Innovation America Innovation America Accelerating the growth of the GLOBAL entrepreneurial innovation economy
Founded by Rich Bendis

Venture capital dollars continued flowing into Oregon during the first part of the year, according to new data out this morning from the National Venture Capital Association.

Although Oregon's haul remains small by national standards, and hasn't increased significantly from last year, it provides a grounding for future entrepreneurial activity in the state.

Oregon startups attracted $41.4 million in the first quarter, compared with $45.2 million invested during the same period last year. It's a little above the $39.2 million the state landed in the fourth quarter.

Nationally, VC investment was up 5 percent from the fourth quarter.

More than half of Oregon's total, $22.0 million, went to a single company -- Tigard-based Agilyx Corp., a waste-reduction and clean energy company that won backing from prominent Silicon Valley venture firm Kleiner Perkins Caufield & Byers.

To read the full, original article click on this link: Oregon venture capital activity held steady in first quarter | OregonLive.com

Author: