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JumpStart Ventures

JumpStart Ventures backs transformative tech startups, delivers top quartile returns and drives economic impact in Ohio.

Cleveland, OH, USA

Description

JumpStart Ventures is the venture capital arm of JumpStart Inc., a nonprofit community development organization based in Cleveland, Ohio. JumpStart is a central hub for entrepreneurship in Northeast Ohio, providing capital, services, and connections to accelerate the growth of high-potential, diverse-led startups. 
  • Pre-Seed & Seed: This is the primary focus. They specialize in being the first or an early institutional check in a company's lifecycle.
  • Follow-on Capacity: JumpStart maintains funds with capacity to provide follow-on capital through Series A and B stages for top-performing portfolio companies. 
  • Method: Founders can apply through the JumpStart online application portal for both advising services and capital consideration.
  • Advisory First: Often, the application process begins with enrollment in their advising programs, which helps vet the company for potential funding readiness. 

Eligibility

  • Geography: Strong preference for companies operating in Northeast Ohio (specifically the 25 counties they serve).
  • Sectors: High-growth technology sectors including SaaS, HealthTech, Advanced Manufacturing, FinTech, and Energy/CleanTech.
  • Diversity & Inclusion: As a mission-driven firm, JumpStart strongly prioritizes supporting diverse founders (women, people of color, LGBTQIA+, veterans). 

Process

  1. Intake & Advising: Initial screening is done by the advisory team to determine the best path (advising, capital, or both).
  2. Investment Committee: Companies seeking funding present to an internal investment committee that meets regularly.
  3. Due Diligence: A thorough evaluation of the business model, team, and technology is conducted.
  4. Portfolio Services: Once funded, companies receive access to a robust platform of services, including executive recruiting, strategic planning, and GTM assistance. 

What an Applicant can Obtain

  • Strategic Capital: Access to funding designed to de-risk early-stage ventures.
  • Advisory Services: Equity-free, one-on-one coaching and technical assistance (a non-dilutive benefit).
  • Executive Talent: Connections to C-suite talent for hiring needs through their robust network.
  • Follow-on Financing: A strong track record of helping portfolio companies raise subsequent rounds from regional and national VCs.