Ohio Innovation Fund

The Ohio Innovation Fund is a venture capital firm focused on providing venture capital and expertise to early stage companies. We invest in technology and life sciences companies that are based in, or have connections with, the state of Ohio.

Bill Baumel

MD

Faith Voinovich

Principal

33 past transactions

Stirling Ultracold

Series B in 2018
Stirling Ultracold, a division of Global Cooling, Inc., is a developer and manufacturer of a new generation of environmentally friendly ultra-low temperature freezers which operate below -86°C. These freezers do not use dry ice, Peltier or conventional cascade refrigeration systems. Instead, the Stirling Ultracold product line operates on free-piston Stirling engine technology.

Genetesis LLC

Series B in 2020
Genetesis LLC designs, develops, and provides biomagnetic imaging solutions. The company offers Genetesis CardioFlux, a mapping system that optimizes the detection, characterization, and treatment of cardiac rhythm disorders; and Faraday Analytical Cloud, a HIPAA-Compliant technology platform that manages the end to end data workflow for the CardioFlux Magnetocardiograph (MCG). Its systems also visualize electrical currents of heart in 3D. Genetesis LLC was founded in 2013 and is headquartered in Mason, Ohio.

Enable Injections

Series A in 2016
Enable Injections, LLC develops a disposable body-worn bolus injector to deliver high viscosity/volume payloads to the subcutaneous tissue. The company’s system uses standard vial, syringe, or cartridge container closure; and automatically mixes lyophilized solutions. Its drug delivery system’s transfer package automatically warms the drug, and enables user to insert the container into the system, place the injector on the skin, and press the central button, as well as know the progress of the delivery through its viewing window, and then dispose the device. It also offers partial or multi-vial/syringe transfer systems for filling its LVWIs. The company was founded in 2010 and is based in Cincinnati, Ohio.

S4 Medical

Series A in 2021
Sotera is a medical device company focused on innovative solutions for cardiac procedures. The company’s initial product is a solution for reducing complications to the esophagus during catheter ablation treatment for atrial fibrillation.It is commercializing a novel medical device designed to protect the esophagus during catheter ablation procedures.

Windpact

Venture Round in 2019
Windpact is a provider of impact protection solutions designed for sports, military, and automotive applications. The company's protection solutions are empowered with refined machine learning principles, FEA modeling, and a Crash Cloud system that automatically adjusts to manage a wide range of impact rates, protecting people anywhere exposed to the risk of impact. Windpact was founded in 2011 and is headquartered in Leesburg, Virginia.

DAtAnchor

Convertible Note in 2021
DAtAnchor develops a novel crypto-technology that anchors the data consumption within the network boundaries, serving as a backstop against inevitable breaches. It provides a secure gateway to access the files in the cloud and the database, with the added features of revocability and physical access control, enabling efficient and automated data governance. DAtAnchor is a result of a multi-year research activity, developed at Ohio State University. The development team currently has 6 members, 4 of which are full-time. We have seed level funding for >1M and an advisory board with members at the senior vice president level in Fortune 500 companies.

Wiretap

Series B in 2020
Aware is a cloud intelligence platform that adopts the latest advancements in cognitive computing, artificial intelligence, and behavioral analytics to amplify enterprise value by monitoring the social graph. They harness the power of their platform’s insights into human behavior and interactivity to create great value for the enterprise. They have only built a fraction of what they imagined and now they are looking for incredibly talented people to help us achieve their aspirational vision.

Enable Injections

Series A in 2016
Enable Injections, LLC develops a disposable body-worn bolus injector to deliver high viscosity/volume payloads to the subcutaneous tissue. The company’s system uses standard vial, syringe, or cartridge container closure; and automatically mixes lyophilized solutions. Its drug delivery system’s transfer package automatically warms the drug, and enables user to insert the container into the system, place the injector on the skin, and press the central button, as well as know the progress of the delivery through its viewing window, and then dispose the device. It also offers partial or multi-vial/syringe transfer systems for filling its LVWIs. The company was founded in 2010 and is based in Cincinnati, Ohio.

Eccrine Systems

Series B in 2018
Eccrine Systems, Inc. develops and commercializes non-invasive, electronic wearable systems that measure and transmit real-time data about human sweat. It offers Sweatronics platform, a modular, wearables system that is used to measure multiple different analytes in sweat, as well as wirelessly transmits data via a transceiver to remote applications. The company's advanced sweat sensor technologies are used in medicine, industry, and sports applications. The company was founded in 2013 and is based in Cincinnati, Ohio.

Wiretap

Series A in 2017
Aware is a cloud intelligence platform that adopts the latest advancements in cognitive computing, artificial intelligence, and behavioral analytics to amplify enterprise value by monitoring the social graph. They harness the power of their platform’s insights into human behavior and interactivity to create great value for the enterprise. They have only built a fraction of what they imagined and now they are looking for incredibly talented people to help us achieve their aspirational vision.

eFuse

Venture Round in 2021
eFuse is a web & mobile application for the Esports & Video Game industry. eFuse allows individuals to establish their gaming identity and participate in the industry at all levels. Whether it be learning about the industry, networking with other like-minded individuals, or accessing opportunities like jobs & scholarships, eFuse has something for everyone.

DOmedia

Series A in 2016
DOmedia, LLC operates a media buying and selling platform for agencies and their brands globally. It offers RFP/Proposal Management and Vendor Management cloud-based application to manage media information and create client analytics; seller applications; and local advertiser applications. The company’s online marketplace allows media providers to create media profiles for their properties; and advertisers and agencies to use the database of media properties to find new ideas, plan, and build out-of-home campaigns. DOmedia, LLC was founded in 2007 and is based in Columbus, Ohio.

Enable Injections

Series C in 2022
Enable Injections, LLC develops a disposable body-worn bolus injector to deliver high viscosity/volume payloads to the subcutaneous tissue. The company’s system uses standard vial, syringe, or cartridge container closure; and automatically mixes lyophilized solutions. Its drug delivery system’s transfer package automatically warms the drug, and enables user to insert the container into the system, place the injector on the skin, and press the central button, as well as know the progress of the delivery through its viewing window, and then dispose the device. It also offers partial or multi-vial/syringe transfer systems for filling its LVWIs. The company was founded in 2010 and is based in Cincinnati, Ohio.

DAtAnchor

Seed Round in 2018
DAtAnchor develops a novel crypto-technology that anchors the data consumption within the network boundaries, serving as a backstop against inevitable breaches. It provides a secure gateway to access the files in the cloud and the database, with the added features of revocability and physical access control, enabling efficient and automated data governance. DAtAnchor is a result of a multi-year research activity, developed at Ohio State University. The development team currently has 6 members, 4 of which are full-time. We have seed level funding for >1M and an advisory board with members at the senior vice president level in Fortune 500 companies.

Wiretap

Series A in 2017
Aware is a cloud intelligence platform that adopts the latest advancements in cognitive computing, artificial intelligence, and behavioral analytics to amplify enterprise value by monitoring the social graph. They harness the power of their platform’s insights into human behavior and interactivity to create great value for the enterprise. They have only built a fraction of what they imagined and now they are looking for incredibly talented people to help us achieve their aspirational vision.

Wiretap

Series C in 2021
Aware is a cloud intelligence platform that adopts the latest advancements in cognitive computing, artificial intelligence, and behavioral analytics to amplify enterprise value by monitoring the social graph. They harness the power of their platform’s insights into human behavior and interactivity to create great value for the enterprise. They have only built a fraction of what they imagined and now they are looking for incredibly talented people to help us achieve their aspirational vision.

Immuta

Series C in 2020
Immuta provides a cloud-native data governance platform for organizations to automate data access control, security and privacy compliance, ensuring each user who queries data sees only the data they’re supposed to see, for their approved purpose or role. The platform aims to create trust across data engineering, security, legal, compliance, and business teams so they can work together to ensure timely access to critical data with minimal risk, while adhering to global data privacy regulations including the GDPR, CCPA and HIPAA.

S4 Medical

Venture Round in 2020
Sotera is a medical device company focused on innovative solutions for cardiac procedures. The company’s initial product is a solution for reducing complications to the esophagus during catheter ablation treatment for atrial fibrillation.It is commercializing a novel medical device designed to protect the esophagus during catheter ablation procedures.

Genetesis LLC

Series A in 2018
Genetesis LLC designs, develops, and provides biomagnetic imaging solutions. The company offers Genetesis CardioFlux, a mapping system that optimizes the detection, characterization, and treatment of cardiac rhythm disorders; and Faraday Analytical Cloud, a HIPAA-Compliant technology platform that manages the end to end data workflow for the CardioFlux Magnetocardiograph (MCG). Its systems also visualize electrical currents of heart in 3D. Genetesis LLC was founded in 2013 and is headquartered in Mason, Ohio.

eFuse

Seed Round in 2019
eFuse is a web & mobile application for the Esports & Video Game industry. eFuse allows individuals to establish their gaming identity and participate in the industry at all levels. Whether it be learning about the industry, networking with other like-minded individuals, or accessing opportunities like jobs & scholarships, eFuse has something for everyone.

ScriptDrop, Inc.

Series A in 2020
ScriptDrop’s technology platform enables connectivity across the healthcare ecosystem connecting patients, pharmacists, providers, and pharmaceutical manufacturers. The platform provides a seamless experience for patients, offering them prescription delivery in all 50 states and allowing for important additional services to be provided for better adherence. The company was founded in 2016 and is headquartered in Columbus, Ohio.

Wiretap

Series A in 2018
Aware is a cloud intelligence platform that adopts the latest advancements in cognitive computing, artificial intelligence, and behavioral analytics to amplify enterprise value by monitoring the social graph. They harness the power of their platform’s insights into human behavior and interactivity to create great value for the enterprise. They have only built a fraction of what they imagined and now they are looking for incredibly talented people to help us achieve their aspirational vision.

RXQ Compounding

Series A in 2018
RXQ Compounding, LLC manufactures and distributes sterile and non-sterile medications in the United States. The company offers sterile and non-sterile injectable products, veterinary medications, dermatologic creams and ointments, ophthalmic solutions, orthopedic steroids, and custom production products for hospitals. It sells its products online. The company was founded in 2014 and is based in Athens, Ohio.

Immuta

Series A in 2017
Immuta provides a cloud-native data governance platform for organizations to automate data access control, security and privacy compliance, ensuring each user who queries data sees only the data they’re supposed to see, for their approved purpose or role. The platform aims to create trust across data engineering, security, legal, compliance, and business teams so they can work together to ensure timely access to critical data with minimal risk, while adhering to global data privacy regulations including the GDPR, CCPA and HIPAA.

Enable Injections

Series B in 2018
Enable Injections, LLC develops a disposable body-worn bolus injector to deliver high viscosity/volume payloads to the subcutaneous tissue. The company’s system uses standard vial, syringe, or cartridge container closure; and automatically mixes lyophilized solutions. Its drug delivery system’s transfer package automatically warms the drug, and enables user to insert the container into the system, place the injector on the skin, and press the central button, as well as know the progress of the delivery through its viewing window, and then dispose the device. It also offers partial or multi-vial/syringe transfer systems for filling its LVWIs. The company was founded in 2010 and is based in Cincinnati, Ohio.

ConnXus

Series A in 2018
ConnXus supplier management solutions simplify the complexities of global supply chains and allow buyers to achieve their goals of responsible and sustainable sourcing. ConnXus is a NMSDC, CPUC, CAMSC and State of Ohio-certified minority-owned business enterprise based in Mason, Ohio with local, regional and international capabilities.

EmployStream

Series B in 2020
EmployStream is a hiring workflow automation software platform for staffing companies and other high-volume employers. It also creates high-quality, user-friendly for high-volume employers that automates the hiring and onboarding process for employers. The platform eliminates costly mistakes and delays allowing companies to hire up to 90% faster and at half the cost. The company provides an online hiring platform which offers different features such as paper onboarding, real-time alerting, online application, background checks, applicant pre & interview screening, and verification. EmployStream was founded in 2014 and is headquartered in Cleveland Ohio, USA.

Mezu

Venture Round in 2018
Mezu is a mobile payment app that gives you a private and secure way to give and get money without sharing your personal information. Just like cash, with Mezu, you can conveniently pay, tip, earn and donate safely and for free. Because Mezu believes that what you do with your money is your business. Mezu is now available on iOS and Android in the United States. Sign up and learn more: https://www.mezu.com.

Spirosure

Series C in 2016
Spirometrix is a California-based company, focusing on research, development, and commercialization of novel breath analysis devices for application in disease diagnosis and management. Founded in 2012, the company's mission is to provide cost-effective, non-invasive products for the management of chronic diseases such as asthma, COPD, and chronic pulmonary hypertension using a nexus of consumer technologies for preventative healthcare through our proprietary set of sensors and algorithms. The target of their first commercial product is a device that facilitates the diagnosis and management of airway inflammation (asthma) in the physician's office. The product under development is a novel diagnostic medical device to detect exhaled nitric oxide in the breath of a patient.

Immuta

Series B in 2018
Immuta provides a cloud-native data governance platform for organizations to automate data access control, security and privacy compliance, ensuring each user who queries data sees only the data they’re supposed to see, for their approved purpose or role. The platform aims to create trust across data engineering, security, legal, compliance, and business teams so they can work together to ensure timely access to critical data with minimal risk, while adhering to global data privacy regulations including the GDPR, CCPA and HIPAA.

EmployStream

Series A in 2019
EmployStream is a hiring workflow automation software platform for staffing companies and other high-volume employers. It also creates high-quality, user-friendly for high-volume employers that automates the hiring and onboarding process for employers. The platform eliminates costly mistakes and delays allowing companies to hire up to 90% faster and at half the cost. The company provides an online hiring platform which offers different features such as paper onboarding, real-time alerting, online application, background checks, applicant pre & interview screening, and verification. EmployStream was founded in 2014 and is headquartered in Cleveland Ohio, USA.

Complion

Series B in 2019
Complion platform offers tremendous benefits to every role in the clinical trial ecosystem. It allows administrators and research coordinators to more efficiently maintain compliance protocols. It unleashes investigators to explore potential innovation with fewer hassles. It streamlines crucial information that auditors and quality assurance personnel need and it permits collaborators and reviewers to more easily participate in clinical research.