Cleveland-based PROJiTECH raises $1.4 million in seed round
Cleveland-based PROJiTECH recently closed its $1.4 million seed round for its road construction productivity app OnStation. Indianapolis-based VisionTech Angels led the round, investing $575,000, a news release said. Other backers include HG Ventures of Indianapolis, JumpStart of Cleveland and Golden Angel Investors of Brookfield, Wisconsin. “Unlike a venture fund which writes one check, angel groups
Health tech startup Axuall closes $10.4 million Series A financing
Axuall, a Cleveland company that has developed technology enabling health care providers to share authenticated credentials and qualifications in real time, announced Tuesday morning, July 13, that it has closed a $10.4 million Series A funding round. The financing was led by Boston-based Flare Capital Partners, Axuall said in a news release. Co-investors include Intermountain
JumpStart Launches $50M NEXT II Fund
Cleveland-based JumpStart Inc. has launched its $50 million JumpStart Next II Fund, which targets software applications for businesses, as well as health care and medical tech ventures. According to its SEC filing, the minimum investment accepted in this fund is $100,000. Jumpstart, a venture development organization that combines the principles of private venture capital and
Neuros Medical receives Breakthrough Device Designation from FDA
Neuros Medical Inc., a neuromodulation-focused medical device company in Willoughby Hills, said it has received Breakthrough Device Designation from the U.S. Food and Drug Administration for the use of its high-frequency nerve block technology for patients with intractable post-amputation pain. The FDA Breakthrough Device Program is important, Neuros said in a news release announcing the
Third Frontier awards more than $9 million in funding for Northeast Ohio
Northeast Ohio’s JumpStart and three area technology companies received more than $9 million total in funding from Ohio Third Frontier programs, according to an announcement on Tuesday, June 22. The funding was part of more than $25 million approved by The Ohio Third Frontier Commission for six regional Entrepreneurial Services Providers created to help grow
SPR Therapeutics hits 5,000th implant milestone, plans further growth
After rapid growth through 2020, Cleveland medical device company SPR Therapeutics Inc. plans to continue building on its momentum. SPR Therapeutics developed a neurostimulation platform for pain management, the SPRINT Peripheral Nerve Stimulation (PNS) System. It recently reached a milestone of its 5,000th implant, ahead of schedule as demand for alternative options for pain treatment
Startup Thrivable raises $1.7 million from investors
Thrivable, a Cleveland-area startup that describes itself as a real-time platform for health care market research, announced it has closed $1.7 million in funding from local, regional and national investors. The company said in a news release on Wednesday, June 9, that investors in the funding round are Allos Ventures, JumpStart Inc., North Coast Ventures
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
Record-Breaking Exits Mark Great Start to 2021
On the heels of a rollercoaster year, there are few things sweeter for a startup founder to hear than those three magical words: “It’s a deal.” This has been a common chorus around here lately, with an unprecedented four companies from our portfolio being acquired in less than two months: VizZle, PreEmptive, Wisr and MedPilot.
Cleveland-headquartered start-up BoxCast buys competitor after big gains during pandemic
Cleveland-based streaming company BoxCast is announcing today that it has purchased a similar streaming business, Stream Monkey. This news comes after BoxCast announced in 2020 that it had raised $20 million from investors. News 5 first visited BoxCast in the early days of the pandemic when they were seeing a quick and sharp spike in
$50m in investment capital coming to Northeast Ohio
Yesterday, the Ohio Third Frontier Commission approved $72.7 million in statewide 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. The High School Tech Internship Pilot Program will help develop and retain tech talent in Ohio by providing up
Northeast Ohio gets a hefty share of Ohio Third Frontier Commission awards
Case Western Reserve University, Cleveland Clinic, JumpStart Inc. and several other organizations and small companies in Northeast Ohio are among the recipients of a total of nearly $73 million from the Ohio Third Frontier Commission. The commission late Wednesday, March 10, announced it had approved $72.7 million in funding “that will provide capital to innovative