After the dust the settled from all the big checks flying around the Bend Venture Conference, I found myself thinking that it seems like quite a few Bend startups raised money this year. So I cracked a beer and made a spreadsheet (because I know how to party).
As it turns out, Bend startups have pulled in more than $21 million
$19 million in 2016. There are more announcements to come before year’s end. Now granted more than half of this figure is from Kollective’s Series C, which was $12.25 million. However, the rest was seed and Series A funding for Central Oregon’s latest batch of promising startups.
First a few caveats: This is not an exhaustive list. Instead it’s the funding that was publicly announced this year so far, cross checked with Crunchbase data. There are probably some companies I’ve missed — and perhaps some in this list have gone on to raise more.
Still it’s a pretty solid representation of what’s happening here. As startup founders know, getting funded is just the start of a lot more hard work. But these dollars make a not only real difference in how fast these companies can build and grow, they’re often put to work in Bend from fueling new hires and paying for office space to supporting other professional services.
Money raised 2016
|Kollective||$12,250,000||Series C, multiple VCs|
|OnBoard Dynamics||$3,000,000||ARPA-E, Portland Seed Fund, NW Natural, utilities and investors|
|KrowdFit||$2,450,000||Led by Ryan Finley, Survey Monkey founder|
|ZeroTransform||$500,000*||*Aiming to close end of November, per The Bulletin. Cascade Angels has invested an undisclosed amount.|
|Droplr||$400,000||Seed from Cascade Angels, Seven Peaks, etc.|
|Cascade Wellness Technologies||$100,000||Oregon Best via BVC|
|CushCore||$18,000||BVC Early Stage, Venture Out Festival|
|Amplion||Not available||Cascade Angels|