Bizdom Cleveland has formed a venture capital fund that will invest only in companies within Cleveland’s city limits.
The downtown Cleveland-based business accelerator has raised nearly $6 million that will be used to finance high-tech startup companies. Half of the money came in the form of a loan from the Ohio Third Frontier, a technology-focused economic development program.
Some of the money will likely be used to make follow-on investments in companies that have graduated from the Bizdom accelerator, which provides startups with cash, assistance and office space in exchange for equity.
To read the original article: Bizdom forms venture capital fund to invest only in companies within Cleveland's city limits - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business
