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Rev1 Ventures Launches $22 Million Seed Fund to Fuel High-Growth Startups

Posted: August 30, 2016

Columbus, OH—August 30, 2016—Today, Rev1Ventures, a top VC investor in the Great Lakes Region, announced the launch of Rev1 Fund I, the company’s most significant fund to-date and the largest seed-stage fund in Columbus history. A first-of-its-kind for the region, the corporate-backed fund is supported by Nationwide, The Ohio State University, Cardinal Health and other top Columbus companies and organizations including the Ohio Third Frontier.

“Rev1 Fund I showcases the power of community support in building great companies,” said Tom Walker, CEO of Rev1 Ventures. “We’ve attracted corporate and institutional investors from our own backyard who recognize the importance of fostering new business growth and are putting up the money to make it happen. Thanks to their groundbreaking support, Rev1 can provide more early-stage startups what they truly need—more significant initial and follow-on investment rounds as well as continued support through strategic services.”

Rev1 Ventures also made a significant investment in the fund, leveraging returns from prior successful investments in Columbus start-ups. The Rev1 management team also invested in the fund.

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Category : Entrepreneurship