JobsOhio Growth Capital Fund
JobsOhio Growth Capital Fund is the preferred strategic partner for early-state innovators in healthcare and enterprise tech.
As an evergreen co-investment venture fund, we provide frictionless capital to growing companies, as well as unparalleled access to the Ohio tech ecosystem, to create and accelerate scale.
Founder-Focused Early-Stage Capital
Interested in Investment?
Complete the pre-qualification questionnaire and our team will contact you. Be prepared to upload non-confidential investor pitch deck and/or executive summary and capitalization history and plan.
Standard Bariatrics Accelerating Growth of MedTech in Ohio After $300 Million Acquisition
The company moved from startup to acquisition in eight years with the help of venture capital, including an investment from the JobsOhio Growth Capital Fund. The fund helps high-growth early stage companies that will become Ohio’s next generation of great employers and intellectual property creators.
Cleveland Diagnostics Raises $75M Financing led by Novo Holdings
Cleveland Diagnostics, Inc., a clinical-stage biotechnology company developing next-generation diagnostic tests for the early detection of cancers announced the closing of over $75M in growth capital financing. The financing was led by Novo Holdings, a leading global life sciences investor, responsible for managing the assets of the Novo Nordisk Foundation, along with participation from existing investors.
Growth Capital Program Details
Financing Instrument
- The JobsOhio Growth Capital Program can participate via convertible debt and direct equity on terms that are materially the same as those of the lead investor.
- JobsOhio Growth Capital Program investment amount is generally 1:1 aligned with the lead investor’s commitment and, as a side-car investment, can take up to 20% of the current investment round; JOGC will not own more than 20% of any individual investment.
Ideal Candidate
- Ohio-based company or out-of-state candidate agreeing to locate a meaningful base of operations in Ohio as a condition of the JOGC investment
- Aligned with JobsOhio target sectors
- Raising a Series A round or later
- Demonstrating significant growth (revenue and employment)
Investment Criteria
- Candidate must have already received significant past financing.
- Candidate must have secured a term sheet from a lead investor for the round JobsOhio Growth Capital Program is invited to participate in. The qualified lead investor must be willing to accompany the candidate company for JobsOhio Growth Capital investment consideration.
- A qualified lead investor is an investment firm or institution, located in or outside of Ohio, that makes direct investments professionally and has a formal, rigorous due-diligence processes. Additionally, a qualified lead investor should have a track record of successful exits.