Online B2B steel marketplace & supply chain platform Felux raises $19M Series A to digitize outdated industrial commerce
Felux, the fastest growing online B2B marketplace and supply chain platform for steel and other metals, today announced it has raised a $19 million Series A to digitize commerce for the industrial supply chain. The round was led by EquipmentShare and joined by Signia Venture Partners, Suffolk Construction, Expa, Lightbank, 8VC, and JumpStart Ventures among
Startups and Small Businesses Generated More Than $1.2B in Economic Output and Nearly 11,000 jobs Across Northern Ohio in 2021
Report Shows Economic Impact of Companies Supported by JumpStart and Partner Organizations JumpStart has released its yearly economic impact report, tracking the outcomes of the startups and small businesses assisted by the organization and its partners. The report, prepared by Silverlode Consulting, shows these startups and small businesses generated more than $1.2 billion in economic
JumpStart Ventures Introduced to Elevate Regional Venture Capital Activity
Organization Aims to Deploy $70M+ into Early-stage Technology Startups by 2025 JumpStart Inc. is announcing a new division focused on the organization’s venture capital investment activity. JumpStart Ventures provides Pre-seed, Seed, and Series A funding to early-stage technology startups throughout Ohio. JumpStart Ventures has $140M under management across four funds — Evergreen, NEXT, Focus, and
orthobrain® Receives $9 Million in Latest Fundraising Round
Investors back the company as it accelerates growth and continues technological advancements to improve orthodontic education and care globally. orthobrain®, an Ohio-based, orthodontic growth system that helps dentists and dental service organizations integrate orthodontics into their practices, today announced that it has completed a $9 million in Series A funding with a group of investors,
KeyBank and JumpStart Announce $5M Commitment to Advance Entrepreneurship and Inclusive Economic Growth in Northeast Ohio
With funding from KeyBank Foundation, JumpStart will provide technical services and capital to Cleveland-area Black, Latino/Hispanic and women-owned small business owners and tech entrepreneurs KeyBank and JumpStart will continue to accelerate the growth of local entrepreneurship through a $5 million, 5-year grant, awarded by the KeyBank Foundation. Leveraging established programming developed under a previous four-year
JumpStart and Verizon Announce Learning Centers to Provide Skill-based STEM Education to Cleveland Residents
The centers, scheduled to open in early 2022, will provide technology access and digital literacy to community members of all ages. JumpStart and Verizon will officially open two digital learning centers in early 2022, providing community members—from youth to adults—with digital skills and entrepreneurship training. The centers, managed by Jumpstart, will be located within existing
Startups and Small Businesses Generated $1B+ in Economic Output Across Ohio in 2020
JumpStart and Silverlode Release Annual Economic Impact Report Providing Snapshot of Entrepreneurial Economy Through Jobs, Wages and Economic Output JumpStart has released its annual economic impact report, tracking the outcomes of startups and small businesses receiving services and/or capital from JumpStart and its collaborative partners. The 2020 report, prepared by Silverlode Consulting, shows these businesses
Ohio Providing Early-Stage Capital
Third Frontier Growing Technology Startups & Talent Today, the Ohio Third Frontier Commission approved $72.7 million in funding that will provide capital to innovative startup companies, advance medical technology, and foster young talent through a new High School Tech Internship Pilot Program. “We are investing in technology that will attract private capital from across the
Teleangé Thomas Tapped to Lead JumpStart’s Advancement and Public Partnership Efforts
JumpStart Inc. has hired Teleangé Thomas to fill its newly created Chief Advancement and Relationships Officer role. Thomas will be responsible for leading the organization’s strategic fundraising initiatives, strengthening partnerships and spearheading JumpStart’s involvement in civic initiatives including the Cleveland Innovation Project, the MidTown Innovation District and other initiatives JumpStart anticipates pursuing in the coming
Startups and Small Businesses Remain Optimistic Despite COVID19
While the long-term impact of COVID19 is still unknown, startups and small businesses in Northern Ohio remain optimistic, according to a recent survey conducted by JumpStart. Companies who participated in the survey are actively engaged with services from JumpStart, organizations in the Business Growth Collaborative (BGC) or organizations in the Entrepreneur Services Provider (ESP) program.
Ron Stubblefield Hired to Lead Multi-Organizational Initiative to Advance Equity in Regional Tech Entrepreneurship
Leaders from the Economic Community Development Institute (ECDI), the Hispanic Business Center, The Presidents’ Council, The Urban League of Greater Cleveland, and JumpStart selected Ron Stubblefield to fill a newly created Shared Entrepreneur-in-Residence (EIR) position. Based out of JumpStart’s Cleveland headquarters, Stubblefield will act as a collaborative resource between the four organizations. The State of
ReadySet Surgical Closes $5.5M Series A Funding Round
JumpStart NEXT Fund Leads Round, Senior Partner Rem Harris Joins Board of Directors ReadySet Surgical, a Healthcare IT company on a mission to drive efficiency and compliance within the surgical supply chain, has announced a $5.5 Million Series A financing led by Cleveland-based JumpStart Inc.’s NEXT Fund. Also participating in the funding round are all
