The O.H.I.O. Fund

InvestorActive
Type: Venture FundStage: Growth, Series A, Series BFund Size: $647MAUM: $647MLocation: OH, United StatesContinent: North AmericaWebsite

The O.H.I.O. Fund (TOF Manager, LLC) is a Cleveland-based private fund investment adviser founded in June 2024 by Mark Kvamme (former Drive Capital co-founder and JobsOhio architect) and Ray Leach (founding CEO of JumpStart Inc.). The firm operates as an evergreen fund exclusively focused on Ohio-based investment opportunities, deploying capital across three roughly equal allocations: real estate, growth equity, and later-stage venture. It manages two private funds — The Ohio Institutional Impact Fund, L.P. and The Ohio High Growth Investment Opportunities Fund LP — and has raised $647 million in committed capital from 155 investors as of Q1 2026. The portfolio spans advanced manufacturing, biotech, photonics, AI, infrastructure, logistics, food tech, and healthcare tech, with 30+ investments closed since launch. The fund mobilizes a proprietary network of institutions, corporations, foundations, family offices, and high-net-worth individuals across Ohio.

Advanced ManufacturingBiotech, Life Sciences, Synthetic BiologyAI and Machine LearningInfrastructurePhotonics and OpticsHealthcare and Med TechLogistics and Supply ChainsFood TechRobotics and AutomationBuilt Environment

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