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VGV News & Updates

Valley Growth Ventures Announces Investment in BIOHM Health, a Biotech Firm Revolutionizing the Microbiome Industry

3/7/2023

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Local Venture Capital Firm Backs BIOHM's Innovative Approach to Gut Health with Strategic Investment

YOUNGSTOWN, Ohio – Valley Growth Ventures is pleased to announce that its newest addition to its portfolio of high-growth companies is BIOHM Health Inc., a biotech firm focused on revolutionizing the microbiome industry. BIOHM's cutting-edge technology has the potential to transform the way we view and treat gut health, which is linked to many chronic health conditions.
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With this investment, Valley Growth Ventures continues its mission to support innovative, forward-thinking companies that are poised to make a significant impact in their respective fields. BIOHM's unique approach to improving gut health has already attracted attention from leading experts in the field, and we are excited to help propel their growth and success.

"BIOHM has the potential to disrupt the microbiome industry by offering a comprehensive approach to gut health that no other company is currently providing," said Ernie Knight, Managing Director of Valley Growth Ventures. "We are thrilled to partner with BIOHM and its top tier investors to help provide the resources and expertise they need to achieve their full potential."

BIOHM's technology is the result of years of research and development, and their flagship product, BIOHM Total Probiotic, is already gaining popularity among consumers who seek a more holistic approach to gut health. The product is formulated with the company's patented blend of probiotic bacteria and fungi, which work together to improve gut health and overall wellness.

"We are delighted to have Valley Growth Ventures as our partner in this journey," said Afif Ghannoum, CEO of BIOHM. "Their expertise and resources will be invaluable in helping us scale our business and bring our innovative technology to more people who are seeking better gut health."
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Valley Growth Ventures is committed to supporting the growth of promising companies like BIOHM and looks forward to seeing their continued success in the years to come.
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Q4 Newsletter

1/31/2023

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VGV Highlights

VGV Makes New Investment in Microbiome Innovation Company

BIOHM Health is a microbiome innovation company that uses microbiome data to develop science-backed, targeted probiotic ingredients and products for use in food, beverage, and nutrition verticals. The company sells microbiome-based products and tests to consumers directly, and to businesses through ingredient and testing partnerships, to address the health and wellness opportunities within the $11.5 billion probiotics and $1 billion at-home gut testing markets. BIOHM differentiates itself from competitors by its proprietary microbiome database, growing patent portfolio, its expertise in the microbiome, and its ability to turn microbiome data into clinically proven ingredients. With a growing number of patented products backed by in-vitro and/or clinical trials, BIOHM’s products are manufactured in the US using high-quality standards and are sold through an omnichannel model. ​
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Portfolio Company Highlights

BIOHM Raises $7.5 Million to Accelerate Microbiome Research, Artificial Intelligence Capabilities and Product Development

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​BIOHM, guided by the cutting-edge science of Dr. Mahmoud Ghannoum, has raised a $7.5 million equity financing led by Middleland Capital's VTC Ventures with additional investment from Felton Group, LLC, Jobs Ohio Growth Capital Fund, Aztec Capital Management LLC, Cleveland Life Science Advisors, Valley Growth Ventures, LLC, JumpStart-UH (Healthcare Collaboration Fund) and other investors.
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Partner Highlights

BRITE ENERGY INNOVATORS: FIRST ELECTRIC MOTORCYCLE ARRIVES IN VOLTAGE VALLEY

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More electric vehicles are rolling into Voltage Valley — this time, a motorcycle. Friday afternoon, LAND Energy delivered the District bike to its owner at BRITE Energy in Warren. LAND is based in Cleveland and partnered with BRITE. The bike has software and can function as an e-bike, moped and full-on motorcycle.
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All parts of the bike, except for the batteries, are manufactured in the United States. LAND hopes its partnership with BRITE will bring that battery manufacturing to the area.
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Industry News

Health insurance startup Angle Health scores $58M

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Portage led the round, with participation from SixThirty Ventures, Crew Capital, PruVen Capital, Mighty Capital, Aloft VC, Wing Venture Capital, Mindset Ventures, Wormhole Capital and Waseem Daher, founder of Pilot, the accounting services company for technology startups.
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Existing investors Correlation Ventures, Blumberg Capital, Y Combinator and TSVC also supported the round. 
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Q3 Newsletter

12/5/2022

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VGV Highlights: All VGV portfolio companies made or
exceeded their Q3 revenue targets

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S4 Medical Meets Primary Endpoint in Esophagus Deviation During Radiofrequency Ablation of Atrial Fibrillation (EASY AF Study)

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In an announcement from S4 Medical Corp, the company has announced that it is halting its EASY AF study due to successful achievement of its primary endpoint. After review of the data, the Data Safety and Monitoring Board advised to stop the study, as the study data demonstrates a statistically significant reduction in thermal injury to the esophagus during atrial fibrillation catheter ablation procedures.

The EASY AF Study was conducted under an investigational device exemption (IDE) approved by the U.S. Food and Drug Administration. The study treated 120 patients at 11 study centers in the USA and one in Argentina.

For more information, visit www.S4medical.com or follow S4 Medical on LinkedIn  and Twitter for more company updates.
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Ohio to Receive Funding to Support Small Businesses

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COLUMBUS, Ohio – The Ohio Department of Development today announced that up to $182 million will soon be available to support small businesses in Ohio.
 
“There is no better place to live, work, and raise a family than in Ohio, and our small businesses are a major reason why,” said Governor Mike DeWine. “My administration is dedicated to supporting the small businesses that are so integral to our state, especially those that need extra support to get off the ground and become a success.”
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Industry News: How Low Could Valuations Go?

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Enterprise-value-to-forward-revenue multiples are now below 2016 levels for the first time in 6 in years as the public software market continues to compress.
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