Service Provider Capital

Service Provider Capital is a venture capital firm founded in 2014 and based in Golden, Colorado. The firm focuses on co-investing in series A deals led by institutional venture funds, primarily targeting seed-stage companies across various sectors, including artificial intelligence, machine learning, blockchain, cybersecurity, e-commerce, education technology, fintech, hardware, information technology, robotics, and healthcare. In addition to its general investment strategy, Service Provider Capital manages the Midwest Fund I and Fund II, which concentrate on software and healthcare technology systems in the Midwest region of the United States. The firm typically prefers to take minority stakes in its investments and engages in syndication to diversify its portfolio.

Patrick Cerone

Managing Director

Edward B. Hill

Managing Director

Ned Hill

Managing Director

Lori Pickle

Managing Director

Jody Shepherd

Co-Founder and Managing Director

Past deals in Ohio

Deep Lens

Series A in 2019
Deep Lens is a provider of a digital pathology workflow platform intended to allow pathology groups to collaborate on groundbreaking cancer research. The company's platform includes AI-powered image detection and workflow support, collaboration, cloud storage, and built-in APIs for the ingestion of third-party AI models and integration to EMR, LIMS, and other systems, helping patients, pathologists, and physicians work together to accelerate and optimize treatment. Founded in 2017, Deep Lens is headquartered in Columbus, Ohio.

Complion

Series B in 2019
Complion Inc. is a developer of a web-based document and workflow management platform tailored for clinical research sites, academic medical centers, hospitals, health systems, and contract research organizations. The platform enables secure and compliant management of regulatory documents and administrative tasks, providing features such as document tracking, e-signatures, and real-time compliance insights. It facilitates various aspects of clinical trials, including study startup, amendment processing, safety reporting, and training, while ensuring high data security. Complion's solutions streamline information for auditors and quality assurance personnel, enhancing collaboration among researchers and sponsors. The company also offers customer support, training resources, and a searchable online help center to assist users. Founded in 2012 and headquartered in Cleveland, Ohio, Complion was previously known as RegBinder, Inc. before rebranding in 2013.

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.

OROS

Seed Round in 2018
OROS Apparel specializes in manufacturing warm outdoor winter jackets for both men and women, utilizing innovative insulative technology to enhance performance. The company's patented Solarcore technology, derived from NASA's Aerogel used in space suits and Mars Rovers, allows for the creation of outerwear that is thinner, warmer, and more flexible. By integrating this advanced material into their designs, OROS provides jackets with waterproof outer shells and zippers, ensuring durability and comfort in harsh weather conditions. Founded in 2013 and based in Cincinnati, Ohio, OROS operates primarily through online sales channels, catering to a market that values high-quality, functional outdoor apparel.

The Mom Project

Seed Round in 2018
The Mom Project, Inc. is a digital marketplace that connects women with companies seeking to fill various roles across fields such as marketing, finance, technology, and project management. Founded in 2015 and based in Cincinnati, Ohio, the platform serves a community of over 275,000 professionals and more than 2,000 companies, focusing on helping mothers stay active in the workforce. The Mom Project not only provides job opportunities tailored to the needs of working mothers but also offers companies insights into their workplace practices regarding women, along with recommendations to improve conditions for mothers and their employees. By facilitating connections and advocating for better workplace policies, The Mom Project aims to create a more supportive environment for women and redefine career trajectories that align with their personal goals.

MentorcliQ

Funding Round in 2018
MentorcliQ, Inc. is a provider of employee mentoring software designed to enhance employee engagement, development, and retention. Founded in 2012 and based in Columbus, Ohio, the company offers a cloud-based platform that facilitates the recruitment, enrollment, matching, management, and measurement of mentoring participants. Its system allows organizations to create customized mentoring programs, fostering meaningful mentor-mentee relationships with structured support and guidance. MentorcliQ also provides real-time dashboards and printable reports, enabling businesses to track metrics and share insights with leadership. The company serves a diverse clientele, including Fortune 500 companies and regional non-profits, both in the United States and internationally, and offers additional training, support, security, and integration services to enhance user experience and program effectiveness.

Losant

Series A in 2018
Losant IoT, Inc. operates an Internet-of-Things (IoT) developer platform that facilitates the management, collection, and visualization of real-time data from connected devices. Founded in 2015 and headquartered in Cincinnati, Ohio, the platform enables users to track equipment, manage fleets, prevent theft, maintain inventory, and monitor shipments in real-time. Losant also offers a range of developer kits, such as sensor kits and bundled hardware and software solutions, to assist makers in creating IoT products. Additionally, the company provides the Losant Go mobile application, which allows users to activate workflows through their mobile devices. Losant supports various applications, including asset tracking, connected products, home healthcare, logistics, smart cities, and smart retail, making it a versatile tool for organizations seeking to leverage IoT technology.

Losant

Series A in 2018
Losant IoT, Inc. operates an Internet-of-Things (IoT) developer platform that facilitates the management, collection, and visualization of real-time data from connected devices. Founded in 2015 and headquartered in Cincinnati, Ohio, the platform enables users to track equipment, manage fleets, prevent theft, maintain inventory, and monitor shipments in real-time. Losant also offers a range of developer kits, such as sensor kits and bundled hardware and software solutions, to assist makers in creating IoT products. Additionally, the company provides the Losant Go mobile application, which allows users to activate workflows through their mobile devices. Losant supports various applications, including asset tracking, connected products, home healthcare, logistics, smart cities, and smart retail, making it a versatile tool for organizations seeking to leverage IoT technology.

Spatial.ai

Seed Round in 2016
Spatial Labs, Inc. is a software company that specializes in integrating social layers into maps through a combination of human-driven analysis and machine-assisted technology. The firm develops solutions that enhance travel booking by embedding relevant information directly into existing maps, while also providing local insights through data analysis. Spatial Labs offers Xéro, a tool that incorporates spatial data into AI assistants for in-ear and in-vehicle use, enabling users to obtain answers to their questions. Additionally, the company focuses on urban planning by revealing the human aspects of cities. Founded in 2016 and based in Cincinnati, Ohio, Spatial Labs serves various industries, including travel booking, real estate, urban planning, and mobility. The company emphasizes the importance of human experience in data interpretation, employing ethnographic research techniques to reconnect data with its origins in human interactions.
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