Neuros Medical closes $38.5 million funding round

Neuros Medical Inc., a medical device company in Willoughby Hills that’s developing high-frequency nerve block technology for patients with intractable post-amputation pain, said it has closed a financing round totaling $38.5 million. In a news release issued Thursday, Jan. 7, Neuros said the Series BB financing was co-led by new investors Amzak Health and Sectoral

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BoxCast raises $20 million in Series A funding, could double employee count within a year

BoxCast is shaping up to be another Cleveland success story. In many respects, it already is. The Cleveland company, which delivers high-definition streaming services, has raised $20 million in Series A funding. The fundraising round follows a 2019 acquisition of Sunday Streams, a Florida company with a clientele that allowed BoxCast to strengthen its position

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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

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Yellowcake Shop creates socially-distanced shopping experience for customers

Many small business owners have been forced to pivot during the COVID-19 pandemic to make sure their doors stay open. Valerie Mayen, the owner of Cleveland-based Yellowcake Shop Clothing Company has navigated those twists and turns all year long and is now reinventing the traditional shopping experience to keep her customers safe. Mayen’s been in

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Neuros Medical Is Raising $42.8 Million

In an SEC filing, Neuros Medical Inc. of Willoughby Hills said it has raised $37 million of a planned $42.8 million stock offering. The company, which is developing a patented therapy for the treatment of chronic, post-amputation pain with a high-frequency electrical signal, said in the filing that it is not being made in connection

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Ohio Third Frontier looking to award $60M in seed funding for tech companies

The Ohio Third Frontier program is looking to award up to $60 million to organizations that will invest that money in Ohio technology companies in the early stages of commercializing their products or services. Cleveland entrepreneurial growth organization JumpStart Inc. is having conversations “with a handful of institutions, universities, hospitals and others” with whom to

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JumpStart’s new Entrepreneur Roadmap seeks to provide a trusty GPS for Northeast Ohioans navigating the tech startup journey

When Dan Fernback and Zac DiVencenzo started shopping their concept for JuggerBot 3D back in 2014, the newly minted Youngstown State University graduates knew they were on to something. After all, additive manufacturing and 3D printing were on the rise, especially in their home base of Youngstown — where the America Makes national tech accelerator

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JumpStart Gets Out The Roadmap

JumpStart Inc., the nonprofit that supports startup and young businesses, is publishing a guide it’s calling the Entrepreneur Roadmap to help fledgling businesses launch and grow. The package includes access to one-on-one business advice from JumpStart and its partners, live educational programs and workshops, and “always-on” resources and templates to support the entrepreneur as the

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Entrepreneur Roadmap Creates Pathway For Northern Ohio Tech Startups

Entrepreneurs know that inspiration can strike at any time of the day or night. But how do you take a potentially world-changing idea from the back of a napkin and make it a reality? Enter JumpStart’s Entrepreneur Roadmap, a process that guides ambitious entrepreneurs growing a tech business. “The roadmap essentially came about as a

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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.

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JumpStart To Step In For BioEnterprise In Many Areas

A significant portion of the work of BioEnterprise Corp., the Cleveland nonprofit that has supported young biotechnology companies and that sharply curtailed its services in the spring, is being taken over by JumpStart Inc., another nonprofit that supports a broader range of entrepreneurs. JumpStart’s chief investing and services officer, Jerry Frantz, told Crain’s on Wednesday,

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