Columbus venture fund to invest $50 million in Cleveland

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.

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Story excerpt provided by The Plain Dealer.

Written by Emily Bamforth.

Originally published March 5, 2019.