JumpStart Ventures Announces First Close for NEXT Fund III
- Editor
- Mar 4
- 1 min read
Whats Happening:
JumpStart Ventures has successfully completed the first close of NEXT Fund III, raising nearly $25 million towards its $50 million target. The fund, supported by the State Small Business Credit Initiative (SSBCI) Ohio and other investors, aims to invest in Seed and Series A startups, building on JumpStart Ventures' track record of supporting high-growth startups and generating top returns for investors.
Key Moves:
JumpStart Ventures raises nearly $25 million in first close of NEXT Fund III
Fund targets $50 million total for investments in Seed and Series A startups
NEXT Fund III is JumpStart Ventures' third fund under its NEXT model and eighth overall
By The Numbers:
NEXT Fund III targets $50 million in total funding
JumpStart Ventures manages more than $200 million in assets
NEXT Fund III plans to invest in approximately 15 startups
Key Quotes:
"This close represents a significant step forward in supporting our region's most ambitious founders," said Hardik Desai, Managing Partner of JumpStart Ventures.
"With the backing of our committed partners, we are focused on providing the capital and resources needed to help founders scale their businesses and bring groundbreaking technologies to market."
Bottom Line:
JumpStart Ventures' successful first close of NEXT Fund III demonstrates continued momentum in supporting high-growth startups in Ohio and beyond. With a target of $50 million and plans to invest in about 15 startups, the fund is poised to make a significant impact on the region's venture capital ecosystem and drive innovation in technology sectors.
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