Valley Growth Ventures gets funding from venture capitalist
YOUNGSTOWN — U.S. Rep. Tim Ryan of Howland, D-13th, and Dan Kildee of Michigan today announced the first new investments resulting from the “Comeback Cities Tour” and venture capital relationships.
Ryan recently returned from leading a delegation of venture capitalists on a tour of heartland cities to learn what steps can be taken to get more investment flowing to companies in Midwestern cities.
Patrick McKenna of High Ridge Venture Partners pledged an investment of $50,000 in Youngstown, Ohio’s Valley Growth Ventures (VGV) “micro venture capital” fund, which began in 2016.
In addition, he committed another $25,000 in direct investment in an emerging private startup technology company in the Mahoning Valley region of Ohio.
Robert Wolf of 32 Advisors pledged $100,000 to Flint, Mich.’s 1000 Startup Initiative.