Rocket Ventures: Fueling the Success of Northwest Ohio's Technology-Based Companies
Founded in 2007, Rocket Ventures is a venture capital firm that helps drive the success of technology-based companies in Northwest Ohio by providing capital and commercialization assistance. Located at 300 Madison Avenue, Suite 270 in Toledo, OH, Rocket Ventures has built a reputation as a valuable resource for early-stage tech companies in the region.
According to their LinkedIn profile, Rocket Ventures works with signed client companies that are eligible for funding consideration. These companies automatically gain access to their professional team, who offer unparalleled knowledge and assistance in launching early-stage tech companies. The team at Rocket Ventures has a proven track record of success, helping startups in the region to grow and thrive.
The funding arm of Rocket Ventures, known as the Rocket Venture Fund, LLC, was capitalized in 2007 with $7.5 million of private funds from Northwest Ohio investors and $6 million from a State of Ohio Third Frontier grant award. The funds are still available for additional investment activity, and most of the funding deals take the form of an equity position. Funds are released in tranches based on milestone achievements, ensuring that companies are making progress before receiving additional financial support.
Rocket Ventures often co-invests with other venture capital funds, leveraging greater funding and commercialization assets for company success and investment exit. This collaborative approach enables the firm to provide even more support to technology-based companies in Northwest Ohio, helping them to achieve their full potential.
In addition to providing funding, Rocket Ventures also offers pre-investment funds for prototype development, technology validation, and other technology and market development work. This support helps startups to refine their products and services before seeking investment, increasing their chances of success in the competitive tech industry.
Rocket Ventures works in partnership with Northwest Ohio's Edison Technology Incubator, which is operated by the University of Toledo. This partnership has enabled the firm to fund work on behalf of client companies by third-party providers based in Ohio. This powerful resource has allowed several companies in Rocket Ventures' portfolio to leverage grant funding, institutional investment, and even strategic partnerships and customers.
With a focus on venture capital and private equity principals, Rocket Ventures plays a crucial role in supporting the growth and success of technology-based companies in Northwest Ohio. For more information on the company and their services, visit their website at http://rocketventures.org/.