Craft3 Invests in Cascade Angels
BEND, OR April 7, 2015 – Cascade Angels Fund 2015, LLC announced today it will receive a $25,000 investment from local nonprofit Craft3 to spur economic growth in Central Oregon.
Craft3 is a Community Development Financial Institution (CDFI) lender founded in 1994. Over the past twenty years, Craft3 has invested over $322 million from offices in Ilwaco, Port Angeles, Seattle and Spokane, Wash., and Astoria, Bend and Portland, Ore. Craft3 provides loans to businesses that create or retain jobs, nonprofits that provide essential services to their communities, and municipalities and Tribal governments for community facilities and economic development efforts.
“We appreciate Craft3’s participation in this year’s Fund,” said Julie Harrelson, CEO of Harrelson Group, Fund Manager, Cascade Angels. “The work that Craft3 does to provide funding in the Pacific Northwest is consistent with the Fund’s focus on economic diversity, job creation, and a return for investors.”
The mission of Cascade Angels Fund is to create opportunities for investors and businesses in and with connections to Central Oregon to drive economic growth and fuel prosperity. The Fund currently has an application period open for launch stage companies at http://gust.com/angel-group/cascade- angels-fund.Please see Cascade Angels website for additional information regarding its purpose, mission and goals www.cascadeangels.com.
“The availability of capital for businesses is a key to building community resilience,” said Turner Waskom, Craft3 Senior Business Lender based in Bend. “We are pleased to be making this investment to increase economic strength in Oregon.”
Cascade Angels Fund is sponsored by Bank of the Cascades, Jones & Roth, Karnopp Petersen LLP, and Harrelson Group.
*Membership in the Cascade Angels Fund 2015 is by referral and invitation only. Angel and venture investments involve a high degree of risk. Participation in the Cascade Angels Fund 2015 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 2015, its portfolio companies, or applying companies. The Cascade Angels Fund 2015 does not operate as a broker-dealer or investment adviser and is not registered as such with any federal or state securities regulator.
About Cascade Angels Fund
Cascade Angels Fund 2014, LLC and Cascade Angels Fund 2015, LLC (Cascade Angels) are 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.
Craft3 is a nonprofit community development financial institution with a mission to strengthen economic, ecological and family resilience in Pacific Northwest communities. They do this by specializing in loans to entrepreneurs, nonprofits, individuals and others who don’t normally have access to financing. Craft3 then complements these financial resources with expertise, personal connections and other advocacy for their clients. Since 1994, Craft3 has invested more than $322 million in Washington and Oregon’s people and communities. Learn more at www.Craft3.org and www.Craft3.org/Videos.