Hot start for Oregon Angel Fund
Oregon Angel Fund founder Eric Rosenfeld predicts this year's fund will total about $5 million.
- Matthew Kish [1]
- Business Journal staff writer- Portland Business Journal
The Oregon Angel Fund has already raised $2.25 million for its 2013 fund, according to securities filings.
Each year the fund raises money and invests in five promising startups. Last year's fund — $4.7 million —was its largest ever.
For a story in Friday's print edition of the paper, founder Eric Rosenfeld[2] said this year's will likely be even bigger. He predicted it will raise around $5 million.
Filings made late Wednesday with the Securities and Exchange Commission show the fund has already raised $1.45 million from Class A investors[3] and $775,000 from Class C investors[4].
The filings don't distinguish between the two types of investors. One is likely institutional investors. Rosenfeld didn't immediately return a call for comment.
Fundraising isn't the only thing going well. The fund also exited three investments in 2012, its most in a single year.
Read Friday's print edition of the Business Journal for more.
Matthew Kish covers banking, finance and higher education.
References
- ^ Matthew Kish (feeds.bizjournals.com)
- ^ Eric Rosenfeld (feeds.bizjournals.com)
- ^ $1.45 million from Class A investors (www.sec.gov)
- ^ $775,000 from Class C investors (www.sec.gov)