Oregon Venture 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 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. In 2018, the fund changed its name from Oregon Angel Fund to Oregon Venture Fund and launched a new $30M fund. 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.

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. 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, Elemental Technologies, Brandlive, Salt & Straw, and Wildfang.

The Oregon Venture Fund also receives investment from The Oregon Community Foundation, 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.

Investments and exits
Oregon Venture Fund notable investments and exits include:


 * Absci (Nasdaq IPO)
 * Bigleaf Networks
 * Brandlive
 * Bright.MD (acquired by Cigna)
 * ClearAccess (acquired by Cisco Systems)
 * Cloud Campaign
 * CrowdCompass (acquired by Cvent)
 * Customer.io
 * Digs
 * Eclypsium
 * Elemental Technologies (acquired by Amazon Web Services for $500 million)
 * Gear Up
 * Giftango (acquired by InComm)
 * GlobeSherpa (acquired by Daimler AG)
 * Gutsy
 * Honey Mama's
 * Hubb (acquired by Intrado)
 * Hydrolix
 * Inpria (acquired by JSR Corp. for $514 million)
 * IOTAS (acquired by ADT)
 * Jama Software (acquired by Francisco Partners for $1.2 billion )
 * Kivo
 * Little Bird (acquired by Sprinklr)
 * Lumen Learning
 * Lumencor
 * Meridian (acquired by Aruba for $26 million)
 * Opal
 * Pacific Light Technologies (acquired by Osram)
 * Poached Jobs
 * Qualtik
 * Rigado
 * RISE Brewing
 * Rumpl
 * Salt & Straw
 * Second Porch (acquired by HomeAway)
 * Sila
 * SmartRG (acquired by AdTran)
 * Source
 * Streem (acquired by Frontdoor)
 * The Clymb (acquired by LeftLane Sports)
 * The Wild (acquired by Autodesk)
 * TrovaTrip
 * UpSight Security
 * Wayfinder
 * Wicked Saints
 * Wildfang

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