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.

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