Advanced Manufacturing Fund, a seed fund for early manufacturing and physical product companies in Ohio, recently invested $200,000 to help take SweatID to the next level.
The fund, which was formally established in late 2021, garners half of its support from Ohio Third Frontier and the other half from a group of investors, including JumpStart Inc. The fund stands out as one of few investment companies focused on product manufacturing rather than technology.
Specifically, SweatID Founder Chelsea Monty-Bromer says this funding will help the company hire a chief scientist and a full-time chemical engineer. In addition, it will go towards improving the appearance of the product by working with students in Kent State University’s fashion program to design both an attractive and a functionable wearable. Finally, the funding will provide an overall cushion for the company to continue making strides in the industry while navigating early stage challenges.
“We’re thrilled to have the support from the Advanced Manufacturing Fund,” said Monty-Bromer. “As we continue to grow at a rapid pace, we look forward to all that this funding will do to help us achieve the ultimate goal of bringing our product to market, allowing our users to sweat smarter and sweat safer.”
Learn more about the Advanced Manufacturing Fund.
See the full story on Crain’s Cleveland Business.
