Bend, Oregon Cascade Angels Fund Raised $725,000, 58 Percent Increase over 2014

By: CBN - Apr 28, 2015
Source: Cascade Business News

Investors in the 2015 Fund include Oregon Growth Board, Craft3, CEOs, founders, entrepreneurs and previous investors pleased with fund’s direction.

Cascade Angels Fund 2015, LLC announced the Fund has closed with $725,000 in investments. A 58 percent increase over the 2014 Fund. The 2015 Fund is the second fund managed by Harrelson Group.

Cascade Angels Fund 2014, LLC invested close to $400,000 in emerging companies and pushed the total investment in Bend Venture Conference to over $1 million with its investments in Amplion and Poached Jobs.

“With investment from Oregon Growth Board, Craft3, entrepreneurs and business leaders, as well as CEOs and founders who have had successful exits, Cascade Angels is gaining momentum,” said Julie Harrelson, CEO of Harrelson Group, which serves as the fund manager for Cascade Angels. “Current plans are to begin investing Oregon companies immediately in order to fund these early efforts.

Julie Harrelson credited the Fund’s success on the combination of collaboration, desire for local capital, and support by specific organizations and individuals in a presentation she recently gave at the national Angel Capital Association Summit in San Diego. The mission of Cascade Angels Fund is to create opportunities for investors and businesses in and with connections to Central Oregon to drive economic growth and fuel prosperity.

The Fund currently has an application period open for launch stage companies at http://gust.com/angel-group/cascade-angels-fund. Please see Cascade Angels website for additional information regarding its purpose, mission and goals www.cascadeangels.com.

Cascade Angels Fund is sponsored by Bank of the Cascades, Jones & Roth, Karnopp Petersen LLP, and Harrelson Group.

*Membership in the Cascade Angels Fund 2015 is by referral and invitation only. Angel and venture investments involve a high degree of risk. Participation in the Cascade Angels Fund 2015 is limited to “accredited investors,” as defined by the general rules and regulations of the Securities Act of 1933 of the Securities and Exchange Commission AND to investors who have such knowledge and experience in financial and business matters that they are capable of evaluating the merits and risks of prospective investments.

This release is not an offer to sell or solicit investment in the Cascade Angels Fund 2015, its portfolio companies, or applying companies. The Cascade Angels Fund 2015 does not operate as a broker-dealer or investment adviser and is not registered as such with any federal or state securities regulator.

Cascade Angels Fund 2014, LLC and Cascade Angels Fund 2015, LLC (Cascade Angels) are based in Central Oregon. Our mission is to create opportunities for investors and businesses in and with connections to Central Oregon to drive economic growth and fuel prosperity. The fund idea emerged out of the Bend Venture Conference. We are committed to building Oregon’s entrepreneurial ecosystem.

Learn more at www.CascadeAngels.com and www.twitter.com/CascadeAngels