Oregon venture capital activity slows

Oregon venture capital activity slows

Oregon venture capital activity slowed in the first quarter.

The NVCA says Oregon entrepreneurs raised $37.7 million in the first quarter, but that total includes a $10.8 million investment in Portland medical technology company Home Dialysis Plus. HD Plus said this afternoon that money is part of a $50 million round from Warburg Pincus announced two years ago.
The NVCA also reported a $10.4 million round for a Portland software company. Reached this morning, that company says it’s hopeful of raising more money but hasn’t closed any deal yet. The company asked not to be named, for fear of disrupting talks with prospective investors.
Subtract those deals and the state’s haul tallied less than $17 million in the first quarter, compared to a quarterly average of $40 million over the past five years.

Read more at OregonLive.com.

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