Startup Impact

Rev1 Ventures | 2021 Impact Report

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“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


Revenue | Capital | Exits


Total Impact from 2013 – 2021


Client Revenue


Capital Raised by
Client Companies


Client Exits


Companies Funded


Jobs Created & Retained


Avg. Salary among Clients

*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. 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
Turning imagery into property-specific intelligence.
Learn more about Cape Analytics
A brand new 503B outsourcing facility. Bringing Safety, Transparency, Availability and Quality to compounded medications.
Learn more about STAQ Pharma

Expanding 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) 

See All New Clients

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

Developing precision-based therapeutics for stroke.
Learn more about Basking Biosciences
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 Matterport

Building 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
Learn More

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 More


Resident Companies


Resident Employees


Raised by Resident


More Capital Raised by Resident Companies


More Revenue Generated by Resident Companies


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.

Learn More

“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


Corporate Innovation Impact


Trained Corporate Innovators


Assessed Technologies


Startups Connected to
Corporate Innovators


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


Tom Walker
Rev1 Ventures

President & Chief Executive Officer

Kim Zavislak

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.

Learn More