The 2016 RAIN LLC invites applications from the following types of businesses:

• Companies with a potential for growth/scalability.
• Companies with some evidence of a market in terms of revenues are preferred, but exceptional pre-revenue companies with a high degree of advancement in the development of products and intellectual property are also welcome to apply.
• At a minimum, companies should have proof of concept or prototypes.
• Successful applicants are likely seeking a round of funding from $100,000 to half a million dollars.
• Oregon businesses only.
• Investors have a strong preference for local or regional companies.

Firms must be willing to give up a portion of their equity in return for this investment.  Terms are somewhat negotiable, but typically the investment would be made in the form of a convertible note:  You can read the Term Sheet – RAIN 2014  here.

Selection Process

There is no industry preference, but investors will be looking for high growth potential.  The members/investors of the LLC will carry out their due diligence process to vet and consider the applicants.  Applicants should be prepared to share a high level of detail with the investors (see the list of terms at the end of the term sheet).  A minimum of 60% of the investors must vote for the company that will receive the investment.

Prior Rounds

On December 9, 2015, RAIN Launch Stage Finalist performed their final pitches to the RAIN Investors.  The investors selected HoneyComb Corp out of Wilsonville as the Launch Stage Winner. HoneyComb Corp an AgDrone company was awarded $220,000. 

The winner of  RAIN 2014 Launch Stage was Amplion Research out of Portland ($150,000 approx).  Also, an additional investment went to  Red Duck Foods a company based out of Eugene. 

The winner of  RAIN 2013’s Launch Stage was Homeschool Apparel. As a result of the 2013 selection, RAIN investors placed $230,000 with Homeschool.

“Not only did we receive an equity infusion of over $200K through RAIN, I gained invaluable insights and support from a group of engaged investors.  RAIN members included people with directly-relevant industry experience and great connections.”