fbpx

Beyond the Pitch

Rev1 2018 Startup Impact Report Highlights $2B Impact

Impact Report

The Rev1 Ventures 2018 Startup Impact Report, published today, reports that Columbus is truly becoming an important hub in the United States for innovation and startup growth.

In 2013, we asked, “What If?” What if Columbus could become a nationally recognized startup hub that:

  • Connects our region’s assets;
  • Funds and scales young companies;
  • Connects founders with customers and investors, and
  • Fosters inclusive innovation.

We set an aggressive goal of $2B in economic impact to the Columbus region from capital attracted, revenue generated, and exits from our clients by 2018. I’m pleased to tell you that we have exceeded that bold goal.

Read Rev1 Ventures 2018 Startup Impact Report.

In 2018, we achieved numerous milestones including:

  • Funded our 100th startup;
  • Invested a record $13.1MM in 36 companies;
  • Achieved 50% portfolio diversity for investments in companies with a woman or minority founder or inventor, and
  • Our portfolio achieved $181.5MM in exits.

Since we set our strategy and formed strategic innovation funds with The Ohio State University, Nationwide Children’s Hospital, and OhioHealth, we’ve made more than 60 investments in 37 spinouts from these world-acclaimed research institutions. We deepened engagement with corporate partners, including Smucker, State Auto, and Safelite AutoGlass.

It is the collective power of these strategic partnerships, plus connections and collaboration with a broad group of community partners, corporations, cities, counties and the state, and especially Ohio Third Frontier, which allows us to accomplish so much.

We appreciate our partners’ support and the accomplishments of our region’s amazing innovators and entrepreneurs.

Rev1 remains committed to continuing to serve as a true public/private partnership, expanding capital, attracting diverse talent, and deepening corporate connections in our region.

  • Get startup tips and resources delivered directly to your inbox.

  • Resources

    Getting Started
    Tips for turning a concept into a company

    Getting Customers
    From honing your pitch to getting your first customer

    Success Stories
    Entrepreneur Success

    Getting Funding
    How and where to get the cash you need to grow

    The Hard Stuff
    How to navigate hiring, taxes, legal and more

    The Network Effect
    Making the right connections at the right time

    #Startup Buzz
    The news and trends that matter to you

    Rev1 News & Events
    The latest buzz and networking opportunities