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Jama Software: From BVC Winner to $200 Million in VC Investment

BH
by Ben Hemson04/23/2019 11:10 AM
Updated: 04/23/2019

In just over 14 years, the Bend Venture Conference has gone from giving out literal Monopoly money to winning pitches, to cutting huge checks for deserving early stage, growth state, and social impact companies.

A notable early success at BVC was Jama Software, a Portland tech firm who took home a $110,000 investment prize at BVC in 2008 (in real cash!). Since that win Jama has continued to garner investment and now sits as the most well-funded VC-backed tech startup in Oregon based on this map from CBInsights:

 

Here’s how EDCO describes the path that took Jama from BVC contestant to a place on the map between California’s (pre-IPO) Uber and Washington’s popular dogsitting app, Rover:

In 2008, Portland-based Jama Software won the Bend Venture Conference. Jama’s software is configured as a webservice and facilitates collaborative software product development. Eric Winquist, CEO and founder of Jama, says the $110,000 investment prize was instrumental in creating investor confidence that allowed the company to raise an additional $1 million in angel funding from other sources. In 2018, Jama Software announced a $200 million growth equity investment, the largest venture financing deal in the Pacific Northwest over the past five years. With this new funding, the BVC 2008 Investor, LLC voted to accept an offer to exit their investment.

If you’re looking to catch the next round of Bend Venture Conference finalists and startup success stories, mark your calendar for October 17-18, 2019 at the iconic Tower Theatre and stay in the loop here.

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