Oregon Venture Fund

Oregon Venture Fund (OVF) is Portland's largest and most active early-stage technology investor, founded in 2007 as the Oregon Angel Fund and rebranded in 2018 to reflect its evolution into a fully institutional venture vehicle. Managing Partner Eric Rosenfeld co-founded the firm and leads a platform that has grown to approximately $250 million in cumulative AUM, deploying $15 to $20 million annually through an annual-vintage model. Each year OVF forms a new limited partnership drawing from a community of 180-plus accredited venture partners who serve as both LPs and as active advisors, operators, and deal introducers for portfolio companies. The fund focuses exclusively on Oregon and Southwest Washington companies across stages from seed through Series B, with initial checks of $500,000 to $4 million and total reserves of up to $10 million per company. OVF leads rounds and has backed over 70 portfolio companies, including Absci (NASDAQ: ABSI, the largest biotech IPO in Greater Oregon history at $230 million), Jama Software, Elemental Technologies, Brandlive, Salt and Straw, Wildfang, Conveyor, Hydrolix, and Lumen Learning. Through 2021 the firm reported a 34 percent average annual rate of return and a 3.5x gross multiple. OVF invests across software, biotech, health technology, food and beverage, and AI, reflecting the diverse character of the Pacific Northwest technology ecosystem it helped build. The firm's community-LP model means that portfolio founders gain not just capital but introductions to operators and executives with deep Pacific Northwest networks, giving OVF a differentiated value proposition relative to coastal generalist funds.