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Middletown, OH, September 21, 2015 --( Stephen L Hightower, President and CEO of Hightowers Petroleum Co., based out of Middletown, OH has partnered with Carl Linder III and family (American Financial Group), George Joseph (Joseph Automotive Group), Jack Wyant (Blue Chip Venture Company), and Scott Farmer (Cintas) to form FC Cincinnati's new ownership.
Previously, he was a managing director of Blue Chip Venture Company, senior vice president of Strategic Planning and general counsel of Quantum Health Resources as well as a partner in the Jones Day law firm.
The funding initiative was led by T-Venture Holding GmbH, the venture capital arm of Deutsche Telekom AG (ETR:DTE), and also includes new investors Harbourton and corporate funds represented by West Capital Advisors LLC, as well as existing investors Blue Chip Venture Company Ltd, Draper Fisher Jurvetson, Illinois Ventures, Matthew Pritzker Company LLC, Mercury Fund and RPM Ventures.
The financing round was led by Benchmark Capital, with participation from existing investors Blue Chip Venture Company, CID Equity and Spring Mill Venture Partners.