A Cincinnati-based biopharma company quietly founded by two former CinCor Pharma executives has publicly debuted its first portfolio company amid an eight-figure fundraise, and the team is looking to grow its footprint in the region and beyond.
Cleveland-based Splash Financial has secured more than $70 million in Series C funding, a round that highlights both the company’s rapid growth and the increasing role of Ohio-based capital in scaling local startups.
The O.H.I.O. Fund on Monday announced that it has closed the $106 million Ohio Institutional Impact Investment Fund, one of several funds making up the overall firm.
"We’re doing what we said we’ll do,” said Mark Kvamme, CEO and Chief Investment Officer of The O.H.I.O. Fund. “Invest across the state, build a great team, and deliver results. Promises made, promises kept.”
The multi-asset Ohio High Growth Investment Opportunities Fund (O.H.I.O. Fund) continues to gain momentum, marking a final close on one of its two core investment funds while also eyeing a deal flow comparable to what it achieved in its first year of activity.
Heylo is the tech startup that will be based in Greater Cincinnati, though its staff is currently working remotely. It has created a platform that provides remote support for caregiving agencies to help people in their homes.
Terry Coyne has a big vision for 671 acres of land near Rickenbacker International Airport and the site of Anduril's planned mega manufacturing complex.
The new fund is anchored by a lead investment from The O.H.I.O. Fund, a private investment firm focused on scaling Ohio-based innovation.
In Ohio, a group of leaders and investors has created and capitalized The O.H.I.O. Fund, focused on Ohio’s High-Growth Investment Opportunities.
Just nine months after its creation, a small company outside of Cleveland is primed to be a big player in the future of electronics, churning out what it boasts are the first 4G modules ever made in the United States.