Description
Rev1 Ventures is a venture development studio and early-stage investor headquartered in Columbus, Ohio, USA, that helps founders accelerate innovation, validate customers, build teams, and access capital. It combines capital through multiple funds with hands-on strategic services, deeply rooted in the Midwest ecosystem and supported by corporate, community, and state partners.
Pre-Seed / Seed: Core focus via funds like Future Value Fund I & II (pre-seed and seed) targeting regional tech startups.
Series A: May participate via follow-ons with co-investors; Rev1’s primary activity remains early stage.
Accelerator Pathway: Programs such as Customer to Capital Accelerator prepare founders to raise institutional rounds.
Typical Check Size: Varies by fund (e.g., Rev1’s Future Value Funds have ~$6M total capital for ~10 companies), so individual checks can range from mid-five figures to low seven figures depending on round and syndication.
Typical Ownership Taken: Rev1 does not publicly list a standard % equity target for seed/post-seed investments.
• Industry Norm Inference: Early-stage institutional investors writing $300K–$1M+ checks at seed typically take ~4%–12% equity ownership depending on valuation, lead/co-investor role, and round dynamics. (Inferred based on standard seed practices for funds of similar size and stage.)
• Ownership Style: Minority, non-controlling positions, with governance and observer rights negotiated per deal; Rev1 often participates alongside other venture or angel groups. (Inferred since detailed % targets aren’t disclosed publicly.)
Board/Governance: As a meaningful early investor, Rev1 may take a board seat or observer role in some deals when significantly participating. (Standard for lead/co-lead positions.)
Submission Method: Founders can apply through Rev1’s online application portals for accelerator programs or engage with the Rev1 team for investment consideration.
Lead Requirement: Rev1 can lead/co-lead rounds or invest alongside other investors; warm intros and regional ecosystem connections help. (Inferred from venture studio + fund model.)
Review Cadence: Rolling review aligned with fund deployment plans.
Eligibility
Sector Focus: Broad in tech — enterprise software, AI/ML, digital health/healthcare IT, HR tech, insurtech, advanced technologies with regional strengths.
Geography: Strong emphasis on Ohio (Central, Northeast, Southwest) startups, but open to broader Midwest deals with strategic fit.
Stage: Pre-seed and seed; accelerator tracks focus on customer validation ahead of formal funding.
Company Profile: Venture-scale startups with growth potential and early traction/validation.
Team: Founders with credible execution ability and commitment to scale.
Process
Initial Intake: Review of pitch deck, team, traction, and thesis alignment.
Customer Traction Validation: Focus on early customer signals and product validation.
Partner Diligence: Standard early-stage diligence on market, product, team, and growth path.
Terms Negotiation: Equity and governance terms negotiated to balance runway and cap-table health.
What an Applicant can Obtain
Strategic Capital: Seed/pre-seed capital from Rev1’s funds and syndicates.
Accelerator Support: Access to structured programs like Customer to Capital and ecosystem support for building traction.
Network Access: Connections to corporate partners, research institutions (e.g., Ohio State University), angels, and follow-on VCs.
Follow-On Support: Visibility to co-investors and future institutional rounds.