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 Oregon

EnerG2

Venture Round in 2013
EnerG2, Inc. is a manufacturer of advanced engineered carbon materials specifically designed for energy storage devices. Founded in 2003 and headquartered in Seattle, Washington, with an additional facility in Albany, Oregon, the company specializes in producing high-performance carbon materials for applications such as ultracapacitors, lead-acid batteries, and lithium-ion batteries. Utilizing proprietary manufacturing technologies, EnerG2 creates nano-structured carbon products that significantly enhance power density and cycle life, addressing the limitations of naturally occurring carbon materials. The company's focus on innovation positions it as a key supplier to energy storage device manufacturers.

Translarity

Series B in 2009
Translarity is an innovator in the semiconductor wafer test industry, focused on the advanced probe card market. Headquartered in Silicon Valley, Translarity brings a disruptive change to the world of semiconductor test by offering a full-wafer test with low cost, high performance, and short cycle time. Translarity acquired BucklingBeam in 2017 to expand its offerings and deliver a full suite of probe card solutions, including full probe cards and vertical probe head solutions. Combined with the company’s advanced Space Translator™ space transformer technology, the company addresses the rapid state of acceleration in probe technologies. Translarity’s proven management team, backed by strong financial investors, recruited a dynamic team of top industry talent to address the unmet challenges in building the Wafer Translator™ technology. In creating the Translarity solution, the team developed a fertile innovation pipeline and a strong IP portfolio, with more than 45 patents already issued and more than 50 filed.

EnerG2

Series A in 2008
EnerG2, Inc. is a manufacturer of advanced engineered carbon materials specifically designed for energy storage devices. Founded in 2003 and headquartered in Seattle, Washington, with an additional facility in Albany, Oregon, the company specializes in producing high-performance carbon materials for applications such as ultracapacitors, lead-acid batteries, and lithium-ion batteries. Utilizing proprietary manufacturing technologies, EnerG2 creates nano-structured carbon products that significantly enhance power density and cycle life, addressing the limitations of naturally occurring carbon materials. The company's focus on innovation positions it as a key supplier to energy storage device manufacturers.

Max-Viz

Venture Round in 2008
Max-Viz is the only company in the world dedicated solely to the design, development and manufacture of Enhanced Vision Systems for the aviation industry.Driven by an extremely passionate and experienced team of scientists, engineers and business partners, Max-Viz maintains a clear vision of its mission: increased safety for all civilian and military aviation.

Ambric

Series B in 2007
Ambric developed a massively parallel processor array integrated circuit for high performance applications. Ambric's parallel processor solution including a "structured object programming model" that allowed developers to effectively program the large number of cores. Ambric's first generation chip architecture, Am2045, featured 336 processors on a chip. It competed against large FPGA's, DSPs and use of Intel x86 processors used in embedded markets. Ambric targeted video compression markets, medical imaging, wireless basesation and military markets.

Virtugo Software

Venture Round in 2007
Virtugo Software, Inc. provides software products that monitor, control, and optimize virtual and physical server environments. It delivers a workflow engine-based software platform that enables system integrators to automate customer specific system management processes for computing and communications environments. The company provides the data necessary for performance monitoring, capacity management, resource optimization, and service metering while enabling integration with third party infrastructure management solutions. Its products offer a performance management tool designed to enable IT organizations to discover, monitor, and maintain the statistics of the virtualized environment; delivers the analysis, metrics, and reporting necessary for capacity planning, baseline usage, and performance modeling within the virtual environment; automatically tunes virtual environment to enhance application performance; offers a utilization measurement to track the utilization of virtualized environment; and monitors the virtual servers to allow for problem identification, notification, and correction, as well as provides tasks to automate and perform routine operations. The company was founded in 2002 as uXcomm, Inc. and changed its name to Virtugo Software, Inc. in 2007. Virtugo Software, Inc. is based in Beaverton, Oregon.
Collaborative Software Initiative Inc., founded in 2007 and based in Portland, Oregon, develops and delivers enterprise software with a focus on innovative and cost-effective solutions. The company offers TriSano, a public health application designed for infectious disease surveillance, outbreak management, and bioterrorism response, catering to epidemiologists, health officials, and healthcare providers. By leveraging a collaborative approach, CSI engages community members, customers, and partners to create core teams that enhance the development process. This model allows for the creation of high-value software products under an open-source license or an annual subscription that includes commercial support. The company's emphasis on collaboration fosters innovation and results in sustainable software that adheres to open standards, ultimately providing greater business value to its diverse customer base.

Virtugo Software

Series B in 2006
Virtugo Software, Inc. provides software products that monitor, control, and optimize virtual and physical server environments. It delivers a workflow engine-based software platform that enables system integrators to automate customer specific system management processes for computing and communications environments. The company provides the data necessary for performance monitoring, capacity management, resource optimization, and service metering while enabling integration with third party infrastructure management solutions. Its products offer a performance management tool designed to enable IT organizations to discover, monitor, and maintain the statistics of the virtualized environment; delivers the analysis, metrics, and reporting necessary for capacity planning, baseline usage, and performance modeling within the virtual environment; automatically tunes virtual environment to enhance application performance; offers a utilization measurement to track the utilization of virtualized environment; and monitors the virtual servers to allow for problem identification, notification, and correction, as well as provides tasks to automate and perform routine operations. The company was founded in 2002 as uXcomm, Inc. and changed its name to Virtugo Software, Inc. in 2007. Virtugo Software, Inc. is based in Beaverton, Oregon.

Translarity

Series A in 2005
Translarity is an innovator in the semiconductor wafer test industry, focused on the advanced probe card market. Headquartered in Silicon Valley, Translarity brings a disruptive change to the world of semiconductor test by offering a full-wafer test with low cost, high performance, and short cycle time. Translarity acquired BucklingBeam in 2017 to expand its offerings and deliver a full suite of probe card solutions, including full probe cards and vertical probe head solutions. Combined with the company’s advanced Space Translator™ space transformer technology, the company addresses the rapid state of acceleration in probe technologies. Translarity’s proven management team, backed by strong financial investors, recruited a dynamic team of top industry talent to address the unmet challenges in building the Wafer Translator™ technology. In creating the Translarity solution, the team developed a fertile innovation pipeline and a strong IP portfolio, with more than 45 patents already issued and more than 50 filed.

Ambric

Series A in 2004
Ambric developed a massively parallel processor array integrated circuit for high performance applications. Ambric's parallel processor solution including a "structured object programming model" that allowed developers to effectively program the large number of cores. Ambric's first generation chip architecture, Am2045, featured 336 processors on a chip. It competed against large FPGA's, DSPs and use of Intel x86 processors used in embedded markets. Ambric targeted video compression markets, medical imaging, wireless basesation and military markets.

Max-Viz

Venture Round in 2002
Max-Viz is the only company in the world dedicated solely to the design, development and manufacture of Enhanced Vision Systems for the aviation industry.Driven by an extremely passionate and experienced team of scientists, engineers and business partners, Max-Viz maintains a clear vision of its mission: increased safety for all civilian and military aviation.

Djangos

Series A in 2000
jangos operates Second Hand Tunes, a chain of Chicago-based music stores.

Djangos

Venture Round in 2000
jangos operates Second Hand Tunes, a chain of Chicago-based music stores.

Webridge

Series C in 2000
Webridge is a software company that develops and commercializes extranet portal systems. It enables companies to communicate with employees, suppliers, and other business partners through a web browser. Founded in 1996, Webridge is based in Beaverton, Oregon.

Webridge

Series B in 1999
Webridge is a software company that develops and commercializes extranet portal systems. It enables companies to communicate with employees, suppliers, and other business partners through a web browser. Founded in 1996, Webridge is based in Beaverton, Oregon.