Participated · Equity · Jun 2019

MentorcliQ builds employee mentoring software and white-glove services that help companies design, run and measure mentoring programs. Its platform lets employers run multiple mentoring programs from a single interface, create participant profiles, control program participation, choose matching rules, and view metrics such as participation, engagement and mentoring activity. The company emphasizes a population-optimized matching algorithm that calculates match scores across potential relationships while factoring matching rules, timing, turnover, new hires and other program-configurable variables. Founded after Phil George left his role in 2012 to team up with Andy George and Miles Ulrich, MentorcliQ grew its customer base to hundreds of companies, with the pandemic accelerating adoption. The company closed an over-$80 million growth investment from PSG with participation from Rev1 Ventures and Plymouth Growth, bringing total funding to more than $100 million. MentorcliQ plans to use the funding for product development and to ramp customer acquisition; it recently hired a new chief revenue officer and plans to expand its roughly 120-person team over the next 12 months. MentorcliQ is a relationship-based employee mentoring platform that helps companies run mentoring, onboarding, high-potential, and D&I programs. The platform serves over 2 million employees across more than 100 countries and supports customers from 300 to over 300,000 employees, including multiple Fortune 500 firms. MentorcliQ reports revenue growth of 3X over the past three years and cites program outcomes of a 30–60% increase in employee retention within participating segments. The company is based in Columbus, Ohio, and earlier this year acquired mentor training and talent development firm TERP Associates. MentorcliQ plans to more than double its headcount over the next 18 months and will use new capital to expand product innovation, market development, and customer success.

Participated · Series B · Feb 2019

Complion is a Cleveland, Ohio–based provider of eRegulatory and document management software for clinical research sites. Led by founder and CEO Rick Arlow, the company provides solutions for sites, health systems, academic medical centers and cancer centers. Its core product is an eRegulatory and document management platform aimed at helping sites manage regulatory compliance and documentation. The company secured $7M in Series B funding to continue development of its site eRegulatory solution. Complion intends to use the funds to extend its leadership position in the site regulatory compliance market and further invest in solutions to transform the burdensome and critical task of ensuring clinical research site regulatory compliance. Bill Baumel from the Ohio Innovation Fund will join the Complion board in conjunction with the round.

Participated · Seed · May 2018

Rapchat is a Columbus, Ohio–based music-making app founded in 2015 by CEO Seth Miller that enables anyone—particularly rappers and hip-hop artists—to create music on their phone. Users select from thousands of beats, record vocals, and apply editing tools like voice effects and mastering to produce tracks. Completed tracks can be shared privately, within the Rapchat community, or to social channels such as Instagram and TikTok. The company recently launched its core studio product and plans to offer premium subscribers additional studio-quality tools and the ability to publish directly to streaming platforms to monetize content. Rapchat graduated the 500 Startups accelerator in 2018. It raised an additional $2.3M led by Adjacent, bringing total funding to date to $4M, and intends to deploy the new capital to hire across engineering, product, and marketing. Rapchat is a mobile app that enables rap enthusiasts to record, collaborate and connect with seasoned and aspiring stars through a combined mobile recording studio and social network. The platform is Columbus, OH–based and was co‑founded by Seth Miller (CEO) and Pat Gibson (CMO). Rapchat reports over 70,000 raps recorded every day and more than 100 million listens to date. The company added former musical.ly North America President Alex Hofmann to its board. It intends to use the new funds to continue to expand operations. The product focuses on lowering barriers to music creation and social collaboration for rap artists and fans.

Participated · Seed · Aug 2017

3Bar Biologics is a Columbus, OH–based company that provides a delivery system for beneficial, naturally occurring microbes to improve crop quantity and quality. Its first commercially available product, Bio-YIELD®, is a patented delivery system that leverages living microorganisms to stimulate a plant’s defense. The company says Bio-YIELD® optimizes the chances for greater yield across a broad range of growing conditions. Led by CEO Bruce Caldwell, 3Bar targets farmers seeking to boost crop performance through biological solutions. The company intends to use the newly raised funds to broaden availability of its offering.

Participated · Series A · May 2013

nChannel develops a cloud-based multi-channel management platform for retailers and wholesalers. Its suite includes transaction synchronization, order management, item catalog syndication and master data management delivered via a web-based subscription model. The platform is designed to help companies manage sales processes for both wholesale and consumer channels. The company plans to use proceeds from the Series A to launch new products, increase internal resources, expand customer support, and grow adoption through direct sales and its partner network. The $2.4M Series A, closed in February 2013, provides growth capital to execute these plans. The company is led by CEO Steve Weber and is based in Columbus, Ohio.