HomeUSARev1 Ventures Launches $6M Pre-Seed Fund

Rev1 Ventures Launches $6M Pre-Seed Fund

Rev1 Ventures, a Columbus, OH-based venture studio, is launching a $6M Pre-Seed and Seed-Stage fund to support Central Ohio companies, focusing on the region’s technology startups that are underserved by venture capital.

Rev1 Ventures is committing $3M to the fund, which will be matched by the Ohio Department of Development State Small Business Credit Initiative (SSBCI) Ohio Early Stage Focus Fund Program.

The Future Value Fund II (FVFII) will invest in approximately ten startups over a four-year investment period, with a focus on enterprise SaaS, including AI/machine learning, digital health/healthcare IT, future of work/HR tech, and insurtech, as well as advanced technologies with strong connections to the industries and assets in our region.

Rev1 is committed to supporting companies at the earliest stages of growth by providing founders access to funding, industry advisors, and connections that can help them succeed. To expand the pipeline of opportunities to underserved and underrepresented founders, Rev1 is working in partnership with many regional entrepreneur support organizations, like Aventi Enterprises, to provide accelerator programming to more than 125 startups each year.

FVFII continues Rev1’s commitment to pre-seed and seed-stage investing and builds on the momentum of Rev1’s Future Value Fund I, which launched in 2021 and has backed eight Central Ohio startups that also receive support from Rev1’s venture studio.

VCWire

02/05/2024