The Cascade Angels Fund plans to invest $121,900 in the Bend Venture Conference, Economic Development for Central Oregon announced today. The angel investment pushes the current BVC Fund toward $200,000 with more investments still likely to come as we get closer to the October 17th conference.
The BVC Fund is on track to be the biggest ever, according to EDCO. Other investors are finalizing their investment amounts, and EDCO will announce them as the commitments are made. The final pot may well exceed $250,000.
Cascade Angels Fund Manager Julie Harrelson says she was pleased to make the investment in BVC. “There are many great startups participating and making local capital available is key to creating successful growth,” she said.
Based here, Cascade Angels started less than a year ago. The fund has wasted no time in investing in local startups, providing capital to two Bend software companies, Droplr and Manzama.
EDCO Venture Catalyst Brian Vierra says the angels are “the behind-scenes-investors who make BVC what it is.”
“Their investment will directly help launch a startup from an early stage company to a scalable, funded venture” Vierra says.
The BVC is the largest angel conference in the PNW. The day-long event features both concept and launch stage companies vying for investments. Festivities begin Oct. 16th with seminars, the UnConference, and the Broken Top Networking reception.
You can reach Kelly by email at [email protected].