Regional Investment activity Increases Between 2007-2011, 226 Greater Cleveland companies collectively attracted $961 million—a 133% increase in deals and a 26% increase in dollars for the region when compared to the previous five years (2002-2006).
2007-2011
Over the last five years, Northeast Ohio startups raised capital from 134 equity investors; 67% of these investors were based outside of Ohio. During that same timeframe, 16 regional venture-backed companies exited, in deals worth a total of $2.6 billion. Return-generating exits
2002-2006
include the acquisition of Edgepark Medical Supplies for $850 million (2010) and the acquisition of Solon-based MemberHealth Inc. for $630 million (2007). In addition, there were 21 other exits whose amounts were undisclosed.
Clients of the region’s eight
NUMBER OF DEALS
Entrepreneurial Signature Program
DOLLARS INVESTED
incubators and accelerators represent
203 $ 761M
472 $961M [133% INCREASE]
[26% INCREASE]
71% (162) of the companies successfully attracting VC and angel capital and 51% ($506 million) of the equity dollars raised in Northeast Ohio in the last five years. The Ohio Third Frontier and the Ohio Capital Fund continue to provide capital and other support critical to increasing private investment and accelerating the growth of early stage tech companies in the Ohio.
Total Equity Investments by stage
86
2007-2011 (dollars in millions)
$
seed
479
$
early
growth
158seed Number of companies
Dollars Invested Average Deal Size:
396
$
91early
$
0.34 million seed, $2.84 million early and $7.92 million growth
31 growth