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Founded in 2007, Oregon Venture Fund (OVF) is the largest and most active venture capital firm in Portland, Oregon. With a fund size of $500 million, OVF has deployed between $15 million and $20 million annually across various stages and sectors. The firm has successfully invested in over 88 companies, contributing to the creation of more than 7,080 jobs in the region. OVF is backed by prominent organizations such as the State of Oregon, Oregon Community Foundation, and Meyer Memorial Trust, which underscores its commitment to fostering local entrepreneurship.
OVF's leadership team includes co-founder Eric Rosenfeld, along with partners Matt Compton and Lynn Fletcher, who collectively bring extensive experience in venture capital and entrepreneurship. The firm is known for its stage-agnostic and sector-agnostic investment approach, allowing it to adapt to the evolving landscape of the startup ecosystem. This flexibility, combined with a strong local focus, positions OVF as a key player in the Pacific Northwest's venture capital scene.
Oregon Venture Fund employs a stage-agnostic and sector-agnostic investment strategy, focusing on companies that demonstrate innovative solutions to large market opportunities. The firm 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 directed towards technology sectors, including advanced materials, SaaS, and e-commerce, while 20% focus on healthcare and medical devices. The remaining 10% encompasses various other sectors, such as energy and consumer products.
OVF has a unique requirement for its investments: at least one founder must have their primary residence in Oregon or Southern Washington. This geographic focus not only strengthens the local entrepreneurial ecosystem but also ensures that the firm is closely connected to the companies it supports. OVF seeks teams that are capable of unlocking underutilized assets through innovation, making it an attractive partner for startups looking to scale in the region.
Oregon Venture Fund boasts a diverse portfolio of over 88 companies, with notable investments including Jama Software, which was acquired by Francisco Partners for $1.2 billion in 2024. Other significant portfolio companies include Elemental Technologies, Absci, Eclypsium, and Hydrolix. OVF has achieved one IPO and over 26 acquisitions, showcasing its ability to identify and nurture high-potential startups.
In the past 12 months, OVF has made six investments, with recent additions such as Huckleberry and Mueon. The firm’s active engagement in the startup ecosystem has not only contributed to the growth of its portfolio companies but has also played a vital role in job creation, with over 5,500 jobs generated through its investments. This impressive track record highlights OVF's commitment to supporting innovative companies in the Pacific Northwest.
Eric Rosenfeld - Co-founder of Oregon Venture Fund, Eric brings extensive experience in venture capital and entrepreneurship.
Matt Compton - Partner at OVF, Matt focuses on identifying high-potential investment opportunities across various sectors.
Lynn Fletcher - Partner at OVF, Lynn has a strong background in supporting startups and fostering innovation.
To pitch Oregon Venture Fund, founders should submit their proposals through Gust at this link. It is advisable to include detailed information about the business model, market opportunity, and team background. Founders can also reach out via email to Melissa Freeman at melissa@oregonventurefund.com for any specific inquiries regarding the pitch process.
Oregon Venture Fund has recently made headlines with its latest investment in Huckleberry in October 2025, further expanding its portfolio of innovative companies. The firm continues to be active in the venture capital space, demonstrating its commitment to supporting local entrepreneurs and driving economic growth in the region.
Oregon Venture Fund invests across multiple stages, including Pre Seed, Seed, Series A, and Series B. This stage-agnostic approach allows them to support companies at various points in their growth journey.
Founders can pitch Oregon Venture Fund through their application on Gust at this link. Additionally, you can reach out via email to Melissa Freeman at melissa@oregonventurefund.com for further inquiries.
OVF has a broad investment focus that includes advanced materials, biotech, consumer products, e-commerce, energy, healthcare, medical devices, and SaaS. Approximately 70% of their investments are in technology, 20% in healthcare and devices, and 10% in other sectors.
The firm typically invests between $500,000 and $5 million per round, with a lifetime investment cap of $10 million per company. Their sweet spot is often between $1 million and $4 million for companies raising $3 million to $10 million.
Oregon Venture Fund primarily invests in companies located in Oregon and Southern Washington. This geographic focus allows them to support local entrepreneurs and strengthen the regional startup ecosystem.
OVF offers active board participation and has a network of over 180 venture partners, 85% of whom have founded or led companies. This extensive network provides valuable mentorship and operational support to portfolio companies.
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