About Ohio Innovation Fund
Ohio Innovation Fund is a venture capital firm founded in 2016. It is primarily based out of Columbus, United States. As of Dec 2025, Ohio Innovation Fund is an active investor, having invested in 27 companies, with 1 new investment in the last 12 months. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Life Sciences. Most recently it participated in the $***** Seed round of Niobium Microsystems Overall, Ohio Innovation Fund portfolio has seen 1 unicorn, 2 IPOs and 6 acquisitions including key companies like Dexcom, Stirling Ultracold and Immuta. A lot of funds co-invest with Ohio Innovation Fund, with names like Rev1 Ventures sharing a substantial percentage of its portfolio. Ohio Innovation Fund has team of 7 people including 2 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Seed & 2 more
Portfolio IPOs
Portfolio Unicorns
Portfolio Soonicorns
Deals in last 12 months
Ohio Innovation Fund's List of Top Investments
Ohio Innovation Fund has a portfolio of 27 companies, one of which is a Unicorn. Their most notable investments are in Stirling Ultracold and Aware.Their portfolio spans across and United States. They have invested in Enterprise Applications, High Tech, Life Sciences and 11 other sectors, across stages such as Series A, Seed and 2 more. Here is the list of top investments by Ohio Innovation Fund:1. Dexcom
Provider of a wearable device for glucose monitoring. It provides a wearable patch that enables users to measure glucose levels in real-time. It has the capability to send data wirelessly to a display device through a transmitter and the touch screen receiver displays real-time glucose data. In 2022, the company recorded annual revenues of $3.02B and a net profit of $0.29B.
Key facts about Dexcom
- Founded Year: 1999
- Location: San Diego (United States)
- Annual Revenue: $4.03B as on Dec 31, 2024
- Stage: Public
- Total Funding till date: $52.7M
- Employee Count: 8,269 as on Jan 31, 2026
- Investors: Invesco Mutual Fund, Warburg Pincus and 7 Others
- Latest Funding Round: Post IPO, Apr 11, 2020, $*****
- Highlight: Public
Stirling Ultracold manufactures freezers for the scientific, electronics, and medical communities. It uses a free-piston Stirling engine. Products include COMPACT SU105U, UPRIGHT SU780XLE, PORTABLE ULT25NEU, and more.
Key facts about Stirling Ultracold
- Founded Year: 2009
- Location: Athens (United States)
- Stage: Acquired
- Total Funding till date: $8.7M
- Employee Count: 187 as on Dec 31, 2022
- Investors: Square 1 Bank, AmericanFinancialGrp and 4 Others
- Latest Funding Round: Series B, Dec 21, 2018, $*****
- Highlight: Acquired
3. Mojo Vision
Developer of AR-based monochrome display. It is developing an augmented reality-based computing platform that claims to deliver relevant information without the intrusions of mobile devices like smartphones, tablets, or wearables. Its chief offering is a tiny monochrome display, featuring multiple density pixels per square inch. It can be placed close to the eye and the company claims that the same's pixel density is about greater than the standard phone screen and denser than those displays found on other VR headsets
Key facts about Mojo Vision
- Founded Year: 2015
- Location: Saratoga (United States)
- Stage: Series B
- Total Funding till date: $319M
- Employee Count: 102 as on Mar 31, 2026
- Investors: AME Cloud Ventures, MacDonald Ventures and 48 Others
- Latest Funding Round: Series B, Mar 25, 2026, $*****
- Highlight: Editors' Pick
4. Immuta
Data access governance and data marketplace platform. The platform unifies policy setting, visibility, and auditing across multiple platforms. It offers metadata registry, data discovery, policy entitlements, and unified audit functionality. The platform facilitates data product publishing, discovery, and access approval. It provides data access control through a single interface. It provides real-time reports on data governance and compliance by tracking actions against enterprise data.
Key facts about Immuta
- Founded Year: 2015
- Location: Boston (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $267M
- Employee Count: 197 as on Mar 31, 2026
- Investors: DFJ Growth, Greycroft and 33 Others
- Latest Funding Round: Series E, May 05, 2023, $*****
- Highlight: Editors' Pick
Provider of a wearable drug delivery solution. The company's drug delivery device include enFuse for injectable therapies which enables a range of flexible delivery options for patients and healthcare providers, including a range of viscosities, volumes, delivery times, and sites for administration.
Key facts about Enable Injections
- Founded Year: 2010
- Location: Cincinnati (United States)
- Stage: Series C
- Total Funding till date: $334M
- Employee Count: 209 as on Mar 31, 2026
- Investors: Sanofi, Magnetar and 13 Others
- Latest Funding Round: Series C, Dec 29, 2025, $*****
- Highlight: Editors' Pick
Ohio Innovation Fund's Year-on-Year Investment Trends
Ohio Innovation Fund has invested in 27 companies over the last 10 years, with an average of 2 new investments annually in the last 10 years. In 2025, it made 2 investments. Its most recent first time investment was in Mojo Vision and most recent follow-on round was in Niobium Microsystems.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 1 | 1 | 2 |
2024 | 2 | 0 | 2 |
2023 | 2 | 0 | 2 |
2022 | 0 | 2 | 2 |
2021 | 0 | 2 | 2 |
2020 | 2 | 4 | 6 |
2019 | 4 | 0 | 4 |
2018 | 3 | 2 | 5 |
2017 | 1 | 0 | 1 |
Ohio Innovation Fund's Investments by Stage
Ohio Innovation Fund has made 12 investments in Series A stage with an average round size of $9.79M, 4 investments in Seed stage with an average round size of $2.97M, 2 investments in Series B stage with an average round size of $41M and 1 investment in Series C stage with an average round size of $17.4M.Stage of entry | No. of Investments |
|---|---|
Series A | 12 |
Seed | 4 |
Series B | 2 |
Series C | 1 |
Note: We have considered here, only first round of investments
Ohio Innovation Fund's Investments by Sector
Ohio Innovation Fund has a diverse portfolio, with companies operating in the Life Sciences, Enterprise Applications, Consumer, Vertical SaaS and HealthTech. Notably, it has invested in 23 Tech companies, 21 Enterprise (B2B) companies, 13 Software companies and at least 9 companies focusing on Tech hardware.Sector | No. of Investments |
|---|---|
Life Sciences | 7 |
Enterprise Applications | 6 |
Consumer | 4 |
Vertical SaaS | 4 |
HealthTech | 2 |
Others | 10 |
Note: We have considered here, only first round of investments
Ohio Innovation Fund's Investments by Geography
Ohio Innovation Fund has made most investments in United States (19).Ohio Innovation Fund's recent investments
Ohio Innovation Fund has not made any investment in 2026 so far.Here are the most recent investments by Ohio Innovation Fund:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Dec 03, 2025 | United States | Seed | 5354 | [+7] | |
Sep 04, 2025 | United States | Series B | 5614 | [+9] | |
Feb 23, 2024 | United States | Seed | 9192 | [+8] | |
Jan 05, 2024 | United States | Series A | 3257 | ||
Dec 22, 2023 | United States | Seed | 4486 | [+3] |
Unicorns in Ohio Innovation Fund's Portfolio
Ohio Innovation Fund has 1 unicorn in its portfolio - Immuta. The most recent unicorn in their portfolio is Immuta which became a unicorn in 2022, 3 years before Ohio Innovation Fund first invested in it.Here is a list of unicorns in Ohio Innovation Fund's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
63 | Data access governance and data marketplace platform | 2015 | Boston | Series E | xroqdgc |
IPOs and Publicly Listed companies in Ohio Innovation Fund's Portfolio
2 of Ohio Innovation Fund's portfolio companies have become public. Velodyne Lidar got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Sep 2020 at marketcap of $1.5K and Dexcom got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) at marketcap of $302M.Here are Ohio Innovation Fund's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 30, 2020 | - | - | 3144 | |
Apr 14, 2005 | - | - | 2989 |
Acquired companies in Ohio Innovation Fund's Portfolio
6 companies from Ohio Innovation Fund's portfolio have been acquired. The most recent acquisition was Aware in Aug 2024 by Mimecast for $*****.Here are Ohio Innovation Fund's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 14, 2024 | Feb 14, 2017 | Series A | 5724 | |
Dec 07, 2022 | Feb 12, 2019 | Series B | 3242 | |
Jan 11, 2022 | Mar 28, 2019 | Series A | 7681 | |
May 03, 2021 | Jun 02, 2016 | Series A | 5654 | |
Jun 05, 2020 | May 15, 2018 | Series A | 3067 |
Team profile of Ohio Innovation Fund
Ohio Innovation Fund has a team of 7 members including 2 Partners and 2 Venture Partners located in United States. Ohio Innovation Fund's team does not sit on the board of any company as of now.Here is a list of all team members in Ohio Innovation Fund:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Columbus | - | ||
Partner | - | - | ||
Venture Partner | Columbus | - | ||
Venture Partner | San Francisco | - | - |
Co-investors of Ohio Innovation Fund
Over the past 10 years, 136 investors have co-invested in Ohio Innovation Fund's portfolio companies. This includes funds and angels.
- Invested before Ohio Innovation Fund: CincyTech, Advantage Capital and 51 others have invested in rounds before Ohio Innovation Fund. There are 3 companies where CincyTech has invested before Ohio Innovation Fund and 1 company where Advantage Capital has invested before Ohio Innovation Fund.
- Top Co-investors of Ohio Innovation Fund: 44 investors entered a company along with Ohio Innovation Fund. These include investors like Rev1 Ventures (8 companies).
- Invested after Ohio Innovation Fund: A total of 39 investors have invested in Ohio Innovation Fund's portfolio after their investments. Top Investors include JobsOhio (3 companies), Plymouth Growth (2 companies) and AmericanFinancialGrp (1 company).
Recent News related to Ohio Innovation Fund
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Niobium Raises $23 Million for FHE Hardware AccelerationSecurityWeek•Dec 03, 2025•Silicon Catalyst, JobsOhio, Niobium Microsystems, Korean Development Bank and 9 others
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Mojo Vision Secures $75M in Series B Prime Funding to Advance Micro-LED CommercializationSemiconductor Today•Sep 04, 2025•Mojo Vision, Vanedge Capital, New Enterprise Associates, Hyperlink Ventures and 12 others
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Niobium: Zero Trust Computing Hardware Company Closes $5.5 MillionPulse 2.0•May 17, 2024•Niobium Microsystems, Fusion Fund, HP, Morgan Creek Capital Management and 3 others
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Niobium Raises $5.5M for Zero Trust Computing Hardware AccelerationSecurityWeek•May 07, 2024•Niobium Tech, Galois, Fusion Fund, Morgan Creek Capital Management and 5 others
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AI Security Startup Apex Emerges From Stealth With Funding From OpenAI CEOSecurityWeek•May 02, 2024•Apex.AI, Sequoia Capital, Index Ventures, OpenAI and 17 others
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Lentechs completes USD 6M fundraise led by Vision VestmentsMedical Buyer•Oct 25, 2023•Lentechs, JobsOhio, Ohio Innovation Fund, Bluestem Capital and 1 other
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Genetesis Closes $17.5M Series C FinancingFinSMEs•Oct 07, 2022•CincyTech, Ohio Innovation Fund, JobsOhio, Cercano Management and 2 others
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Neo-banking crypto startup Juno raises $18 million led by ParaFi CapitalMoneycontrol•Oct 01, 2022•Juno Online Services, ParaFi, Hashed, Jump Crypto and 15 others
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Enable Injections Announces $215 Million in Series C FinancingMedical Device News•Jan 27, 2022•Enable Injections, Magnetar, GCM Grosvenor, Squarepoint Capital and 8 others
