Oleg Kaganovich Will Steer Cintrifuse Fund III Strategy & Focus
Cintrifuse welcomed Oleg Kaganovich as Managing Director of its $115M Syndicate Fund that invests in early-stage venture capital firms and extraordinary founders to build the next generation of disruptive Midwestern companies. The Cincinnati Business Courier covered the story here. Kaganovich brings a mix of experience and perspectives to the role, including previous work as a venture capital investor in the U.S., Asia, and Saudi Arabia, startup founder and operator, and corporate development professional. Kaganovich will lead the nationwide launch of Cintrifuse’s third fund, in addition to the ongoing management of Funds I and II.
“I’m thrilled to be joining a stellar fund team within the Greater Cincinnati innovation ecosystem,” said Kaganovich. “We are at the beginning of another startup revolution, where both early and growth-stage companies have the mobility and tools to effectively build their businesses outside of Silicon Valley, New York, or Boston. Add to this a large and growing talent pool, the capital efficiency of a lower-cost geography, and the backing of major local corporations, and you have a catalyst propelling the growth of new tech hubs in historically undercapitalized regions. The future is here.”
In addition to building startup ecosystems both in the U.S. and abroad, Kaganovich also played a leadership role driving the direction and growth of Greater Sacramento’s innovation economy.
“Oleg brings the perfect mix of skills, experience, and relationships to Cintrifuse at a time when our mission is more important and urgent than ever,” said Cintrifuse CEO Pete Blackshaw. “With Oleg’s leadership, we expect to increase the investment and engagement of VCs and Founders across the nation to support Cincinnati’s startups, to bring more startups to our region, and to invest more directly in Cincinnati’s thriving startup community. All while continuing to deliver the strong financial performance that has long been at the heart of the Fund’s success.”
The Cintrifuse Syndicate Fund consists of two individual, jointly managed funds that operate as a Fund of Funds, targeting U.S.-based venture funds that are active in the Midwest or expect to allocate capital, time, or expertise within Greater Cincinnati and the Southern Ohio region in the future. The Fund has raised over $115 million in AUM across two funds, drawing from some of the largest corporations in Ohio, including Western & Southern, Procter & Gamble, Kroger, Smucker’s, Scripps, Cincinnati Children’s Hospital, Mercy Bon Secours, and Cincinnati Bell.
Fund III will focus disproportionately on areas where Cincinnati has a growing concentration of talent, technology, and capital, including Sustainability, Supply Chain and Logistics, and FinTech. It will also provide support for women- and minority-led ventures and direct investments in Greater Cincinnati startups.
About The Cintrifuse Syndicate Fund
Backed by leading Ohio corporations, the $115 million AUM strategic Cintrifuse Syndicate Fund targets venture funds that actively invest in early-stage Midwestern technology companies based in undercapitalized geographies across Southern Ohio.
Fund objectives include:
- Addressing the capital gap faced by early and growth-stage founders in Southern Ohio
- Maximizing both strong financial and strategic returns by partnering with leading venture capital funds with a geographic focus and enthusiasm for investing in the Midwest
- Targeting disruptive early-stage companies, innovators and venture funds for fast-tracked R&D, distribution, customer and other strategic relationship development with leading regional corporations.
Fund investments include Greycroft, Revolution Ventures, Lerer Hippeau, Madrona Venture Group, Maveron, Upfront Ventures, Mercury Fund, Pelion Venture Partners, River Cities Capital, Allos Ventures, Material Science, and Cincinnati-based River Cities Capital and Refinery Ventures. Recent investments also include venture studios Atomic and Science.
Cintrifuse has one clear mission: to make Greater Cincinnati the #1 tech startup hub in the Midwest and among the nation’s most attractive innovation hubs. This mission is critical for our region because winning in the startup space stimulates our economy and invigorates our community. It creates jobs, brings talent, attracts investment, and unlocks our region’s potential to lead innovation in a wide range of industries.