Columbus venture fund to invest $50 million in Cleveland

Columbus skyline

NCT Ventures, a fast-growing Columbus-based venture fund, plans to spend half of a new $100 million fund in the Cleveland area, the Cleveland Foundation’s chief financial officer said on Tuesday.

The fund focuses on Midwest-based companies. NCT invested in 32 technology companies in less than two years, with 19 of those in 2017-18, according to the Columbus Business Journal. About 90 percent of investments are in Ohio.

Click here to read the complete article.

Story excerpt provided by The Plain Dealer.

Written by Emily Bamforth.

Originally published March 5, 2019.

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