Oregon startups have raised $174 million to date, up from $162 million raised in 2013.
Nearly half of this year's money has to two companies on rapid growth curves: Act-On Software announced a $42 million venture round in April and Puppet Labs announced a $40 million investment in June. Each deal was among the largest in state history.
Venture capital had been in a prolonged downturn in Oregon – annual venture investment in the state has been below historical averages in four of the past six years, by Dow Jones' reckoning.
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