DigitalC forms fund for civic-minded startups
Story excerpt provided by Crain’s Cleveland Business.
Written by Chuck Soder.
DigitalC has formed a $600,000 venture capital fund to invest in startups that align with its mission of using technology to solve community problems.
Formerly known as OneCommunity, DigitalC plans to invest between $30,000 to $50,000 per company through the new fund. Its goal is to invest in four to six companies per year for three years.
What type of companies? The definition is pretty broad, but the DigitalC Fund for the most part will fund government-focused tech companies and startups in the Big Data and Internet of Things sectors.
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Originally published October 23, 2016.
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