About OAF
The Oregon Angel Fund (OAF) is a highly structured, professionally managed, investor-driven angel fund. The fund provides accredited investors privileged access to the most promising startups and early-stage growth companies in Oregon and SW Washington. Investors in OAF can also be members the
Portland Angel Network (PAN).
OAF launches a new $3M+ fund each spring. Each annual fund aims to place 4-5 investments over a 12-month active investing period. The fund typically invests $400k-$600k per deal with individual PAN members and venture capitalists investing alongside and after OAF.
OAF was created by OEN in 2007 to encourage veteran and new angel investors to hone their investing skills, with the aim of increasing the number of active angel investors and funded startups in Oregon. Each fund's one-year investment horizon is designed to encourage decision-making, diversification, and learning, as well as to further position OAF as the most-active, local venue for funding startups. The 80+ active OAF investors collaborate on due diligence and use a highly participatory, democratic process to select investments.
OAF operates independently of, but in close collaboration with OEN, which is a not-for-profit organization and does not have a financial interest in OAF. See www.OregonAngelFund.com
Apply for Funding
To be considered for an investment by OAF and by members of PAN, companies must apply online via
Angelsoft.net, a secure hosted platform shared by OAF and PAN for reviewing and evaluating funding requests. Only one application is needed. Once a company applies, the deal is immediately available for viewing by all 100+ members of OAF, and PAN.
A one-time $250 application fee, payable by credit card, covers OEN's costs associated with hosting the joint OAF/PAN meetings and providing support services for applying entrepreneurs. No other fees are charged. Applying companies are encouraged, but not required, to participate in a complimentary OEN Private Business Plan Review or Investor Presentation Review.
The online application is designed to draw from an executive summary and highlight the most important details about the business in a straightforward and secure manner. Entrepreneurs can post supporting documents at any time during the review and due diligence process, including an executive summary or short business plan (required), a financial plan, presentations, term sheets, investment subscription docs, company updates, customer letters, and anything else that may aid investors in their due diligence. Applications may remain online for 12-months or more for investors to refer to, and may be updated or removed by the applying company at any time.