Total awards in 2015 Bend Venture Conference companies hit $947,500

Economic Development for Central Oregon (EDCO) announced that the total awards in 2015 Bend Venture Conference companies hit $947,500, up from $620,000, which was awarded in mid-October at the end of the conference.

Investments in two of the winning Growth Stage companies, Odysys and Perfect Company, officially closed at $225K and $125K, respectively.

“With roughly $2 million invested in the competing companies over the last two years, the Bend Venture Conference has moved into a new league and it’s showing in the quality of the applicants,” said Jason Moyer, fund manager for the 2015 BVC LLC. “All five Growth Stage finalists were investable, and all five received funding.”

“We managed to set a record for investments made through the BVC LLC this year, with $350,000 being invested, after expenses,” said Brian Vierra, venture catalyst for EDCO. “This was particularly noteworthy given that Cascade Angels, which invested through the LLC last year, made their investment directly in a company this year, and it was not represented by the LLC.”

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