Ohio Innovation Fund
Venture capitalDublin · Seed–Series A · 5 people tracked
Also known as OIF MANAGEMENT CORP. · OIF MANAGEMENT II, L.L.C.
Investment thesis
Ohio Innovation Fund invests in early-stage companies across artificial intelligence, medtech, AR/VR, cybersecurity, SaaS, and biotech. The firm positions itself as a trusted, hands-on partner that supports founders through key value inflection points, offering strategic insights, help with go-to-market strategy, key hires, and strategic partnerships. Beyond capital, OIF emphasizes long-term engagement and mentorship, including a Student Experience Program with a Shadow Day and Venture Boot Camp to develop the next generation of entrepreneurs and VC professionals.
Source: firm website, verified Aug 3, 2026.
Team · 5 people
from the firm's website & public directoriesWhat they invest in
from 25 of 33 portfolio companiesEnterprise Software ×9Healthtech ×8Medical Devices ×7SaaS ×7AI & Machine Learning ×6Biotech ×5Deep Tech ×4Cloud Computing ×3
HQs:United States×21
Investments · 33 tracked
founders shown can be your intro pathBiotechChagrin Fats, US
William Fuller(Executive Officer, Director)Emile Daod(Executive Officer, Director)Bill Baumel(Director)V. Kadir Kadhiresan(Director)Roy Tanaka(Director)
Board seatBill Baumel· per SEC Form D · $3.5M raise · filed Apr 2021
FenixPyre provides file-layer data protection for unstructured files to ensure data remains encrypted and unusable even when accessed with stolen credentials.
CybersecurityData & InfrastructureEnterprise SoftwareNew Albany, US
Tom Kwon(Executive Officer)C. Emre Koksal(Executive Officer, Director)
Board seatBill Baumel· per SEC Form D
Invirsa is a clinical-stage biopharmaceutical company developing DNA damage response therapeutics, with lead compound INV-102 in development for ocular conditions including sulfur mustard gas injury and diabetic dry eye disease.
BiotechDigital HealthMedical DevicesColumbus, US
Rachael Wingo(Executive Officer)Tim Willis(Director)Robert Shalwitz(Executive Officer, Director)Bethany George(Director)Michael Venerable(Director)
BoardWayne Embree(Director)
Board seatFaith Voinovich· per SEC Form D
Columbus, US
Jeffrey Daniel Schumann(Executive Officer, Director, Promoter)William Roy Baumel(Director)Matthew Marvin Huber(Director, Promoter)Mark Gaetano(Director)Michael Joseph Stubler(Director)Gregory Stephen Moran(Executive Officer, Director)
Board seatWilliam Roy Baumel· per SEC Form D · $12.1M raise · filed Oct 2018
Prescription delivery platform connecting pharmacies, patients, and couriers to improve medication access and adherence
HealthtechColumbus, US
Amanda Epp(Executive Officer)
Board seatBill Baumel· per SEC Form D
Employee onboarding automation platform that streamlines hiring processes and reduces onboarding time by up to 90%
Afference develops neurotechnology that enables remote sensory perception through wearable devices, allowing people at a distance to share tactile sensations.
AI & Machine LearningDeep TechHardwareHealthtechCleveland, US
Jacob Segil(Co-founder & CEO)inDustin Tyler(Co-founder & CTO)inTaylor Hurst(Director)
BoardTrevor Zimmerman(Director)
Mimecast provides a platform for securing humans, data, and AI within organizations.
AI & Machine LearningCloud ComputingCybersecurityEnterprise SoftwareArlington, US
Ranjan Singh(CEO)Michael Madon(Executive Officer, Director)Adam Fletcher(Director)Randy Altschuler(Director)Timothy Jackson(Executive Officer)
AI-powered security platform for enterprise collaboration tools that monitors communications and identifies compliance risks
Clarametyx develops novel immune-enabling therapeutics targeting bacterial biofilms to modify disease progression in patients with chronic respiratory diseases.
BiotechHealthtechMedical DevicesColumbus, US
David Richards(Executive Officer)Peter G. Kleinhenz(Director)Michael Layman(Director)William Baumel(Director)Wayne Embree(Director)Chuck Bramlage(Director)
PartnerFaith Voinovich· led
RealTime provides software systems for managing clinical trial operations across research sites, networks, academic medical centers, CROs, and sponsors.
Enterprise SoftwareHealthtechSaaSCleveland, US
Charles Stack(Director)Richard Lee Arlow(Executive Officer, Director)Dan McMullen(Director)Joseph Whang(Director)
Supplier diversity and procurement solutions platform connecting organizations with diverse suppliers
Coupa provides an AI-native platform for business spend management, covering procurement, finance, and supply chain operations for enterprises.
AI & Machine LearningEnterprise SoftwareFintechSaaS<UNKNOWN>, US
Jonathan Ebinger(Director)Scott Thompson(Director)Bryan Stolle(Director)Roger Siboni(Director)Jon Stueve(Executive Officer)Rob Bernshteyn(Executive Officer, Director)
DOmedia provides cloud-based software that connects buyers and sellers in the out-of-home advertising market, enabling agencies, media vendors, and local advertisers to efficiently purchase, manage, and sell billboard and transit advertising inventory.
AdTechB2B MarketplacesSaaSColumbus, US
Rich Langdale(Chairman/Founder)Thomas Heilman(Director)Mike Cooper(Executive Officer, Director)Alexandra Twyman(Director)David Fischer(Director)Kenneth Sahlin(Executive Officer, Director)
Enable Injections develops and manufactures enFuse, a wearable drug delivery device that delivers large volumes of pharmaceutical and biologic therapeutics subcutaneously for patients with chronic diseases.
BiotechHealthtechMedical DevicesCincinnati, US
Mike Hooven(Chairman, President and CEO)John Rice(Director)Timothy Flaherty(Executive Officer)Simone Song(Director)Karen Robards(Director)Richard J D'Augustine(Director)
AI hardware company developing silicon and optical solutions to optimize GPU training performance and reduce costs
BiotechMason, US
Peeyush Shrivastava(Chief Executive Officer)Manjit Singh(Vice President, Infrastructure Operations)Vineet Erasala(Vice President, Research and Development)Chandan Srivastava(Chief Financial Officer)Emmanuel Setegn(Vice President, Engineering)
Immuta provides data access and governance solutions that enable safe, instant provisioning of data at scale for humans and AI systems.
Data & InfrastructureEnterprise SoftwareAnnapolis, US
Sapan Shah(Director)Steven Touw(Director)Matthew Carroll(Executive Officer, Director)inMichael Schiller(Executive Officer, Director)
Ocular drug delivery technology company developing targeted medication delivery solutions for eye conditions
LENTECHS develops patented soft contact lens technology designed to deliver vision correction across all distances.
HealthtechMedical DevicesColumbus, US
Richard Lindstrom(Director)Robin Sears(Executive Officer, Director)Brad Beasecker(Executive Officer, Director)Richard Heinick(Director)Tyler Stowater(Director)
Microtechnology solutions company combining engineering expertise with advanced materials science for healthcare and electronics
Niobium develops a platform for encrypted computation using fully homomorphic encryption (FHE) that processes data while keeping it encrypted throughout its lifecycle.
AI & Machine LearningCloud ComputingCybersecurityDayton, US
Mark Yusko(Director)Kevin Yoder(Executive Officer, Director)Matthew Farrell(Executive Officer)Shane Wall(Director)Georgios Dimou(Executive Officer)Lucas Duncan(Executive Officer)
RealTime offers software systems for managing clinical trial operations, including site operations management, trial execution, and data analytics.
Digital HealthEnterprise SoftwareSaaS
S4 Medical manufactures esolution, an FDA-cleared medical device that protects the esophagus from thermal injury during catheter ablation procedures for atrial fibrillation treatment.
HealthtechMedical Devices
Respiratory diagnostics company specializing in FeNO measurement technology for asthma diagnosis and management
Stirling Ultracold manufactures ultra-low temperature freezers for laboratory and medical storage applications, using free-piston Stirling engine technology.
Deep TechHardwareMedical Devices
Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.
Frequently asked questions
- What stage does Ohio Innovation Fund invest at?
- Ohio Innovation Fund invests at the Seed, Series A stages.
- What is Ohio Innovation Fund's typical check size?
- Ohio Innovation Fund typically writes checks of $500K – $4M.
- What sectors does Ohio Innovation Fund focus on?
- Ohio Innovation Fund focuses on AI & Machine Learning, Biotech, Cybersecurity, Data & Infrastructure, Medical Devices, SaaS.
- Where is Ohio Innovation Fund located?
- Ohio Innovation Fund is headquartered in Dublin, US.
Media · Podcasts & interviews
featuring the team412th 1Mby1M Entrepreneurship Podcast With Bill Baumel, Ohio Innovation Fund - 1Mby1M Entrepreneu...
1Mby1M Roundtables · Bill
Ohio investor with 5 IPOs & 15 mega exits - Bill Baumel, Managing Director, Ohio Innovation Fund
VC10X with Prashant Choubey · Bill
574th 1Mby1M Roundtable with Bill Baumel, Ohio Innovation Fund
1Mby1M Roundtables · Bill
Season 5 Episode 7 - Bill Baumel, Ohio Innovation Fund
614startups · Bill
rF LiveBroadcast - Bill Baumel with the Ohio Innovation Fund
rebel Financial · Bill
Images
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