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Ore. venture funding hits new high

July 29, 2014 --

By Technology Association of Oregon.

Venture capital funding in Oregon hit a high in the first six months of 2014, raising more investment dollars in the first half of the year than in all of 2013. According to the Oregonian, Dow Jones VentureSource reported that Oregon startups raised $174 million in venture capital investment from January through June this year, while 2013’s yearlong total was $162 million. However, this half-year’s big numbers were buoyed by major investments in just two startups: almost half of this year’s investment total is comprised of Act-On Software’s $42 million round and Puppet Lab’s $40 million investment. Still, it’s an impressive showing of VC interest in the Portland area’s thriving startup scene, and the best may be yet to come.

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