Rev1 Ventures portfolio startups total $1.4B economic impact in Central Ohio

Story excerpt provided by Columbus Business First. Written by Carrie Ghose.

Rev1 Ventures invested in a record number of startups in 2017 and its portfolio companies brought a combined $201 million revenue and new capital to Central Ohio – bringing cumulative economic impact since 2013 to $1.4 billion.

Those companies will have to triple the flow of dollars in 2018 – maybe post a spectacular acquisition – if Rev1 is going to hit its goal of a $2 billion impact by year’s end.

With $90 million under management, the Columbus venture capital firm investing in early-stage technology companies is a nonprofit that also mentors entrepreneurs, rents them office space and hooks them up with discounted business services. Services to startups account for 70 percent of its operating budget.

Click here to read the complete article. Originally published April 25, 2018.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: