Five finalists have been selected for this year’s Angel Oregon Tech program and are moving on to the next round of due diligence for a chance at investment.
Founders are vying for at least $100,000 that has been raised for the AOTech fund this year. The program is organized by Oregon Entrepreneurs Network. The finalists will pitch at a finale showcase slated for Sept. 24.
Here’s who made the final cut:
- BuildingLens and founder David Burchfield. The company makes building management software for owners of small to mid-sized buildings to help with energy efficiency, air quality and comfort.
- Dayo and founder Corey Scholibo. The startup created an app designed to help people curb social media use through personalized incentives.
- Radious and cofounder Amina Moreau. The startup created a marketplace for people to rent extra space in their homes or secondary units to people looking for work or meeting space.
- SeaStereo and cofounder Susan Piacenza. The startup uses computer vision and artificial intelligence to help the aquaculture industry, which raises and harvests fish, shellfish and aquatic plants.
- Stiira and cofounder Casey Rillahan. The startup built software to help companies manage regulations around paid and unpaid employee leave.
AOTech is one of three Angel Oregon programs organized by OEN. In addition to an educational component for founders the programs can feature investment potential. This year’s AOTech program wasn’t intended to have an investment component but the OEN investor community demanded otherwise. Earlier this year a group of tech investors pitched raising a fund to accompany this year’s AOTech. So far $100,000 has been raised and more is expected.
“We keep referring to this particular Angel Oregon fund as the little fund that could and (we) hope to raise another $50,000 in the coming months,” said OEN Executive Director Cara Turano in an email.
In addition to AOTech, OEN also organizes Oregon Angel Food, which is focused on food and beverage companies. This year’s OregonAF winner was Mickelberry Gardens. Angel Oregon Life & Bio focuses on life sciences companies. It will name a winner this fall.
