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Northwest Technology Ventures is a formation-stage venture fund based in Portland, Oregon. It specializes in seed and early-stage investments, sourcing opportunities from Oregon's public and private universities, research institutions, and corporate laboratories. The firm provides capital, management, and development support to commercialize nascent technologies, actively defining commercial pathways for promising innovations.
The fund was established to address the capital gap between early-stage venture financing and raw research discoveries. Guided by its core team, including Gordon Hoffman, the firm operates on the insight: "Where a business is not as yet defined, but technology is available, we'll work to identify the business opportunity." This principle has directed the fund's strategy since its establishment around 2005.
Northwest Technology Ventures supports new companies commercializing intellectual property from Oregon's scientific and academic institutions. The firm actively cultivates its technology and life sciences portfolio companies to enhance their success. Its vision is to build businesses by transforming institutional knowledge into commercial enterprises, strengthening the regional innovation landscape.
Northwest Tech Ventures has 2 tracked investments across 1 company. The latest tracked deal is $3.0M Other Equity in Adapx in July 2012.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jul 30, 2012 | Adapx | $3.0M Other Equity | — | OVP Venture Partners, Paladin Capital Group, Pelion Venture Partners |
| Jul 1, 2012 | Adapx | $3.0M Series U | — | Forest Baskett, Greg Papadopoulos, RON Bernal, NEW Enterprise Associates, OVP Venture Partners, Paladin Capital Group, Pelion Venture Partners |