Folio Photonics leads Northeast Ohio startup fundraising in Q2 with $8M raise
Folio Photonics Inc. led fundraising by Northeast Ohio startups in the second quarter, according to the latest Venture Monitor.
Folio Photonics Inc. led fundraising by Northeast Ohio startups in the second quarter, according to the latest Venture Monitor.
Columbus, the state capital known as the headquarters for insurance companies and retail brands like Victoria’s Secret, has been transformed. The metropolitan area has become a critical hub for advanced manufacturing and artificial intelligence.
The evergreen platform added 18 new institutional and private investors in Q1, expanding its total backer base to 155 across the state. Total active deployment reached $217M across 33 multi-asset investments, including a $25M manufacturing expansion.
The private investment fund focused on growing Ohio's economy raised $290 million in the first quarter and made five investments across the state – including a Dublin telehealth company.
Eagle Wireless has completed a $30 million Series B fundraise that will help fuel R&D and broader efforts to scale and expand device production amid a pivotal time for the young company.
New U.S. rules will soon ban Chinese software in vehicle systems that connect to the cloud, part of an effort to prevent cameras, microphones and GPS tracking in cars from being exploited by foreign adversaries.
The private investment fund focused on growing Ohio-based employers hasalready returned more than $75 million to investors from $196 million worth ofdeployments in less than two years.
The O.H.I.O. Fund has hit a $356M capital milestone, generating $75M in returns while bringing Hyperframe’s manufacturing from California to Columbus. With new leadership and 30 deals closed, the firm is proving that Ohio’s "balanced" investment model is the new engine for Midwest growth.
In just three years, Endera has grown production 15x from its Ottawa, Ohio plant. By blending a profitable legacy business with EV innovation and 65% Ohio-sourced parts, this specialty bus maker is revitalizing the Heartland while scaling a 215% growth rate with The O.H.I.O. Fund.
The Connected Vehicles Rule just got a Solon-based answer. By acquiring Wireless Mobility, Eagle Electronics morphs into the only Western vendor ready to de-risk global automotive and IoT supply chains. With ex-CIA leadership and backing from The O.H.I.O. Fund, this is a massive bet on trusted tech.