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The Venture Codex

North Coast Venture Fund

1 St. Clair Avenue, #310, Cleveland, Ohio, 44114, United States

Overview

NCVF Northeast Ohio’s newest venture capital fund, is helping fill the region’s gap in later stage funding.

Total investments
2
Lead investments
0
Investments · 12mo
0
Active investors
0

Sector focus

  • Financial Services
  • Venture Capital
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Investment portfolio

  • AmpliFund

    Participated · Series A · Jun 2016

    StreamLink Software is a Cleveland, OH-based SaaS company that simplifies board and grant management tasks. Launched in 2008 and led by CEO Adam Roth, the company offers two products: BoardMax for engaging and communicating with board members, and AmpliFund, a grant management software platform. The company currently employs more than 40 people. StreamLink raised an additional $2.6m in equity and debt financing consisting of a $500k investment from JumpStart and $2.1m in venture debt from Silicon Valley Bank. That $2.6m is part of a larger $10m financing round led by First Analysis and North Coast Venture Fund, with participation from existing investors including Hyde Park Venture Partners, Hyde Park Angels, Blu Venture Investors and North Coast Angel Fund. StreamLink Software, founded in 2008 and based in Cleveland, OH, builds process management tools for nonprofit and public sector institutions. Its core products are AmpliFund, a grant management solution that captures grant information as data and automates activities across the grant lifecycle, and BoardMax, a board management portal for engaging and communicating with board members. The company is led by CEO Adam Roth. StreamLink closed a $10m Series A to further develop its products and accelerate growth in target markets. The funding will be used to expand product development and market reach within its target sectors. StreamLink Software provides software-as-a-service grant management and board management products for nonprofits and the public sector. Its products include AmpliFund, which manages the grant lifecycle from pre-award research and planning to post-award performance and reporting, and BoardMax, a board management platform. The company was founded in 2008 by Adam Roth and is based in Cleveland, OH. It works with hundreds of organizations around the country, including Ronald McDonald House Charities, Catholic Charities USA, Monroe Community College, College of Lake County, Christian Brothers University and the American Endowment Foundation. Financially, StreamLink has raised a $3.5M Series A and had previously announced $600k in funding in 2009. The company intends to use the new funds for product development, investments in new industry segments, and expansion of sales and marketing. StreamLink Software is a Cleveland, Ohio–based provider of nonprofit software management systems. Its core product is software for nonprofit management systems. In December 2009 the company raised $600,000 in a Series A round led by the North Coast Angel Fund, which complements a $100,000 Innovation Fund grant from the Lorain County Community College Foundation awarded in September. The new funds will enable the company to expand operations and accelerate its growth strategy. In conjunction with the financing the company added Dave Carpenter as Executive Vice President of Business Development and John Regal as Executive Vice President of Information Technology. StreamLink intends to add several people in sales, marketing and information technology in 2010.

  • OnShift

    Participated · Series D · Apr 2016

    OnShift is a Cleveland, Ohio-based developer of human capital management software for the long-term, post-acute care market. Santa Monica-based private equity investor Clearlake Capital led a strategic funding round in the company. Financial details of the strategic investment were not disclosed in the article. The provided article text is behind a paywall and cuts off before OnShift's full statement on the funding. No operating metrics, valuation, or use-of-proceeds were included in the available text. OnShift is a Cleveland, OH-based provider of cloud-based human capital management software and services for the healthcare industry. Led by CEO Mark Woodka, the company offers products for hiring, scheduling and workforce analysis tailored to post-acute care and senior living providers. Its offerings combine software and services to support hiring, workforce scheduling and analysis. Clients named in the article include Senior Living Communities, HCF Management, Altercare and Friendship Village. OnShift closed an $18M Series D and intends to use the funds to expand product development and accelerate sales and marketing. OnShift offers SaaS and mobile staff scheduling and labor management software designed for long-term care and senior living providers. Its platform predicts and prevents overtime and understaffing, reduces time spent on scheduling and managing open shifts, and integrates with time-keeping, HR, clinical, and payroll systems. The company reports growth to over 1,000 customer sites in the past year. Market demand has been driven by Medicare and Medicaid reimbursement cuts, Affordable Care Act changes, and an aging population, which have increased provider focus on labor costs. OnShift plans to use new financing to accelerate research and development and expand sales and marketing to increase its presence in the healthcare market. Management positions the product as an easy-to-use scheduling solution with a tightly integrated communications platform that delivers fast ROI. OnShift develops web-based staff scheduling and shift management software for long-term care and senior living providers. Led by CEO Mark Woodka and based in Cleveland, OH, the product integrates with time-keeping, HR, clinical and payroll systems. It helps customers control labor costs by preventing overtime, managing open shifts and maintaining appropriate staffing levels. The software predicts and prevents overtime and understaffing while dramatically reducing time spent on scheduling and managing open shifts. The company plans to use new capital to accelerate sales and marketing and expand its presence in the healthcare industry. OnShift offers web-based staff scheduling and shift management software for long-term care companies and other healthcare organizations. Its platform is designed to reduce labor costs by preventing overtime, mitigate regulatory compliance risk, and improve efficiencies through automated scheduling and open shift management. The company is Cleveland, Ohio–based and serves healthcare employers seeking to optimize workforce scheduling. OnShift closed a $2.3M venture capital financing to support its growth. The company intends to use the funds to accelerate sales and marketing efforts and increase its market share in the healthcare industry. In conjunction with the funding, Michael Stubler of Draper Triangle Ventures will join OnShift’s Board of Directors.

Team

No current team members are available.