Investor profile

North Coast Ventures

Angel syndicate

USMidwestOhioB2B SaaSHealthtechFintechAI/MLEnterprise

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Investment thesis

North Coast Ventures invests in highly scalable, business-to-business SaaS ventures focused on solving big problems where its membership and network can provide domain and functional expertise to help achieve superior outcomes, and its strong relationships with regional corporations can drive added value and lead to market-making reference customers. The firm operates a Seed Fund that backs companies demonstrating initial indicators of success, and an Acceleration Fund that targets firms with meaningful commercial traction and a credible plan to deploy larger amounts of capital for continued growth. NCV's 500+ member-investor network — the largest single-chapter investor group in the country — is central to its value-add model, enabling strategic introductions and corporate partnerships across its Ohio-focused, nationally relevant portfolio.

Notable quotes

I lead North Coast Ventures, a for-profit group of over 400 individual investors across 7 funds that invest in B2B SaaS startups in Ohio and beyond. We are currently the largest single-chapter investor group in the country, and we try to leverage that network to open doors for our portfolio companies in a strategic and systematic way.

Todd Federman · OhioX Profile: Todd Federman

When we think about the future we often think in terms of secular trends. What are these big things happening? Whether we like it or not we know they're happening, though we might not know how quickly.

Todd Federman · North Coast Ventures Annual Meeting 2021 – blog.northcoast.vc · 2021

The entire Midwest/Heartland region has massive untapped potential to grow the amount of investment and new economy jobs. Connected communities grow, and we're starting to see more of that.

Todd Federman · LinkedIn post – Todd Federman, 2026 NCV Annual Meeting · 2026

Team

Todd Federman

Managing Director

B2B SaaSAI/MLEnterprise

Daniel Luketic

Director

HealthtechFintechB2B SaaS

Ann Kirschner

Chief Financial and Operating Officer

Leen Ajlouni

Investment Associate

B2B SaaS

Michael Leonard

Investment Associate

B2B SaaSAI/ML

Clay Rankin

Managing Director Emeritus

B2B SaaSEnterprise

Recent investments

CompanyRoundSizeDate
Primum HealthSeed2025-09-25
1LogTechSeed2025
GivzeySeed2024-09
OnShiftSeed
AmpliFundSeed
AxuallSeries A$10m2021-07-13
RemeshSeed
BloomfilterSeed
AlviereSeed
Assurex HealthSeed

Frequent co-investors

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