Ohio TechAngel Funds raises $5.1 mln for fifth fund
Ohio TechAngel Funds (OTAF), which invests in Ohio-based companies in IT, advanced materials and life sciences, announced it has raised $5.1 million for its fifth fund. Half of the funds came from accredited investors, while the State of Ohio matched the other half with a loan, said OTAF Managing Director Parker MacDonell. OTAF raised $7.3 million in a similar structure for its fourth fund, which it began putting to work in 2014. MacDonnell said that fund is about two-thirds invested.
8 June 2016•1 min read
