Total Bend Venture Conference Awards Reach $947,500

Economic Development for Central Oregon announced today that the total awards for last year’s BVC hit $947,500 — up from $620,00, which was awarded at the conference in mid-October.  Odysys and Perfect Company, officially closed at $225,000 and $125,000, respectively, according to the EDCO news release.

“We managed to set a record for investments made through the BVC LLC this year, with $350K being invested, after expenses,” says Brian Vierra, Venture Catalyst for EDCO. “This was particularly noteworthy given that Cascade Angels, which invested through the LLC last year, made their investment directly in a company this year, and it was not represented by the LLC.”

Jason Moyer, BVC Fund Manager, says that all five growth stage finalists received funding. “With roughly $2 million invested in the competing companies over the last two years, the Bend Venture Conference has moved into a new league and it’s showing in the quality of the applicants,” Moyer says.

Here is EDCO’s breakdown of the $947,500:

Investments

• BVC LLC (OCF, OGA, MMT, individual units) – Perfect Company and Odysys: $372,500
• Cascade  Angels – Scratch-it: $125,000
• Seven Peaks Ventures – Scratch-it: $100,000
• Credo Investments – Scratch-it: $50,000
• Side Deals – Honeycomb, Nemametrix, Scratch-it, Perfect Company: $215,000

Grants

• BendBroadband Business Early Stage Cash Prize – SnoPlanks: $15,000
• Bend Outdoor Worx – Robert Axle Project: $10,000

Other Awards/In Kind

• Mandala Firestarter Marketing Program Award – Perfect Company: $50,000
• McDonald Group HR Services Package – Odysys: $10,000

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Kelly Kearsley

Kelly Kearsley, the co-founder of StartupBend.com, is passionate about startups, entrepreneurship and Bend. In addition to writing this blog, she creates content and manages content projects for global financial companies, tech firms and startups. She began her career as a newspaper journalist and later worked as a freelance writer. Her work has appeared in WSJ.com, Money Magazine, CNNMoney, MSNBC and Runner's World. See her work at kellykearsley.contently.com or kellykearsley.com.

You can reach Kelly by email at [email protected].

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