FundedIQ

Funded Startups in Akron

In Akron’s most recent funded-uptake entries, one disclosed round stands far above the rest: Sequoia Financial Group’s $200M private equity round (2022-10-…

In Akron’s most recent funded-uptake entries, one disclosed round stands far above the rest: Sequoia Financial Group’s $200M private equity round (2022-10-19) dwarfs the next-largest disclosed amount, Auxilium Health’s $3M seed round (2026-05-15), with all other disclosed rounds at $2M or below (TonDone $2M on 2022-04-25; ArtsNow $130K on 2023-05-23). Stage and disclosure patterns also cluster: 3 of 6 rows are labeled “Series Unknown” or “undisclosed” (Akron Urban League, 2024-09-18; ACU-Serve Corp., 2023-10-19), while the remaining 3 provide disclosed amounts ($3M, $2M, $130K) across Seed and Private Equity.

Temporally, the window covered by these 6 records runs from 2022-04-25 (TonDone) to 2026-05-15 (Auxilium Health), with two disclosed seed/private-asset rounds in 2022 (TonDone on 2022-04-25 and Sequoia Financial Group on 2022-10-19). Sector-wise, Information Technology appears twice (ACU-Serve Corp. and TonDone), while other sectors show up once each across Biotechnology, Financial Services, Community and Lifestyle, and Events. Overall, the list is dominated by Akron-based companies, with all entries explicitly located in Akron, Ohio.

Most recent rounds

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Frequently asked

What’s the largest disclosed round in Akron here, and how does it compare to the other disclosed amounts?

Sequoia Financial Group’s $200M private equity round (2022-10-19) is the only disclosed amount in this list above $50M. The next-largest disclosed round is Auxilium Health’s $3M seed (2026-05-15), followed by TonDone’s $2M seed (2022-04-25) and ArtsNow’s $130K (2023-05-23).

Do the most recent entries cluster tightly in time, or are they spread across multiple years?

They span multiple years: the earliest dated entry is TonDone on 2022-04-25, and the most recent is Auxilium Health on 2026-05-15. Two entries fall in 2022 (TonDone $2M on 2022-04-25 and Sequoia Financial Group $200M on 2022-10-19), while other dated rows appear in 2023 (ArtsNow 2023-05-23; ACU-Serve Corp. 2023-10-19) and 2024 (Akron Urban League 2024-09-18).

How much of this Akron sample has undisclosed or “Series Unknown” amounts?

2 of 6 rows are explicitly “undisclosed” in the amount field (Akron Urban League on 2024-09-18; ACU-Serve Corp. on 2023-10-19). In addition, 1 row uses “Series Unknown” as the round type while still showing an undisclosed amount pattern in that same row (ACU-Serve Corp.), leaving 3 rows with disclosed amounts ($3M, $2M, $130K).

Is any sector over-represented in this list, based on repeated appearances?

Information Technology appears in 2 of 6 entries: ACU-Serve Corp. (Information Technology, 2023-10-19, undisclosed) and TonDone (Information Technology, 2022-04-25, $2M). The other sectors shown—Biotechnology, Community and Lifestyle, Events, and Financial Services—each appear once.

Which entries look like outliers within the disclosed set?

Among disclosed amounts, Sequoia Financial Group’s $200M (2022-10-19) is an outlier relative to the rest of the disclosed amounts, which range from $130K to $3M (ArtsNow $130K on 2023-05-23; TonDone $2M on 2022-04-25; Auxilium Health $3M on 2026-05-15). No other disclosed round is close to that $200M level.

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