www.bizjournals.com}} In 2021, it managed $250 million in investments.{{cite web | url=https://www.oregonlive.com/silicon-forest/2021/09/oregon-venture-fund-adds-new-principal-as-it-aspires-to-bigger-investments.html | title=Oregon Venture Fund adds new principal as it aspires to bigger investments | date=30 September 2021 }}

In 2015, about 70 percent of the fund's investments were in technology. 20 percent are medical devices, health care IT, and related fields. And 10 percent were in other areas such as transportation, advanced materials, and consumer.{{cite web|title=Inside the Mind of a Portland Angel Investor|url=http://www.portlandmonthlymag.com/news-and-profiles/business/articles/inside-the-mind-of-an-angel-investor-january-2015|publisher=Portland Monthly Magazine}} 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,{{cite web |url=https://www.oregonlive.com/silicon-forest/2015/03/jama_software_lands_big_ventur.html |title=Jama Software secures $20 million venture round, begins hiring surge |date=30 March 2015 |work=The Oregonian |last=Rogoway |first=Mike}} Elemental Technologies,{{cite web |url=https://www.bizjournals.com/portland/stories/2007/10/15/story11.html |title=New fund drops $205K on technology company |date=11 October 2007 |work=American City Business Journals |last=Earnshaw |first=Aliza}} Brandlive,{{cite web |url=https://www.oregonlive.com/silicon-forest/2013/09/portland_online_retail_startup.html |title=Portland online retail startup Brandlive raises $1.6 million from Oregon Angel Fund |date=9 September 2013 |work=The Oregonian |last=Rogoway |first=Mike}} Salt & Straw,{{cite news |last=Beer |first=Jeff |date=9 December 2019 |title=Dwayne Johnson and Dany Garcia invest in Salt & Straw ice cream to make cheat meals more awesome |url=https://www.fastcompany.com/90440296/dwayne-johnson-and-dany-garcia-invest-in-salt-straw-ice-cream-to-make-cheat-meals-more-awesome |work=Fast Company |access-date=January 25, 2020}} and Wildfang.{{cite web |url=https://www.bizjournals.com/portland/news/2017/08/28/wildfang-completes-2-3m-round-of-funding-looks-to.html |title=Wildfang completes $2.3M round of funding, looks to open NY and LA locations |date=28 August 2017 |work=American City Business Journals |last=Duffy |first=Clare}}

The Oregon Venture Fund also receives investment from The Oregon Community Foundation,{{cite web|title=Oregon Community Foundation re-ups with Oregon Angel Fund.|date=6 February 2013|url=http://www.oregonlive.com/silicon-forest/index.ssf/2013/02/oregon_community_foundation_re.html|publisher=The Oregonian}} 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.{{cite web|title=Oregon Angel Fund Targets $8M 2015 Fund.|url=http://www.bizjournals.com/portland/blog/techflash/2014/12/oregon-angel-fund-targets-8m-2015-fund.html|publisher=Portland Business Journal}}

Oregon Venture Fund notable investments and exits include:

• Absci (Nasdaq IPO){{Cite web|last=Oregonian/OregonLive|first=Mike Rogoway {{!}} The|date=2021-07-22|title=Absci's IPO values Vancouver biotech startup at $2 billion|url=https://www.oregonlive.com/silicon-forest/2021/07/abscis-ipo-values-vancouver-biotech-startup-at-14-billion.html|access-date=2021-09-19|website=oregonlive|language=en}}
• Bigleaf Networks{{Cite web|date=2016-12-14|title=Victory for V2V: Connected car technology gets Transportation Department's vote|url=https://www.geekwire.com/2016/v2v-transportation-connected-car-rule/|access-date=2021-09-19|website=GeekWire|language=en-US}}
• Brandlive{{Cite web|last=Oregonian/OregonLive|first=Mike Rogoway {{!}} The|date=2013-09-10|title=Portland online retail startup Brandlive raises $1.6 million from Oregon Angel Fund|url=https://www.oregonlive.com/silicon-forest/2013/09/portland_online_retail_startup.html|access-date=2021-09-19|website=oregonlive|language=en}}
• Bright.MD (acquired by Cigna){{Cite web |last=Pifer |first=Rebecca |date=2023-10-10 |title=Cigna's Evernorth acquires Bright.md's asynchronous care tech |url=https://www.healthcaredive.com/news/cigna-evernorth-brightmd-asynchronous-care/695732/ |access-date=2023-10-10 |website=Healthcare Dive |language=en}}
• ClearAccess (acquired by Cisco Systems){{Cite web|last=Team|first=Trefis|title=Cisco's ClearAccess Deal Could Breathe New Life Into Routers Business|url=https://www.forbes.com/sites/greatspeculations/2012/03/30/ciscos-clearaccess-deal-could-breathe-new-life-into-routers-business/|access-date=2021-09-18|website=Forbes|language=en}}
• Cloud Campaign{{Cite web|title=Following Significant Growth, Cloud Campaign Raises $5M to Scale, Hire {{!}} Built In Colorado|url=https://www.builtincolorado.com/2021/05/21/cloud-campaign-raises-5m-series-a-boulder-hiring|access-date=2021-09-19|website=www.builtincolorado.com|language=en}}
• CrowdCompass (acquired by Cvent){{Cite web|title=Cvent Acquires CrowdCompass to Offer Mobile Apps for Business Events {{!}} Cvent|url=https://www.cvent.com/en/press-release/cvent-acquires-crowdcompass-offer-mobile-apps-business-events|access-date=2021-09-18|website=www.cvent.com|language=en}}
• Customer.io{{Cite web|last=Oregonian/OregonLive|first=Mike Rogoway {{!}} The|date=2017-03-25|title=Portland online marketer Customer.io raises $3 million|url=https://www.oregonlive.com/silicon-forest/2017/03/portland_online_marketer_custo.html|access-date=2021-09-19|website=oregonlive|language=en}}
• Digs{{Cite web |last=Lardinois |first=Frederic |date=2024-01-25 |title=Digs raises $7M for its collaboration platform for home builders |url=https://techcrunch.com/2024/01/25/digs-raises-7m-for-its-collaboration-platform-for-home-builders/ |access-date=2024-04-30 |website=TechCrunch |language=en-US}}
• Eclypsium{{Cite web |title=Eclypsium Venture Capital and Private Equity Financings |url=https://www.vcnewsdaily.com/Eclypsium/venture-funding.php |access-date=2024-04-30 |website=www.vcnewsdaily.com}}
• Elemental Technologies (acquired by Amazon Web Services for $500 million){{Cite web|title=Amazon Acquires Elemental Technologies For A Reported $500 Million In Cash|url=https://techcrunch.com/2015/09/03/amazon-acquires-elemental-technologies-for-a-reported-500-million-in-cash/|access-date=2021-09-18|website=TechCrunch|date=3 September 2015 |language=en-US}}
• Gear Up
• Giftango (acquired by InComm){{Cite web|last=Siemers|first=Erik|date=2013-01-08|title=Digital gift card startup Giftango acquired by InComm|url=https://www.bizjournals.com/portland/morning_call/2013/01/digital-gift-card-startup-giftango.html|access-date=2021-09-18|website=www.bizjournals.com}}
• GlobeSherpa (acquired by Daimler AG){{Cite web|last=Spencer|first=Malia|date=2016-04-14|title=GlobeSherpa to change name after merging brands with its Daimler subsidiary owner|url=https://www.bizjournals.com/portland/blog/techflash/2016/04/globesherpa-to-change-name-after-merging-brands.html|access-date=2021-09-18|website=www.bizjournals.com}}
• Gutsy{{Cite web |title=DealRoom.co |url=https://app.dealroom.co/investors/oregon_venturefund |access-date=2024-04-30 |website=app.dealroom.co}}
• Honey Mama's{{Cite web |url=https://www.bizjournals.com/portland/inno/stories/fundings/2024/03/18/honey-mamas-investment-irresistible-food-group.html |access-date=2024-04-30 |website=www.bizjournals.com}}
• Hubb (acquired by Intrado){{Cite web|date=2021-08-13|title=Intrado acquires Hubb, which builds software for in-person and virtual events|url=https://www.geekwire.com/2021/intrado-acquires-hubb-builds-software-person-virtual-events/|access-date=2021-09-19|website=GeekWire|language=en-US}}
• Hydrolix{{Cite web |title=Portland cloud data startup Hydrolix raises $20M |url=https://www.bizjournals.com/portland/inno/stories/news/2023/06/05/hydrolix-data-startup-investors-20m.html |access-date=2024-04-30 |website=www.bizjournals.com}}
• Inpria (acquired by JSR Corp. for $514 million){{Cite web|last=Spencer|first=Malia|date=2021-09-17|title=JSR Corp. buys Corvallis-based Inpria for $514M|url=https://www.bizjournals.com/portland/inno/stories/fundings/2021/09/17/jsr-corp-buys-corvallis-based-inpria-for-514m.html|access-date=2021-09-19|website=www.bizjournals.com}}
• IOTAS (acquired by ADT){{Cite web |last=Rogoway |first=Mike |date=2022-06-13 |title=Portland smart-home startup IOTAS sells to security giant ADT |url=https://www.oregonlive.com/silicon-forest/2022/06/portland-smart-home-startup-iotas-sells-to-security-giant-adt.html |access-date=2022-06-13 |website=OregonLive |language=en}}
• Jama Software (invested in 2008,https://www.bizjournals.com/portland/news/2018/03/15/startup-and-tech-sector-expert-joins-oregon.html acquired by Francisco Partners for $1.2 billion ){{Cite web |last=Schlosser |first=Kurt |date=2024-03-18 |title=Jama Software to be acquired for $1.2B in significant exit for Portland-based company |url=https://www.geekwire.com/2024/jama-software-acquired-for-1-2b-in-significant-exit-for-portland-based-company/ |access-date=2024-03-18 |website=GeekWire |language=en}}
• Kivo{{Cite web |last=Spencer |first=Malia |date=April 7, 2022 |title=Portland startup vets grab $3M in seed funding for new venture |url=https://www.bizjournals.com/portland/inno/stories/fundings/2022/04/07/kivo-launches-raises-3m.html |access-date=2022-05-01 |website=www.bizjournals.com}}
• Little Bird (acquired by Sprinklr){{Cite web|title=Sprinklr Acquires Influencer Identification and Marketing Platform Little Bird|url=https://www.sprinklr.com/newsroom/sprinklr-acquires-influencer-identification-marketing-platform-little-bird/|access-date=2021-09-19|website=www.sprinklr.com|language=en}}
• Lumen Learning{{Cite web|date=2015-04-01|title=Lumen Learning raises $2.5M to help college students save money with open courseware|url=https://www.geekwire.com/2015/lumen-learning-raises-2-5m-to-help-college-students-save-money-with-open-courseware/|access-date=2021-09-19|website=GeekWire|language=en-US}}
• Lumencor
• Meridian (acquired by Aruba for $26 million){{Cite web|date=2013-06-07|title=Now it can be told: Why Meridian's $26 million all cash exit is incredibly important for the Portland startup scene|url=https://siliconflorist.com/2013/06/07/told-meridians-26-million-cash-exit-incredibly-important-portland-startup-scene/|access-date=2021-09-18|website=Silicon Florist|language=en-US}}
• NLM Photonics{{cite web | url=https://www.nlmphotonics.com/2025/01/28/investment-from-emerald-and-oregon-venture-fund/ | title=NLM Receives Investment from Emerald and Oregon Venture Fund | date=28 January 2025 }}{{cite web | url=https://picmagazine.net/article/121032/Emerald_and_Oregon_Venture_Fund_invest_in_NLM_Photonics | title=Emerald and Oregon Venture Fund invest in NLM Photonics - PIC Magazine News }}
• Opal{{Cite web|date=2017-02-16|title=Top Silicon Valley VC firm Accel leads $15M round for Opal, a marketing collaboration startup based in Portland|url=https://www.geekwire.com/2017/accel-leads-15m-round-opal-marketing-collaboration-startup-based-portland/|access-date=2021-09-19|website=GeekWire|language=en-US}}
• Pacific Light Technologies (acquired by Osram){{Cite web|last=Chinnock|first=Chris|date=2018-03-01|title=Osram Acquires Pacific Light Technologies|url=https://www.displaydaily.com/?view=article&id=59156:osram-acquires-pacific-light-technologies|access-date=2021-09-18|website=DisplayDaily|language=en-gb}}
• Poached Jobs{{Cite web|last=Oregonian/OregonLive|first=Mike Rogoway {{!}} The|date=2016-02-09|title=Poached Jobs, restaurant job portal, raises $1.5m|url=https://www.oregonlive.com/silicon-forest/2016/02/poached_jobs_online_restaurant.html|access-date=2021-09-19|website=oregonlive|language=en}}
• Qualtik{{Cite press release |last=Qualtik |title=Qualtik Partners with JAM FINTOP |url=https://www.prnewswire.com/news-releases/qualtik-partners-with-jam-fintop-301966756.html |access-date=2024-04-30 |website=www.prnewswire.com |language=en}}
• Rigado{{Cite web|date=2017-06-01|title=Wireless tech company Rigado raises $3M to expand overseas and grow IoT product line|url=https://www.geekwire.com/2017/rigado-raises-3m-expand-overseas-grow-iot-product-line/|access-date=2021-09-19|website=GeekWire|language=en-US}}
• RISE Brewing
• Rumpl
• Salt & Straw{{Cite web|last=Oregonian/OregonLive|first=Michael Russell {{!}} The|date=2019-05-22|title=New Salt & Straw investment could put ice cream closer to hand|url=https://www.oregonlive.com/food/2019/05/new-salt-straw-investment-could-make-ice-cream-easier-to-reach.html|access-date=2021-09-19|website=oregonlive|language=en}}
• Second Porch (acquired by HomeAway){{Cite web|title=HomeAway Acquires Social Vacation Rentals App Second Porch|url=https://techcrunch.com/2011/05/11/homeaway-acquires-social-vacation-rentals-app-second-porch/|access-date=2021-09-18|website=TechCrunch|date=11 May 2011 |language=en-US}}
• Sila{{Cite web|last=Oregonian/OregonLive|first=Mike Rogoway {{!}} The|date=2021-07-26|title=Portland banking technology startup Sila raises $13m|url=https://www.oregonlive.com/silicon-forest/2021/07/portland-banking-technology-startup-sila-launched-by-simple-co-founder-raises-13-million.html|access-date=2021-09-19|website=oregonlive|language=en}}
• SmartRG (acquired by AdTran){{Cite web|date=2018-12-06|title=ADTRAN Acquires SmartRG—Leading Provider of Connected Home Software Platforms & Cloud Services|url=https://www.businesswire.com/news/home/20181206005431/en/ADTRAN-Acquires-SmartRG%E2%80%94Leading-Provider-of-Connected-Home-Software-Platforms-Cloud-Services|access-date=2021-09-18|website=www.businesswire.com|language=en}}
• Source{{Cite web |last=FinSMEs |date=2023-08-01 |title=Source Raises $8.5M in Series A Funding |url=https://www.finsmes.com/2023/08/source-raises-8-5m-in-series-a-funding.html |access-date=2024-04-30 |website=FinSMEs |language=en-US}}
• Streem (acquired by Frontdoor){{Cite web|date=2019-12-05|title=Home services giant Frontdoor acquires Portland augmented reality startup Streem|url=https://www.geekwire.com/2019/home-services-giant-frontdoor-acquires-portland-augmented-reality-startup-streem/|access-date=2021-09-19|website=GeekWire|language=en-US}}
• The Clymb (acquired by LeftLane Sports){{Cite web|last=Oregonian/OregonLive|first=Mike Rogoway {{!}} The|date=2016-01-08|title=Portland-based The Clymb sold to California rival|url=https://www.oregonlive.com/silicon-forest/2016/01/the_clymb_emerging_portland_ou.html|access-date=2021-09-18|website=oregonlive|language=en}}
• The Wild (acquired by Autodesk){{Cite web |last=Soper |first=Taylor |date=2022-03-24 |title=Autodesk to acquire The Wild, which helps architects and engineers collaborate in 'extended reality' |url=https://www.geekwire.com/2022/autodesk-to-acquire-portland-vr-startup-the-wild/ |access-date=2022-04-17 |website=GeekWire |language=en-US}}
• TrovaTrip{{Cite web|date=2021-08-17|title=How this travel startup raised $5M from ex-CEOs of Orbitz and Vacasa in the middle of a pandemic|url=https://www.geekwire.com/2021/travel-startup-raised-5m-ex-ceos-orbitz-vacasa-middle-pandemic/|access-date=2021-09-19|website=GeekWire|language=en-US}}
• UpSight Security{{Cite web |date=February 7, 2024 |title=Hillsboro Oregon News & Announcements |url=https://www.hillsboro-oregon.gov/Home/Components/News/News/15355/ |website=Hillsboro, Oregon}}
• Wayfinder{{Cite web |last=Spencer |first=Malia |date=January 14, 2022 |title=Bend founder snags $6M for education startup |url=https://www.bizjournals.com/portland/inno/stories/fundings/2022/01/14/bend-founder-snags-6m-for-education-startup.html |access-date=2022-05-01 |website=www.bizjournals.com}}
• Wicked Saints{{Cite web |title=Riot Games co-leads Oregon startup's $3.5M round |url=https://www.bizjournals.com/portland/inno/stories/fundings/2023/09/13/wicked-saints-investment-riot-games-ovf.html |access-date=2024-04-30 |website=www.bizjournals.com}}
• Wildfang{{Cite web|last=Oregonian/OregonLive|first=Anna Marum {{!}} The|date=2017-09-01|title=In the Trump era, feminist brand Wildfang is doing just fine|url=https://www.oregonlive.com/window-shop/2017/09/wildfang_feminist_trump_era.html|access-date=2021-09-19|website=oregonlive|language=en}}

Co-founded by Robert Ward and Eric Rosenfeld,{{cite web|title=Thriving Oregon Angel Fund records strongest year.|url=http://www.bizjournals.com/portland/print-edition/2013/01/25/thriving-oregon-angel-fund-records.html?page=all|publisher=Portland Business Journal}} in 2014 the fund was managed by Eric Rosenfeld, Alline Akintore, Deepthi Madhava, Melissa Freeman, Jon Maroney, Matt Compton, Lynn Fletcher, and Mary Geyer.{{Cite web |url=http://oregonangelfund.com/team |title=The Team — Oregon Venture Fund |website=oregonangelfund.com|date=29 July 2014 }}

{{reflist}}

• [http://www.oregonventurefund.com/ Oregon Venture Fund website]

{{Private equity and venture capital}}

Category:Financial services companies established in 2007

Category:Venture capital firms of the United States

Category:Companies based in Portland, Oregon

Category:Angel investing

Category:2007 establishments in Oregon