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 |
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