JumpStart Ventures Closes Year with Four New Investments, Bringing Total to Organizational High of 15 in 2010

JumpStart Ventures, the non-profit that invests in and partners with innovative, early-stage companies in Northeast Ohio, closed four investments – putting $800,000 in four early-stage companies – in the past two months. The recent investments bring JumpStart Ventures’ investing totals for 2010 to $3.1 million via 15 investments.

JumpStart Ventures’ most recent investments were made in new portfolio companies MedCity Media and Caralon Global. Cleveland, OH-based MedCity Media has developed an online news service and content generation model specific to the healthcare industry. It plans to use the funding to add Raleigh/Durham, NC and Philadelphia, PA to its list of demonstration markets, which already includes Cleveland and Minneapolis/Saint Paul, MN. Caralon Global is a Cleveland company developing and commercializing an ultra-thin, highly efficient insulation product. The seed funding will help the startup complete life-span testing on its patent-pending vacuum insulated panel that reduces heat transfer better than traditional fiberglass or polyurethane products.

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