Startup Investors Expect Cash Flow To Increase In 2016

The amount of capital raised by local startups hit a four-year low in 2015. But Ray Leach isn’t too worried. Local startups will probably raise more money this year — and for at least a few years to come, according to the people who run JumpStart, VentureOhio and North Coast Angel Fund. For one, several

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The Top 5 Funding Rounds Of Chicago Tech’s $90M July

Summer is in full swing, and funding may be taking a backseat to beach days and road trips. With nearly $90 million for July’s total tech funding, the city still managed to score some major wins, but it wasn’t quite the stunning June we had to kick summer off. Healthtech (spoiler) was a major winner, with

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Intellirod Spine: $1 Million For Wireless Sensors

Curious about the strain being put on that spine implant? So was Intellirod Spine. The company has just announced that it has raised more than $1 million in equity financing from new and existing investors to do that and more. As indicated in the July 26, 2016 news release, “Funds will be used to reach

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FDA Gives Nod To First Percutaneous Peripheral Nerve Stimulation Device

On Wednesday, Boston Scientific announced that it’s acquiring a company that makes radio-frequency ablation devices, underscoring the need to offer medtech alternatives to treating chronic pain, which is overwhelmingly addressed by drugs. Another company that is offering up a device solution to the current opioid crisis is SPR Therapeutics. The Cleveland company announced Thursday that the Food and

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Intellirod Spine Raises More Than $1 Million From Investors

Intellirod Spine of Akron has raised more than $1 million from a group of investors including Cincinnati’s Queen City Angel First Fund V and JumpStart Inc. of Cleveland. The company has developed two sensor technologies designed to detect when spinal implant rods are bearing too much force: The LOADPRO, which senses when the rods are

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Revenue Conduit Gets $250,000 From Recapitalized JumpStart Fund

JumpStart has chosen the first company that will receive an investment from its recently recapitalized Evergreen Fund: Revenue Conduit. JumpStart has committed $250,000 to the Akron-based e-commerce software company. Revenue Conduit will use the money to speed up the development of its product, which links e-commerce platforms to marketing automation systems. The funding also will

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Building A Better Rural Ozarks

“Where is the grass greenest?” “Where it’s watered.” This spin on an old adage is something Hrishue Mahalaha, Senior Partner for JumpStart Inc., likes to say when helping groups focus on the most important priorities. It was particularly apt last week, when Mahalaha and Josh Borstein presented a slew of data and research in Sarcoxie,

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JumpStart Announces $250,000 Investment In Revenue Conduit

Growing Company Integrates E-commerce Stores With Digital Marketing Platforms To Help Online Retailers Convert More Site Visitors Into Customers Cleveland-based venture development organization, JumpStart Inc. has announced the first new investment from its recapitalized Evergreen Fund, committing $250k to technology startup Revenue Conduit. This growing company, headquartered in Akron, OH helps online retailers grow by

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Endotronix Thinks Digital Health + Sensor Implant Key To Managing Heart Failure

Congestive heart failure affects 5.7 million Americans and costs the system $30.5 billion including the cost of health care services, medications and in lost productivity due to missed days at work. A myriad efforts are underway to tackle both the treatment and the cost burden of the disease. The chief executive officer of one startup, Woodridge, Illinois-based

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New $2 Million Business Investment & Attraction Fund—Cleveland’s Health-Tech Corridor

The Cleveland Health-Tech Corridor (“HTC”) recently launched a $2 million investment and attraction fund in partnership with JumpStart to provide financial capital for businesses willing to relocate to the HTC. The HTC Fund is a unique public-private-nonprofit partnership, with investments from the City of Cleveland, Cleveland Foundation, Ohio Third Frontier, and several private investors. It

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Cultivating Cleveland’s Small Business Community

On April 27th, JumpStart’s Core City: Cleveland Program brought together 11 entrepreneurs and businesses to compete in the Pitch Your Business Competition. To kick-off the competition, the competitors were addressed by Mayor Frank Jackson, who stressed the importance of cultivating small businesses for the health of the City. The co-winners of the competition, W.O.W and

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