JumpStart Makes Investments in 4 Innovative Tech Companies
2.2 minute read
JumpStart recently made investments into four Ohio-based tech companies, adding new technologies to our diverse and growing portfolio. These innovative startups offer platforms which seek to solve unique challenges within their sectors.
Learn more about the four companies joining our portfolio below.
Inphlu is an Ohio-based social media automation platform, with offices in Dayton and Cincinnati, that uses AI to help businesses and professionals automate content creation, written captions and posting, as well as view real-time analytics. The solution provides significant efficiency for individuals by reducing the time required for the management of social media platforms by 90%. The company was founded by Joshua Reid, who ran his own digital marketing agency and knew there was a gap in the marketplace his solution could fill. JumpStart’s Focus Fund invested in Inphlu’s funding round.
Established in 2016, Columbus-based ScriptDrop provides medication delivery to patients through its technology-enabled delivery network. COVID-19 propelled the growth of the company; they saw a 220 percent increase in revenue over 2019 and by the end of 2020, ScriptDrop had more than 8K pharmacy partners and 1.6M patients across the country. JumpStart’s Focus Fund participated in Scriptdrop’s funding round.
Projitech’s flagship product, OnStation, is a mobile productivity app for frontline road workers providing simple, streamlined tools for locating, visualizing and communicating work on roadway projects. Founder & CTO Jake Bailosky experienced a need for this solution firsthand while working at the Ohio Department of Transportation. In 2019, Patrick Russo joined as the CEO. JumpStart Evergreen Fund participated in the company’s funding round. Read more in their funding announcement.
Formed in 2019, Axuall streamlines the secure sharing of verified credentials between clinicians and healthcare organizations. Their platform automatically aggregates and verifies credentials from thousands of sources that can be shared instantly between clinicians and hiring organizations. The company recently closed a $10.4M Series A round led by Flare Capital alongside participation from the NEXT II Fund. Read the press release.