IGS Invests in Central Ohio Startup Fund Led by Rev1 Ventures
Dublin, OH, September 2 2016– IGS, parent company of Dublin, Ohio energy supplier IGS Energy, recently announced its support of Columbus-area venture development organization Rev1 Ventures’ Rev1 Fund I. With funding from IGS and other area corporations, Rev1 will make investments in technology-focused startup companies, ranging from alternative energy to software.
The $22 million fund, which encompasses all corporate investments, is noted as the largest seed-stage fund of its kind in Central Ohio. Investments in individual startups to be distributed by Rev1 will range from $250,000 to $1 million, and are designed to be return-driven than a source of economic development. One of the primary goals of the fund is to continue to grow and attract more capital to Central Ohio.
“IGS Energy supports finding entrepreneurial solutions to social problems and is proud to support the development of new central Ohio business ventures,” said Scott White, president and CEO of IGS.
IGS is a leader in the energy industry advocating for an engaged society seeking positive change in the way customers manage and consume our energy resources. With over 25 years of experience the company provides the following to over one million customers across the country: natural gas, electricity, and home protection products (through IGS Energy); power generation solutions off the grid (through IGS Generation); clean, domestic alternative fueling options (through IGS CNG Services); and solar solutions (through IGS Solar). The company also has a community investment program called IGS Impact which provides employees ongoing opportunities to get involved with, and give to, causes that are meaningful to the company and to them personally.