Blue Chip launches new venture capital fund

Story excerpt provided by Cincinnati Business Courier.

Written by Steve Watkins.

Blue Chip Venture Co. has raised a $20 million fund to make follow-on investments to fuel growth at companies in which it has already invested.

Blue Chip Managing Director Jack Wyant calls the fund “the only two-year venture capital fund in existence.” Most venture capital funds have a 10-year time horizon. Blue Chip launched its last two funds – the fifth and sixth in its 26-year history – with five-year plans to return all capital to investors. Blue Chip has invested about $1 billion since 1990.

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Originally published June 28, 2016.

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