WELCOME!

We're glad you're here! Our goal is to provide periodic updates on the impact of Oregon Venture Fund (OVF) portfolio companies and venture capital in our region.

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

FUND + TEAM NEWS



OVF's 15th Fund is NOW OPEN to Investors!

Interested in learning more about OVF and how you can get involved? Whether you're an investor or an entrepreneur, below are some places you can find us in the coming weeks. We can't wait to see you!

• Oct 20 and 21: We're excited to sponsor and attend the Bend Venture Conference again this year. Look for Melissa, Jon or Deepthi.
• Oct 26 and 27: We're headed to the Medford area and will host a couple of special events. Investors contact Melissa to RSVP. Entrepreneurs contact Jon to RSVP.
• Nov 7 at 4pm PT via Zoom: call in from wherever you are and learn more about investing in our region. RSVP here.

TrovalTrip - Why We Invested

TrovaTrip offers a refreshing and current take on group travel. They are the first travel planning and booking platform that connects creators and communities directly with tour operators around the world. We were impressed with the team and their approach to disrupting a long held way of getting folks together. Learn more about why we invested alongside some other well established venture funds like Madrona. 

Pictured: TrovaTrip's Co-Founder & CRO, Lauren Schneider

Avoid Risk / Get Cozy with Uncertainty

This may be one our favorite Rosenfeld Ruminations. As a long-time venture capitalist, Eric has seen many things and has been pitched many innovative ideas. But how do you determine when it's a risk you should walk away from or when the uncertainty may pay off. Check out Eric's latest perspective - complete with thought leadership, case studies and humor.

Pictured: OVF's Founder, Eric Rosenfeld

The Funded - a Signature CEO Event

Each year, except those pesky Covid years, OVF brings together our region's venture-backed CEOs (regardless if funded by OVF or other VCs). It's an opportunity for CEOs to spend a half day with their peers and focus on a strategic topic in a bucolic setting (Thanks SVB and Stoller Vineyards). This year, Google's Kelsey Hightower led the keynote on the art of storytelling and provided live examples of how to simplify complex technical topics (Thanks Kelsey!). During breakout sessions CEOs networked, shared their own stories and strategies for engaging teams, and growing their businesses.

Pictured: Deepthi Madhava, Kelsey Hightower, Matt Compton

PORTFOLIO NEWS

Eclypsium Closes $25M Series B Round Funding

Eclypsium's recent $25M series B upround was led by the most cyber of cybersecurity VCs, with participation from Andreessen Horowitz, Intel, Madrona, and OVF. CEO Yuriy Bulygin (pictured) and team are killin' it! Eclypsium is one of only two cyber firms endorsed by the US government for supply chain security. Did you know that 69% of exploited vulnerabilities are in firmware? That 21% of all ransomware breaches are firmware related? That 31% of adults sleep with a security blanket?

Customer.io Acquires Parcel

The acquisition of this best-in-class email code editor will enable Customer.io to offer an even-more streamlined experience for marketers, designers, and email developers worldwide. This acquisition follows Customer.io's recent purchase of Gist, an in-app messaging solution. Congrats to the team on their continued growth and success! Read more about the Parcel acquisition in a post from Customer.io CEO Colin Nederkoorn.

Rumpl Launched the Perfect Fireside Blanket

It's flame resistant! Forbes indicated that, "the Oregon label that pioneered the modern camping blanket (and ranked number one in the Forbes roundup of the best camping blankets) unveils colorful, creative and surprisingly capable outdoor equipment on their own terms." We're not surprised, just excited to have Rumpl as part of the OVF portfolio. Don't take our word for it - read the rest of the article by Forbes Magazine.

Salt & Straw in Harvard Business Review

For their success in rekindling a sense of community around their stores, Salt & Straw co-founders Kim Malek and cousin Tyler Malek are featured for their innovative model programs with community groups and neighborhood schools. They also opened their first Sacramento store and introduced their version of puppy pleasers - pup cup ice cream. Lots of tail waggin' all the way around! Their next stop is Vegas with plans to open shop in early 2023. 

Pictured: Salt & Straw's Co-Founder & CEO, Kim Malek

JOBS

Looking for a new gig? Know someone who is? Below are just a few open positions at a few of our portfolio companies. Check them out. Pass them along. Thanks!

Account Executive - Opal (Remote)

VP of Finance - Wildfang (Remote)

CFO / Head of Finance - Rise Brewing

Enterprise Data Architect - BigLeaf (Remote)

Check out the OVF job board for the complete, up-to-date list of all 100+ openings.

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Since its founding, OVF and its investors have invested $169M in 73 companies that have created over 4,900 jobs. 31% of our portfolio companies are founded or led by a woman and 21% by an entrepreneur of color.

OVF is made possible by the generosity of our corporate partners

Disclosure: This newsletter is intended to provide general information regarding OVFs investments and impact and not for the purpose of soliciting investors for any OVF 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.