4/3/2023 0 Comments Columbus techForge plans to add 200 new jobs by 2023.Īttend the TechCrunch City Spotlight: Columbus event on Wednesday, June 1. Other notable raises include Forge Biologics’ $120 million Series B round, which was thought to be Ohio’s largest Series B to date. Root Insurance, which raised over $800 million since 2015, went public in 2020. in 2017 for $1.4 billion, which represents Central Ohio’s first $1 billion exit. Olive is now valued at over $4 billion and is among Columbus success stories like CoverMyMeds, a healthcare software company that was acquired by the McKesson Corp. So far in 2022, $110 million has gone into Columbus startups. That’s when investment essentially doubled, going from $583 million in 2020 to just over $1 billion, with half of those dollars going into two companies: healthcare technology company Olive and autonomous robotics company Path Robotics. Investment into the city startups started picking up around 2017 and really peaked in 2021. Venture capitalists injected over $3 billion into the city over the past 20 years, particularly in healthcare and insurance startups, according to Crunchbase data. ![]() It is steadily becoming an emerging tech scene in the Midwest where startups are finding all the tools needed to develop burgeoning businesses. Where the Olentangy and Scioto rivers come together lies the city of Columbus, Ohio, a bedrock town famously known as “Test City, USA,” boasting demographics that mirrored the country’s population, and the home of The Ohio State University.
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