Rev1 Ventures helps entrepreneurs and innovators build great companies. This report tells the story of the innovators we work with who have created transformative, scalable technologies that are making positive impacts on people’s lives.
Letter from our CEO and Board Chair
We are excited to present to you the 2024 Rev1 Ventures Impact Report. It’s been a year of growth and evolution for Ohio entrepreneurs showing that the entrepreneurial engine in Central Ohio continues to thrive amidst a changing economic environment.
At Rev1 Ventures, we remain committed to supporting entrepreneurs in building high-tech, high-growth companies. Though these businesses make up a smaller portion of the overall economy, their impact is significant, attracting venture capital and investment that strengthens the region. We measure their influence through capital raised, revenue generated, and value created at exit—clear indicators of their outsized economic impact.
Our entrepreneurs achieved a remarkable $1.3 billion of impact (capital, revenue, and exits) in 2024. Read the full letter.
Revenue | Capital | Exits
All Time Impact from 2013 – 2024
2024 Impact includes client revenue, capital attracted and exits.
*Jobs Created & Retained metric measures client full time employees. Note that this metric is understated, as the majority of job growth occurs once clients outgrow Rev1 services and stop reporting data.
Each year we support more than 100 entrepreneurs through community education that fosters new ideas and encourages early product market validation. On average, 50%+ of the companies completing our pipeline programs have diverse leaders.
Our region is powering the next wave of high-tech innovators. Click below to read their stories.
Our clients are scaling, solving big problems, and creating lasting impact in industries across the globe.
Rev1 supports companies bringing advanced technologies to market, including advanced materials, alternative energy, advanced manufacturing, sensors, hardware, food and agriculture technologies.
Rev1 serves as an important commercialization partner to The Ohio State University and Nationwide Children’s Hospital to bring groundbreaking healthcare innovations to market. This includes therapeutics, medical devices, diagnostics, gene therapy and pharmaceuticals.
With more technologies in clinical trials than ever before, 2024 saw nearly $600 million in funding go to support promising innovations in our region. The momentum is building, and technologies in our backyard are providing vital, life-changing outcomes.
The Rev1 Capital team knows what it takes to support sustainable companies—through recessions, rising interest rates, and market shifts. We’re proud of the success of our more than 140 portfolio companies.
By supporting the development of a strong talent pipeline, we help ensure that the next generation of leaders and innovators stays in our region, driving sustainable growth and long-term impact.
Our work strengthens Columbus’ talent pipeline – from interns who turn into fulltime team members, to recruitment and placement of executive-level talent and mentors who fill critical skill gaps and make lasting connections.
Through tailored innovation strategies and hands-on collaboration, Rev1 brings together corporate partners, funding collaborators, and vetted service providers to create a dynamic ecosystem where startups thrive.
Our network of strategic partners are helping to fuel market-driven solutions, create high-value jobs, and drive breakthrough advancements.
Rev1 Labs is not just a workspace – it’s a heart of innovation and a launchpad for startups on the rise, bringing peers together to unlock new opportunities and scale faster than ever.
In 2024 we announced exciting plans to create two new innovation spaces to serve startups and spinouts in our region. The first to be developed in “Software Alley” downtown is The Studio by Rev1. Funded with support from the City of Columbus, it will be Rev1’s new headquarters and a place to deliver our services to support startups and scale ups. The second space to be developed in partnership with The Ohio State University will focus on supporting spinouts with new modern wet labs and acceleration offerings in the Carmenton district.
We are proud to support each founder’s journey that forms part of a larger movement, driving progress for our region and inspiring continued investment in technologies that make a meaningful difference in Columbus and beyond.
Our revenue, which enables us to drive this progress, comes from corporate innovation contracts, investment fund management, partner support, returns on investments, and Ohio Third Frontier funding. Rev1 Ventures and our investment funds are annually audited by an independent firm, ensuring transparency and our commitment to building sustainable growth and innovation across the region.
President, Central Ohio Region
Vice President of Strategy and Business Development
President
Chief Innovation and Digital Officer
Managing Director of Worthington Ventures
Rev1 Chairman Emeritus
Executive Vice President
Member and Government Relations Group Chair
Vice President
SVP and Chief Financial Officer
President
President & Chief Executive Officer
SVP Operations
Columbus Office Managing Partner
We extend our heartfelt gratitude to our leadership team for their unwavering commitment, strategic vision, and steadfast support. Their guidance has been instrumental in driving our mission forward and ensuring that we continue to create meaningful impact for the founders and innovators we serve.