Central Ohio corporations put $20 million into venture capital fund
Rev1 Ventures, a Columbus venture capital fund, has received a $20 million infusion from some of central Ohio’s largest companies.
The money will be used to create Rev1 Fund II, to provide startup companies with capital and strategic advice.
Rev1 Ventures’ first fund helped successful Columbus startups including Updox, MentorcliQ, and Aware.
“In light of the many challenges this past year has put forth, it’s never been more important for startups to have the funding and support they need to thrive,” Tom Walker, CEO of Rev1 Ventures, said in a news release.
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Story excerpt provided by the Columbus Dispatch.
Written by Jim Weiker.
Originally published June 9, 2021.
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