Venture capital veteran Mark Kvamme is launching a new $500 million investment fund called the OHIO Fund, in partnership with Ray Leach of JumpStart Ventures. The fund aims to accelerate economic growth within Ohio by investing in local companies, investment funds, real estate, and infrastructure projects. Modeled after Singapore's Temasek, the OHIO Fund will consist of two parts: a $375 million evergreen fund and a $125 million impact fund. This venture marks Kvamme's return to fundraising after stepping back from Drive Capital, with a formal separation agreement in place to avoid direct competition. AI
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IMPACT N/A
RANK_REASON Significant new fund launch by a prominent venture capitalist. [lever_c_demoted from significant: ic=1 ai=0.1]
