# Bill Funcannon

> Bill Funcannon is a funding round investor at OVP Venture Partners backing Security and Energy. See 5 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [OVP Venture Partners](https://shizune.co/investors/profile/ovp-venture-partners)
- Location: Seattle, United States
- Total investments: 5
- Last investment: Jan 2013
- Lead investor: 80%
- Last updated: Aug 2026

Bill Funcannon is a funding round investor at OVP Venture Partners in Seattle focused on Security and Energy. Bill Funcannon joined OVP Venture Partners in 1989, first as Controller and then as Managing Director and Chief Financial Officer. In this role he reviews all financing documents, negotiates term sheets, structures deals and assists in the due diligence process. Bill is responsible for the firm’s day-to-day administrative activities and all itsfinancial and reporting functions. Bill also sits on the Boards of RedSeal and EnerG2. He was previously a Board Membor for LeMond Fitness (sold) and Avenda (sold to Aruba).Prior to joining OVP, Bill spent eight years as Venture Fund Controller at Hambrecht & Quist, where he managed over $700 million in assets. Prior to H&Q Bill was a Registered Representative with the brokerage firm of CD Anderson & Co.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Security | 2 | 40% |
| Energy | 1 | 20% |
| Mobile | 1 | 20% |
| Computer | 1 | 20% |
| Software | 1 | 20% |

12 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Funding Round | 2 | 40% |
| Series A | 1 | 20% |
| Series B | 1 | 20% |
| Series C | 1 | 20% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| EnerG2 | EnerG2 engineers advanced nano-structured carbon materials for energy storage and is focused on the production of these materials for energy storage devices. Proprietary manufacturing technologies allow its products to surpass the material limitations of naturally occurring carbons, producing high surface area, high performance materials thatimprove power density and cycle life in batteries and other energy storage devices. EnerG2 is currently delivering its advanced carbons to customers for ultracapacitors, lead acid batteries, and lithium ion batteries. | $9.4M |  | Jan 12, 2013 |  |
| RedSeal | RedSeal develops security risk management (SRM) software and solutions and helps companies eliminate cyber threats.RedSeal was founded in 2004, helps Global 2000 organizations defend their critical digital assets. RedSeal gets ahead of cyber criminals by calculating every possible internal and external “attack path” to the most valuable networkassets – before they do. Customers get a prioritized list of the most vulnerable paths to their most valuable assets. More than 200 corporations and government agencies worldwide have RedSealed their networks, including five of the top 50 financial institutions, all of the major security vendors, fifteen of the Fortune 100 retail companies, and a number of US government organizations including the US Army, US Navy, US Postal Service and the FAA. Key commercial customers include Nationwide, Oracle, Cisco and First Data.RedSeal partners with all of the top suppliers of network infrastructure (Cisco, Juniper Networks, Fortinet, Arista, Aruba, Check Point, Palo Alto Networks, F5). Its software integrates with all industry leading security solutions (McAfee, Symantec, Qualys, HP ArcSight, Rapid7, Splunk,Tripwire, MaxPatrol, nMap) as well as with major workflow vendors (ServiceNow, Remedy), providing the most comprehensive validation of network security.RedSeal is backed by prominent venture investors including Venrock, Leapfrog Ventures, Sutter Hill Ventures, JAFCO Ventures, Olympic Venture Partners and In-Q-Tel. | $10M |  | Nov 16, 2011 |  |
| RedSeal | RedSeal develops security risk management (SRM) software and solutions and helps companies eliminate cyber threats.RedSeal was founded in 2004, helps Global 2000 organizations defend their critical digital assets. RedSeal gets ahead of cyber criminals by calculating every possible internal and external “attack path” to the most valuable networkassets – before they do. Customers get a prioritized list of the most vulnerable paths to their most valuable assets. More than 200 corporations and government agencies worldwide have RedSealed their networks, including five of the top 50 financial institutions, all of the major security vendors, fifteen of the Fortune 100 retail companies, and a number of US government organizations including the US Army, US Navy, US Postal Service and the FAA. Key commercial customers include Nationwide, Oracle, Cisco and First Data.RedSeal partners with all of the top suppliers of network infrastructure (Cisco, Juniper Networks, Fortinet, Arista, Aruba, Check Point, Palo Alto Networks, F5). Its software integrates with all industry leading security solutions (McAfee, Symantec, Qualys, HP ArcSight, Rapid7, Splunk,Tripwire, MaxPatrol, nMap) as well as with major workflow vendors (ServiceNow, Remedy), providing the most comprehensive validation of network security.RedSeal is backed by prominent venture investors including Venrock, Leapfrog Ventures, Sutter Hill Ventures, JAFCO Ventures, Olympic Venture Partners and In-Q-Tel. | $12M | Series C | Oct 01, 2009 |  |
| EnerG2 | EnerG2 engineers advanced nano-structured carbon materials for energy storage and is focused on the production of these materials for energy storage devices. Proprietary manufacturing technologies allow its products to surpass the material limitations of naturally occurring carbons, producing high surface area, high performance materials thatimprove power density and cycle life in batteries and other energy storage devices. EnerG2 is currently delivering its advanced carbons to customers for ultracapacitors, lead acid batteries, and lithium ion batteries. | $8.5M | Series A | Nov 04, 2008 |  |
| Avenda Systems | Avenda Systems introduced the industry's first multi-function platform for network access control (NAC) and security that breaks through past deployment barriers found in early competitive solutions complexity, compatibility, compliance and cost.Avenda's flagship eTIPS solution is a scalable AAA platform that utilizes identity-basedpolicies to manage access control, endpoint health and device authorization for wired, wireless and VPN networks.Users are granted differentiated privileges to control which network resources and applications they can access. Employee's roles, location, and the health of their computer can be used as determining factors. Visitors can be granted Internet only access if required.Partnerships with Cisco, Microsoft and top wireless vendors ensure that Avenda's solution fits into any network environment. | $5M | Series B | Mar 15, 2008 |  |

5 of 5 investments shown.

## Co-investors
- [Sutter Hill Ventures](https://shizune.co/investors/profile/sutter-hill-ventures) — VC Fund, 2 deals together
- [Venrock](https://shizune.co/investors/profile/venrock) — VC Fund, 2 deals together
- [Firelake Capital Management](https://shizune.co/investors/profile/firelake-capital-management) — VC Fund, 1 deal together
- [Icon Ventures](https://shizune.co/investors/profile/iconventures) — VC Fund, 1 deal together
- [Leapfrog Ventures](https://shizune.co/investors/profile/leapfrog-ventures) — VC Fund, 1 deal together

## About OVP Venture Partners

VC Fund · Seattle, United States

OVP Venture Partners is a venture capital firm specializing in early-stage technology-based companies.

5 contacts available at OVP Venture Partners.

| Name | Title | Profile |
| --- | --- | --- |
| Gordon Steele | Board Member | https://shizune.co/investors/profile/gordon-steele-2 |
| Bill Funcannon | Controller, Managing Director & CFO | https://shizune.co/investors/profile/bill-funcannon-2 |
| Chad Waite | Managing Director | https://shizune.co/investors/profile/chad-waite-2 |
| Dick Strayer | Founder & CEO | https://shizune.co/investors/profile/dick-strayer-68c9 |
| Gerry Langeler | Managing Director | https://shizune.co/investors/profile/gerry-langeler |

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## FAQ

### What does Bill Funcannon invest in?

Bill Funcannon invests primarily in Security, Energy and Mobile startups, most often at Funding Round and Series A stage. Most of the 5 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Bill Funcannon last invest?

The most recent investment recorded for Bill Funcannon closed in Jan 2013. Shizune tracks 5 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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