5) Growth fund with Cincinnati leaders makes first company investment in cutting-edge tech
An Ohio growth fund has made its first investment in a company, and it’s a high-tech firm with enormous potential. The Ohio High-Growth Investment Opportunities (O.H.I.O.) Fund, which is helmed by two prominent Cincinnatians, has led a $14 million investment in a company it created to bring cutting-edge production of high-tech semiconductor chip modules to Northeast Ohio. The fund is creating Eagle Electronics to license the technology and equipment of a company in China that makes modules that house numerous semiconductor chips. Money quote from Mark Kvamme, O.H.I.O. Fund’s founding managing director: “Our goal is to build a multi-hundred-million, if not billion-dollar, semiconductor module company.”
This article first appeared in Cincinnati Business Courier on December 4, 2024