Today, Ohio TechAngel Funds (OTAF), a Rev1 Ventures managed fund, announced the launch of OTAF V, its fifth fund with $5.1 million in commitments. With this fund, OTAF is focused on continuing to help early-stage companies secure critical, early capital while delivering strategic services that help entrepreneurs build successful companies. And the formula is working – OTAF, which was founded over a decade ago, is one of the largest angel funds in the U.S. with investments in over 50 companies. To date, those companies have raised over $500MM in capital from outside sources and nearly 70 percent of the firms are still active today, with five successful exits.
