Midwestern VC raising massive fund – here’s why it’s important to Cincinnati

Story excerpt provided by Cincinnati Business Courier. Written by Andy Brownfield.

An Indianapolis venture capital firm with an office in Cincinnati named a third managing director and is raising a multimillion-dollar fund. While that may sound distant from the Queen City, it could be a boon for local startups.

Allos Ventures on June 5 named David Kerr as its third managing director. He joins Cincinnati-based John McIlwraith and Don Aquilano as Allos managing directors. The company also filed on June 5 with the Securities and Exchange Commission that it’s raising a new fund of between $50 million and $100 million.

Kerr was most recently CEO of Octiv, an Allos portfolio company that was acquired by Broomfield, Colo.-based Conga earlier this year for an undisclosed sum.

McIlwraith told me it was important to find someone for the role with deep experience in operations and an understanding of venture capital who also has Midwestern values.

Click here to read the complete article. Originally published June 6, 2018.

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