Stages:

• Early
• Seed

 

Industries:

Information Technology

 

Description:

The Ohio Capital Fund, a fund of funds, was established by the State of Ohio to help increase private investment in Ohio companies in the seed or early stage of business development. To date, the Ohio Capital Fund has obtained $150 million of commitments from private resources for investment in qualified venture capital funds. At least 75% of The Ohio Capital Fund monies must be invested in Ohio-based Venture Capital Funds, and up to 25% may be invested in venture capital funds which are not Ohio-based Venture Capital Funds. In addition, every venture capital fund in which The Ohio Capital Fund invests, whether Ohio-based or not, will be required to agree in writing with The Ohio Capital Fund that such venture capital fund will invest at least half (50%) of The Ohio Capital Fund monies it receives in Ohio-based business enterprises in the seed or early stage of development. The Ohio Capital Fund's commitment to any one venture capital fund may not exceed $10 million. The Ohio Capital Fund is managed by Buckeye Venture Partners, with oversight provided by the Ohio Venture Capital Authority. Buckeye Venture Partners is wholly owned and managed by Fort Washington Investment Advisors (see profile).