Fund I, which is fully invested for initial investments, totals $3.5 million. Fund II totals $4.65 million. TechColumbus provides management services for the Ohio TechAngel Funds.

Ohio TechAngel Funds invests in four to six late-incubating and demonstrating-phase technology companies each year. OTAFs portfolio companies must be located in, or willing to move to Ohio, preferably central Ohio.

The Fund seeks and reviews every phase-appropriate technology investment opportunity in the 15-county central Ohio region, and serves as lead investor in deals that are appropriate for investment.

The fund’s financial investment will usually take the form of purchasing participating preferred equity in an initial amount $200,000. Members of OTAF often directly co-invest in deals that are led by the Fund, and the Fund often co-invests with other angel and venture funds which results in the fund participating in first round investments that range from $100K to over $1 million.

For additional information and to apply for consideration, please navigate to the officaial website at www.ohiotechangels.com.