The Cintrifuse Early Stage Capital Fund I, LLC, a venture capital fund of funds, invests in regional and national early-stage venture capital funds outside of Cincinnati – generating outside investment and interest and increasing the investable capital available to Cincinnati startups to over $500MM. With a focus on consumer goods and services, technology, energy, and life sciences, its goal is to create strong financial returns for investors and meaningfully increase the amount of venture capital activity in the region.
The Cintrifuse fund of funds is a for-profit fund operated by Cintrifuse Fund Management, LLC, a wholly-owned subsidiary of Cintrifuse, that invests in venture capital firms. The fund has closed $56 million to date and is believed to be the largest privately funded, first-time regional fund of funds in the country. Investors include American Financial Group, Castellini Management Company, Cincinnati Bell, Cincinnati Children’s Hospital Medical Center, Duke Energy, The Greater Cincinnati Foundation, The Jewish Foundation of Cincinnati, The Kroger Co., Messer Financial Services, Michelman, Procter & Gamble, Standard Textile, the University of Cincinnati, and Western & Southern Financial Group.
The fund of funds continues to develop a network of venture capital firms and other high-potential investment sources drawing further attention and activity to the Greater Cincinnati region.
Current investments include:
The Cintrifuse fund of funds increases the risk capital available in the region by attracting top-performing funds to partner — directly and indirectly — with global market leaders that do business in Greater Cincinnati. There is no requirement that funds invest in the region, but they must have a regional plan that includes activity and engagement with our limited partners (LPs) and startups. This model has worked for Michigan’s Renaissance Venture Capital Fund, where every $1 invested in a venture capital firm resulted in $15 coming back to Michigan companies and creating hundreds of jobs.
The Cintrifuse fund of funds operates with a management team, advisory board, and investment committee.
Tim Schigel manages the Cintrifuse fund of funds. Schigel is the founder and chairman of ShareThis, the world’s largest sharing platform on the Web that was founded in Cincinnati and is now headquartered in Palo Alto, California. He is also former director of the Blue Chip Venture Company.
Sarah Adams Anderson is principal for the fund of funds and works with Schigel to identify early-stage venture capital funds that fit Cintrifuse’s focus on life sciences, consumer goods and services, technology and energy. Anderson was previously vice president of investment banking for J.P. Morgan in San Francisco.
Schigel and his team report to an independent investment committee and work with an advisory board to provide additional insight and ensure adherence to generally accepted best practices. The advisory board (which includes some fund investors) is comprised of business leaders, investment professionals, and entrepreneurs.
The investment committee approves and suggests fund investments. Each member of the committee has a deep background in venture capital and have extensive experience acquiring and successfully selling startups.
For additional information, please contact email@example.com