JobsOhio Creates Growth Fund for Early Stage Companies

JobsOhio‚Äôs new Growth Capital program will provide qualifying early stage companies with financial support to validate, quickly scale and launch businesses with high growth potential. Ohio venture-backed companies who are Seed+, A or B stage and have already raised $3 to $5 million in professional financing are eligible for the program. Growth Capital will match capital from traditional venture capital sources, including venture firms, institutional investors and strategic investors in a venture-led and sponsored syndicate. 

The program is targeting venture-backed companies working with innovative businesses that have strong market positions, high potential and are sponsored by their lead investor. Interested entrepreneurs can reach out to OneColumbus regarding eligibility and submissions. Companies need to be sponsored and recommended by a qualified venture sponsor and willing to commit at least a 1:1 match to JobsOhio investment.