Venture capital firms look to Ohio to invest
As the Kasich administration works to attract capital investments in Ohio companies, Mark Kvamme, the former JobsOhio chief, co-founded the Columbus-based Drive Capital fund last year with plans to raise $300 million mainly for investments in Ohio and the Midwest, Cincinnati Enquirer reports. Meanwhile, Dan Gilbert, general partner in Detroit Venture Partners – "a venture capital firm that backs seed and early stage companies" – launched a tech-based accelerator in Detroit and Cleveland known as Bizdom that "gives portfolios $25,000 in seed funding." The firm is considering creating a third accelerator in Cincinnati, the article said. For more, read the full story.
