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North Coast Ventures provides early-stage capital to applied, vertical AI companies across sectors such as healthcare, insurance, logistics, marketing, and the future of work. The firm distinguishes itself by leveraging a network of over 500 investors, operators, and executives. This extensive network is utilized to connect its portfolio companies directly with enterprise customers and strategic partners, acting as an integrated ecosystem designed to foster accelerated growth.
The organization originated as the North Coast Angel Fund in 2006, co-founded by Claiborne R. Rankin, known as Clay. The initial insight centered on establishing a robust angel investor network to support nascent technology ventures within the region. This foundational structure evolved into North Coast Ventures, which has continued its focus on early-stage technology investment while expanding its strategic approach and deepening its professional network.
North Coast Ventures primarily serves early-stage companies developing business-to-business (B2B) Software-as-a-Service (SaaS) solutions, particularly those that integrate applied AI. The firm’s long-term vision is to be an indispensable growth partner for these companies, providing not just financial backing but also crucial enterprise connections. It aims to accelerate the market adoption of its portfolio innovations by facilitating introductions and fostering direct engagement with potential clients and strategic advisors.
North Coast Venture Fund has 3 tracked investments across 2 companies. The latest tracked deal is $10.0M Series A in AmpliFund in June 2016.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jun 20, 2016 | AmpliFund | $10.0M Series A | — | BLU Ventures, Hyde Park Angels, Hyde Park Venture Partners |
| Jun 1, 2016 | AmpliFund | $10.0M Series U | First Analysis | BLU Venture Investors, Chicago Ventures, Cultivation Capital, Emergence Capital, FINTOP Capital, Flex Capital, High Alpha, Hyde Park Venture Partners, ISelect Fund, IVP, Teamworthy Ventures, Matt Gorniak, Rick Holton, BLU Ventures, Hyde Park Angels |
| Apr 1, 2016 | OnShift | $18.0M Series D | Health Velocity Capital | Draper Triangle Ventures, Early Stage Partners, Fifth Third Capital, HLM Venture Partners, West Capital Advisors |