Sep 22, 2017

ShareThis founder raising $100 million VC fund in Ohio

Refinery Ventures, a Cincinnati-based venture capital firm launched earlier this year by Tim Schigel, is seeking to raise to to $100 million for its debut fund, according to an SEC filing. So far it has already secured nearly $11 million, and has backed companies like Doc Halo, a real-time clinical communications startup.

Who? Schigel is the founder of ShareThis, a Silicon Valley make of a social media sharing widget for online publishers. He later would go on to lead a venture fund-pf-funds for a Cincinnati-based startup accelerator called Cintrifuse.

Why it matters: Most venture capital firms are concentrated on the coasts, thus making it particularly difficult for Midwestern entrepreneurs to succeed without leaving home. The arrival of firms like Refinery might be able to change that dynamic.

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Assault weapons ban dies in Virginia Senate despite Democratic control

Gun-rights ralliers at a protest outside the Virginia Capitol Building in January. Photo ROBERTO SCHMIDT/AFP via Getty Images.

An assault weapons ban died in the Virginia Senate Judiciary Committee on Monday despite a Democratic majority in the assembly, the Washington Post reports.

Why it matters: Democrats flipped the Virginia House and Senate last year after campaigning hard on gun control. The assault weapons bill would have banned future transfers and sales of all assault weapons in the state.

What we know: Deadly Storm Dennis whips at England, Wales and Ireland

Photo: OLI SCARFF/AFP via Getty Images.

At least two deaths are being attributed to Storm Dennis on Monday as it continues to strike at parts of England, Wales and Ireland, per AccuWeather.

The big picture: Dennis is the second-strongest nontropical storm ever recorded in the North Atlantic Ocean. Its hurricane-force winds and heavy rains have caused widespread flooding across the United Kingdom. The army has been deployed in the U.K. to help with flood relief.

Go deeperArrow29 mins ago - Science

Coronavirus cases rise as 14 American evacuees infected

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's NHC; Note: China refers to mainland China and the Diamond Princess is the cruise ship offshore Yokohama, Japan. Map: Danielle Alberti/Axios

14 Americans evacuated from the Diamond Princess cruise ship tested positive for the novel coronavirus before being flown in a "specialist containment" on a plane repatriating U.S. citizens back home, the U.S. government said early Monday.

The big picture: COVID-19 has now killed at least 1,775 people and infected more than 70,000 others. Most cases and all but five of the deaths have occurred in mainland China.

Go deeperArrowUpdated 3 hours ago - Health