While VC activity remains slow in in 2024, Ohio had a strong showing in March, reporting large investment activity throughout the state.
Here's a roundup of the top startup and tech funding in Ohio from this month.
Stay up to date on the top startup and tech news, jobs, events and more.
This month's top Ohio tech and startup funding
Coterie team, image courtesy of Coterie
Cincinnati InsurTech Coterie raised $27 million in oversubscribed round
Cincinnati-based insurtech company, Coterie, announced this month it raised $27 million in a new capital investment. The oversubscribed round includes new investment from Hiscox as well as existing investors. Coterie, one of the best places to work in Cincinnati, simplifies small business insurance, and the latest funding will enable Coterie to accelerate expanded insurance offerings. OhioTechNews has more.
Image source: Intel
Intel Landed Up To $8.5B In Chips Act Funding, Including For Ohio
Intel announced that it was awarded $8.5 billion through the CHIPS Act. The funding will help Intel continue its development of chip manufacturing in America. That includes its Ohio One campus in New Albany, Ohio. Chip development is rapidly growing in emerging tech hubs. Read the full story on Intel's funding here.
Image source: Cloverleaf
Cloverleaf raised $7.3M Series A led by Advantage Capital, Conductive Ventures
One of the region's fastest-growing startups, Cloverleaf, announced a Series A funding round. The Cincinnati offers automated coaching technology for workers and teams. The round was led by led by Advantage Capital, a St. Louis- and New Orleans-based impact investment firm, with participation from Palo Alto, Calif.’s Conductive Ventures. CincyInno has more.
Champ Titles landed $18 million to grow auto title transfer tech
Champ Titles, a top startup in Cleveland announced a Series C funding round of $18 million. The round was led by Point72 Ventures, the bicoastal venture capital firm owned by hedge fund manager and NY Mets owner Steven Cohen. Other investors included W.R. Berkley Corp., Eos Venture Partners, Guidewire Software and Rev1 Ventures, Champ Titles told ClevelandInno. Champ Titles uses technology to speed up the automobile title transfer and lien process.
Central Ohio female-founded investment group funds first two startups
Female-founded investment group Accelerating Angels is helping more women-owned businesses flourish in central Ohio. Co-founders Cindi Englefield and Mary McCarthy recently selected two companies (out of 267 that applied) as the recipients of their first-ever round of funding: SureImpact and Groupize. WBNS has the story here.
