Venture capital in Ohio
17 venture firms are based in Ohio, from SEC filings and the fund index. Below them are Ohio’s other sources of capital, the LPs based here that report holding venture funds, and its SEC-registered family offices. How Ohio ranks for startup raises and new funds: its Venture Ecosystem Index page.
On this page: 17 venture firms 6 new funds 87 other sources of capital 42 LPs 4 family offices.
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Venture firms based in Ohio
17 advisers that report a venture fund on Form ADV, largest estimated venture assets first, from the Venture Adviser Directory. Each one’s page has its funds and, where an LP reports holding them, its LPs.
| # | Adviser | Location | Venture funds | Private fund assets | Registered |
|---|---|---|---|---|---|
| 1 | Drive Capital LLC | Columbus | 21 | $4.4B | 2026 |
| 2 | Narya Capital Management, LLC | Columbus | 2 | $333M | 2020 |
| 3 | Allos Venture Management Company, Ltd. Emerging | Cincinnati | 14 | $206M | 2012 |
| 4 | Cincytech EmergingCincinnati Cornerstone Capital LLC | Cincinnati | 9 | $117M | 2019 |
| 5 | Buoyant Ventures Management, LLC Emerging | Beachwood | 8 | $75M | 2021 |
| 6 | Maywic Management, LLC Emerging | Cincinnati | 4 | $72M | 2024 |
| 7 | Heartland Group Holdings LLC Emerging | Columbus | 7 | $76M | 2026 |
| 8 | Refinery Ventures Management, LLC Emerging | Cincinnati | 3 | $55M | 2024 |
| 9 | Oif Management Corp. Emerging | Dublin | 1 | $50M | 2016 |
| 10 | Cintrifuse Capital EmergingCintrifuse Fund Management, LLC | Cincinnati | 1 | $180M | 2022 |
| 11 | H Venture Partners EmergingH Venture Management, LLC | Cincinnati | 7 | $42M | 2021 |
| 12 | Cincytech, LLC Emerging | Cincinnati | 4 | $60M | 2016 |
| 13 | PMC Sports EmergingPMC Sports, LLC | Gahanna | 1 | $40M | 2025 |
| 14 | NCT Fund Management, LLC Emerging | Columbus | 3 | $39M | 2012 |
| 15 | Oif Management II, L.L.C. Emerging | Dublin | 1 | $34M | 2023 |
| 16 | Maywic III GP, LLC Emerging | Cincinnati | 1 | $28M | 2020 |
| 17 | Eta Capital Fund Management, LLC Emerging | Cincinnati | 1 | $26M | 2025 |
New funds raising from Ohio
6 venture funds managed from Ohio started raising in 2025 or later and filed a Form D since October 2025: managers with new money to invest. Amounts are as each fund’s latest Form D reports them, newest filing first.
| Fund | Manager | Started | Raised so far | Target | Latest filing |
|---|---|---|---|---|---|
| Narya Capital Fund III, L.P. | Narya Capital Management, LLC | 2026 | — | $200M | September 29, 2026 |
| Drive Capital Overdrive Ignition Fund III, L.P. | Drive Capital LLC | 2025 | $51M | $100M | July 6, 2026 |
| Drive Capital Ignition Fund V, L.P. | Drive Capital LLC | 2025 | $14M | $50M | July 6, 2026 |
| Heartland Ventures Fund III, L.P. | Heartland Group Holdings LLC | 2026 | $35M | $60M | February 2, 2026 |
| Drive Capital Fund V, L.P. | Drive Capital LLC | 2025 | — | $540M | December 15, 2025 |
| Drive Capital Overdrive Fund III, L.P. | Drive Capital LLC | 2025 | — | $810M | December 15, 2025 |
Other sources of capital in Ohio
19 SBA lenders, 18 community development lenders, 16 pension master trusts, 15 SBICs, 11 corporate pension plans, 6 union pension plans, 1 venture debt lender, and 1 venture studio. From public registers and what each organization publishes; see Capital Sources for every state.
| Source | Location | On the record |
|---|---|---|
| River SaaS Capital | OH | Provides venture debt financing to growing US-based B2B SaaS businesses with at least $150K in monthly recurring revenue. |
| Rev1 Ventures | Columbus | Venture studio in Columbus, Ohio that gives startups in software, AI, deep tech and life sciences services, space, mentoring and connections. |
| American Electric Power System Retirement Plan | Columbus | In partnerships and joint ventures: $562M |
| Case Western Reserve University Employees Retirement Plan B | Cleveland | In partnerships and joint ventures: $35M |
| Children's Hospital Medical Center Retirement Plan | Cincinnati | In partnerships and joint ventures: $76M |
| Firstenergy Corp. Master Pension Plan | Akron | In partnerships and joint ventures: $1.9B |
| Huntington Bancshares Retirement Plan | Columbus | In partnerships and joint ventures: $49M |
| Ohio Farmers Insurance Company Pension Plan | Westfield Center | In partnerships and joint ventures: $121M |
| Parker Defined Benefit Pension Plan | Cleveland | In partnerships and joint ventures: $735M |
| Southern Ohio Medical Center Cash Balance Pension Plan | Portsmouth | In partnerships and joint ventures: $64M |
| UC Health Retirement Plan | Cincinnati | In partnerships and joint ventures: $143M |
| University Hospitals Health System, Inc. Retirement Plan | Shaker Heights | In partnerships and joint ventures: $358M |
| Western & Southern Financial Group Pension Plan | Cincinnati | In partnerships and joint ventures: $217M |
| Cyprium SBIC I, L.P. | Cleveland | Hybrid · Mezzanine |
| MCM Capital Partners III Parallel Fund, L.P. | Beachwood | Private Equity · Buyout |
| MCM Capital Partners IV, LP | Beachwood | Private Equity · Buyout |
| Northcreek Mezzanine Fund II, L.P. | Cincinnati | Hybrid · Mezzanine |
| Northcreek Mezzanine Fund III, L.P. | Cincinnati | Hybrid · Mezzanine |
| Northcreek Mezzanine Fund IV, L.P. | Cincinnati | Hybrid · Mezzanine |
| Oxer BCP Mezzanine Fund, L.P. | Columbus | Hybrid · Mezzanine |
| Oxer Mezzanine Fund II, L.P. | Columbus | Private Credit · Hybrid Debt/Equity |
| Oxer Mezzanine Fund III, L.P. | Columbus | Hybrid · Mezzanine |
| River Cities Financial Institutions Fund V, L.P. | Cincinnati | Growth Equity |
| Stonehenge Community Impact Fund II, LP | Columbus | Private Credit · Direct Lending |
| Stonehenge Community Impact Fund, L.P. | Columbus | Private Credit · Direct Lending |
| Stonehenge Opportunity Fund IV, L.P. | Columbus | Hybrid · Hybrid Debt/Equity |
| Stonehenge Opportunity Fund V, L.P. | Columbus | Hybrid · Hybrid Debt/Equity |
| TTGA SBIC Pioneer Fund I, L.P. | Cincinnati | Hybrid · Mezzanine |
| Cleveland Bakers and Teamsters Pension Fund | Valley View | In partnerships and joint ventures: $75M |
| Iron Workers District Council of So OH & Vicinity Pension Trust | Vandalia | In partnerships and joint ventures: $156M |
| Laborers District Council & Contractors Pension Fund of Ohio | Westerville | In partnerships and joint ventures: $1.3B |
| Pipe Fitters Local Union No. 120 Pension Plan | Cleveland | In partnerships and joint ventures: $33M |
| Plumbers Pipe Fitters & Mechanical Equipment Service Local Union No. 392 Pension Plan | Cincinnati | In partnerships and joint ventures: $33M |
| Sheet Metal Workers Local Pension Plan | Massillon | In partnerships and joint ventures: $26M |
| B&W Pension Trust | Akron | In partnerships and joint ventures: $327M |
| Battelle Pension Trust | Columbus | In partnerships and joint ventures: $580M |
| Cleveland Clinic Health System Pension Trust | Cleveland | In partnerships and joint ventures: $178M |
| Cleveland-Cliffs Inc. and Its Associated Companies Master Pension Trust | Cleveland | In partnerships and joint ventures: $38M |
| Cleveland-Cliffs Steel Corporation Master Pension Trust | West Chester | In partnerships and joint ventures: $44M |
| Cleveland-Cliffs Steel LLC Pension Trust | Cleveland | In partnerships and joint ventures: $140M |
| Eaton Corporation Master Retirement Trust | Cleveland | In partnerships and joint ventures: $332M |
| General Electric Pension Trust | Evendale | In partnerships and joint ventures: $8.5B |
| Jones Day Defined Benefit Master Trust | Cleveland | In partnerships and joint ventures: $282M |
| Macys Inc Defined Benefit Plans Master Trust | Springdale | In partnerships and joint ventures: $45M |
| Nationwide Defined Benefit Master Trust | Columbus | In partnerships and joint ventures: $1.2B |
| Nestle in the USA Pension Trust | Solon | In partnerships and joint ventures: $209M |
| Owens-Illinois, Inc. Master Retirement Trust | Perrysburg | In partnerships and joint ventures: $195M |
| The Goodyear Tire & Rubber Company Common Trust - Alternatives | Akron | In partnerships and joint ventures: $211M |
| The Kroger Co Master Retirement Trust | Cincinnati | In partnerships and joint ventures: $245M |
| Timkensteel Corporation Collective Investment Trust for Retirement Plans | Canton | In partnerships and joint ventures: $64M |
| AMISTAD REDEVELOPMENT CORPORATION | Cleveland | Community development loan fund in Cleveland, OH, certified by the US Treasury’s CDFI Fund. |
| Apex Fund for Economic Opportunities | Akron | Community development loan fund in Akron, OH, certified by the US Treasury’s CDFI Fund. |
| Appalachian Growth Capital, LLC | Logan | Community development loan fund in Logan, OH, certified by the US Treasury’s CDFI Fund. |
| CHN Housing Capital | Cleveland | Community development loan fund in Cleveland, OH, certified by the US Treasury’s CDFI Fund. |
| Cincinnati Development Fund, Inc. | Cincinnati | Community development loan fund in Cincinnati, OH, certified by the US Treasury’s CDFI Fund. |
| Cleveland Development Advisors Community Reinvestment Fund, Inc. | Cleveland | Community development loan fund in Cleveland, OH, certified by the US Treasury’s CDFI Fund. |
| Community Savings | Caldwell | Community development bank or thrift in Caldwell, OH, certified by the US Treasury’s CDFI Fund. |
| DAYTON REGION NEW MARKET FUND LLC | Dayton | Community development loan fund in Dayton, OH, certified by the US Treasury’s CDFI Fund. |
| Economic and Community Development Institute, Inc. (ECDI) | Columbus | Community development loan fund in Columbus, OH, certified by the US Treasury’s CDFI Fund. |
| Finance Fund Capital Corporation | Columbus | Community development loan fund in Columbus, OH, certified by the US Treasury’s CDFI Fund. |
| FREEDOM EQUITY INC. | Columbus | Community development loan fund in Columbus, OH, certified by the US Treasury’s CDFI Fund. |
| Greater Cincinnati Microenterprise Initiative, Inc. | Cincinnati | Community development loan fund in Cincinnati, OH, certified by the US Treasury’s CDFI Fund. |
| Ohio Capital Finance Corporation | Columbus | Community development loan fund in Columbus, OH, certified by the US Treasury’s CDFI Fund. |
| The Affordable Housing Trust for Columbus and Franklin County | Columbus | Community development loan fund in Columbus, OH, certified by the US Treasury’s CDFI Fund. |
| Valley Economic Development Partners, Inc. | Youngstown | Community development loan fund in Youngstown, OH, certified by the US Treasury’s CDFI Fund. |
| Village Capital Corporation | Cleveland | Community development loan fund in Cleveland, OH, certified by the US Treasury’s CDFI Fund. |
| West Central Development Corporation, dba Anchor Financial Services | Perrysburg | Community development loan fund in Perrysburg, OH, certified by the US Treasury’s CDFI Fund. |
| Western Reserve Community Fund, Inc | Akron | Community development loan fund in Akron, OH, certified by the US Treasury’s CDFI Fund. |
| Buckeye State Bank | Powell | 7(a) loans approved, fiscal year 2026: $5M |
| CFBank National Association | Columbus | 7(a) loans approved, fiscal year 2026: $5M |
| Fifth Third Bank | Cincinnati | 7(a) loans approved, fiscal year 2026: $373M |
| First Bank of Central Ohio | Worthington | 7(a) loans approved, fiscal year 2026: $22M |
| First Financial Bank | Cincinnati | 7(a) loans approved, fiscal year 2026: $18M |
| Hometown Bank | Kent | 7(a) loans approved, fiscal year 2026: $22M |
| JPMorgan Chase Bank, National Association | Columbus | 7(a) loans approved, fiscal year 2026: $256M |
| KeyBank National Association | Cleveland | 7(a) loans approved, fiscal year 2026: $247M |
| North Valley Bank | Zanesville | 7(a) loans approved, fiscal year 2026: $16M |
| Peoples Bank | Marietta | 7(a) loans approved, fiscal year 2026: $17M |
| RiverHills Bank | Milford | 7(a) loans approved, fiscal year 2026: $11M |
| Telhio Credit Union Inc | Columbus | 7(a) loans approved, fiscal year 2026: $7.2M |
| The Croghan Colonial Bank | Fremont | 7(a) loans approved, fiscal year 2026: $4.9M |
| The Huntington National Bank | Columbus | 7(a) loans approved, fiscal year 2026: $1.4B |
| The Park National Bank | Newark | 7(a) loans approved, fiscal year 2026: $15M |
| The State Bank and Trust Company | Defiance | 7(a) loans approved, fiscal year 2026: $7M |
| The Union Bank Company | Columbus Grove | 7(a) loans approved, fiscal year 2026: $14M |
| U.S. Bank, National Association | Cincinnati | 7(a) loans approved, fiscal year 2026: $943M |
| United Midwest Savings Bank National Association | De Graff | 7(a) loans approved, fiscal year 2026: $348M |
LPs based in Ohio
Foundations, pension plans, and other LPs here that report the venture funds they hold, by the number they hold. Local LPs often back local managers.
Family offices in Ohio
Family offices registered with the SEC as investment advisers, from the Family Office Index. Most family offices are exempt from registering and aren’t on this list.
| Family office | City | Regulatory assets |
|---|---|---|
| Wellspring Family Office | Cleveland | $5.1B |
| Wealth Dimensions Family Office, Inc | Cincinnati | $626M |
| Keeler & Nadler Family Wealth | Dublin | $610M |
| Family Wealth Advisory Group, LLC | Cincinnati | $396M |
About the data
An adviser’s state is where its Form ADV says its main office is. A fund-index firm is placed by the headquarters city the index lists, or by its Form ADV when the city doesn’t tell. Capital sources, LPs, and family offices are placed by the address their own register gives. Angel investors who list themselves are at hottub.vc/investors. Organizations only: no individuals are listed here, and a listing is a public record, not a recommendation. See the methodology.