Oregon Growth Board and Cascade Angels Fund 2015 agreed on a potential $100K investment last month for the coming year. This investment in the 2015 Fund comes after a successful 2014 for Cascade Angels and the means to provide more local, patient capital for launch stage companies. OGB will provide a $50K investment and add an additional $50K if the Fund reaches a total investment of $500KCascade Angels Fund 2015 is based in Central Oregon and managed by Harrelson Group. The Fund is committed to helping build Oregon’s entrepreneurial ecosystem. Cascade Angels Fund 2014 invested close to $400K in emerging companies and pushed the total at the Bend Venture Conference to over $1M, including funding for Amplion and Poached Jobs.
“Regional angel funds are an important building block in Oregon’s effort to build a stronger economy. We are pleased to be making this investment,” said Beth Cooke, Executive Director of the Oregon Growth Board. The Oregon Growth Board was created in the 2012 Legislative Session in an effort to spur more economic growth in Oregon, with a focus on increasing the state’s ability to grow companies from early stage to large, locally headquartered firms. An important focus is placed on leveraging state resources to improve the availability of capital for high-growth companies.
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