OVP Venture Partners

OVP Venture Partners, incorporated in 1983 and based in Seattle, Washington, is a venture capital firm that specializes in early-stage investments across the biotech, clean-tech, and technology sectors in the United States. Since forming its first fund, OVP has launched several additional funds, navigating various market cycles and adapting to changing economic conditions. The firm actively engages with leading entrepreneurs, many of whom have pioneered successful venture-backed companies in the Pacific Northwest, fostering collaboration through its Entrepreneurs Fund. These seasoned industry leaders co-invest in projects alongside OVP, contributing valuable insights, deal flow, and connections to support the development of major enterprises. OVP's investment strategy spans multiple regions, targeting sectors such as technology, media, financial services, healthcare, and pharmaceuticals.

Bill Funcannon

Managing Director and Chief Financial Officer

Linda Hoban

Director of Marketing and Investor Communications

Charles Waite Jr.

Managing Director

Past deals in Idaho

Cradlepoint

Venture Round in 2011
Cradlepoint offers a cloud-based network solution to connect people, places, and things over wired and wireless broadband. Cradlepoint NetCloud is a software and services platform that extends the company’s 4G LTE-enabled multi-function routers and ruggedized M2M/IoT gateways with cloud-based management and software-defined network services. With Cradlepoint, customers can leverage the speed and economics of wired and wireless Internet broadband for branch, failover, mobile, and IoT networks while maintaining end-to-end visibility, security, and control. More than 15,000 enterprise and government organizations around the world — including 75 percent of the world’s top retailers, 50 percent of the Fortune 100, and 25 of the largest U.S. cities — rely on Cradlepoint to keep critical sites, workforces, vehicles, and devices always connected and protected. Major service providers use Cradlepoint network solutions as the foundation for innovative managed service offerings. Founded in 2006, Cradlepoint is a privately held company headquartered in Boise, Idaho, with development centers in Silicon Valley and Kelowna, Canada, and offices in the UK, Australia, and Japan.

M2E Power

Series A in 2007
M2E Power is focused on the development of energy generation technology solutions and delivers clean technology power for mobile devices. Its technology solutions are used in military devices. M2E Power was acquired by Motionetics in July 2009. M2E Power was founded in 2006 and is based in Boise, Idaho.