Rev1 Ventures backs startups beginning at proof-of-concept.
Rev1 Ventures this morning announced that it has raised $22 million for a new fund focused on seed-stage startups in Columbus, Ohio. Among the investors are local institutions like Ohio State University, Nationwide Mutual Insurance Co., Cardinal Health (CAH -0.40%), Worthington Industries (WOR -0.92%) and The Columbus Foundation.
The firm (f.k.a. TechColumbus) originally was formed in the late 1980s with a series of smaller seed funds, but began building out a network of services in 2014, under a new name and new fund led by CEO Tom Walker.
Fortune spoke briefly with Walker, to get a better understanding of what Rev1 is up to.
Read the full story at fortune.com.