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Business Oregon
Nathan Buehler
Marketing Mgr
Email; 503-689-3559

October 20, 2017 Media Contact


Business Oregon Supports Seven Entrepreneurial Companies at Venture Capital Events in Central Oregon

Business Oregon is arranging financing for five entrepreneurial companies participating at the Bend Venture Conference this week and two companies at the Bend Outdoor Worx Venture Out Festival in Bend, Oregon. In all, the loans will likely amount to $860,000 in capital for the firms to access.

The Bend Venture Conference takes place each year to celebrate entrepreneurship and allow promising business startups to conduct financing pitches and vie for angel funding in three categories. Venture Out is in its second year and the only funding event focused solely on the outdoor products industry.

"Small businesses and innovative entrepreneurs help drive Oregon's thriving economy," Governor Brown said. "It's important that we encourage a spirit of entrepreneurism and invest in local businesses in all corners of the state, and I couldn't be more thrilled to attend this year's Bend Venture Conference."

Business Oregon is using two of its financing programs for these companies. First, a direct loan program targeted for entrepreneurs, the Entrepreneurial Development Loan fund. The other is the Small Business Expansion Program, a newer financing solution fit for situations in between "almost bankable" and angel or venture capital deals. This pilot program allows businesses to pay a periodic revenue payment as a percentage of net sales combined with scheduled monthly payments of principal and interest.

"Business Oregon supports entrepreneurs across the state, their ideas are an investment in Oregon's future prosperity," said Chris Harder, director of Business Oregon. "These events are also a great way to connect innovative companies to the different financing tools we can offer that may be a better fit than equity financing."

Last year, more than 600 attendees, 50 prominent investors, and 89 companies participated at the Bend Venture Conference, the 2017 event took place this week.

The companies Business Oregon is pursuing financing with are:

Mountain Mels
Produces a line of herbal first aid goods for active outdoor adventure seekers. They also have a line of medicinal herbal teas.

Rugged Thread
Rugged Thread specializes in technical sewing, repair, alteration, and tailoring of outdoor adventure clothing and gear. They work on technical ski and snowboard clothing, motorcycle clothing, tents, backpacks, sleeping bags, camper zippers, soft-sided luggage, boat and RV canvas, sails, and more.

Voilà Coffee
Voilà manufactures specialty instant coffee using coffee from top US specialty coffee roasters. Voilà operates primarily as a monthly subscription sold direct to consumers. Customers order online and then choose how many cups per month they would like, customize their taste preferences, etc.

InvestiPro
InvestiPro is the first fully-automated SaaS platform for conducting effective and compliant internal workplace investigations. Not just forms and guidance, but a cloud-based platform that guides through the investigation start to finish that doesn't require HR or investigation experience.

Drone Compiler
Drone Complier is SaaS software, providing regulatory and industry compliance management software and data management solutions, enabling enterprise companies to manage compliance, improve safety, and simplify the integration of unmanned systems.

LeadMethod, Inc.
LeadMethod is a Channel Revenue Optimization software company, providing businesses that sell through a network of channel partners and distributors with the critical feedback and sales data they need to understand their sales pipeline and increase revenue.

LEVRUM
Levrum is entering the $1.5B municipal predictive analytics market. Levrum's current product suite helps cities save lives, property, and money by efficiently deploying emergency resources. Levrum is capitalizing on the move from retrospective data analysis to predictive modeling and machine learning.

Get more information on the Bend Venture Conference

Get more information on the Venture Out event


Business Oregon, the state's lead economic development agency, invests in Oregon businesses, communities, and people to promote a globally competitive, diverse, and inclusive economy. Our services span rural community development and infrastructure financing; business retention, expansion and recruitment; export promotion and international trade; investments in industry research and development and entrepreneurship; small business assistance; and support for arts and cultural organizations.