Cincinnati InsurTech Coterie has raised $27 million in an oversubscribed round, bringing its total funding to more than $102 million. Powered by data-backed underwriting, Coterie enables independent agents and brokers to write small business insurance in less than one minute. The company saw revenue growth of over 200% in 2023.

The University of Cincinnati received a record $314 million in research awards in 2023, a 17% increase from a year earlier, the school announced in February. Thanks to what it says are new innovations across its colleges, UC has doubled research awards since 2018.

Enable Injections, the leading medical technology company behind the enFuse wearable technology, is expanding manufacturing operations with a new facility in the Cincinnati suburb of Springdale. The company also is investing in its corporate headquarters in the nearby suburb of Evendale and plans to double headcount over the next 10 years.

Ohio’s reputation as a fintech hub is growing stronger thanks to a new global headquarters investment. Worldpay, one of the largest payment processors in the world, will reestablish its global headquarters in Cincinnati, bringing more than 500 new jobs and $56 million in associated payroll.