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Oregon Venture Fund

North America, Oregon, United States, Portland

Description

Oregon Venture Fund (OVF) is a prominent member-managed venture capital fund deeply embedded in the entrepreneurial ecosystem of the Pacific Northwest. Established in 2007, OVF focuses its investment activities primarily on promising high-growth companies located in Oregon and Southwest Washington. The fund distinguishes itself by leveraging the collective expertise and capital of its members, who are successful entrepreneurs, business leaders, and investors committed to fostering regional innovation and economic development. This unique structure allows OVF to provide not only financial backing but also strategic guidance and network access to its portfolio companies.

OVF targets early-stage companies, typically participating in Seed, Series A, and Series B funding rounds. Their investment criteria emphasize businesses with strong management teams, substantial addressable markets, and defensible competitive advantages. The fund seeks to partner with companies poised for significant growth and market disruption within various sectors. For initial investments, Oregon Venture Fund typically deploys capital ranging from $500,000 to $2 million, demonstrating their commitment to providing meaningful early-stage support while also having the capacity for follow-on investments in subsequent rounds to further fuel growth.

Since its inception, Oregon Venture Fund has made a substantial impact on the regional startup landscape. The fund has invested over $100 million across more than 60 companies, playing a crucial role in nurturing the next generation of successful enterprises in its target geography. This extensive portfolio reflects OVF's consistent activity and dedication to building a vibrant and robust entrepreneurial community. By collaborating with entrepreneurs, angel investors, and other venture funds, OVF acts as a vital catalyst for innovation and job creation, reinforcing its position as a cornerstone investor in the Pacific Northwest.

Investor Profile

Oregon Venture Fund has backed more than 79 startups, with 5 new investments in the last 12 months alone. The firm has led 36 rounds, about 46% of its total and boasts 21 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Seed, Series B rounds (top funding stages).
  • Majority of deals are located in United States, Finland.
  • Strong thematic focus on Software, Information Technology, Internet.
  • Led 2 rounds in the past year.
  • Typical check size: $500K – $2M.

Stage Focus

  • Series A (37%)
  • Seed (32%)
  • Series B (13%)
  • Series Unknown (11%)
  • Series C (3%)
  • Pre Seed (1%)
  • Series D (1%)
  • Convertible Note (1%)
  • Debt Financing (1%)

Country Focus

  • United States (99%)
  • Finland (1%)

Industry Focus

  • Software
  • Information Technology
  • Internet
  • Saas
  • Artificial Intelligence (Ai)
  • Enterprise Software
  • Mobile
  • Database
  • Computer
  • Construction
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Oregon Venture Fund frequently co-invest with?

Portland Seed Fund
North America, Oregon, United States, Portland
Co-Investments: 22
Seven Peaks Ventures
North America, California, United States, San Francisco
Co-Investments: 6
Flying Fish Partners
North America, Washington, United States, Seattle
Co-Investments: 4
Cascade Seed Fund
North America, Oregon, United States, Bend
Co-Investments: 10
Rogue Venture Partners
North America, Oregon, United States, Lake Oswego
Co-Investments: 8
AV8 Ventures
North America, California, United States, Palo Alto
Co-Investments: 6
The R-Group
North America, Oregon, United States, Portland
Co-Investments: 40
Madrona
North America, Washington, United States, Seattle
Co-Investments: 8
Elevate Capital
North America, Oregon, United States, Hillsboro
Co-Investments: 5
Alliance of Angels
North America, Washington, United States, Seattle
Co-Investments: 8

Which angels does Oregon Venture Fund often collaborate with?

DF
North America, Georgia, United States, Atlanta
Shared Deals: 1
BW
North America, California, United States, Los Angeles
Shared Deals: 2
NK
North America, Oregon, United States, Portland
Shared Deals: 1
MS
North America, California, United States, San Francisco
Shared Deals: 2
JW
North America, New York, United States, New York
Shared Deals: 2
MA
North America, Washington, United States, Seattle
Shared Deals: 2
TH
Europe, England, United Kingdom, London
Shared Deals: 2
David Nelsen
North America, Oregon, United States, Portland
Shared Deals: 1
BH
North America, Washington, United States, Seattle
Shared Deals: 1
KE
North America, Utah, United States, Park City
Shared Deals: 1

What are some of recent deals done by Oregon Venture Fund?

Conveyor

San Francisco, California, United States

Conveyor is a SaaS platform helping companies speed through their customer security reviews (with a little help from AI)

Cloud SecurityComplianceCyber SecurityRisk ManagementSaaSSales AutomationSoftware
Series BJun 12, 2025
Amount Raised: $20,000,000
Hydrolix

Portland, Oregon, United States

Hydrolix is a data management company that specializes in providing solutions for storing, managing, and analyzing large-scale data.

Cloud Data ServicesDatabaseInformation TechnologyInternetOutsourcing
Series CApr 3, 2025
Amount Raised: $80,000,000
NLM Photonics

Seattle, Washington, United States

NLM Photonics is a semiconductor techn. company developing cutting-edge electro-optic modulation techn. for networking/computing/sensing.

ElectronicsSemiconductor
Series UnknownJan 28, 2025
Distributional

Berkeley, California, United States

Distributional makes AI safe, reliable and secure.

A/B TestingArtificial Intelligence (AI)Information TechnologyProductivity Tools
Series AOct 8, 2024
Amount Raised: $19,000,000
Platformr

Bend, Oregon, United States

Platformr is an AWS CloudOps SaaS platform for migrating, building, and deploying technology solutions on AWS.

Cloud InfrastructureCloud ManagementSoftware
SeedAug 15, 2024
Amount Raised: $2,500,000
Hydrolix

Portland, Oregon, United States

Hydrolix is a data management company that specializes in providing solutions for storing, managing, and analyzing large-scale data.

Cloud Data ServicesDatabaseInformation TechnologyInternetOutsourcing
Series BMay 22, 2024
Amount Raised: $35,000,000
Digs

Vancouver, Washington, United States

Digs uses AI to power experiences that unlock happier homes.

Artificial Intelligence (AI)ConstructionSmart Building
SeedJan 25, 2024
Amount Raised: $7,000,000
Wicked Saints Studios

Medford, Oregon, United States

Wicked Saints Studios develops a game studio platform using behavioral technology to create interactive media.

GamingMedia and EntertainmentMobile Apps
SeedSep 13, 2023
Amount Raised: $3,500,000
Source

Portland, Oregon, United States

Source is a commercial construction SaaS platform for commercial designers and architects.

ArchitectureConstructionDatabaseSaaS
Series AJul 18, 2023
Amount Raised: $8,500,000
Hydrolix

Portland, Oregon, United States

Hydrolix is a data management company that specializes in providing solutions for storing, managing, and analyzing large-scale data.

Cloud Data ServicesDatabaseInformation TechnologyInternetOutsourcing
Series AJun 5, 2023
Amount Raised: $20,000,000