Another Investment Win for RFPIO at Bend Venture Conference

BEAVERTON, Ore. - Oct. 17, 2016 - PRLog -- Following two recent funding announcements, RFPIO, a provider of cloud-based RFP automation software, was awarded $100,000 on Friday at the 13th Annual Bend Venture Conference by Economic Development for Central Oregon (EDCO).

This amount is in addition to the recent funds received from Portland-based VC firm, Elevate Capital, who awarded funding to RFPIO through investments in its first cohort of minority entrepreneur-led startups. TiE Oregon and other local private investors also participated in this round of funding.

In early October, RFPIO received acceptance news as finalists at this year's Bend Venture Conference in the Growth Stage competition. This category included companies that had a proven concept, generated initial revenues, and were prepared to scale quickly with the investment. Including RFPIO, five companies pitched to a sold-out conference.

"This past month we have been fortunate to receive support and generosity from our partners at Elevate Capital and other private investors as well," said Ganesh Shankar, co-founder and CEO at RFPIO. "It was an honor to have made it this far in the competition, alongside several promising startups in the Growth Stage category. We wish these other companies great success on their journey."

Setting a new record for Oregon angel conferences, winning companies in Bend took home over $3.75 million in investments and cash prizes.

About RFPIO:

RFPIO's cloud-based RFP software is a response management solution that eliminates the friction often associated with responding to Request for Proposals (RFPs). Through a no-nonsense set-up, simple and intuitive user interface, and robust integrations with Salesforce and Slack, RFPIO's response automation technology empowers customers with a streamlined process, so they can focus on what matters most for their business. Visit http://www.rfpio.com to learn more.