Venture capital helps make Ohio among top startup economies in US

Story excerpt provided by The Columbus Dispatch.

Written by Tim Feran.

Ohio has quickly become one of the fastest-growing startup economies in the country, according to a new report on venture-capital funding in the state.

Investors put $470 million to work with 210 new and developing companies in Ohio last year, according to the Ohio Venture Report 2016. That’s a 26 percent increase in venture-capital investment from 2015 and a 46 percent increase from 2014.

“The future is very bright,” said venture capitalist Mark Kvamme, the founder of Drive Capital and chairman of the report’s producer, VentureOhio, a Columbus-based trade association for venture investors, incubators, accelerators, universities and other organizations.

Click here to read the complete article.

Originally published June 11, 2017.

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