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New $20 Million Investment Fund Set to Launch in Akron

Crain's Cleveland Business

If some local investors and their advisors are successful, Akron's about to get a shot of vitamin C — C as in capital. A new early stage investment fund promises to offer $20 million in capital for software startups and other fledgling, high-growth businesses in and around Akron.

Akron-based Acquire Investments, the Bounce Innovation Hub and JumpStart Inc. are launching a new fund, dubbed the Fusion Fund, and are working to gather investments.  The fund starts life with a little more than $4 million in investments and capital. Most of that is from the Acquire Investment Growth Fund, which is being merged into the new entity, Acquire founder and managing partner Bill Manby said. He'll oversee the new fund's investments as its founding partner, as he's previously done with Acquire.

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