“2021 was a year of business expansion and change…”
2021 was a year of business expansion and change. Our portfolio companies excelled. Our investment business is positioned for strong growth, including a pipeline of exciting exits.
Like many other firms, we were not immune to colleagues approached by new opportunities. We have welcomed a wave of new talent internally and celebrate the expansion of entrepreneurial talent across the region. Rev1 was awarded a U.S. Economic Development Administration grant which we are matching to expand support for women and persons of color. An exciting wave of diverse entrepreneurs are seeking to commercialize technologies and launch new scalable businesses here.
With amazing progress in the Innovation District and accelerating corporate innovation among our partners, we are proud to continue as a cornerstone of an entrepreneurial ecosystem that continues to grow.
Andy Rose
President & CEO
Worthington Industries
Chairman of the Board
Rev1 Ventures
Tom D. Walker
President & CEO
Rev1 Ventures
2021 Startup Impact
$1.14B
Revenue | Capital | Exits
$4.1B
Total Impact from 2013 – 2021
$136MM
$278MM
Client Companies
$725MM
27
955
$106K
*2021 impact includes significant (undisclosed) capital attracted from corporate funds
$10.6MM Funded
In 27 Companies
Here are just a few of the companies we invested in. Check out our full portfolio here.
Redi.health believes every patient has the ability to overcome today’s healthcare barriers if they are given the right tools. We empower patient
Learn more about Redi.Health
Aware provides the solutions you need to address compliance, data governance and human behavior risk within enterprise collaboration networks.
Learn more about Aware
Connects student-athletes, parents, and coaches with a certified athletic trainer via a telemedicine video app for triage through recovery.
Learn more about Healthy Roster
A brand new 503B outsourcing facility. Bringing Safety, Transparency, Availability and Quality to compounded medications. staqpharma.com
Learn more about STAQ PharmaExpanding Access To Capital
In 2021 we launched $30MM in new capital to support tech-enabled startups, allowing us to continue impactful follow-on investments and attract new, more diverse startups into our portfolio.
- 30 Companies Raised $1MM+
- 51 Companies Raised $250K+
- 212 Co-investors
Welcomed 40 New Clients to the Startup Studio
Our newly engaged companies are tackling solutions to some of the world’s biggest opportunities, from information technology and telemedicine, to environmental sustainability, consumer goods, and more.
- 151 Entrepreneurs Educated in Rev1 Learning Labs
- $706K Discounted Vetted Services Delivered
- 60%+ 5-Year Client Survival Rate (vs. 50% national average; Source: US Bureau of Labor Statistics)
Commercialization Catalyst
Commercializing innovation is a journey of many steps. Along with our partners at The Ohio State University and Nationwide Children’s Hospital, Rev1 is there for every step. We’re proud to highlight a few funded spinouts below.
- Reviewed 129 opportunities
- Funded 14 spinouts
An advanced materials company creating carbon nanoparticles to overcome energy challenges in batteries and fuel cells.
Learn more about pH Matter, LLC
Committed $3MM to Expand Diversity in Entrepreneurship
Inclusion starts at home. Diverse teams deliver better financial results. Inclusive entrepreneurship begins with each of us personally and grows as we expand to grassroots organizations and associations with density in women and minorities, matching action to intentions.
- Rev1 Awarded the U.S. Economic Development Administration (EDA) “Build to Scale” Grant
- 58% Client Diversity
- 67% Diversity of Funded Companies
Celebrating Startup Success
We are committed to helping our portfolio companies achieve their full potential for long-term growth and success. Here are a couple of the companies who had successful exits last year.
An all-in-one reality capture system that produces stunning 3D walkthroughs, virtual reality experiences, video, technical assets, and more.
Learn more about MatterportBuilding Next Gen Entrepreneurs
Our Innovation Internship Program, which provides incredible work experiences to regional students, wrapped up its second year in 2021.
- Placed 109 interns in 27 startups
- 64% diverse
Space to Innovate
As we’ve started to ease out of the pandemic, Rev1 labs residents have been able to come together for the networking and community that we all missed. More than an office, Rev1 Labs is the place to connect, collaborate, and recharge.
Learn More49
Resident Companies
127
Resident Employees
$31.2MM
Raised by Resident
Companies
57%
More Capital Raised by Resident Companies
2.5x
More Revenue Generated by Resident Companies
2+
More Staff Employed by Resident Companies
Fostering Corporate Innovation
In 2021 we helped our partners achieve incredible milestones, including a multi-billion dollar IPO and dozens of proof-of-concept projects, investments, and partnerships. Our innovation partnerships continued to grow, adding organizations that are advancing mobility and scientific discovery to our expanding list of partners and industries served.
“We aren’t just making introductions, we’re making connections that matter. These lead to market insight, pilots, contracts…” – Mike McCann, Chief Business Development Officer
$796MM
Corporate Innovation Impact
130
Trained Corporate Innovators
461
Assessed Technologies
233
Startups Connected to
Corporate Innovators
36
Pilots & Contracts
Operational Highlights
2021 Inflows
2021 Outflows
2021 Investments
Board of Directors
Stephanie Fortener
SaaS Capital
Managing Director
Kim Garland
State Auto Labs
SVP Commercial Lines and Managing Director
David Meuse
Stonehenge Partners
Rev1 Chairman Emeritus
Mike Papadakis
The Ohio State University
SVP and Chief Financial Officer
Kevin Reeves
BP Energy Company,
Vice President, Natural Gas and Power Origination
Tim Robinson
Nationwide Children's Hospital
Chief Executive Officer
Andy Rose
Worthington Industries
President
Tom Walker
Rev1 Ventures
President & Chief Executive Officer
Kim Zavislak
KPMG
Columbus Office Managing Partner
Sue Zazon
Huntington Bank
President, Central Ohio Region
Our Partners
Rev1 recognizes that delivering these impacts takes a community-wide effort. We are proud to have the support of over 60 partners in economic development, strategic innovation, donated and discounted services, and venture fund investors including critical support from Ohio Third Frontier. Thank you for your continued support – we couldn’t do it without you.
