The next phase of Mark Kvamme’s career officially starts this week.
The ex-Sequoia venture capital veteran, who announced near the end of last year that he would step back from the venture capital fund Drive Capital that he co-founded a decade ago, is planning to debut a new $500 million investment fund at an invite-only event in Cleveland tomorrow evening, according to two people familiar with the matter and an invitation for the event seen by Fortune.
Kvamme is launching an impact fund, called the OHIO Fund, with Ray Leach, the CEO of Ohio-focused venture development organization JumpStart Ventures, according to an investment deck seen by Fortune (the deck was first reported by Business Insider). The OHIO Fund is modeled after Temasek, Singapore’s growth-focused sovereign wealth fund, and will invest in Ohio-based companies, investment funds, real estate, and infrastructure projects that will accelerate economic growth in the state, according to the documents. The fu
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