CincyTech wraps up raising $20 million seed capital fund

Damon Ragusa, CEO of and Robert Beech, executive chairman and co-founder of Eccrine Systems

Cincinnati startup capital company CincyTech has finished raising its fifth fund, giving it nearly $20 million in new money to invest.

Avondale-based CincyTech, based in the University of Cincinnati’s 1819 Innovation Hub in Avondale, raised $19.7 million for its fifth investment fund. It wrapped up fundraising at the end of April.

CincyTech will use the money to invest in seed-stage startups, as it has done for the past 15 years.

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Story excerpt provided by Cincy Inno.

Written by Steve Watkins.

Originally published May 19, 2021.

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