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In an ideal world, every company that has won OEN’s Angel Oregon would go on to experience resounding success. But of course, we all know it doesn’t work that way. Promising young companies can flounder or fail for any number of reasons that investors can’t predict.
As we prepare to announce our Angel Oregon Spring 2014 Investment Term winner at our Showcase on Wednesday, the Portland Business Journal tracked down OEN’s past Angel Oregon winners to see where they stand today. Despite the story’s ominous headline (“How many past Angel Oregon winners are still in business?“), we are happy to report that the majority are still alive, and some are truly thriving.
These three past winners particularly stand out, successfully using their Angel Oregon investment as a springboard for further fundraising:
Brandlive, which won $260,000 at OEN’s Angel Oregon 2013 Conference, went on to raise a Series A round of $1.6 million, led by the Oregon Angel Fund (OAF).
Brandlive provides brands with a one-to-many, live, interactive ecommerce platform.
OpenSesame raised a $8.2 million Series A in early 2014 after nabbing a $185,000 prize in OEN’s Angel Oregon 2011 Conference.
A platform for buying and selling elearning courses, OpenSesame currently offers over 20,000 online training courses for businesses.
After winning $230,000 in OEN’s Angel Oregon 2009 Conference, DesignMedix raised a Series A round of $1.2 million in 2009 and has embarked on a Series B round with a goal of $1.5 million.
DesignMedix develops drugs to address the large medical need caused by the rapid rise in drug resistance in multiple diseases.
Other notable companies: