JumpStart Ventures secures nearly $25 million in Cleveland to boost Ohio startups with NEXT Fund III

Cleveland-based venture capital firm JumpStart Ventures has taken a significant step in fueling startup growth by securing the first close of its NEXT Fund III, raising close to $25 million.

This latest fund aims to support emerging businesses and drive innovation, with the ultimate goal of reaching a final target of $50 million.

Backing from Key Investors

NEXT Fund III has attracted investment from a mix of institutional backers, private investors, and the State Small Business Credit Initiative (SSBCI) Ohio.

This diverse funding base underscores the confidence in JumpStart Ventures’ ability to identify and support high-potential startups, particularly in the early Seed and Series A stages.

Targeting Promising Startups

With plans to invest in approximately 15 startups over the coming years, NEXT Fund III is focused on empowering innovative companies poised for growth.

The fund will provide not just capital but also valuable connections and strategic partnerships to help these startups scale and succeed.

Leadership Driving Success

Under the leadership of CEO Julie Jacono and Managing Partner Hardik Desai, JumpStart Ventures continues to expand its impact in the venture capital space.

The firm currently manages four investment funds, bringing its total assets under management to more than $200 million.

A Strong Track Record of Success

JumpStart Ventures has built an impressive portfolio, including companies such as Abre, Centerline Biomedical, OnStation, Cleveland Diagnostics, Orthobrain, Axuall, and Onshift.

Over 30 portfolio companies, including CoverMyMeds, Able Software, Wireless Environment, CardioInsight, and Vizzle, have successfully exited through acquisitions, further validating the firm’s investment strategy.

Looking Ahead

As JumpStart Ventures continues to deploy capital and support emerging startups, the firm remains committed to fostering innovation and economic growth.

With NEXT Fund III progressing toward its final goal, the future looks promising for both investors and the next wave of groundbreaking startups in Ohio and beyond.