Ohio Innovation Fund
Venture capitalDublin · Seed–Series A · 4 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 25, 2026.
Team · 4 people
from public directories
What they invest in
from 25 of 31 portfolio companiesHealthtech ×9SaaS ×9Enterprise Software ×8AI & Machine Learning ×6Biotech ×6Medical Devices ×6Deep Tech ×4Hardware ×4
HQs:United States×22United Kingdom×1
Who they back
founder profiles across 15 portfolio companiesFounding team size:solo founder×122 founders×3
Investments · 31 tracked
founders shown can be your intro pathBy year:2025 · 12024 · 22023 · 32021 · 12019 · 22017 · 22016 · 12015 · 113 dated
BiotechChagrin Fats, US
William Fuller(Executive Officer, Director)Emile Daod(Executive Officer, Director)
BoardV. 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
Harihara Varma Indukuri(Founder)Tom Kwon(Executive Officer)C. Emre Koksal(Executive Officer, Director)
Board seatBill Baumel· per SEC Form D
Co-investorsDundee Venture CapitalFirst Leaf CapitalGeometry Venture DevelopmentJobsOhio Ventures
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
Robert Shalwitz(Executive Officer, Director)inRachael Wingo(Executive Officer)
BoardWayne Embree(Director)Tim Willis(Director)Bethany George(Director)in
Board seatFaith Voinovich· per SEC Form D
Co-investorsCincyTechJobsOhio VenturesJumpstart VenturesRev1 Ventures
Columbus, US
Jeffrey Daniel Schumann(Executive Officer, Director, Promoter)Matthew Marvin Huber(Director, Promoter)Mark Gaetano(Director)Gregory Stephen Moran(Executive Officer, Director)
BoardMichael Joseph Stubler(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
Co-investorsJumpstart CapitalJumpstart VenturesPixel Perfect Ventures
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)in
BoardTaylor Hurst(Director)inTrevor Zimmerman(Director)in
Co-investorsAnthropy PartnersCWRU Technology VenturesEvolution VC PartnersHannah Grey VenturesJobsOhio VenturesKonvoy Ventures+5 more
Alviere provides a financial technology platform that enables enterprises to embed branded financial products into customer experiences.
Enterprise SoftwareFintechSaaS
Co-investorsAlumni VenturesBasecamp FundCommerzVenturesDraper TriangleEastward Capital PartnersJumpstart Ventures+2 more
AI-powered security platform for enterprise collaboration tools that monitors communications and identifies compliance risks
Co-investorsCherry VenturesDraper TriangleJobsOhio VenturesJumpstart Ventures
Bullhorn provides recruitment and staffing software, including an AI suite called Amplify, that unifies clients, candidates, and jobs for staffing agencies of all sizes.
AI & Machine LearningHR TechSaaSBoston, US
Art Papas(Founder & CEO)
Co-investorsInsight PartnersGenstar CapitalStone PointGenstar
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)Chuck Bramlage(Director)Larry Edwards(Director)Michael Triplett II(Director)
PartnerFaith Voinovich· led
Co-investorsCincyTechJobsOhio VenturesRev1 Ventures
RealTime provides software systems for managing clinical trial operations across research sites, networks, academic medical centers, CROs, and sponsors.
Enterprise SoftwareHealthtechSaaSCleveland, US
Richard Lee Arlow(Executive Officer, Director)
BoardCharles Stack(Director)Joseph Whang(Director)Dan McMullen(Director)
Co-investorsBeringeaJobsOhio VenturesJumpstart Ventures
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 SoftwareFintechSaaSSan Mateo, US
Jon Stueve(Executive Officer)Rob Bernshteyn(Chief Executive Officer & Chairman)in
BoardJonathan Ebinger(Director)inBryan Stolle(Director)inNeeraj Agrawal(Director)inCharles Beeler(Director)
Co-investorsBattery VenturesBright Pixel CapitalCapitalGCraft VenturesCrosslink CapitalElevate Innovation Partners+12 more
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)Mike Cooper(Executive Officer, Director)Kenneth Sahlin(Executive Officer, Director)
BoardChristopher Harris(Director)inThomas Heilman(Director)Alexandra Twyman(Director)
Co-investorsNCT VenturesJobsOhio VenturesAdvantage Capital Partners
eFuse is an AI-powered platform that helps brands and advertisers reach gaming audiences through insights, media solutions, and gaming expertise.
AdTechAI & Machine LearningGamingColumbus, US
Matthew Benson(CEO and President)Patrick Klein(Treasurer)Jordan Benson(Secretary)
Co-investorsJobsOhio Ventures
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)Timothy Flaherty(Executive Officer)Simone Song(Director)Karen Robards(Director)Richard J D'Augustine(Director)Norman R. Weldon(Director)
Co-investorsAngel Physicians FundCincyTechLightship CapitalMagnetar AI VenturesVersant Ventures
Eridu develops networking infrastructure optimized for artificial intelligence workloads.
AI & Machine LearningCloud ComputingDeep TechHardwareSaratoga, US
Drew Perkins(CEO and founder)inChristian Gallagher(Director)Jagdeep Singh(Director)Omar Hassen(Director)Dipender Saluja(Director)Brian Kinard(Executive Officer)
Co-investorsBosch VenturesCatapult VenturesMatter Venture PartnersSocratic PartnersZelda VenturesBlack Opal Ventures+12 more
BiotechMason, US
Peeyush Shrivastava(Chief Executive Officer)Manny Setegn(Cofounder)inManjit Singh(Vice President, Infrastructure Operations)Vineet Erasala(Vice President, Research and Development)Chandan Srivastava(Chief Financial Officer)Emmanuel Setegn(Vice President, Engineering)
Co-investorsCincyTechJobsOhio VenturesRaptor Group
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
Steven Touw(Director)inMatthew Carroll(Executive Officer, Director)inMichael Schiller(Executive Officer, Director)
BoardSapan Shah(Director)
Co-investorsConversion CapitalDrive CapitalGreycroftIntel CapitalMarch Capital PartnersNightDragon+6 more
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)inBrad Beasecker(Executive Officer, Director)inRichard Heinick(Director)Tyler Stowater(Director)
Co-investorsJobsOhio VenturesRev1 Ventures
Microtechnology solutions company combining engineering expertise with advanced materials science for healthcare and electronics
Niobium builds an encrypted cloud computing platform based on fully homomorphic encryption (FHE), keeping data encrypted while in use.
Cloud ComputingCybersecurityDeep TechDayton, US
Jorge Myszne(Executive Officer)Kevin Yoder(President & CEO)Matthew Farrell(Executive Officer)Georgios Dimou(Executive Officer)Lucas Duncan(Executive Officer)David Archer(Executive Officer, Director)
Co-investorsFusionJobsOhio VenturesSilicon CatalystMorgan Creek Capital
Mimecast provides email security, data loss prevention, cloud archiving, and human risk management products used by organizations to protect communications and data.
AI & Machine LearningCloud ComputingCybersecurityEnterprise SoftwareSaaSLondon, GB
Michael Madon(Executive Officer, Director)Peter Bauer(Founder)inTimothy Jackson(Executive Officer)Ranjan Singh(CEO)Marc van Zadelhoff(CEO)
BoardAdam Fletcher(Director)
Co-investorsAccelCyber Mentor FundEquality Asset ManagementFloodgateGlilot Capital PartnersJobsOhio Ventures+5 more
RealTime provides software systems for managing the research and business operations of clinical trials, including a CTMS, eRegulatory, eSource, eConsent, and payment tools.
Digital HealthHealthtechSaaS
Rick Greenfield(Founder & Chief Strategy Officer)Jeff Kozloff(Chief Executive Officer)Linda Parks(Chief Operating Officer)Kyle Cunningham(Chief Product Officer)Allan Hakky(Chief Technology Officer)
S4 Medical develops the esolution device, a technology intended to protect the esophagus from ablation energy during cardiac ablation procedures.
HealthtechMedical Devices
Bill Fuller(CEO and Co-founder)inEmile Daoud(Co-founder, Chief Medical Officer, and Co-inventor)
Co-investorsAngel Physicians FundJumpstart Ventures
Respiratory diagnostics company specializing in FeNO measurement technology for asthma diagnosis and management
Stirling Ultracold builds ultra-low temperature (ULT) freezers based on free-piston Stirling engine technology, offering high-density storage with lower energy consumption than conventional units.
BiotechCleantechHardwareAthens, US
Co-investorsJobsOhio Ventures
Trace is a platform for creating and publishing augmented reality experiences across retail, events, training, and real estate.
Deep TechEnterprise SoftwareSaaSColumbus, US
Martin Smith(Director)Melinda Gloriosa(Director)Gregory Tran(Executive Officer)
Co-investorsAllied Venture PartnersPortland Seed FundService Provider Capital
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.
Portfolio news
latest coverage across their companies
Coupa · fortuneindia.com · Jul 17, 2026
Immuta · immuta.com · Jul 16, 2026
Invirsa Inc. · leadsontrees.com · Nov 6, 2025
Alviere · trysignalbase.com · Jul 31, 2025
Frequently asked questions
- How many investments has Ohio Innovation Fund made?
- Ohio Innovation Fund has 28 tracked investments, including 1 dated in the last 24 months.
- 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.
- Who does Ohio Innovation Fund co-invest with?
- Ohio Innovation Fund most often shares deals with JobsOhio Ventures, CincyTech, Jumpstart Ventures, among 71 tracked co-investors.
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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