Heartland Ventures raises $52M second fund to draw coastal tech to Midwest industry

Heartland Ventures has raised a $52 million second fund from leaders of legacy industries turning to the firm’s portfolio for productivity-boosting technology.

That’s three times larger than the $15 million first fund that launched in 2017 and has seen two portfolio companies acquired. The Columbus venture firm now has $142 million under management, including sidecar investments dedicated to specific portfolio companies.

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Story excerpt provided by Columbus Inno.

Written by Carrie Ghose.

Originally published November 15, 2022.