Goodness, I’ve had that Adele song stuck my head for weeks. And now I’ve passed the ear worm onto you. Back to business: Cascade Angels, the Bend-based angel fund, has opened up its application process to Oregon entrepreneurs looking for funding.
The fund anticipates investing in up to six companies this year. The fund usually invests from $50,000 to $250,000 in Oregon-based launch stage companies (you have a product and revenue) from any industry. So if you’re a startup looking for capital, you should apply. The deadline is Feb. 17.
“We hope to provide patient capital to entrepreneurs with Oregon-based companies, generate returns and create jobs,” says Julie Harrelson, CEO, Harrelson Group, which manages the fund.
Cascade Angels has invested close to $1 million in Oregon since 2014. The 2016 Fund is the organization’s third. Bend companies that have received investments include Amplion, Droplr, Manzama, LeadMethod and Odysys. The Fund has also invested in Poached Jobs, Lumen, NemaMetrix and ScratchIt.
The first Cascade Angels fund raised $460,000. The Cascade Angels Fund 2015, LLC grew to $725,000. Cascade Angels Fund 2016, LLC plans to raise a minimum of $500,000 by March 31, 2016, according to the organization’s profile on gust.com.
So ….. Hello from the funding sideeeeeeee/it doesn’t hurt to just applyyyyyyyyy/Cascade Angels has money to invest in our state/So give it a try and it just might great ….
You can reach Kelly by email at [email protected].