CincyTech, a Cincinnati-based public-private seed-stage investor, has closed its third fund, at $10.9m.
CincyTech Fund III, LLC, which combines a $5m Ohio Third Frontier investment with $5.9m raised from Southwest Ohio partners (in total eight local institutions and 51 individual investors), will continue to focus on investing in information technology and bioscience startups that are based in or willing to move to Southwest Ohio.
The fund has the capacity to invest in at least 15 companies.
Led by Bob Coy, president, CincyTech has invested $15.3m in 43 portfolio companies, which have created 390 jobs and attracted $228.2m in follow-on capital and other outside funding.
FinSMEs
01/08/2013