
Investments
116Portfolio Exits
22Funds
19About Oregon Venture Fund
Oregon Venture Fund is a community-supported, professionally managed, investor-driven angel fund. The fund provides investors privileged access to promising startups and early-stage growth companies in Oregon and SW Washington.
Latest Oregon Venture Fund News
Aug 8, 2023
Source – a leading B2B marketplace for commercial construction products – recently announced it closed on a $8.5 million Series A funding round. This funding round was led by M13 with participation from Rise of the Rest, Rogue Venture Partners, Founders’ Co-op and Oregon Venture Fund. Source had previously raised a total of $3.7 million. Launched in 2019, Source digitizes and streamlines commercial real estate projects through a single cloud-based platform to support the budgeting, product and material selection, and purchasing of projects. And it enables verified architects and designers to browse products, save material selections into projects, order samples directly from representatives, and export product information into spreadsheets. The commercial construction industry in the U.S. has been on a steady growth trajectory since 2010, with the construction of commercial real estate worth $115 billion U.S. dollars in 2022. And Source has seen outsized growth over the last two years, with project purchasing volume growing an average of 700% per year. The company’s focus on the hospitality, housing, and tenant improvement sectors has helped bolster this growth, as those industries are still seeing robust growth with strong tailwinds. Recent client projects include purchasing for Hilton, IHG, and Marriott branded properties. And the company plans to use the funds to expand nationally, increase its headcount and invest in technology advancements. KEY QUOTES: “The commercial real estate industry is long overdue for a solution that enables designers to collaborate on product selections in a cloud environment. Source is focused on that digital upgrade. First, by making product selection less time-consuming, and more collaborative for the design team. And then by streamlining and integrating the purchasing of goods within the client’s timeline and budget; ensuring a strong ROI on their asset investments.” — Nicole Schmidt, founder and CEO of Source “Despite technological advances, the construction industry still conducts many transactions via phone, e-mail, and pen and paper. We’re incredibly excited to partner with the world class team at Source whose platform is reinventing commercial real estate construction with the speed and scale customers require today.” — Anna Barber, lead investor at M13 Trending on Pulse 2.0
Oregon Venture Fund Investments
116 Investments
Oregon Venture Fund has made 116 investments. Their latest investment was in Source as part of their Series A on July 7, 2023.

Oregon Venture Fund Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
7/18/2023 | Series A | Source | $8.5M | No | 4 | |
7/10/2023 | Seed VC | Wicked Saints Studios | $3.5M | Yes | 1Up Ventures, Authentic Capital Partners, Bronze Investments, Cap Table Coalition, Gaingels, Origins Fund, Precursor Ventures, Riot Games, Rogue Women's Fund, The Mini Fund, and Undisclosed Angel Investors | 3 |
6/5/2023 | Series A | Hydrolix | $20M | No | 4 | |
9/20/2022 | Series A | |||||
8/23/2022 | Series B |
Date | 7/18/2023 | 7/10/2023 | 6/5/2023 | 9/20/2022 | 8/23/2022 |
---|---|---|---|---|---|
Round | Series A | Seed VC | Series A | Series A | Series B |
Company | Source | Wicked Saints Studios | Hydrolix | ||
Amount | $8.5M | $3.5M | $20M | ||
New? | No | Yes | No | ||
Co-Investors | 1Up Ventures, Authentic Capital Partners, Bronze Investments, Cap Table Coalition, Gaingels, Origins Fund, Precursor Ventures, Riot Games, Rogue Women's Fund, The Mini Fund, and Undisclosed Angel Investors | ||||
Sources | 4 | 3 | 4 |
Oregon Venture Fund Portfolio Exits
22 Portfolio Exits
Oregon Venture Fund has 22 portfolio exits. Their latest portfolio exit was Bright.MD on October 10, 2023.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
10/10/2023 | Acquired | 2 | |||
6/13/2022 | Acquired | 3 | |||
3/24/2022 | Acquired | 5 | |||
Oregon Venture Fund Fund History
19 Fund Histories
Oregon Venture Fund has 19 funds, including OREGON VENTURE FUND 2023.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
2/6/2023 | OREGON VENTURE FUND 2023 | $7.43M | 1 | ||
8/16/2022 | Oregon Venture Fund XV | $20M | 2 | ||
1/25/2018 | Oregon Venture Fund 2018-Q | $1.13M | 1 | ||
1/25/2018 | Oregon Venture Fund 2018 LLC | ||||
1/25/2018 | Oregon Venture Fund 2018-A |
Closing Date | 2/6/2023 | 8/16/2022 | 1/25/2018 | 1/25/2018 | 1/25/2018 |
---|---|---|---|---|---|
Fund | OREGON VENTURE FUND 2023 | Oregon Venture Fund XV | Oregon Venture Fund 2018-Q | Oregon Venture Fund 2018 LLC | Oregon Venture Fund 2018-A |
Fund Type | |||||
Status | |||||
Amount | $7.43M | $20M | $1.13M | ||
Sources | 1 | 2 | 1 |
Oregon Venture Fund Team
5 Team Members
Oregon Venture Fund has 5 team members, including current Founder, Managing Partner, Eric Rosenfeld.
Name | Work History | Title | Status |
---|---|---|---|
Eric Rosenfeld | Founder, Managing Partner | Current | |
Name | Eric Rosenfeld | ||||
---|---|---|---|---|---|
Work History | |||||
Title | Founder, Managing Partner | ||||
Status | Current |
Compare Oregon Venture Fund to Competitors
Willamette Angel Conference is an angel conference that happens once a year. The event rotates between Corvallis and Eugene, Oregon. The goals of the WAC are to (1) increase capital development within the region, (2) develop and educate angel investors and entrepreneurs, and (3) promote the Southern Willamette Valley as a vital region for supporting emerging growth start-up businesses.

The Capital Roundtable is an event management company. It offers a series of 25 full-day conferences, each focusing on different topics, exclusively for the middle-market private equity community. It covers topics ranging from investing in middle-market private companies in various industries such as for-profit education, agribusiness, packaging, food and nutrition, technology, aerospace, and transportation. It was founded in 1984 and is based in New York City, New York.
StarveUps is an Oregon-based peer-driven entrepreneurship accelerator with locations in Portland, Eugene, and Bend.

Capital Innovators provides tech startups with the funding, resources, and connections needed to reach the next level. The Capital Innovators 12-week Accelerator Program provides $50,000 in seed funding, project-based mentorship from a seasoned pool of knowledgeable entrepreneurs, stellar perks, educational and social events, and the opportunity to pitch to angel investors and venture capital firms.

Square 1 Financial is the bank holding company for Square 1 Bank, a full-service commercial bank dedicated exclusively to serving the financial needs of the venture capital community and entrepreneurs in all stages of growth and expansion. Square 1's expertise, focus, and strong capital base provide flexible resources and unmatched support to meet clients' needs. The bank offers tailored products and solutions aided by the latest in technological innovations. Square 1 has offices coast to coast in Austin, Boston, Denver, Durham, Los Angeles, New York, San Diego, Seattle, Silicon Valley, and Washington, DC.
Kaufman Rossin Fund Services (KRFS) is an independent full-service provider of administration services to the investment community. KRFS also delivers expertise in the complex areas of taxation, accounting standards, and financial statement preparation. Clients worldwide rely on KRFS for startup, accounting and valuation, back-office outsourcing, investor services, tax services, customized reporting, and corporate services. KRFS has offices in Miami, Boston, San Francisco, Dallas, and Grand Cayman.
Loading...