Rev1 Ventures Backs New Angel Fund 71/70 Angels in Columbus
Funding | Feb 26, 2025 | Rev1 Ventures
The article reports on the launch of a new angel investment fund, 71/70 Angels, in Columbus, Ohio, which is backed by Rev1 Ventures. The fund aims to provide financial support to early and seed-stage software and advanced technology startups in Central Ohio, contributing to Columbus's ambition to become a regional tech hub. Rev1 Ventures, a known fund manager, will oversee 71/70 Angels' investments. One notable investor in this fund is Phil George, CEO of MentorcliQ, a mentoring software company. Despite public awareness of the fund's existence, specific financial details and a full list of investors remain undisclosed.
Sectors
- Venture Capital & Private Equity
- Technology & Software
Geography
- Columbus, Ohio, USA – The angel investment fund is launched in Columbus, Ohio, targeting startups in the Central Ohio region.
- Midwest, USA – The article mentions the challenges of raising capital in the Midwest, which highlights the broader geographical context.
Industry
- Venture Capital & Private Equity – The article discusses a new angel investment fund backed by Rev1 Ventures, which is a private equity participant in startups.
- Technology & Software – The fund is aimed at investing in software and advanced technology startups, indicating the relevance of the technology sector.
Financials
- Undisclosed – The dollar figures and a full list of investors in the 71/70 Angels fund have not been made public.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Rev1 Ventures | Fund Manager | Company | Rev1 Ventures will manage the new angel fund 71/70 Angels, providing investments to startups. |
| 71/70 Angels | New Angel Fund | Company | 71/70 Angels is the new investment fund aiming to back early-stage software and tech startups. |
| Phil George | Investor | Person | Phil George, CEO of MentorcliQ, is an investor in the 71/70 Angels fund. |
| MentorcliQ | Company of an Investor | Company | MentorcliQ is a Columbus-based mentoring software company whose CEO is investing in the fund. |