Venture firm with Cincinnati connection raises $40M fund

A venture capital firm heavily involved in Cincinnati raised a $40 million fund to invest in startups throughout the Midwest.

Allos Ventures announced Tuesday that it closed its third fund with the initial amount raised at nearly $40 million.

Allos’ sweet spot is in business-to-business software and tech-enabled companies in the Midwest that need Series A or B financing.

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Story excerpt provided by Cincinnati Business Courier.

Written by Andy Brownfield.

Originally published January 8, 2019.