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Venture Capital
referencecapital.com

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Investments

36

Portfolio Exits

1

Funds

5

About Reference Capital

Reference Capital Management, LLC was founded in 2006 by Wayne Embree and Brock Metcalf, PhD, merging long-time early stage investment firms Cascadia Partners and OLS, LLC. Metcalf and Embree have collaborated since 1994. After investing in - and in some cases co-founding - numerous companies, they determined that the time was right for a new kind of venture capital firm in the region. Reference Capital focuses on market sectors and opportunities in which the Northwest possesses clear, competitive advantages.

Reference Capital Headquarter Location

7128 SW Gonzaga Street, Suite 150

Tigard, Oregon, 97223,

United States

503-619-4310

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Latest Reference Capital News

Ogier advises Reference Capital as Guernsey PIF attracts tech sector

May 21, 2021

Submitted 21/05/2021 - 1:20pm Increasing levels of activity from venture and private equity funds over the last 12 months has continued into 2021 with significant interest from new managers looking to launch their first fund in Guernsey, according to Ogier’s funds team in Guernsey. The team recently acted as lead counsel to Reference Capital SA, a new manager in Guernsey, on the formation and registration of Reference Seed Fund I LP in Guernsey as a private investment fund (PIF) and on its initial and subsequent close. Ogier's team — partner Tim Clipstone, managing associate Richard Doyle and legal assistant James Dickinson — advised Reference on all legal and regulatory aspects of the fund's launch as a PIF. Tim Clipstone says: "It has been great to work with Reference as a new manager in Guernsey and we have been delighted to advise on the successful launch of Reference Seed Fund I LP." Richard Doyle says: "We've advised on the closing of a number of technology focused funds structured as PIFs in Quarter 1 this year, both in the venture and private equity sectors and with underlying technology portfolios as diverse as healthcare, fintech, e-commerce and human resources. We anticipate the appeal of the Guernsey PIF as a flexible fund option for investing in the technology sector will continue to grow." Reference Fund is a fund of funds structured as a Guernsey limited partnership which targets investments with a global coverage (China, Israel, Europe and USA) in Seed stage technology focused funds.

Reference Capital Investments

36 Investments

Reference Capital has made 36 investments. Their latest investment was in T3 Pharmaceuticals as part of their Series B on July 7, 2020.

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Reference Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/22/2020

Series B

T3 Pharmaceuticals

$27M

No

3

6/16/2020

Series G

Monzo

$75.7M

Yes

5

9/26/2019

Series A

T3 Pharmaceuticals

$12.1M

Yes

3

12/20/2011

Series C

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$99M

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10

3/31/2011

Series B

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$99M

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10

Date

7/22/2020

6/16/2020

9/26/2019

12/20/2011

3/31/2011

Round

Series B

Series G

Series A

Series C

Series B

Company

T3 Pharmaceuticals

Monzo

T3 Pharmaceuticals

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Amount

$27M

$75.7M

$12.1M

$99M

$99M

New?

No

Yes

Yes

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Co-Investors

Sources

3

5

3

10

10

Reference Capital Portfolio Exits

1 Portfolio Exit

Reference Capital has 1 portfolio exit. Their latest portfolio exit was Serveron Corporation on January 11, 2008.

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

1/11/2008

Acquired

$99M

1

Date

1/11/2008

Exit

Acquired

Companies

Valuation

$99M

Acquirer

Sources

1

Reference Capital Acquisitions

1 Acquisition

Reference Capital acquired 1 company. Their latest acquisition was Oregon Life Sciences on December 14, 2006.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

12/14/2006

$99M

Acquired

Date

12/14/2006

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Acquired

Sources

Reference Capital Fund History

5 Fund Histories

Reference Capital has 5 funds, including Sustainability Investment Fund 2009.

Closing Date

Fund

Fund Type

Status

Amount

Sources

3/1/2010

Sustainability Investment Fund 2009

Early-Stage Venture Capital

Closed

$3M

1

12/1/2007

Sustainability Investment Fund 2007 LP

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$99M

10

12/31/2000

Cascadia Pacific II LP

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$99M

10

Sustainability Investment Fund 2008 LP

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10

Sustainability Investment Fund 2012

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10

Closing Date

3/1/2010

12/1/2007

12/31/2000

Fund

Sustainability Investment Fund 2009

Sustainability Investment Fund 2007 LP

Cascadia Pacific II LP

Sustainability Investment Fund 2008 LP

Sustainability Investment Fund 2012

Fund Type

Early-Stage Venture Capital

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Status

Closed

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Amount

$3M

$99M

$99M

Sources

1

10

10

10

10

Reference Capital Team

2 Team Members

Reference Capital has 2 team members, including current Managing Partner, David C.E. Williams.

Name

Work History

Title

Status

John B. Metcalf

Founder

Current

David C.E. Williams

Managing Partner

Current

Name

John B. Metcalf

David C.E. Williams

Work History

Title

Founder

Managing Partner

Status

Current

Current

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