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Oregon Venture Fund (OVF) was established in 2007 and is headquartered in Portland, Oregon. As the largest and most active venture capital firm in the region, OVF has made significant contributions to the local startup ecosystem. The fund has invested in over 88 companies, creating more than 7,080 jobs across various sectors. Backed by prominent organizations such as the State of Oregon, Oregon Community Foundation, and Meyer Memorial Trust, OVF has a strong financial foundation.
OVF deploys between $15 million and $20 million annually, focusing on early-stage investments. The firm has evolved to support a diverse range of sectors, including technology, healthcare, and consumer products. Its commitment to fostering innovation in Oregon and Southern Washington is evident in its investment strategy and community engagement.
Oregon Venture Fund employs a stage-agnostic and sector-agnostic investment strategy, targeting companies at various stages of development, from pre-seed to Series B. The fund typically invests between $500,000 and $5 million per round, with a lifetime cap of $10 million per company. Approximately 70% of OVF's investments are in technology, 20% in healthcare and medical devices, and the remaining 10% across other sectors.
OVF seeks to partner with teams that demonstrate innovative solutions to large market opportunities. A unique requirement is that at least one founder must have a primary residence in Oregon or Southern Washington, ensuring a strong local connection. This geographic focus allows OVF to leverage its extensive network of 180+ venture partners, many of whom have founded or led successful companies.
Oregon Venture Fund has a diverse portfolio of over 88 companies, showcasing its commitment to various sectors. Notable companies include:
OVF has achieved significant outcomes, including one IPO and over 26 acquisitions, demonstrating its effectiveness in identifying and nurturing high-potential startups.
Eric Rosenfeld: Co-founder and involved in fund development, bringing extensive experience in venture capital.
Melissa Freeman: Responsible for capital raising and investor relations, she plays a key role in connecting with potential investors.
Deepthi Madhava: Team member contributing to various operational aspects of the fund.
Alline Akintore: Team member with a focus on supporting portfolio companies.
Lynn Fletcher: Team member involved in investment analysis and support.
Matt Compton: Team member contributing to fund operations and strategy.
Brenda Meltebeke: Team member focused on portfolio management.
Raymond Cheung: Team member with expertise in venture capital operations.
Startups interested in pitching to Oregon Venture Fund should submit their proposals through the Gust platform. The pitch deck should include a clear overview of the business model, market opportunity, and team background. OVF typically responds within a reasonable timeframe, but founders are encouraged to follow up if they do not receive a response.
On October 31, 2025, Oregon Venture Fund made a recent investment in Huckleberry, further expanding its portfolio. Additionally, Mueon was also added to the portfolio in the same month. Over the past year, OVF has made a total of six investments, continuing its active engagement in the startup ecosystem.
Q?
What are the investment criteria for Oregon Venture Fund?
OVF invests in companies at all stages, primarily focusing on technology (70%), healthcare (20%), and other sectors (10%). They require at least one founder to reside in Oregon or Southern Washington.
Q?
How can startups apply or pitch to OVF?
Startups can pitch through the Gust platform at gust.com/organizations/oregon-angel-fund. Interested parties can also contact Melissa Freeman at melissa@oregonventurefund.com.
Q?
What makes Oregon Venture Fund different from other VCs?
OVF's unique focus on local entrepreneurs and its extensive network of venture partners, many of whom have founded or led companies, sets it apart. The firm emphasizes active board participation and transparent follow-on criteria.
Q?
What is the typical check size and fund size?
OVF typically invests between $500,000 and $5 million per round, with a total fund size of $500 million.
Q?
What is the post-investment involvement of OVF?
OVF engages in active board participation and provides ongoing support to portfolio companies, leveraging its network and resources to help them grow.
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