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Venture capitalism firm makes inroads into Portland

10:16 AM PDT on Wednesday, August 6, 2008

Associated Press

PORTLAND, Ore. -- A Seattle venture capital firm is looking to make some inroads into the Oregon market.

Voyager Capital partners has just opened up a new office in Portland.

Company officials say they hope to fund at least two Oregon companies each year.

Venture capitalism -- seed money for startup companies -- hasn't had much of a foothold in Oregon.

The state has historically attracted venture capital at half the rate of the nation as a whole on a per capita bases.

But Voyager Capitol managers say they think the state is poised to be the next technology hotspot.

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