The Bend Venture Conference doled out $620,000 in investments and awards last month, but ensuing side deals have pushed the total investment figure to $877,500, Economic Development of Central Oregon reports.
Scratch-It, the Portland-based company that makes “reveal” marketing technology (lottery ticket-like scratch off messages), continues to bring home the bacon. The company left BVC with the most funds, garnering $225,000 in investments — $125,000 from Cascade Angels and $100,000 from Seven Peaks Ventures.
The startup has since scooped up at least another $50,000 investment via a side deal with Lake Oswego-based Credo Investments, according to Brian Vierra, EDCO’s venture catalyst. Additional investments in Nemametrix, the Perfect Company, Scratch-It and Honeycomb now total $215,000. Details of how much each company received weren’t yet available.
Vierra says he expects this is the final investment total, and that he won’t have any more visibility into future side deals. All five growth stage companies that presented received some level of investment.
“This is the second year we have accomplished this and it is a key differentiating factor from other conferences, which typically award investments to one or two companies at most,” Vierra says.
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