Angel fund makes first investment

Cascade Angels Fund, a Bend-based year-round investment fund for startups, has made its first investment in local software company Droplr, according to a news release issued Friday. Julie Harrelson, fund manager, said Cascade Angels invested $100,000 in Droplr and has closed its initial investment round with $460,000 in its inaugural year.

“Cascade Angels is proud of its role in elevating Central Oregon’s role in fueling prosperity in Oregon,” Harrelson wrote in an email.

The fund, which launched in October, anticipates investing in one to four companies this year, according to the release.

— Bulletin staff report