Ohio TechAngels Fund

Ohio TechAngels Fund (OTAF) is a leading angel investor group dedicated to supporting early-stage technology companies in Ohio. The fund focuses on sectors such as information technology, advanced materials, and life sciences, aiming to commercialize innovations in these fields. With over 340 high-net-worth accredited investors, OTAF has become one of the largest angel networks in North America. The fund's mission is to 'Turn great ideas into prized companies to build entrepreneurial wealth.'

OTAF's investment strategy involves providing initial investments of $325,000, with the potential for follow-on investments of up to $175,000. The typical round size ranges from $750,000 to $2.5 million, often involving syndication with other investment partners across Ohio and the Midwest. The fund has a strong network of collaborators and partners, including the Ohio Third Frontier Program, which co-invests in the funds. This collaboration enhances OTAF's ability to identify and support high-potential startups in the region.

Since its inception, OTAF has invested in numerous companies, contributing to the growth of Ohio's entrepreneurial ecosystem. The fund's portfolio includes companies that have achieved positive exits and others that continue to operate successfully, generating significant annual revenues and employing a substantial workforce. OTAF's commitment to fostering innovation and supporting entrepreneurs has solidified its reputation as a key player in Ohio's venture capital landscape.