Oregon venture capital reaches highest level since dot-com era

Oregon entrepreneurs raked in $109.7 million in venture capital fundraising in the third quarter, the biggest quarter in more than a decade.

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Oregon entrepreneurs raked in $109.7 million in venture capital fundraising in the third quarter, the biggest quarter in more than a decade.

Most of that money went to one company, Clear Edge Power, which raised $73.5 million in August in a round lead by Kohlberg Ventures. The Hillsboro company is making fuel cells designed to provide cleaner, cheaper power by generating electricity on site. 

Through the first nine months of the year, Oregon companies raised $182.7 million, according to new data compiled by PricewaterhouseCoopers for the National Venture Capital Association. That’s the best first three quarters of any year since the dot-com era.

Read more at OregonLive.com.

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