Cincinnati’s biggest group of angel capital investors, Queen City Angels , is planning to raise a fourth fund that could total as much as $6 million.
The group expects to apply in the next few weeks for the latest round of capital made available through Ohio’s Third Frontier program, said Tony Shipley, chairman of Queen City Angels. It will seek the maximum amount – $3 million – from Third Frontier, which the state set up in 2002 to foster innovation and build technology-based companies and jobs.
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