eGateway Capital, one of the most prominent venture capital firms in Northern Kentucky, becomes the first tenant at SparkHaus.
Marketed as a hub for Northern Kentucky’s entrepreneurial community, SparkHaus is transforming the vacant 47,000-square-foot Simms Furniture building at 727 Madison Ave. in Covington’s Central Business District. Once completed, NKY-based founders, investors and support organizations can collaborate in one central office hub.
eGateway Capital will be the building’s first tenant, Kenton County officials announced in a news release. LINK nky first reported eGateway Capital’s interest in SparkHaus in May 2023.
“From this project’s inception, we wanted eGateway at the table,” Kenton County Judge/Executive Kris Knochelmann said in a press release. “Having eGateway sign the first lease at SparkHaus is a sign of good things to come. Managing partner Chad Summer and the eGateway team are leaders in the commonwealth and we want the entrepreneurs who call SparkHaus home to benefit from their knowledge and resources.”
Since 2021, eGateway has raised $120 million since 2021 and invested more than $60 million across 14 companies, according to the release. The firm is set to occupy roughly 4,000 square feet within SparkHaus and will have its own entrance from Madison Avenue.
“SparkHaus addresses a few key needs that we believe will have an outsized impact on our region’s growth for decades to come,” Summe said in the release. “It’s a hub for decision makers with financial capital, to meet local entrepreneurs and larger business owners and ultimately a space where our technology companies can hire and house their first local employees.
Construction on the project began in late September and is being spearheaded by Urban Sites. City Studios serves as the project’s architect. SparkHaus is expected to open in late summer 2025.