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Data: PitchBook; Chart: Andrew Witherspoon/Axios

Venture capital investments in Ohio more than doubled in five years, and the increased availability of funding is helping attract a new crop of startup founders.

Zooming in: Columbus in particular is experiencing a mini-renaissance as technology is disrupting legacy industries such as manufacturing, insurance, financial services, retail and health care.

  • Columbus-based Drive Capital, one of the biggest VC firms in the region led by two Sequoia Capital alums, raised $350 million for its third venture fund this year. It’s backed companies like Root Insurance, which is now valued at $3.65 billion after a $350 million funding round (Ohio’s largest-ever VC funding round).

Connected cars: Arnab Nandi, 36, spun his company Mobikit, a data infrastructure platform for connected vehicles, out of The Ohio State University, where he is on leave from the faculty.

  • Being three hours away from auto-focused hubs of Detroit and Pittsburgh make Columbus ideal, he said. And he can recruit recent OSU grads.
  • "It's about giving those young professionals a reason to stay and not think that they have to move to California to start a tech career," he said.

Insurance: Steve Lekas, 38, worked at insurance companies in New York and San Francisco. When he co-founded Branch, which lets consumers bundle low-cost home and car insurance, he and his co-founder settled on Columbus after analyzing more than 80 cities. He's relocated six employees there and has since hired five more.

  • It came down to the cost of living and types of talent available. Columbus is home to several major insurance companies.
  • "I couldn’t find any real benefit to us being in the Bay Area," he said. "But I could see how the price we put in front of consumers was higher as a result in a very price-sensitive marketplace."
  • Branch has raised $8.5 million from Bay-area-based VC Foundation Capital, New York-based Greycroft and Revolution’s Rise of the Rest Fund, which also invested an undisclosed amount in Mobikit.

Go deeper: How Ohio boosted venture capital investment

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Biden: The next president should decide on Ginsburg’s replacement

Joe Biden. Photo: Drew Angerer / Getty Images

Joe Biden is calling for the winner of November's presidential election to select Ruth Bader Ginsburg's replacement on the Supreme Court.

What he's saying: "[L]et me be clear: The voters should pick the president and the president should pick the justice for the Senate to consider," Biden said. "This was the position the Republican Senate took in 2016 when there were almost 10 months to go before the election. That's the position the United States Senate must take today, and the election's only 46 days off.

Trump, McConnell to move fast to replace Ginsburg

Photo: Alex Wong/Getty Images

President Trump will move within days to nominate his third Supreme Court justice in just three-plus short years — and shape the court for literally decades to come, top Republican sources tell Axios.

Driving the news: Senate Majority Leader Mitch McConnell and Senate Republicans are ready to move to confirm Trump's nominee before Election Day, just 46 days away, setting up one of the most consequential periods of our lifetimes, the sources say.

Updated 4 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 10 p.m. ET: 30,393,591 — Total deaths: 950,344— Total recoveries: 20,679,272Map.
  2. U.S.: Total confirmed cases as of 10 p.m. ET: 6,722,699 — Total deaths: 198,484 — Total recoveries: 2,556,465 — Total tests: 92,163,649Map.
  3. Politics: In reversal, CDC again recommends coronavirus testing for asymptomatic people.
  4. Health: Massive USPS face mask operation called off The risks of moving too fast on a vaccine.
  5. Business: Unemployment drop-off reverses course 1 million mortgage-holders fall through safety netHow the pandemic has deepened Boeing's 737 MAX crunch.
  6. Education: At least 42% of school employees are vulnerable.