With its inaugural fund now closed, Cascade Angels plans to announce its 2015 fund at Friday’s Bend Venture Conference.
“We have many great start-ups in Central Oregon and across the state”, says Julie Harrelson, Cascade Angels Fund Manager. “A fund such as Cascade Angels 2015, LLC makes a strong contribution to putting Central Oregon on the map as a place to live, work, and invest.”
The angel fund certainly made its mark in its first fund, closing with $460,000 and 22 investors. The 2014 Fund’s investments included:
- $75,000 investment in Manzama, Inc. This Bend-based company provides a content intelligence platform that helps professionals find information relevant to their business, clients and industry.
- $100,000 investment in Droplr Inc. A Bend-based startup that created an easy-to-use file-sharing tool.
- $121,900 investment in the 2014 BVC. The latter contributed to BVC’s record investment this year of more than $500,000.
The Portland Business Journal reported that Harrelson says there’s an additional investment to be made from the 2014 Fund. Brian Vierra, venture catalyst for Economic Development for Central Oregon, says that while angel funds do expect a return, they’re also a key piece of economic development in the region.
“Part of Julie’s success with the 2014 Fund has been collaborating with other funds and economic development stakeholders like OEN, RAIN, Oregon Angel Fund, Portland Seed Fund, Cascadian Group, Seven Peaks, and many other key players,” Vierra says. “The key to success to scale all the independent efforts of the activity in this region is that collaborative mindset.”