As reported this week in the Plain Dealer, the Ohio Capital Fund, a “fund of funds” established to help increase private investment in Ohio companies, has committed $25 million to four VC funds.  The funds focus on early stage life science and IT companies.

The four funds are Arboretum Ventures out of Ann Arbor, MI; Radius Ventures in New York; Charter Life Sciences in Cincinnati and Palo Alto, CA; and Fletcher Spaght Ventures in Boston.

Arboretum Ventures and Radius Ventures recently opened Cleveland offices because of the investment.  Fletcher Spaght opened a Columbus office.