About This Fund
The Ohio High Growth Investment Opportunities Fund is an evergreen venture and growth equity fund managed by The O.H.I.O. Fund, a private fund investment adviser based in Columbus, Ohio, co-founded in 2024 by Mark Kvamme and Ray Leach. Designed as a continuously open evergreen vehicle, the fund is accessible to institutional investors, family offices, and Ohio-focused allocators seeking exposure to early-stage and growth-stage innovation companies within the state. The Ohio High Growth Investment Opportunities Fund forms part of The O.H.I.O. Fund's dual-fund platform, which together raised over $238 million in its first year of operation.
The fund focuses on early-stage and growth investments in innovative Ohio-based entrepreneurs and businesses, with a differentiated thesis centered on leveraging Ohio's competitive advantages in advanced manufacturing, biotechnology, logistics, workforce technology, and artificial intelligence applications. The fund also extends its mandate into real estate and infrastructure opportunities, including agricultural and industrial land acquisitions across Ohio's 12 counties, providing investors with diversified exposure beyond pure-play venture. Investment structures are flexible, supporting companies from early venture rounds through growth equity stages with varying ticket sizes.
In its first year of operation (2024–2025), The O.H.I.O. Fund deployed approximately $196 million across 30 Ohio companies and real estate projects through its two core funds and special purpose vehicles, with 106 investors—nearly all Ohio-based—providing capital. Notable investments include Eagle Electronics (IoT modules), JucaBio (early-stage biotherapeutics), and Innosource (AI-powered workforce solutions). The combined portfolio generated more than $75 million in total returns through January 2026. The fund accelerated its pace of investment in 2026 with expanded institutional commitments, reflecting growing investor confidence in Ohio's innovation economy.