A Midwest venture capital firm with heavy Cincinnati ties is raising a new $75 million fund, according to a Securities and Exchange Commission filing, its fourth since its launch in 2009.
If successful, the fund from Indianapolis-based Allos Ventures, which maintains offices in Cincinnati and Chicago, would top its current fund by $23 million. Allos closed a $52 million Fund III in 2020, which it used to invest in high-growth, early stage tech companies in the Midwest, namely Ohio, Indiana and Pennsylvania.
Allos co-founder John McIlwraith, who leads the Cincinnati office, declined to comment on the filing; federal regulations restrict publicity when companies are fundraising. But he said the firm’s Fund III is essentially completed invested.
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Story excerpt provided by Cincy Inno.
Written by Liz Engel.
Originally published December 20, 2021.