Ohio TechAngel Funds - aVenture Asset Manager Research
Ohio TechAngel Funds
Operating Status: Operating
OTAF, North America's largest angel network, invests in early-stage Ohio-based C-Corporations in IT, life sciences, and advanced materials.
Location
Columbus, OH, US
Founded
2004
Ohio TechAngels Funds (OTAF) are for-profit angel investor funds that invest in early stage Ohio-based C-Corporations in IT, advanced materials, and life sciences. More than 340 accredited investors contribute to the funds; OTAF founder John Huston manages each fund, and TechColumbus serves as Managing Member, providing administrative and entrepreneur support. The Ohio Third Frontier Program co-invests in the funds.
OTAF and its sidecars have invested $28 MM in 44 companies that have raised $355 MM from other sources, with four positive exits and 10 complete losses. OTAF IV will make 14 initial investments of $325,000, and seven of these companies will receive follow-on investments of $175,000. The typical round size is $750,000 to $2.5 MM.
Ohio TechAngel Funds - Portfolio Snapshot
Portfolio activity breakdown across disclosed investments and stages
