Venture activity picks up in third quarter

Venture activity picks up in third quarter

Oregon venture capital activity rose in the third quarter after a dismal spring.

But the pace of startup funding year remains well below 2010 and 2011 levels, both in Oregon and nationally, according to the MoneyTree report out tonight from the National Venture Capital Association and PricewaterhouseCoopers.

Beaverton marketing company Act-On Software had the largest Oregon deal announced during the quarter, raising $16 million in a round led by Norwest Venture Partners.

Read more at OregonLive.com.

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