Cascade Angels Fund 2016, LLC announced an investment in Amplion, a Bend-based start-up.
“We are pleased to have Cascade Angels continuing involvement as a strategic partner,” said John Zicker, new CEO of Amplion. “Strategic partnerships with funds like Cascade Angels and other Oregon investors are critical to the success of Oregon’s entrepreneurial efforts and will help to accelerate our expansion.”
Zicker, who was recently hired at Amplion, has a strong background as a five-time entrepreneur in the software fields of business intelligence, security and crowd sourced marketplaces. All five companies either went public or were acquired by larger corporations. “We have a strong team,” Zicker said. “The new funds will allow us to grow our sales and marketing teams and focus on our core machine learning technology and analytics platform. So far our focus has resulted in new customer acquisition last quarter including two large, well-known pharmaceutical companies and several well-known diagnostic companies.”
“Cascade Angels Fund is pleased to be making this investment in Amplion. Cascade Angels has invested in 10 companies since its inception. Central Oregon based companies comprise six of the ten investments made thus far,” said Julie Harrelson, CEO of Harrelson Group whose firm manages Cascade Angels.
Cascade Angels Fund is sponsored by Jones & Roth, NAI Cascades, Karnopp Petersen LLP, US Bank and Harrelson Group.