# North Coast Ventures

North Coast Ventures is a Venture Capital based in Cleveland, United States.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Cleveland, United States
- **Region:** North America
- **Address:** Cleveland, OH, United States
- **Founded:** 2006
- **Assets under management:** Undisclosed
- **Website:** northcoast.vc
- **LinkedIn:** https://www.linkedin.com/company/north-coast-venture

## Regulatory record

- **Reports private funds:** No

## About

North Coast Ventures is an Ohio-based angel fund investing in pre-seed and early-stage technology-oriented firms in healthcare, electronics, advanced materials, technology, and energy and utilities. The fund focuses on companies based in Northeast Ohio, typically investing $200,000 to $300,000. North Coast Ventures has made 121 investments and participated in 11 portfolio exits.

## Sectors

- Enterprise Software
- Digital Health
- FinTech
- Industrial Tech
- Mobility & Transportation

## People

- Clay Rankin — Managing Director
- Todd Federman — Managing Director

## Questions

### How does North Coast Ventures source deals that are not visible to coastal VCs?

The firm relies on a dense network of member-investors, portfolio-company founders, and Ohio-based incubators to surface early-stage companies before they appear on national radars. Because many of its limited partners are current or former operators in the region, the origination pipeline benefits from referrals that aren't captured by typical broker-driven or inbound-only sourcing models.

### Is North Coast Ventures a traditional VC fund or an angel network?

It operates as a hybrid. Originally founded as a member-managed angel network, the firm converted into a more institutional venture structure in 2018 while retaining its base of accredited member-investors. That means it makes fund-level allocation decisions through a professional investment committee but draws capital from a broad membership, rather than a small number of institutional limited partners.

### What was its most notable exit, and what did it signal for the firm's strategy?

CoverMyMeds, a Columbus-based digital health company, was acquired by McKesson for $1.1 billion in 2017. North Coast Ventures was an early investor. The exit validated the thesis that Ohio-founded technology companies can generate venture-scale returns and helped convert the legacy angel network into the more institutional North Coast Ventures brand.

## Related profiles

- [Noa Capital Partners](https://altss.com/profile/noa-capital-partners)
- [North East Rural Growth Network](https://altss.com/profile/north-east-rural-growth-network)

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Last updated: 2026-06-03T20:00:00.000Z

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