JumpStart Inc. of Cleveland reported hitting a significant milestone as 2018 comes to a close: The business accelerator has crossed the $50 million threshold in total pre-seed and seed venture capital investments in companies since it was launched in 2004.
Indeed, JumpStart said in a news release on Thursday morning, Dec. 20, that it "has deployed a total of $51.5 million in capital into 114 companies" in the last 14 years. The milestone figure "follows a record-setting year for the JumpStart investing team, which deployed nearly $8 million in fiscal year 2018, the most capital ever invested by the organization in a single fiscal year," the organization said in a release.
