Oregon firm raises $262M, spurs suspicions


Company with ties to “corporation mill” logs lucrative funding round.

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BY JACOB PALMER | DIGITAL NEWS EDITOR

An Oregon company has raised $262 million in a recent round, but it has also raised suspicions. 

Wallstreet Commerce operates out of a house in Aloha and has ties to a “corporation mill” in California that has been scrutinized by the FBI.

In a phone interview, CEO Didier Dippe said the company will draw down the money over the next two years as it identifies investments in European high-tech, IT, health care and clean technology companies. He said the firm’s Oregon connections, including a leased office at one of the city’s ritziest addresses, will help those companies enter U.S. markets.

The entire $262 million came from a single U.S. investor, Dippe said, but he declined to name the individual due to a non-disclosure agreement.

(READ MORE: Portland Business Journal)

Matthew Kish’s report is certainly worth a read and turns up a lot of troubling facts about Dippe and his company.

 

 


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