Story excerpt provided by Cincinnati Business Courier.
Written by Steve Watkins.
Cincinnati seed capital investor CincyTech has reached a landmark milestone a decade after making its first investment.
Over-the-Rhine-based CincyTech has topped $1 billion in total impact from its investments in local startups. It’s the first time CincyTech has reached that level.
That impact, which will be announced Wednesday at CincyTech’s annual Big Breakfast + Startup Showcase, breaks down this way since it made its first investment in 2007:
- $596.2 million in co-investments and follow-on investments
- $358 million in revenues generated by its portfolio companies
- $100 million in investment returns for its local investors.
- The $1.05 billion in impact is a result of the $46.3 million CincyTech has invested in startups, an amount that’s not included in the totals.
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Originally published November 8, 2017.