614-224-6446
JobsOhio Growth Capital Program Details
Financing Instrument:
- The JobsOhio Growth Capital Program (JOGC) can participate via convertible debt and direct equity on terms that are materially the same as those of the lead investor.
- JOGC investment amount is generally 1:1 aligned with the lead investor’s commitment and can take up to 20% of the current investment round; JOGC will not own more than 20% of any individual investment.
Ideal Candidate:
- Ohio-based company or out-of-state candidate agreeing to locate a meaningful base of operations in Ohio as a condition of the JOGC investment
- Aligned with JobsOhio target sectors (listed/linked here)
- Raising a Series A round or later
- Demonstrating significant growth (revenue and employment)
Criteria to Qualify:
- Candidate must have already received significant past financing.
- Candidate must have secured a term sheet from a lead investor for the round JOGC is invited to participate in. The qualified lead investor must be willing to accompany the candidate company for JOGC investment consideration.
- A qualified lead investor is an investment firm or institution, located in or outside of Ohio, that makes direct investments professionally and has a formal, rigorous due-diligence processes. Additionally, a qualified lead investor should have a track record of successful exits.