Top 10 VC Funds in Ohio

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Ohio is home to some of the most innovative and successful venture capital firms in the United States. In this blog, we will give short overviews of the top 10 VC firms in Ohio that have made a significant impact on the state’s economy. We have gone through a lot of big lists and sorted these 10 based on various aspects. Here’s the list:

1. LOUD Capital


LOUD Capital is an alternative investment firm. It specializes in early-stage venture capital, private growth equity, and wealth management. Focused on addressing global challenges, particularly in human health, they go beyond financial support. Serving as hands-on partners, they navigate daily obstacles in company development. Offering tailored financing solutions and tapping into a vast network, they leverage collective operator experience for robust growth. Data-driven, results-oriented, and people-centered, LOUD Capital strives to deliver exceptional value to both the global community and investors.


Founding Year: 2015

Investment Range: $1M - $5M

Stage: Early

Sector: Various

Investment Geography: Ohio

Notable Investments: Seamless.AI, Gemelli Biotech, Genetesis

Submit Pitch/ Contact: Link

2. Drive Capital


Founded in 2013, Drive, a Columbus-based venture capital firm, emerged from Silicon Valley's shadow, initially met with skepticism. Fast forward to today, the firm has successfully raised over $2 billion to support startups addressing crucial challenges in expansive markets. With investments in 80+ companies beyond Silicon Valley, including Duolingo, Path Robotics, and ApplyBoard, Drive stands as a key player nurturing the next wave of market-defining enterprises.


Founding Year: 2013

Investment Range: Undisclosed 

Stage: Seed, Early, Later

Sector: Financial Services, Healthcare, Information Technology, Life Sciences, Mobile, Cybersecurity, Robotics, Artificial Intelligence

Investment Geography: North America

Notable Investments: Duolingo, Root Insurance, and Comply365

Submit Pitch/ Contact:

3. Heartland Ventures


Heartland Ventures is a venture capital firm that connects innovative startups with Midwestern industries such as manufacturing and logistics. They facilitate early adoption and investment by connecting startups with corporate partners. Heartland Ventures’ unique approach includes leveraging industry leaders as pilot customers, paving the way for successful partnerships. By bridging tech hubs and the Midwest, Heartland Ventures boosts the region’s economy. Ultimately, Heartland Ventures serves as a catalyst for regional innovation, drawing attention and creating a vibrant ecosystem for startups in the heart of the Midwest.


Founding Year: 2016

Investment Range: $500K - $2M

Stage: Seed, Series A

Sector: Startups with B2B strategies serving real estate, construction, manufacturing, and logistics

Investment Geography: United States

Notable Investments: Third Wave Automation, Parkade, ProjectMark12, Mimir, SpidrTech7

Submit Pitch/ Contact: Link

4. Bessemer Venture Partners


Bessemer Venture Partners is a big investment firm with $20 billion fund. They help business people make successful companies in different areas like business, customers, and health. They have a history of over 135 companies going public, and they support companies from the beginning to late. Some of the big companies they work with are Pinterest, Shopify, and LinkedIn.


Founding Year: 1911

Investment Range: $100M - $100 million+

Stage: Early - Late

Sector: Across various sectors, with a focus on technology and healthcare

Investment Geography: Global, with a strong presence in the United States, Europe, and Asia

Notable Investments: Blue Apron, LinkedIn, Skype, Spotify, and Shopify

Submit Pitch/ Contact:

5. Ikove Capital


Ikove is a venture firm based in Columbus that specializes in early-stage tech investments in the Midwest. They identify and support impactful technologies through their Startup Nursery and partnerships with U.S. research institutions, bridging the gap between R&D and VC funding. Ikove focuses on early-stage opportunities, fostering alignment among stakeholders for flexible business development. They engage with entrepreneurs to drive genuine growth with a hands-on approach. Ikove extends its influence globally with partners and advisors worldwide, and is headquartered at the Electro Science Lab.


Founding Year: 2014

Investment Range: Undisclosed (Invested $150M+)

Stage: Early

Sector: Robotics, IoT, AI, Medical devices, FinTech, FoodTech

Investment Geography: Midwest, United States, Brazil

Notable Investments: Coders4Future, RenovoDerm, AssetWatch, DiretoTech

Submit Pitch/ Contact: Link

6. Index Ventures


Index Ventures is a global venture capital firm. It is known for its collaboration with visionary entrepreneurs. It assists them in the growth and scaling of their businesses. The firm's primary focus lies in startups. It supports them from the initial stages to IPO and beyond. It results in long lasting partnerships. With an international presence, Index Ventures backs innovators across the globe. 

presence, Index Ventures backs innovators across the globe. 


Founding Year: 1996

Investment Range: $500k - $100M

Stage: Early - Late

Sector: Technology, FinTech

Investment Geography: Global

Notable Investments: Notion, Discord, Patreon, Wise, Trustpilot

Submit Pitch/ Contact: Link

7. Primus Capital


Founded in 1984, Primus is a private equity firm with an $800 million fund, operating from offices in Atlanta and Cleveland. Specializing in healthcare, software, and tech services, they've invested in 130+ companies. Their strategy focuses on flexible investments in growth-oriented firms within healthcare IT, services, financial and marketing technology, education technology, and human capital management. By collaborating with outstanding management teams, Primus accelerates growth, creating significant shareholder value through industry knowledge and financial expertise.


Founding Year: 1984

Investment Range: $20M - $100M

Stage: Private Equity

Sector: Healthcare, Software, Technology

Investment Geography: Ohio

Notable Investments: Prendio, Ordergroove, Purple Lab, CORL Technologies, Ambition

Submit Pitch/ Contact: Link

8. River Cities Capital


RC Capital is a growth equity firm. It specializes in advancing promising healthcare companies within medical devices, healthcare services, and healthcare IT. Focused on enhancing patient care and outcomes, they prioritize strategic partnerships over mere capital provision. With over $1 billion raised and a 30-year history, RC Capital is a trusted source of growth capital, leveraging extensive expertise and a network of healthcare leaders.


Founding Year: 1994

Investment Range: $5M - $25M

Stage: Growth-stage and later-stage

Sector: Healthcare and IT

Investment Geography: United States

Notable Investments: SPR Therapeutics, OnCall Solutions, Mindpath Health, Bolder Surgical, BardyDx

Submit Pitch/ Contact: Link

9. CincyTech


CincyTech is a venture capital firm that invests in innovative leaders who are passionate about addressing global challenges. They have a strong commitment to tackling complex problems and driving innovation by leveraging their deep knowledge and determination. Their goal is to bring about positive and impactful solutions that contribute to meaningful change on a global scale


Founding Year: 2006

Investment Range: Undisclosed ($100M+ Fund Size)

Stage: Early

Sector: Healthcare, SaaS, Big Data, B2B Payments, Infrastructure, Life Sciences, Artificial Intelligence, Machine Learning, Cybersecurity, E-commerce, Industrials, Impact Investing

Investment Geography: Mid West, Ohio

Notable Investments: Amify, Tembo, IncludeHealth, Genetesis, XII Medical, TeamCentral, Enable Injections

Submit Pitch/ Contact: Link

10. Converge Ventures


Converge Ventures is a VC firm that helps new businesses grow and succeed. They have a unique approach to tackling common startup challenges, which has been proven to work time and again. They work with public and private partners to develop and market cutting-edge products. Converge Ventures provides a supportive environment for startups to flourish, which helps maximize returns on investment.


Founding Year: 2020

Investment Range: $5M - $10M

Stage: Seed, Early, Later

Sector: Business Services, Information Technology, SaaS, Big Data, Blockchain, Artificial Intelligence, Machine Learning, and Technology-based sectors

Investment Geography: Ohio, United States

Notable Investments: Lighthouse Avionics, UbiHere, Matsaki Technologies 

Submit Pitch/ Contact: Link

FAQ (Frequently Asked Questions)

Q: Is Shark Tank a VC firm?

A: No, SharkTank is similar to Angel Investing, where rich individuals invest small amounts of money from their own savings into new businesses.

Venture Capital is different. It's when a group of professional investors, called Venture Capitalists, gather money from big investors and wealthy individuals (known as Limited Partners). Then, they invest larger sums into more established startups.

Q: What is the largest VC fund in the US?

A: The largest VC firm in the United States is Andreessen Horowitz (a16z), with assets under management totaling $35 billion. They're in California and started in 2009. They put money into different kinds of companies, like tech and healthcare. Some famous companies they've invested in are Facebook and Airbnb. 

Q: Do VC firms pay well?

A: Venture capital usually pays better than corporate development but not as much as private equity and hedge funds. At big VC firms, associates without an MBA can make $150K to $200K, while those with an MBA might rake in $200K to $250K. You might also ask, 'Do startups pay well?' Here's your answer.

Q: How many VC firms fail?

A: According to experts at The National Venture Capital Association, they believe that around 25% to 30% of startups supported by VC funding end up failing.

Best of luck with your amazing ventures. 

Please note that this list is filtered by various metrics, and all the data are collected through various third-party websites, mostly the VC website. Since data such as ticket size or industry may change, you are requested to visit the official website given in the blog for the latest and updated information.

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