Bend-based Seven Peaks Ventures announced today that it’s launching its second fund, which aims to funnel $28 million in venture funding toward early stage tech startups in the PNW and rest of the west. The firm launched in 2013 with the goal of helping to fill the regional capital gap facing PNW, and particularly, Oregon-based startups. The first fund, which totaled $7.5 million, invested in multiple Oregon startups, including Bend-based Manzama, and Portland-based CrowdStreet and Bright.md.
Bend Venture Conference winner RFPIO announced a $25M investment from K1 Investment Management today. The announcement was the largest round yet for the young startup, and represented a nice return for BVC investors.
This week, the federal government kicked off an SBIR road tour to promote their ability to invest in small businesses through grants and technology licensing. It started Tuesday in Portland, followed by Seattle, WA Wednesday then wrapping up in Anchorage, AK.
Do you have an outdoor industry related startup? Are you looking for investment? Our friends at Bend Outdoor Worx are now taking applications for the 2018 BreakOut (which was previously known as Venture Out). The event features early and growth stage outdoor startups pitching their ideas and companies for the opportunity to win various awards and investments.
Cascade Angels, Bend’s own organized angel fund, has been growing since its inception in 2014, both in the dollars it has to invest and the number of companies in its portfolio. To date the organization has invested $2.7 million into 17 Oregon companies. Most recently, the fund expanded its leadership team to include Robert Pease, who will join the organization’s co-founder Julie Harrelson. They will serve as fund co-managers.
Eleven out of 10 people agree that hot sauce typically makes everything better. But what could make your hot sauce better? What if it was an new take on taco sauce (for instance, Korean taco sauce anyone?) that was also organic and made in Oregon?
If you are a woman founder in the midst of fundraising–or an aspiring entrepreneur who may fundraise in the future–then we’ve got a cool event for you. The Technology Association of Oregon, BendTECH, Oregon BEST and this very blog are teaming up to host an evening talking about funding opportunities, challenges and resources available to startup women.
This week Bend startups are just doing their thing, which is apparently winning money. It was the same story, different venue Wednesday night at the Bend Outdoor Worx Venture Out Festival, the first venture conference dedicated to outdoor companies.