The fund's LPs include Nationwide, Cardinal Health, Worthington Industries, Crane Group, AEP Ohio, Dispatch Printing Company, State Auto Insurance and IGS Energy.
US-based venture capital firm Rev1 Ventures launched a $22m fund on Tuesday that attracted commitments from corporate backers including healthcare provider Cardinal Health and energy utilities AEP Ohio and IGS Energy.
The fund has also been backed by insurance companies Nationwide and State Auto Insurance, metals manufacturer Worthington Industries, conglomerate Crane Group, publisher Dispatch Printing Company, Ohio State University, Columbus Foundation and the firm’s management team.
Ohio state-owned economic development initiative Ohio Third Frontier’s Pre-Seed and Seed Plus Fund Capitalization…
