Fusion Fund, a for-profit venture capital fund aimed at growing companies in and around Ohio, officially launched.
Founded by Bounce Innovation Hub, Acquire Investments and JumpStart, the fund is currently in due diligence with several companies and looking to raise additional capital, both private and institutional, towards the goal of $20m.
The vehicle aims to offer seed and early-stage investment for advanced materials, life sciences and tech companies located within a four-hour radius of Akron.
Funding is anticipated to range from $250k to $1m per investment for a total of 15-20 companies.
FinSMEs
11/12/2018