The Columbus investor startup studio has made investments in 100 companies totaling $37.2 million since 2013.
Rev1 Ventures is the most active venture capital firm in Ohio over the past five years, according to a national ranking out this month. New York-based data company CB Insights looked at how many technology companies VCs invested in from 2014-19 to create the list.
For Rev1, that number is 100 companies for a total of $37.2 million since 2013, when it made just one investment. In 2018, it invested $13.1 million in a record 36 technology startups.
“Investing in high-growth startups, at scale, is an important foundation for building our innovation economy,” said Tom Walker, Rev1 CEO. “We are proud of this growth, and in particular, the growth in diversity of the entrepreneurs we’re supporting—nearly half of Rev1’s portfolio companies have a diverse founder or CEO at its helm—and we are just getting started.”
Columbus not only houses the most active Ohio VC firm, but according to Venture Beat, Columbus is tops for overall Midwest startup growth with three prominent tech startups—Root Insurance (now valued over $1 billion), Olive and Beam Dental. Here's Columbus CEO's recent profile of Olive founder Sean Lane.
TechCrunch broke down the investor-company relationships of each of the Midwest’s top 10 VC cities, and—in keeping with its collaborative reputation—of all Columbus’ relationships, 60 percent are in-metro, the highest percentage of all 10 cities. Just 16 percent of Columbus’ investor-company relationships are out-of-state. The list was ranked by number of overall relationships, with Columbus clocking in eighth.
“Beyond the investment activity, we are focused on connecting startups to our region’s assets,” says Walker. “Columbus and Ohio are succeeding because of our strong private and public sector partners … that are equally invested in this approach to driving startup momentum.”