(Photo above: Amplion team | courtesy of Amplion)
Bend-based Amplion to expand its sales force and customer base.
Cascade Angels Fund 2016, LLC announced today an investment in Amplion, a Bend-based start-up.
“We are pleased to have Cascade Angels continuing involvement as a strategic partner,” said John Zicker, new CEO of Amplion. “Strategic partnerships with funds like Cascade Angels and other Oregon investors are critical to the success of Oregon’s entrepreneurial efforts and will help to accelerate our expansion.”
Zicker, who was recently hired at Amplion, has a strong background as a five-time entrepreneur in the software fields of business intelligence, security and crowd sourced marketplaces. All five companies either went public or were acquired by larger corporations. “We have a strong team,” Zicker said. “The new funds will allow us to grow our sales and marketing teams and focus on our core machine learning technology and analytics platform. So far our focus has resulted in new customer acquisition last quarter including two large, well-known pharmaceutical companies and several well-known diagnostic companies.”
“Cascade Angels Fund is pleased to be making this investment in Amplion. Cascade Angels has invested in 10 companies since its inception. Central Oregon based companies comprise six of the ten investments made thus far.” said Julie Harrelson, CEO of Harrelson Group whose firm manages Cascade Angels.
Cascade Angels Fund is sponsored by Jones & Roth, NAI Cascades, Karnopp Petersen LLP, US Bank and Harrelson Group.
*Membership in the Cascade Angels Fund 2016 is by referral and invitation only. Angel and venture investments involve a high degree of risk. Participation in the Cascade Angels Fund 2016 is limited to “accredited investors,” as defined by the general rules and regulations of the Securities Act of 1933 of the Securities and Exchange Commission AND to investors who have such knowledge and experience in financial and business matters that they are capable of evaluating the merits and risks of prospective investments.
This release is not an offer to sell or solicit investment in the Cascade Angels Fund 2016, its portfolio companies, or applying companies. The Cascade Angels Fund 2016 does not operate as a broker-dealer or investment adviser and is not registered as such with any federal or state securities regulator.
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About Cascade Angels Fund
Cascade Angels Fund is based in Central Oregon. Our mission is to create opportunities for investors and businesses in and with connections to Central Oregon to drive economic growth and fuel prosperity. The fund idea emerged out of the Bend Venture Conference. We are committed to building Oregon’s entrepreneurial ecosystem. Learn more at www.CascadeAngels.com and www.twitter.com/CascadeAngels.
