JobsOhio Ventures
JobsOhio Ventures is a $250M evergreen co-investment venture fund, subsidiary of Ohio's nonprofit economic development corporation, providing frictionless sidecar capital to early-stage healthcare and enterprise tech companies from Series A onward without taking board seats.
- Company typePrivate
- Founded2020
- HeadquartersColumbus, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What JobsOhio Ventures does
JobsOhio Ventures is a $250M evergreen co-investment venture fund established in 2020 as a subsidiary of JobsOhio, Ohio's private nonprofit economic development corporation. The fund provides frictionless sidecar capital to early-stage healthcare and enterprise tech companies at Series A and beyond, participating up to 20% of any individual round on terms materially the same as the lead investor and never exceeding 20% ownership of a single portfolio company. A defining feature is its no-board-seat model and a rapid 14-day approval process, which positions it as a high-conviction, low-friction syndicate partner rather than a lead investor.
The fund has participated in approximately 200 financing rounds since inception, facilitated $1.7B in portfolio company financings from Series A and beyond, and recorded 10 exits. Its portfolio spans eight named active companies with disclosed products, including AI-powered predictive maintenance (AssetWatch), FDA-approved diagnostics (Cleveland Diagnostics IsoPSA), neuromodulation devices (Neuros Medical Altius System), wearable neural haptics (Afference), mobility augmentation wearables (CIONIC), AI-driven clinical trial platforms (Paradigm Health), fully homomorphic encryption hardware (Niobium), and laser-based satellite communications (Ravee Optics). Notable co-investors include Viking Global, Cleveland Clinic, CincyTech, EQT, Foundation Capital, Arboretum Ventures, and Fusion Fund.
The fund's revenue model is venture capital returns: capital appreciation, dividends, and exit proceeds from portfolio companies, rather than management fees or operating revenue. Its value proposition to founders centers on access to Ohio's strategic enterprise and healthcare ecosystem, with formal relationships across all large Ohio enterprises and healthcare systems. The fund is headquartered in Columbus, Ohio, operates with an 11-person team, and leverages its nonprofit parent structure to provide patient capital unconstrained by traditional 7-10 year fund lifecycles.
JobsOhio Ventures firmographics
Firmographics- Name
- JobsOhio Ventures
- Legal name
- JobsOhio
- Website
- https://jobsohioventures.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- JobsOhio Ventures is a $250M evergreen co-investment venture fund, subsidiary of Ohio's nonprofit economic development corporation, providing frictionless sidecar capital to early-stage healthcare and enterprise tech companies from Series A onward without taking board seats.
- Ownership category
- akta.pro rank
JobsOhio Ventures industry classification
Industry- Product category
- Venture Capital / Investment Management
- NAICS
- Other Investment Pools and Funds (5259)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Early-Stage Venture Capital (Series A/B) (FSANAAAB)
- akta.pro secondary industry
- Multi-Sector / Generalist Growth Equity (FSANACAO)
Keywords
Where JobsOhio Ventures is headquartered
LocationHeadquarters
- HQ city
- Columbus
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
JobsOhio Ventures business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Investment Returns: As an evergreen co-investment venture fund, JobsOhio Ventures generates returns through successful portfolio company exits, capital appreciation, and dividends from its investments in early-stage healthcare and enterprise tech companies.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
JobsOhio Ventures product offering
Product offeringCore offering
JobsOhio Ventures is an evergreen co-investment venture fund that provides frictionless sidecar capital to early-stage healthcare and enterprise tech companies raising Series A and beyond. The fund invests 1:1 aligned with lead investors up to 20% of the round and does not take board seats, while providing portfolio companies with access to Ohio's strategic enterprise and healthcare ecosystem including Cleveland Clinic and other major Ohio organizations.
Product overview
JobsOhio Ventures is an evergreen co-investment venture fund (a $250M fund since inception in 2020) focused on early-stage healthcare and enterprise technology companies. Rather than operating a single product platform, JobsOhio Ventures manages a diversified portfolio of portfolio companies across healthcare, IT, and financial services sectors. The portfolio includes AI-powered predictive maintenance platforms (AssetWatch), medical diagnostics (Cleveland Diagnostics IsoPSA), neuromodulation devices (Neuros Medical Altius System), wearable neural haptics (Afference Ring), mobility wearables (CIONIC Neural Sleeve), clinical trial technology (Paradigm Health), encrypted computing hardware (Niobium FHE Accelerator), and space communications (Ravee Optics Laser ISLs). Since 2020, the fund has participated in 200 financing rounds, exited ten investments, and portfolio companies have raised $1.7B in financings from Series A and beyond.
Differentiator
Problem solved
Functional benefit
Products and services
- JobsOhio Ventures Co-Investment Program An evergreen co-investment financing program that provides 1:1 aligned capital to early-stage healthcare and enterprise tech companies raising Series A and beyond, participating up to 20% of the round via convertible debt or direct equity on terms materially the same as the lead investor. The program is paired with introductions to Ohio strategics, healthcare systems, and World Class VCs, and is open to companies with an Ohio connection or those willing to relocate to Ohio. The fund runs a 14-day approval process and does not take board seats.
Quantifiable outcome
- $75 million in total returns generated since June 2024 by O.H.I.O. Fund co-investor
Companies that use JobsOhio Ventures
Customer profileNamed customers8 records
Segments3 records
Ideal customer profiles2 records
JobsOhio Ventures technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
JobsOhio Ventures partnerships and signals
Strategic signalScale indicators5 records
Recent moves6 records
Expansion highlights5 records
JobsOhio Ventures competitors and assessment
Company assessmentDirect peers
- O.H.I.O. Fund: State-coordinated economic development fund ($356M committed) co-investing with JobsOhio Ventures (e.g., Hyperframe). Closely comparable as a state-backed, regional, multi-stage investment vehicle.
- Ohio Innovation Fund: Ohio-focused early-stage venture capital fund investing in technology and healthcare companies. Listed co-investment partner with JobsOhio Ventures (e.g., Afference), directly comparable in mandate and geography.
- JumpStart Ventures: Ohio-based venture development organization providing capital and mentorship to early-stage startups. Co-investment partner with JobsOhio Ventures (e.g., OnStation) and highly comparable in regional mandate and stage.
- CincyTech: Cincinnati-based regional venture capital investor and JobsOhio Ventures co-investor (e.g., Ravee Optics seed round). Directly comparable as an Ohio-based, multi-sector early-stage investor.
- Drive Capital: Midwest-anchored venture capital firm investing in early- and growth-stage technology and healthcare companies, often with an Ohio connection. Comparable in geography and stage focus, though Drive typically takes lead positions.
- Tamarind Hill: Ohio-based early-stage venture firm with deep healthcare expertise and a listed co-investment partner with JobsOhio Ventures (e.g., HealthPlan Data Solutions). Comparable in healthcare focus and Ohio geography.
- Rev1 Ventures: Ohio-based venture capital firm and startup studio that invests in early-stage healthcare and tech companies with a focus on the Midwest. Closely comparable to JobsOhio Ventures in regional focus, stage, and sector mix.
- Arboretum Ventures: Midwest-anchored venture capital firm specializing in healthcare and medical technology. Listed co-investment partner with JobsOhio Ventures and highly comparable in healthcare focus and regional base.
Regional players
- Innovation Works: Pittsburgh-based seed-stage venture capital fund supporting early-stage technology and healthcare startups. Comparable as a regional economic-development-aligned VC, though serving a different Midwestern geography.
- BioEnterprise (now JumpStart Health): Cleveland/Northeast Ohio-focused healthcare and biomedical investment and advisory organization, now part of JumpStart. Comparable as a regional healthcare-focused economic development investor in Ohio.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
JobsOhio Ventures social profiles
Digital presenceJobsOhio Ventures compliance and trust
Trust signalCompliance1 record
JobsOhio Ventures financial estimates
Financial estimateRevenue estimate
Valuation estimate
JobsOhio Ventures leadership team
Management profileNumber of profiles
Profiles4 records
JobsOhio Ventures funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
JobsOhio Ventures M&A and investment
M&A and investmentM&A
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about JobsOhio Ventures
What does JobsOhio Ventures do?
JobsOhio Ventures is an evergreen co-investment venture fund that provides frictionless sidecar capital to early-stage healthcare and enterprise tech companies raising Series A and beyond. The fund invests 1:1 aligned with lead investors up to 20% of the round and does not take board seats, while providing portfolio companies with access to Ohio's strategic enterprise and healthcare ecosystem including Cleveland Clinic and other major Ohio organizations.
Is JobsOhio Ventures a public or private company?
JobsOhio Ventures is a private company. It is classified as state government owned and is currently operating.
When was JobsOhio Ventures founded?
JobsOhio Ventures was founded in 2020. It employs 1 to 10 people.
Where is JobsOhio Ventures based?
JobsOhio Ventures is headquartered in Columbus, United States, in the North America region.
How does JobsOhio Ventures make money?
One revenue line is on record: investment Returns.
Who are JobsOhio Ventures's main competitors?
Direct peers on record are O.H.I.O. Fund, Ohio Innovation Fund, JumpStart Ventures, CincyTech, Drive Capital, Tamarind Hill, Rev1 Ventures and Arboretum Ventures. Regional players are Innovation Works and BioEnterprise (now JumpStart Health).
Does JobsOhio Ventures have an API?
No public API is recorded for JobsOhio Ventures.
What industry is JobsOhio Ventures in?
JobsOhio Ventures's product category is Venture Capital / Investment Management. Its primary akta.pro industry code is FSANAAAB, Early-Stage Venture Capital (Series A/B), with a secondary code of FSANACAO, Multi-Sector / Generalist Growth Equity. Its NAICS code is 5259 and its SIC code is 6282.