Ohio VC investments steady as startup funding falls across U.S.

Columbus-based Branch Insurance’s $147 million funding round at a unicorn valuation was the biggest in the state for the second quarter, while venture investing nationwide has slowed from the dizzying pace of 2021.

Ohio tech companies raised a collective $400 million in the second quarter, according to data from PitchBook and Columbus Business First, a Courier sister paper. But a faster first quarter has the state almost equal to the first six months of record-breaking 2021, about $1.4 billion through June.

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Story excerpt provided by Cincy Inno.

Written by Jim Dallke and Carrie Ghose.

Originally published July 26, 2022.