Office Locations:

900 Kettering Tower
Dayton, OH 45423
Phone: 937-222-4422
Fax: 937-222-1323



  • Early



  • Information Technology



    NCIC CapitalFund is an early stage investment company focusing on emerging, growth-oriented, technology-based companies. Since June of 1995, NCIC CapitalFund has made 59 rounds of investments in 29 companies totaling over $15 million. The firm's investments have been leveraged with an additional $60 million in co-investments. NCIC's investments have ranged from $200,000 to $1,000,000, with an average of $500,000 per company. NCIC invests primarily in Ohio and Indiana and expects to exit with 48 months.

    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Growth Stage
    (also called Mid-stage)
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B

    Investment Team:

    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Bill Deas Secretary and Treasurer
    Frank Winslow CEO and President


    Portfolio companies include:

      Apex Technical
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      Applied Sciences
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      Bosma Machine and Tools
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      Century Aerospace
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      Color Savvy Systems
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      Fisher Data
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      Heartland Airlines
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      Intelligent Algorithms Enterprises
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      Kohol Industries
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      Masters Aerospace
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      New Carlisle Manufacturing
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      Privatizer Systems
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      Transwave International
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