JumpStart’s NEXT Fund Invests $5 Million in Eight Ohio Companies
$20 Million For-Profit Fund Helps Growing Tech Startups Raise Series A Capital Cleveland-based venture development organization, JumpStart Inc. has announced the first eight investments from its recently closed NEXT Fund. Collectively, these Ohio companies received $5 million from the $20 million fund through a combination of equity and convertible debt. “This roster of portfolio companies
As LeBron James Boosts Cleveland’s Profile, More Entrepreneurs Are Moving In
With a historic NBA Championship win on the shoulders of superstar Akron native LeBron James and a successful run hosting the recent Republican National Convention under its belt, the city of Cleveland has stepped into the spotlight in a major way this past summer. But beyond the hype, there’s a tight-knit community committed to revitalizing
Crain’s Twenty In Their 20s: Peter Spaulding, 25, BoxCast
BoxCast co-founder Gordon Daily refers to Peter Spaulding as the company’s “first official employee,” since the latter was the first non-founder to agree to work for the startup in August 2013. Spaulding joined BoxCast, which produces technology that helps companies stream live events, via Venture for America, a program that matches up startups and impressive
Founder Story: OnShift
OnShift in Cleveland, Ohio, has developed technology to help long-term care facilities solve staffing problems and fill open shifts. With the click of a button, employees are notified of available shifts via text message, email, phone call or push notifications, and can opt in to fill those shifts immediately. This helps nursing facilities, assisted living
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
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
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
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
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
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
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,
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