The venture capital industry is a growing field filled with opportunities and possibilities. Venture capitalists are able to fund businesses in the early stages of development, enabling them to help entrepreneurs achieve their goals of starting successful businesses. Ohio has been ranked as one of the top states for venture capital funding per capita and it’s no wonder why: there are plenty of venture capital firms based here! We’ve put together this list of top VC firms active in Ohio so you can get an idea of where to look when researching investment opportunities.
1. Cincytech
CincyTech is a nonprofit organization focused on building a vibrant entrepreneurial ecosystem in Cincinnati. Our mission is to facilitate the growth of start-ups and early-stage companies through education and mentorship, access to capital, community recognition and advocacy.
We believe that by enriching our community with an entrepreneurial culture, we can create jobs, grow businesses and increase our region’s competitiveness as a technology hub.
2. Ubiz venture capital capital
Ubiz Capital Venture is a venture capital firm based in Cincinnati, Ohio. The company was founded in 2003 and is based in Cincinnati, Ohio. The company invests in early-stage companies in the Midwest.
The company has raised two funds and currently has approximately million in capital under management. The company is based in Cincinnati, Ohio and invests in the Midwest region.
3. United Bancorp
United Bancorp is an American bank holding company headquartered in Cincinnati, Ohio. It operates through two primary subsidiaries: United Bank, NA, and United Trust Bank, NA
The company was formed in 1998 by the merger of CIBH and Akron Bancorp Incorporated (NYSE MKT: ABCK). The assets of both were placed in a new bank subsidiary called United Bancorp of Ohio Incorporated (The New Corporation). In 1999, the company acquired First Commerce Corp., a provider of trade finance products to small and medium businesses in Ohio and Kentucky. The following year, it acquired National City’s retail banking operations serving customers in Ohio as well as Indiana and Michigan through its acquisition of Ing Direct USA Retail Banking Holdings Incorporated (formerly ING Direct USA). In 2002, it acquired First Federal Savings Bank which had been established by members and employees of Goodyear Tire & Rubber Company in 1955; This acquisition added 12 additional branches in central Ohio, including locations in Xenia, Springfield Township (Dayton), Troy Township (Dayton), Stonelick Township (Cincinnati) Montgomery County Courthouse Square Dayton Office Tower Downtown Cincinnati County County County Courthouse Dayton Office Tower Downtown Cincinnati County County County Courthouse Square Dayton Tower Downtown Cincinnati County County County Courthouse Square Office Office Downtown Cincinnati County County County Tower Office Dayton Tower Downtown Cincinnati.
4. Liability capital
RC Capital is a venture capital firm that invests in early-stage companies. RC Capital has offices in Cincinnati and Columbus, Ohio. RC Capital is a subsidiary of Royal Bank of Canada.
RC Capital invests in all stages of the venture capital lifecycle, including seed, early stage and expansion stage funding. RC Capital has invested in over 200 companies since its inception in 2013 and currently manages approximately 0 million in assets under management.
5. Heart Ventures
Heartland Ventures, founded in 1991, is a venture capital firm that invests in early-stage startups. The company has invested in over 80 companies and raised over billion since its founding.
Heartland Ventures focuses on investing in Ohio-based startups, but they also invest nationally and internationally. Their goal is to help early-stage businesses grow into successful businesses by providing access to important resources such as mentorship and growth funding capital.
6. Converge businesses
Converge Ventures is a venture capital firm based in Cincinnati, Ohio. Founded in 2000 by Bill Cook and Stuart Miller, Converge Ventures has raised over 0 million since its founding. The company has invested in over 250 companies, including SendGrid, Curalate and Zocdoc.
Converge Ventures’ portfolio has grown to over 250 companies and the company has raised over 0 million since its founding. The company invests in seed and early-stage technology companies, including those that are data-driven, customer-centric, software-based and have a global opportunity. Converge Ventures has offices in Cincinnati, Ohio; San Francisco, California; and New York City.
7. Refinery Ventures
Rafinery Ventures is a venture capital firm that invests in early-stage software companies. The company was founded in 2004 and has offices in Cleveland, Ohio and San Francisco, California.
Refinery companies invest at all stages of the venture capital lifecycle. It focuses on seed stage through growth stage investments with particular emphasis on mobile technologies, cloud computing and big data. His portfolio includes companies like:
- Aptus, a provider of cloud-based sales execution software for mid-market companies
- Flexe, a mobile technology company that helps retailers and brands build custom apps for their customers
8. Capital of Victory
Victory Capital is a venture capital firm focused on the Midwest. The company has invested in over 300 companies, with over 25 of Ohio-based companies. Victory Capital has also invested in over 20 Cincinnati companies and continues to do so today.
The firm was founded by James Hietbrink and Jim Moran in 1986 as an equity fund specializing in the life sciences and technology industries. In 2002, it launched its first dedicated venture capital fund with 0 million under management, which was later increased to 0 million when Victory Capital launched its second dedicated venture capital fund about five years later. .
9. Drive Capital
Drive Capital is a venture capital firm founded in 2010 by long-time investors and entrepreneurs. They are based in Columbus and have invested over 0 million in Ohio companies, including some of the biggest names in the tech industry: Illumio, CoverMymeds, Infinum, and Cardinal Health.
When it comes to investing, Drive Capital focuses on early-stage companies across all industries with an emphasis on emerging technologies. They look for companies with a promising business model and a proven management team that is looking to take their business to the next level.
10.RPM International
RPM International is a manufacturer of specialty materials, chemicals and coatings. The company was founded in 1968 by Frank D’Amico, Ralph Powell and William Stirtz. It has since grown to employ over 9,000 people worldwide with annual revenues of .6 billion.
In addition to its headquarters in Lake Forest, Illinois RPM also operates a manufacturing facility in Cincinnati Ohio called RPM Adhesives Manufacturing Company LLC (RPM Adhesives). This facility produces adhesives used in aerospace applications, including parts for the Boeing 737 as well as military helicopters such as the V-22 Osprey Tiltrotor aircraft which is manufactured by Bell Helicopter Textron Inc., another major employer based in Texas, but also has operations in Fort Worth Texas
11. North Coast Ventures
North Coast Ventures is a venture capital firm based in Cleveland, Ohio. The company was founded in 2000 and has invested in over 175 companies. North Coast Ventures has raised over billion in capital for its investors.
North Coast Ventures is a subsidiary of North Coast Bancorp, the parent company of several banks located in Ohio, New York, Pennsylvania and California.
12. Procter & Gamble Ventures Studio
Procter & Gamble Ventures Studio (PGV) is a division of Procter & Gamble that helps startups and entrepreneurs build their businesses. They provide mentorship, funding and access to the P&G customer network. Since 2017, they have invested in over 100 startups.
In order to be considered for this fund, you must currently be operating as an early-stage business with less than 10 employees or million in revenue per year. You must also work in one of the categories listed below:
- Product innovation
- consumer health technology
- Digital Marketing Technology
- Big Data Analytics
13. First Federal Bank in the Midwest
The Midwest’s premier federal bank is a .5 billion financial institution with more than 100 branches in Ohio and Kentucky. The bank has been in business for over 150 years and was founded in 1869. First Federal offers traditional banking services such as checking accounts, savings accounts, loans and more. In addition to its traditional offerings, First Federal also provides online banking services through its website or mobile app (available on iOS or Android).
First Federal’s online banking service is a great option for anyone looking to manage their finances from anywhere. The bank offers its customers many features, including:
14. The National Park Bank
Park National Bank is a commercial bank headquartered in Cincinnati, Ohio. Park National Bank operates 79 branches in Ohio and Kentucky.
Park National Bank offers a range of personal and corporate banking products and services.
Park National Bank offers a range of personal and corporate banking products and services. The bank provides deposit accounts, loans, commercial real estate loans, investment management services and more.
Conclusion
Veritas Capital is a top Ohio-based venture capital firm that has made investments in over 300 companies. These companies have created over 1,500 jobs and successfully raised follow-on funding rounds.