WELCOME!

We're glad you're here! Our goal is to provide updates on the impact of Oregon Venture Fund portfolio companies and venture capital trends in our region. And, in case you or someone you know is looking for their next gig - you'll also find a few of the open positions at our portfolio companies.

Take a look around and let us know what you think. Thanks for being here.

FUND NEWS + PERSPECTIVES

A Record Year

2026 has been a historic, high-velocity year for OVF and its growing community of investors and entrepreneurs:

• Server architecture: $3M investment | $65M round
• Semiconductor IP: $3M investment | $100M round
• Online marketplace: $3M investment | $13M round
• AI security: $3M investment | $10M round
• Electro-optical materials: $1M investment | $13M round
• GearUp: $1M investment | $36M growth round
• Customer.io: $5M in opportunistic secondary share purchases.

OVF will soon pass $20M+ invested in top startups in Oregon and Southern Washington in 2026 alone. Note that:

• Venture financings are increasingly larger and public disclosures thereof increasingly fewer.
• Application software is out. IP-intensive solutions that increase the performance and reduce the energy consumed by data centers are in.
• Cybersecurity will likely always be a costly, unsolved problem. [Like my Xfinity home security system.]
• Our region is rife with ambitious entrepreneurial talent that is attracting local and global venture capital to build a new generation of world-class growth companies. Right here.

Summer Strengthens Connections

OVF's regional focus shines in summer. Our founders, investors, and partners are out-and-about, relaxing and recreating with family and friends. It’s fun to run into them. The many long-term relationships forged between founders and investors in our community make coincidental run-ins that much more special. OVF’s geographic focus fosters a unique sense of community and deep trust, providing a competitive advantage for our portfolio companies. More here from Melissa Freeman, director of investor relations.

A Virtuous Cycle of Talent and Capital

OVF's mission is to "Unleash our region’s talent and capital to build a new generation of world-class companies. Again and again." It's working. Over 40 OVF-backed founders are now themselves investors in OVF. They're sharing their expertise, insights, industry relationships, and capital with the next generation of local founders. The cycle of local wealth creation and reinvestment works well in the Bay Area and Seattle - how is it working in Oregon and Southern Washington? Learn more from partner Deepthi Madhava's perspective.

PORTFOLIO NEWS

App of the Day - World Reborn by Wicked Saints

World Reborn, a blended-reality story game from Wicked Saints Studios featuring graphic novel-style visuals and IRL quests, was named Apple's Game of the Day. The Medford-based studio is pioneering a new category of interactive entertainment - adventure activism games - that use behavioral science and storytelling to empower players, particularly Gen Z, to build real-life skills and tackle real-world challenges. Congratulations to co-founders Jessica Murrey and Alicia Clifton. Way to make a difference.

Construction Software Platform of the Year

Digs AI Takeoffs has been selected by PropTech Breakthrough as the construction estimation platform of the year. Clark County-based Digs offers an AI-powered collaboration and document-management platform for residential home builders, trade partners, and homeowners. Founded by serial proptech entrepreneurs Ty Frackiewicz and Ryan Fink, Digs' customers include some of the largest national home builders.

Read more here.

JOBS

Looking for your next gig? Know someone who is? Below are just a few of the open positions at some of OVF's portfolio companies. Please take a look and pass them along.

Director of Sales Strategy - Salt & Straw

Principal Product Manager, Platform - Hydrolix

Senior Product Manager, Core IGA - C1

VP of Finance - Source

Browse the OVF job board for a complete, up-to-date list of 110+ openings at a number of our portfolio companies.

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Since its founding, OVF has invested $212M in 90 companies which have created over 7,068 jobs. 32% of our portfolio companies are founded or led by women and 27% by entrepreneurs of color.

Pitchbook places OVFs total return in the top 25% of ALL global venture funds (1Q2026).

OVF's corporate partners share our passion for supporting local entrepreneurs:

Disclosure: This newsletter is intended to provide general information regarding OVFs investments and impact and not for the purpose of soliciting investors for any fund. Under no circumstances should the information provided be considered an offer to sell, or a solicitation to buy, any security. Such offer or solicitation may only be made to accredited investors and qualified purchasers pursuant to the current offering documents of the relevant OVF Fund. The information provided may not be reproduced or disseminated to any third parties without the written consent of OVF. The past performance of previous OVF Funds and portfolio companies is not necessarily indicative of future results. Investors in OVF Funds may lose investment capital. There can be no assurance that any future OVF Funds or portfolio companies will achieve comparable results.